Reviews BankAmericard Travel Rewards credit card review

BankAmericard Travel Rewards credit card review

Published: March 15, 2017
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Ratings Policy
No Annual Fee Rating:
4.1 rating
4.1 rating
4.1 / 5
Rewards Value: 4.0
Annual Percentage Rate: 2.2
Rewards Flexibility: 4.6
Features: 3.0

In a nutshell:

With a generous sign-up bonus, a high general rewards rate of 1.5 points per dollar and good travel perks – including no foreign transaction fees – the BankAmericard Travel Rewards credit card is a pretty sweet deal for a travel card with no annual fee.

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Rewards Rate
1.5:1 general purchases

Sign-up Bonus
20,000 points after spending $1,000 in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$305

APR
15.49-23.49%

Rewards Redemption
Pros

  • Points don’t expire
  • No blackout dates
  • No limits on how many points you can earn
  • Redeem points for any travel purchase
  • Redeem for a statement credit up to 12 months after making a travel purchase

Cons

  • Cash redemption is only 0.006 cents per point

Other Notable Features: No foreign transaction fees, Visa Signature benefits, EMV chip card with the ability to add a PIN for international travel, car rental insurance, roadside dispatch, lost luggage insurance, concierge services, purchase security

Rewards Rating:
3.5 rating
3.5 rating
3.5 / 5
Rewards Value: 2.9
Annual Percentage Rate: 2.7
Rewards Flexibility: 4.6
Features: 3.0

In a nutshell:

You can travel anytime you want with this flexible travel card: The BankAmericard Travel Rewards card sets itself apart from other travel cards by doing away with restrictive travel policies and letting you book your rewards-funded travel yourself.

Learn more about this card

Rewards Rate
1.5:1 general purchases

Sign-up Bonus
20,000 points after spending $1,000 in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$305

APR
15.49-23.49%

Rewards Redemption
Pros

  • Points don’t expire
  • No blackout dates
  • No limits on how many points you can earn
  • Redeem points for any travel purchase
  • Redeem for a statement credit up to 12 months after making a travel purchase

Cons

  • Cash redemption is only 0.006 cents per point

Other Notable Features: No foreign transaction fees, Visa Signature benefits, EMV chip card with the ability to add a PIN for international travel, car rental insurance, roadside dispatch, lost luggage insurance, concierge services, purchase security

Travel Rating:
3.4 rating
3.4 rating
3.4 / 5
Rewards Value: 2.5
Annual Percentage Rate: 0.0
Rewards Flexibility: 4.6
Features: 3.0

In a nutshell:

The BankAmericard Travel Rewards credit card is a solid travel rewards credit card with no annual fee, a generous sign-up bonus, and a simple earning and redemption scheme.

Learn more about this card

Rewards Rate
1.5:1 general purchases

Sign-up Bonus
20,000 points after spending $1,000 in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$305

APR
15.49-23.49%

Rewards Redemption
Pros

  • Points don’t expire
  • No blackout dates
  • No limits on how many points you can earn
  • Redeem points for any travel purchase
  • Redeem for a statement credit up to 12 months after making a travel purchase

Cons

  • Cash redemption is only 0.006 cents per point

Other Notable Features: No foreign transaction fees, Visa Signature benefits, EMV chip card with the ability to add a PIN for international travel, car rental insurance, roadside dispatch, lost luggage insurance, concierge services, purchase security

If you love travel but hate dealing with the intricacies and somewhat arcane terms of frequent flier and hotel programs, you will love the BankAmericard Travel Rewards credit card for its simplicity, earning potential, and extra benefits for Bank of America banking customers. This no-annual-fee card has a 20,000-point sign-up bonus, a high earning scheme of 1.5 points for every dollar of general spending, 0- percent APR on purchases for the first 12 billing cycles, and additional benefits advantageous to Bank of America customers.

Some rewards cards offer better values if you don’t mind working them to your advantage, but if you are a “set it and forget it” kind of customer, the BankAmericard Travel Rewards credit card is one of the best.

Good sign-up bonus

You get 20,000 points (which can be redeemed for a $200 statement credit) after spending $1,000 in the first 90 days. You can redeem these points as a statement credit up to 12 months after making a travel purchase on your card.

Below average introductory offer

If you’re eyeing a large purchase, the BankAmericard Travel Rewards credit card comes with a zero percent APR for purchases for the first 12 billing cycles. Make sure you can pay off the balance in the first year, since this is a short introductory period compared to many cards, and the regular APR is high. If you’re more interested in financing a new purchase than reaping travel rewards, you may want to shop around a little, since there are many cards with lower APRs and introductory periods of 15 months or longer.

Good earning scheme

You get 1.5 points for every purchase, and you don’t need to keep track of special categories or quarterly bonuses. This is not the best earning scheme out there – there are many cards on the market that enable you to build up bonus points on special categories of spending, and even a few cards that offer a higher general rewards rate. However, the simplicity of this card is hard to beat.

Flexible redemption options

The BankAmericard Travel Rewards card shines in the flexibility of its redemption options. There are no point limits or blackout dates and points don’t expire. Best of all – you can book travel with any travel site or service and redeem the purchase for rewards points at a ratio of 100 points to $1, as long as the purchase is $25 or more. There are few other cards that allow you to spend rewards points for travel on outside sites, and even fewer that combine this flexibility with no annual fee and a large sign-up bonus.

Earn more with Bank of America Travel Center

The card also offers a bonus for redeeming rewards directly through the Bank of America Travel Center. You earn an additional 1.5 points for every dollar spent there.

Higher earning rate for banking customers

The card may be especially valuable to current Bank of America customers. If you have a Bank of America banking account – or you are a client of Merrill Edge, Merrill Lynch – you can earn between 10 percent and 75 percent additional points on purchases. Points are meted according to the following tiers:

  • Any account: 10 percent or 1.65 points on a dollar.
  • Gold ($20,000-$50,000 balance) – 25 percent or 1.87 points.
  • Platinum ($50,000-$100,000 balance) – 50 percent or 2.25 points.
  • Platinum Honors ($100,000-plus balance) – 75 percent or 2.62 points.

Good travel benefits

Since this is a Visa Signature card, you get some nice travel perks, including discounts and deals and a car rental collision waiver. There is no foreign-transaction fee, which means you can use the card anywhere in the world without having to pay an extra 3 to 4 percent. Also, while it’s not a specific BankAmericard Travel Rewards credit card benefit, Bank of America customers get free access to a plethora of fine museums around the country on the first weekend of every month.

Reasons to get it:

  • You appreciate a generous sign-up bonus and good earning scheme.
  • You want simplicity in earning rewards.
  • You’re already a Bank of America customer or plan to become one.
  • You frequently travel abroad and want a card with PIN functionality and no foreign-transaction fee.

How to use it:

  • Make sure to spend $1,000 in the first three months to get the bonus.
  • Redeem points for a credit statement rather than cash or credit cards to get the best points value.
  • Consider purchasing travel at the Bank of America Travel Center – as long as the price is comparable to other sources – to earn double bonus points.

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