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Bank of America is among the most well-known banks in the world. It serves 69 million US consumer and small business clients and offers award-winning digital capabilities, with approximately 58 million digital users.
The Bank of America® Travel Rewards Credit Card provides 1.5 points for every $1 you spend on anything, and the points never expire as long as your account remains open. It has no annual or foreign transaction fee.
This card is best for those who want to earn travel rewards points every time they make a purchase without paying an annual or foreign transaction fee. People who travel and frequently take flights, stay in hotels, rent cars, and dine out will appreciate the card's benefits.
The Bank of America® Travel Rewards Credit Card features no annual fee and doesn’t charge a foreign transaction fee. There’s a 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 17.74% - 27.74% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%. Balance transfers may not be used to pay any account provided by Bank of America.
Annual fee | $0 |
Interest rate | 17.74% - 27.74% Variable |
Late payment penalty fee | See Terms |
Balance transfer fee | 3% for 60 days from account opening, then 4% |
The Bank of America® Travel Rewards Credit Card gets you 1.5 points for every $1 you spend. There are no limits to the points you can earn, and they’re earned on every purchase. Each point is the equivalent of $0.01.
Earn 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.
Bank of America Preferred Rewards members can earn even more points (an additional 25% - 75%) based on their tier. This means instead of getting 1.5 points, members earn 1.87 - 2.62 points for every dollar spent.
To become a member, you must have a certain average daily balance within your deposit and/or investment accounts with the company. Here is a breakdown of the different tiers, along with how many more points they earn:
Gold tier members need $20,000 to $50,000 and earn 25% more points
Platinum tier members need $50,000 to $100,000 and earn 50% more points
Platinum Honors tier members need $100,000 to $1,000,000 and earn 75% more points
Diamond Honors tier members need $1,000,000+ to earn 75% more points
Applying for a Bank of America credit card online is quick and easy. It only takes a few minutes to fill out the form, and it asks for your:
Name
Address
Phone number
Social security number
Date of birth
Employment and income details
Using the information you provide and a credit check, Bank of America will approve or deny your application. If your application is approved, you’ll receive your card within 10 business days.
Customer support is offered over the phone, via email, live chat, or social media platforms like Facebook and X. Getting assistance is easy, and plenty of helpful FAQs and an extensive help center are available online.
While assistance for lost and stolen credit cards is available around the clock, generally, the customer service hours for Bank of America are as follows:
Mon-Fri, 8 a.m.-9 p.m. ET
Saturday, 8 a.m.-8 p.m. ET
Sunday, 8 a.m.-5 p.m. ET
Bank of America has several security measures in place to keep customers safe. The website uses SSL encryption, and the company allows for the use of both two-factor and biometric authentication to protect accounts.
It has a detailed privacy policy, lets you control how your data is shared, and sets custom alerts that let you keep tabs on your account at all times.
The company also offers a $0 Liability Guarantee that ensures you aren’t charged for unauthorized and fraudulent transactions.
The Bank of America® Travel Rewards has no annual fee, lets you earn 1.5 points for each dollar you spend, and features a generous welcome bonus and Intro APR. It’s a great choice for travelers who want to save on everything from flights to hotels to rental cars.
This review used information from the Bank of America website.
Disclosure: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
Editorial disclosure: The credit card offers and information presented on this page are current as of the published date. However, credit card terms, including APRs, fees, and promotional offers, are subject to change without notice. Some offers listed may no longer be available or may have expired. Please refer to the issuer's website for the most up-to-date terms and conditions.
Kale Havervold is a personal finance writer at BestMoney.com, specializing in business and personal loans. He has contributed to Yahoo, Hardbacon, and Loans Canada. Kale’s easy-to-digest, research-driven articles reflect his passion for helping readers make informed financial decisions.