Bank Of America Travel Rewards Credit Card Benefits Guide – Our editorial team and expert review board work together to ensure informed, relevant content and unbiased analysis of the products we offer. The editorial content on our site is independent of our affiliate partners and represents our sole and unbiased opinion. Learn more about our partners and how we make money.
The Bank of America Travel Rewards and Bank of America Cash Rewards cards are two great rewards cards with no annual fees — find out which one is best for you.
Bank Of America Travel Rewards Credit Card Benefits Guide
The content of this page is correct as of the date of publication. However, some of our affiliate offers may expire. Browse our list of the best credit cards or use our CardMatch™ tool to find cards that fit your needs.
Do Bank Of America Points Expire?
Bank of America is taking customer loyalty to the next level with two credit cards that reward your spending habits and offer unique benefits you won’t often find anywhere else. The rewards rates on both the Bank of America® Travel Rewards Credit Card and the Bank of America® Custom Cash Rewards are better than what you might expect from cards with no annual fees.
While both cards can be valuable for different lifestyles, they are especially useful for those who also have checking or savings accounts at Bank of America. Bank of America Preferred Rewards customers (who meet certain account balance requirements) can earn up to 75% rewards boost with any card.
The Travel Rewards Card earns 3 points on travel booked through the Bank of America Travel Center and 1.5 points per dollar on every purchase.
The Custom Cash Rewards Card earns 3% cash back in categories you select (gas, online shopping, dining, travel, drugstore, home improvement/equipment), 2% cash back on grocery and wholesale club purchases. back, and 1% cashback. On other purchases. However, note that your rewards in the 3% and 2% categories are limited to $2,500 in combined spending per quarter, after which they decrease to 1%.
Bank Of America Travel Rewards Credit Card: Travel Rewards With No Annual Fee
Moneyback or Points: That’s the question. It really depends on whether you prefer to earn points that you can convert to statement credits or use for travel, or if you want to earn straight cash.
Bank of America Travel Rewards offers a sign-up bonus of 25,000 points if you spend $1,000 in the first 90 days. Bank of America travel points cost 1 percent per point, so 25,000 points equals $250. Not a bad signup bonus, considering this card doesn’t charge an annual fee.
For an introductory cashback card, Bank of America’s Custom Cashback is pretty generous with a $200 welcome bonus if you spend $1,000 in the first 90 days. It’s not the best cash back credit card out there, but it’s not the worst. Plus, it’s easy for many cardholders to spend $1,000 in 90 days.
You can redeem your points through the Bank of America Travel Center as cash rewards (starting at 0.6 cents per point) and gift cards (variable point value). You can even redeem your points in the past for travel booked on a third-party website or dining purchases made in the past 12 months.
Best Student Credit Cards Of September 2022
The Bank of America Custom Cash Rewards Card also offers variable redemption options. Unlike some cash back cards that only allow you to redeem rewards for credit generated, Bank of America allows you to choose to transfer cash back to another account, redeem it for credit, or choose a check in the mail. Gives.
Both Bank of America cards can earn you great rewards if you qualify for Bank of America’s Preferred Rewards program. Basically, if you have a significant deposit in a Bank of America checking or savings account or a Merrill investment account, you can increase your rewards rate by 25%, 50%, or 75%, depending on your degree. Should.
For the Bank of America Travel Rewards Card, if you qualify for the lowest tier, Gold, your points will increase to 1,875 per $1. For Bank of America Adjusted Cash, you’ll earn 1.875% if you qualify for Gold.
Bank of America Travel Rewards charges no annual fee, earns a flat rate of points on all purchases, and lets you spend points on travel through its travel portal. What more could you ask for in a travel startup credit card?
Bank Of America: Should I Get The Bankamericard Travel Rewards Card?
The card broadly defines “travel,” meaning you can redeem your points for flights, hotels, vacation packages and more. Because you’re not limited to the number of travel partners, your rewards count the same no matter which airline you fly with or which hotel you stay at.
We recommend using this card to quickly earn points for most (or even all) travel expenses, as the 1.5X points are relatively low compared to other travel cards. Another incentive to use the Travel Rewards card as your primary travel card is to earn 3 points per dollar spent when you book through the Bank of America Travel Center. And of course, don’t forget to earn 25,000 bonus points to maximize the card’s value.
Sometimes it’s hard to predict which categories you’ll spend more in, but the Bank of America Custom Cash Rewards Card offers the flexibility to maximize your future spending in up to six categories for 3% cash back. . Another great advantage is that you can change categories once a month.
This card is most attractive to cardholders who want to earn bonus cash on online purchases or gas. The 2% cash back at grocery stores and wholesale clubs is ridiculous, ideal for families who spend a lot on gas and food. However, keep in mind that rewards in the 3% and 2% categories are capped at $2,500 per quarter (then you’ll earn 1%).
Bank Of America Travel Rewards Review: Easy Rewards For Easy Travel
When it comes down to it, the Bank of America Cash Back Card is a better card for all seasons. It has eight bonus categories that earn 3% or 2% of daily base spend, six of which you can change each month. You can use it as your primary card for all purchases, or just for gas or groceries, and it’ll still give you great value.
The Bank of America Travel Rewards Card is great as an introductory travel card in addition to your other major cards. We recommend it for casual travelers, but not for serious globe-trotters.
The editorial content of this site is based entirely on the objective judgment of our authors and is not driven by advertising dollars. Not provided or ordered by the credit card issuer. However, we may receive compensation when you click on links to our partners’ products.
Stay up to date on the latest credit card news, from product reviews to credit tips, with our twice-weekly newsletter delivered to your inbox.
Bank Of America Travel Rewards Credit Card Review
Depending on your goals and priorities, switching products or a new application may make sense. But if you’re not looking for another Chase card anytime soon, the new Freedom Flex app could seriously pay off.
If you’re trying to decide between the Chase Sapphire Reserve and the Amex Platinum, the best card for you likely comes down to the transfer partners you want access to, as well as the benefits you want.
Is an independent, ad-supported comparison service. The offers appearing on this page are from the companies they receive compensation from. This compensation may affect how and where products appear on this site, including, for example, the order in which they may appear within categories. Other factors, such as our site policies and an applicant’s likelihood of being approved for credit, also affect how and where products appear on this site. It does not cover the entire universe of available finance or credit offers.
CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Best Credit Cards For Plastiq Bill Payments (updated W/ 2.85% Fee)
Since 2004, he’s been working to break down the barriers that stand between you and your perfect credit card. Our team consists of diverse individuals with extensive experience and complementary expertise. From industry experts to data analysts and of course credit card users, we are fully equipped to provide you with the best advice and the latest information on the world of credit cards.
Let’s face it – there’s a lot of talk and high-level talk in the credit card industry. Our experts know the ins and outs of credit card applications and policies so you don’t have to. With tools like CardMatch™ and detailed advice from our editors, we offer you digestible information so you can make informed financial decisions.
Our main goal is simple: We want to help you narrow down your search so you don’t have to stress about finding your next credit card. Every day, we strive to give you peace of mind as you work toward your financial goals.
A dedicated team of editors oversees the automated content production process – from ideation to publication. Well done to these editors
Bank Of America Bankamericard Secured Credit Card Review
Bank of america cash rewards credit card benefits, bank of america premium rewards credit card, bank of america travel rewards card benefits, bank of america travel rewards card benefits guide, bank of america travel rewards credit card benefits, bank of america travel rewards benefits guide, bank of america cash rewards credit card benefits guide, bank of america travel rewards credit card review, bank of america travel rewards credit card, bank of america cash rewards credit card travel benefits, bank of america travel rewards card, bank of america cash rewards credit card