Home » Credit Card Reviews » Bank of America Travel Rewards Credit Card Review – Up to 2.6x Points on Everything

Bank of America Travel Rewards Credit Card Review – Up to 2.6x Points on Everything

Bank of America Travel Rewards Credit Card Review – Up to 2.6x Points on Everything

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Oct 01, 2018. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Who should get this card?

In general, the Bank of America® Travel Rewards Visa® credit card is a great no annual fee option for someone looking for a simple card for all spending or a credit card that will easily complement another credit card with bonus categories. The Bank of America® Travel Rewards Visa® credit card is also a great option if you are looking for a $0 annual fee credit card that earns decent rewards that can be applied towards travel purchases.

Having significant investments ($20,000+) with Bank of America or Merrill accounts will increase earning rates for this credit card, so if you fall into this category it is definitely worth considering the Bank of America® Travel Rewards Visa® credit card.

  • Earn unlimited 1.5 points per $1 spent on all purchases

  • 0% Introductory APR on purchases for 12 billing cycles

  • 16.74% - 24.74% Variable APR on purchases and balance transfers

Highlights
  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
  • Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions
  • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
  • Comes with chip technology for enhanced security and protection at chip-enabled terminals
  • 0% Introductory APR for 12 billing cycles for purchases. After the intro APR ends, 16.74% - 24.74% Variable APR will apply
  • If you're a Preferred Rewards member, you can earn 25% - 75% more points on every purchase

See additional details for Bank of America® Travel Rewards Visa® credit card

More Info

How it works for travel

When you are ready to redeem your points for a travel purchase, all you need to do is make the travel purchase with your Bank of America® Travel Rewards Visa® credit card and use your points to reimburse the purchase as a statement credit.

What counts as travel?

Bank of America classifies the following categories as travel purchases:

  • Airlines, air carriers
  • Lodging – hotels, motels, resorts
  • Car rental agencies
  • Cruise lines
  • Taxicabs and limousines
  • Travel agencies and tour operators
  • Passenger railways
  • Transportation – suburban and local commuter passenger, including ferries
  • Bus lines
  • Transportation services – not otherwise classified
  • Real estate agents and managers – rentals
  • Timeshares
  • Campgrounds and trailer parks
  • Tourist attractions and exhibits
  • Art dealers and galleries
  • Amusement parks, carnivals, circuses, fortune tellers
  • Aquariums, dolphinariums, zoos, and seaquariums
  • Boat leases and rentals
  • Recreation services – not otherwise classified

Up to 75% more points with Bank of America Preferred Rewards

You can earn an even higher bonus if you qualify for Bank of America’s Preferred Rewards Program. In order to qualify, you need to have at least $20,000 invested with Bank of America or Merrill. Merrill is a great way to get access to these benefits without having to go into a Bank of America branch as will also give you access to low fee index funds.

A 25% bonus on rewards earned would make this card effectively 1.875% cash back when you redeem your points for travel purchases.
A $50,000+ investment will qualify you for the Platinum program with the following benefits:

A 50% bonus would effectively make this card a 2.25% cash back card as long as you redeem your points toward travel purchases.

With a 75% rewards bonus, the Bank of America® Travel Rewards Visa® credit card would give you 2.625% back on purchases as long as you redeem your points toward travel purchases.
If you don’t already have money invested with Bank of America or Merrill, it most likely will not make sense to move your money in order to get a higher bonus on your credit card rewards. However, if you don’t have an account with BoA at all, opening a checking or savings account is a very easy way to boost your credit card rewards.

3x points at the BofA travel site

If you book your air travel through the Bank of America travel site, you can double the points you are earning. On your first $6,000 of airfare purchases made through the Bank of America travel site, you will earn 3 points per dollar spent instead of the regular Earn unlimited 1.5 points per $1 spent on all purchases.

Real chip + PIN for international travel

The Bank of America® Travel Rewards Visa® credit card is great, especially for traveling in Europe. It is a true Chip + PIN card, which means that you won’t have a problem buying train and subway tickets from the un-manned kiosks in Europe. Of course, don’t forget to memorize your PIN before you leave or it won’t do you much good!

What’s missing from this card?

The biggest thing missing from the Bank of America® Travel Rewards Visa® credit card credit card is any sort of travel protection. Many competing cards offer some sort of trip delay, cancellation, lost and delayed baggage, and/or trip accident insurance. There are also other cards available that will probably give you more back for your spending. We’ve compared quite a few different cards below.

How does it compare to other cards?

Points earned is based on $1,500 total per month of spending in the following categories:

  • $200 gas
  • $400 groceries
  • $100 restaurants
  • $100 travel
  • $700 other

Make sure to compare the following credit cards after considering your own spending patterns, and you can use your calculator to see which no annual fee travel credit cards will earn you the most rewards.
When paying with your Bank of America® Travel Rewards Visa® credit card, you will earn Earn unlimited 1.5 points per $1 spent on all purchases. In a month, based on the spending pattern presented above, you will earn 2,250 points. In a year, you would earn 27,000 points – redeemable for $270 toward travel purchases.

vs Discover it® Miles

  • We'll match all the Miles you've earned at the end of your first year.*

  • 1.5 Miles per $1 Spent*

  • Redeem your Miles as a statement credit towards travel purchases*

Highlights
  • UNLIMITED BONUS: Discover will match ALL the Miles you’ve earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel! The more you earn, the more you get.
  • Earn unlimited 1.5x Miles for every dollar spent on all purchases - with no annual fee.
  • No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
  • Miles Pay You Back. Easily redeem Miles as a statement credit for travel purchases. Or get cash.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • See Rates & Fees

See additional details for Discover it® Miles

More Info

The Discover it® Miles also earns Unlimited 1.5x Miles for every dollar spent on all purchases - with no annual fee. The equates to $270 over the course of the year when you redeem your points toward travel purchases, according to the spending pattern outlined above. You don’t need a minimum amount of miles in order to redeem them, which is a nice benefit that the Bank of America® Travel Rewards Visa® credit card does not have.
A huge bonus of the Discover it® Miles is that Discover is currently matching all miles earned for the first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel.  The Discover it® Miles has a $0 annual fee.

vs Chase Sapphire Preferred® Card

  • 60,000 bonus points

  • 2X points on travel and dining

  • 1:1 point transfer to leading airline and hotel loyalty programs

Highlights
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel

See additional details for Chase Sapphire Preferred® Card

More Info

The Chase Sapphire Preferred® Card 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. According to the spending pattern above, you would earn 1,300 Ultimate Rewards points per month and 15,600 Ultimate Rewards points per year.
While this is less points earned than through the Bank of America® Travel Rewards Visa® credit card, Ultimate Rewards points are often more valuable. These points can be transferred to a number of hotel and airline transfer partners including United and Hyatt. The Chase Sapphire Preferred® Card also offers valuable trip cancellation, delay, lost/delayed baggage, and primary car rental coverage insurance that is not provided by the Bank of America® Travel Rewards Visa® credit card.
Bank of America® Travel Rewards Visa® credit card and Chase Sapphire Preferred® Card is a great combination if you are willing to manage two credit cards. This way, you can book tickets with your miles earned from the Chase Sapphire Preferred® Card and use your Bank of America® Travel Rewards Visa® credit card to pay the taxes on the award ticket. If you do this, you will be able to use your BoA points to reimburse the taxes from your flights. The Chase Sapphire Preferred® Card has an annual fee of $95.

vs Citi® Double Cash Card – 18 month BT offer

  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.

  • 0% for 18 months on Balance Transfers

  • 15.74%– 25.74% (Variable)

Highlights
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.74%– 25.74% based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • The standard variable APR for Citi Flex Plan is 15.74%– 25.74% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

See additional details for Citi® Double Cash Card – 18 month BT offer

More Info

The Citi® Double Cash Card – 18 month BT offer is another easy card with no bonus categories to keep track of. You’ll always Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. This works out to double cash on all purchases.
Over the course of a year, you’ll earn $360 in cash back that can be applied to your travel purchases or any other purchases you make. The Citi® Double Cash Card – 18 month BT offer does not have an annual fee and also grants you some trip cancellation, interruption, travel accident, and car rental insurance benefits.

vs Chase Freedom®

  • Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.

  • 0% Intro APR on purchases and balance transfers for 15 months

  • 16.74% - 25.49% Variable

Highlights
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit JourneySM

See additional details for Chase Freedom®

More Info

The Chase Freedom®, like the Chase Sapphire Preferred® Card, earns Ultimate Rewards points. A huge difference, however, is that Ultimate Rewards earned with the Chase Freedom® cannot be transferred to airline and hotel transfer partners unless you have a premium Chase credit card like the Chase Sapphire Preferred® Card, or Chase Sapphire Reserve®.

The Chase Freedom® Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases. Gas, groceries, and restaurants often make an appearance at least once a year – we will assume this for our calculations.
Over the course of a year, according to the spending pattern we outlined above, you would earn 17,800 Ultimate Rewards points. If you do not have a premium Chase credit card, these points can be redeemed for $178 in cash back, but if you do have a premium Chase credit card these points can be transferred to Chase’s airline and hotel partner programs. The Chase Freedom® has a $0 annual fee.

vs Citi ThankYou® Preferred Card for College Students

  • 0% for 7 months on Purchases*

  • Earn 2X Points on Dining Out & Entertainment

  • 16.49% - 26.49%* (Variable)

Highlights
  • Enjoy 0% Intro APR for 7 months on purchases from date of account opening; after that the variable APR will be 16.49% - 26.49% based upon your creditworthiness*
  • Earn 2,500 bonus points after spending $500 in purchases within the first 3 months of account opening
  • 2,500 ThankYou® Points are redeemable for $25 in gift cards, electronics and other great rewards when redeemed at thankyou.com
  • Earn 2X Points on Dining Out & Entertainment
  • Earn 1X Points on All Other Purchases
  • No expiration and no limit to the amount of points you can earn with this card
  • No annual fee*

See additional details for Citi ThankYou® Preferred Card for College Students

More Info

The Citi ThankYou® Preferred Card for College Students earns Earn 2X Points on Dining Out & Entertainment and Earn 1X Points on All Other Purchases.

Citi considers ‘entertainment’ to consist of the following: live entertainment, theatrical productions, concerts, live sporting events, movie theaters, amusement parks (including zoos, aquariums, circuses, and carnivals), tourist attractions (including museums and art galleries), record stores, video rental stores, and on-demand internet streaming media. We will assume that one quarter of your travel expenses would fall into this category.

Your Citi ThankYou® points can be transferred to airlines and hotels that Citi partners with if you have a premium Citi card like the Citi Premier℠ Card or the Citi Prestige® Credit Card. If you don’t, you’ll only be able to redeem your ThankYou® points for cash back at a rate of one cent each. The points you earned over the course of the year would be worth $167.50.

The information related to the Citi Prestige® Credit Card and the Citi ThankYou® Preferred Card for College Students has been collected by CompareCards and has not been reviewed or provided by the issuer of this card.  These offers and/or promotions may have since changed, expired, or are no longer available.

vs Wells Fargo Propel American Express® card

The Wells Fargo Propel American Express® card allows users to Earn 3X points on eating out and ordering in, 3X points on gas stations, rideshares and transit, and 3X points on travel including flights, hotels, homestays and car rentals. Earn 1X points on other purchases. Over the course of a year, you will be able to earn 24,000 points according to the spending outline we presented above.
When you redeem your points, they are worth one cent each if you want cash. This means that you’ll have earned $240 back in a year. If you instead use your points to book travel via Wells Fargo’s GoFarRewards site, they will be worth 1.5 cents each giving you a total value of $360 in a year. The Wells Fargo Propel American Express® card is Chip + PIN, but is also an American Express card, so it will have lower acceptance abroad. This credit card has a $0 annual fee.

Questions and Answers

What does it take to be approved?

In order to get approved for the Bank of America® Travel Rewards Visa® credit card, you typically need to have an Excellent/Good credit score.

Do points expire?

Points earned from the Bank of America® Travel Rewards Visa® credit card will never expire as long as you have the card account open and in good standing.

Can you transfer or combine points?

Points cannot be transferred or combined with those of another person.

What is the minimum number of points to redeem?

Redemptions start at 2,500 points – equivalent to $25 when redeemed toward a travel purchase.

How far back can you redeem travel credit?

You can redeem your points toward travel purchases up to 12 months after the purchase was made.

Can you use points for cash back?

It is possible to use your Bank of America® Travel Rewards Visa® credit card for cash back instead of applying them toward a travel purchase, but you won’t get as much value out of your points if you do this. When you redeem your points toward a travel purchase, each point is worth one cent. If you want to redeem your points for cash back, each point is only worth 0.6 cent.

What airlines can you book with points?

Any airline ticket can be booked. All you need to do is pay for the airfare with your Bank of America® Travel Rewards Visa® credit card, and use your points to reimburse the purchase in the form of a statement credit.

Can you use these points with airline miles?

No. Points earned through the Bank of America® Travel Rewards Visa® credit card are different from frequent flyer miles. You can’t combine your Bank of America® Travel Rewards Visa® credit card rewards points with your frequent flyer miles or points earned through another bank.

Is there a small business version?

There is a small business version of the Bank of America® Travel Rewards Visa® credit card, but it is slightly different than the personal version of the card. The Bank of America® Business Advantage Cash Rewards Mastercard® credit card earns 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.

Is there trip cancellation insurance or trip delay coverage?

The Bank of America® Travel Rewards Visa® credit card does not offer trip cancellation insurance or trip delay coverage. If this is a benefit you are looking for in a credit card, consider the Chase Sapphire Preferred® Card or Citi Premier℠ Card as great alternatives.

Check out the top credit card bonus mile offers here.


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