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Bank of America® Travel Rewards credit card review

Published: February 12, 2019

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Published: February 12, 2019

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Ratings Policy
Rewards Rating:
3.4 rating
3.4 rating
3.4 / 5
Rewards Value: 2.6
Annual Percentage Rate: 3.3
Rewards Flexibility: 4.6
Features: 2.0
Customer Experience 2.1

In a Nutshell:

You can travel anytime you want with this flexible travel card: The Bank of America Travel Rewards credit 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 points per dollar on every purchase

Sign-up Bonus
25,000 online points after spending $1,000 in first 90 days

Annual Bonus

Annual Fee

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

17.24-25.24% (variable)

Rewards Redemption

  • 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


  • Cash redemption is only 0.006 cents per point

Customer Experience

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 Bank of America 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 25,000-point sign-up bonus, a high earning scheme of 1.5 points for every dollar of general spending 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 Bank of America Travel Rewards credit card is one of the best.

Good sign-up bonus

You get 25,000 online bonus points (which can be redeemed for a statement credit toward travel purchases) after spending $1,000 on purchases 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.

Good earning scheme

You get 1.5 points per dollar 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 Bank of America 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.

Those top tiers are hard to reach though. “That isn’t going to be an option for a lot of people”, says Kailey Fralick from The Simple Dollar. “But if you are one of the lucky few who can secure this rate, you’ll be hard-pressed to find a better deal.”

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 Bank of America 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.

Why get the Bank of America Travel Rewards card?

  • 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 the Bank of America Travel Rewards card:

  • Make sure to spend $1,000 in the first 90 days of account opening to get the 25,000- point sign-up 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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All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

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