Bank Of America Travel Rewards Credit Card Review With Pro And Cons – 22 Points

1. Bank of america travel rewards card is good travel card with no annual fee and decent flat rate rewards on all purchases. It is more rewarding if you are bank of america banking customer.

2. Annual Fee:

$0

3. Rewards Rate:

1.5 points per dollar on every purchase.
3 points per dollar spent on eligible travel booked through the Bank of America Travel Center.

4. Sign Up Bonus:

25,000 bonus points after spending $1,000 within 90 days of opening an account.

5. Regular APR:

17.24% – 25.24% Variable APR

6. Intro Apr on Purchase:

0% on Purchases for 12 billing cycles

7. Intro APR Balance Transfers:

N/A

8. Credit Needed:

670 – 850 Good to Excellent

9. Balance Transfer Fee:

3% Min $10

10. APR for Cash Advances:

20.24% to 27.24%

11. Penalty APR:

Up to 29.99 %

12. Cash Advance Fee:

3% Min $10

13. Foreign Transaction fee:

None

14. Late Payment:

Up to $39

15. Pros:

No annual fee
No Foreign transaction fee
Intro apr for purchase
Great sign up bonus – 25000 points ($250)
Higher reward rate for bank of america preferred rewards member
Many ways to redeem points
Good flat reward rate on all purchase

16. Cons:

No bonus reward categories.
No intro balance transfer offer
No major travel perk
If you are ready to pay annual fee there are cards with higher reward rate.

17. Customer Experience:

24/7 customer service?:
No
Online chat available?:
Yes
Google Play Store mobile app rating:
4.5/5
Apple Store mobile app rating:
4.6/5

18. Other Details:

Car rental insurance
Add PIN for international travel
Visa Signature benefits
car rental insurance
Roadside dispatch
Lost luggage insurance
Concierge services
Purchase security

19. Why You Should Get Bank Of America Travel Reward Credit Card:

If you are looking for good sign up bonus with no annual fee travel card.
If you are bank of america or Merrill Lynch account holder and can boost reward rate with preferred rewards.
If you like flat rate card.

20. Why You Should Not Get This Card:

If you want to maximise your rewards and you are not preferred rewards client.

21. No blackout dates or restrictions when booking your trip.

Points don’t expire.
No limits on how many points you can earn.

22. Preferred Rewards program:

 

Gold

Platinum

Platinum Honors

Required balance

$20K to < $50K

three-month average combined balance

$50K to < $100K

three-month average combined balance

$100K+

three-month average combined balance

Credit card rewards bonus

25%

rewards bonus on eligible Bank of America credit cards

50%

rewards bonus on eligible Bank of America credit cards

75%

rewards bonus on eligible Bank of America credit cards

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