Bank of America Travel Rewards Credit Card Review [2021]: Unlimited Rewards and No Fees

Bank of America Travel Rewards Credit Card offers a simple rewards system. But is it as good as other travel credit cards?
Last updated Oct 28, 2021 | By Kevin Payne

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Who doesn’t love travel rewards? With the Bank of America Travel Rewards Credit Card, cardholders can earn unlimited rewards points at a fixed rate. This credit card features a simple and straightforward rewards program, which is a plus for many cardholders. But how do its rewards compare to the rewards you can earn with other credit cards?

If you're thinking about applying for the Bank of America Travel Rewards Credit Card, this review will help you decide if it's right for your wallet.

Easy-to-Earn Unlimited Rewards

Bank of America Travel Rewards Credit Card

Bank of America Travel Rewards Credit Card

Bank of America Travel Rewards Credit Card

Intro Offer

25,000 points

Annual Fee

$0

Rewards Rate

1.5X points

Benefits and Drawbacks

Benefits

  • 25,000 bonus point offer
  • 0% intro APR on purchases for first 15 billing cycles
  • Earn 1.5X points on all purchases
  • No foreign transaction fees

Drawbacks

  • Best for Bank of America customers
Card Details
  • Earn 25,000 points after spending $1,000 in the first 90 days
  • 1.5X points on all purchases everywhere, every time
  • Intro purchase 0% offer: 0% for 15 statement closing dates then 13.99% to 23.99% (variable)

In this Bank of America Travel Rewards Credit Card review:

Who should get the Bank of America Travel Rewards Credit Card?

Individuals looking for a simple and straightforward rewards program will like the Bank of America Travel Rewards Credit Card. With fixed rewards of 1.5X points on all purchases everywhere, every time, there’s no need to worry about spending in specific categories to maximize your rewards.

If you’re already a Bank of America customer, this travel credit card is a sensible option — especially if you qualify for their Preferred Rewards distinction. Preferred Rewards members can earn even more points. (More on that later!)

If you’re looking to maximize travel rewards or receive the best travel perks available, you might be better off with one of the best travel credit cards, even if it carries an annual fee. Some cards offer a higher earnings rate on certain purchases. Still, the Bank of America Travel Rewards card is a decent option, especially if you earn Preferred Rewards status.

Card basics

Card type Travel
Credit card issuer Bank of America
Credit card network Visa
Annual fee $0
Welcome offer Earn 25,000 points after spending $1,000 in the first 90 days
Reward rate 1.5X points on all purchases everywhere, every time
Recommended credit score Excellent, Good
Intro APR 0% APR for 15 statement closing dates (then 13.99% to 23.99% (variable))
Foreign transaction fee None

Bank of America Travel Rewards Credit Card benefits and perks

  • Generous welcome bonus: New cardmembers can earn 25,000 points after spending $1,000 in the first 90 days of account opening.
  • Introductory APR offer: Take advantage of Bank of America’s introductory 0% APR for 15 statement closing dates (then 13.99% to 23.99% (variable)). Consider using this card for large purchases or funding travel that you want to pay back over time.
  • Visa Signature perks: The Bank of America Travel Rewards Card is part of the Visa Signature card collection, and it comes with valuable benefits like concierge service, extended warranty protection, lounge access, cell phone protection, and more.
  • Annual fee: There’s a $0 annual fee with the Bank of America Travel Rewards Credit Card.
  • Credit score access: You can opt-in to receive your FICO Score every month for free. Access your credit score through your account online or through the Bank of America mobile banking app.

Drawbacks to the Bank of America Travel Rewards Credit Card

  • Low earnings rate: While the Bank of America Travel Rewards Card does offer 1.5X points on all purchases everywhere, every time, which is decent for a $0-annual-fee-card, lots of other travel cards provide a higher rewards rate. 
  • No intro APR on balance transfers: This card does not come with an introductory offer on balance transfers. It does allow you to do a balance transfer, but you'll pay the regular variable APR on the transferred amount. 

Earning & redeeming Bank of America rewards

Potential earnings in years one and two

Here's a look at how your points can add up with the Bank of America Travel Rewards Credit Card. To calculate these values, we used a point valuation of one cent.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $753

Year two earnings: $503

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at points earned via spending, the welcome offer, and the annual fee. They don't account for any bonus rewards you might earn when you book trips through the Bank of America Travel Center or the added value you could get if you qualify for Bank of America’s Preferred Rewards program. 

Best ways to earn

Earning rewards is simple with this Bank of America credit card; cardmembers earn a flat-rate 1.5X points on all purchases everywhere, every time. There are no bonus spending categories, which is great for people who like travel rewards but don’t want to devote time to activating different categories each quarter. You simply earn straightforward rewards, whether you're spending on takeout, gas, or at the grocery store.

Frequent travelers can maximize their earnings by booking travel through Bank of America’s Travel Center. All qualifying travel purchases made on your card through their Travel Center earn 3 points per dollar spent (1.5X points and 1.5X online bonus points).

If you qualify for Bank of America’s Preferred Rewards program, you can achieve higher earning rates. To qualify, you need to be a Bank of America customer or have an investment account through Merrill. With this 3-tiered program, you can earn a 25% to 75% rewards bonus, depending on your status. Your specific tier is based on your three-month average combined balance of Bank of America bank accounts and/or Merrill investment accounts.


Bonus percentage Rewards rate Rewards rate for Travel Center purchases
Normal spending N/A 1.5X points 3 points
Gold Preferred

(balances of $20k to $50k)

25% 1.875X points 3.75 points
Platinum Preferred (balances of $50k to $100k) 50% 2.25X points 4.5 points
Platinum Honors (balances of $100k+) 75% 2.625X points 5.25 points

Maximizing your redemptions

The Bank of America Travel Rewards Credit Card doesn’t require that you use a specific website or service to redeem points for travel. Simply book trips using your credit card and redeem points for a travel statement credit for hotels, flights, car rentals, cruises, vacation packages, baggage fees, and more. Plus, you can enjoy flexibility with no blackout dates or restrictions.

With this card, you need to accumulate at least 2,500 points in order to redeem them for travel credits. Points are valued at $0.01 each when used for travel credits. Cardholders can also use their points for cash rewards — but redemptions start at 2500 points for $15, making the value only $0.006 per point. If you prefer to redeem your points for cash rewards, you can request a check or a deposit account credit to an eligible Bank of America or Merrill Cash Management account.

You can also redeem your Bank of America points for gift cards. However, the redemption value varies depending on the gift card.

Bank of America Travel Rewards Credit Card FAQs

Is the Bank of America Travel Rewards Card a good card?

The Bank of America Travel Rewards card may be a good travel credit card for people who want simple rewards and redemption options. This card can also be a great option for current Bank of America customers. However, some premium credit cards offer higher earning rates.

How much are Bank of America rewards worth?

The total value of your Bank of America rewards will depend on the redemption option you choose. Bank of America rewards points are worth $0.01 each when redeemed for travel. Points are worth $0.006 each when redeemed for cash back.

How do I book a flight with Bank of America travel rewards?

You can book flights through the Bank of America Travel Center, or directly through airlines or other travel sites, and then redeem your points for statement credits. This can be a great way to offset the cost of your travel expenses.


Other cards to consider

While the Bank of America Travel Rewards Credit Card can be a good option for some travelers, it's not the best credit card for everyone. If you’re looking for a premium rewards credit card, the Chase Sapphire Preferred gives you more bang for your buck than the Bank of America Travel Rewards Card. A favorite among Chase fans, this card does carry a $95 annual fee, but new cardmembers can earn 60,000 points after spending $4,000 on purchases in the first 3 months. That's $750 in travel rewards if you redeem through Chase Ultimate Rewards.

Read our full Chase Sapphire Preferred review.

Another solid alternative is the Discover it Miles Credit Card. Similar to the Bank of America card, this credit card offers 1.5X miles points per dollar spent and a $0 annual fee. However, Discover will match the miles you earn in the first year as a new cardmember. New cardholders also enjoy a 0% intro APR on purchases for the first 14 months (then 11.99% to 22.99% (variable)).

Read our full Discover it Miles Credit Card review.

Easy-to-Earn Unlimited Rewards

Bank of America Travel Rewards Credit Card

Bank of America Travel Rewards Credit Card

Bank of America Travel Rewards Credit Card

Special Offer

Earn 25,000 points after spending $1,000 in the first 90 days

See how these cards compare:

Chase Sapphire Preferred
Chase Sapphire Preferred
  • 60,000 point sign-up bonus
  • 5X points on travel booked through Chase Ultimate Rewards
  • 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
  • 10% anniversary point bonus each year
  • $50 annual credit on hotel stays booked through Ultimate Rewards
  • Premium travel protection benefits
Discover it Miles
Discover it Miles
  • 1.5X Miles on all purchases
  • 0% intro APR on purchases for first 14 months
  • Mile matching for the first year
  • No foreign transaction fees

Author Details

Kevin Payne Kevin Payne is a freelance writer specializing in student loans, credit cards, personal finance, and travel. He is a regular contributor to Club Thrifty, Millennial Money, and Student Loan Planner. As the budget and family travel expert behind FamilyMoneyAdventure.com, Kevin recently turned his writing side hustle into his full-time career. He lives in Cleveland, Ohio, with his wife and four kids.