Award travel, whether inside the U.S. or to more exotic destinations, is becoming more popular all the time. While frequent flyer credit cards remain a popular choice, a number of more flexible travel credit cards have appeared in recent years. Bank of America® Travel Rewards credit card is Bank of America's take on a flexible travel rewards credit card. The first question that comes to mind is: How does this card stand up against competition from other major issuers like Capital One and Discover?
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Bank of America® Travel Rewards credit card - 25,000 Bonus Points Offer
0% Introductory APR for 12 billing cycles for purchases
17.24% - 25.24% Variable APR
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GET.com answers this and many more questions about Bank of America® Travel Rewards credit card in this Q&A.
Questions And Answers For Bank of America® Travel Rewards credit card
Answer: No, Bank of America® Travel Rewards credit card doesn't earn actual frequent flyer miles. Instead, you earn points which you can redeem for a statement credit to pay for flights, hotels, baggage fees, vacation packages, rental cars and cruises. Unlike some other travel rewards programs, you get no blackout dates and no restrictions when booking your trip.
Answer: You earn unlimited 1.5 points per $1 spent on all purchases.
Answer: Yes. If you're a Preferred Rewards client, you get 25%-75% more points on every purchase. As a regular or Gold Preferred Rewards member you earn 25% more points. Platinum members earn 50% more points and you earn 75% more points if you have a Platinum Honors relationship.
Answer: You can earn unlimited 3 points for every $1 of net purchases (not including insurance) which you make through Bank of America's Travel Center (the standard 1.5 bonus points plus 1.5 bonus points). If you prefer to have a travel service help you with your bookings, you can earn extra points by using the bank's service. However, you won't always find the best deals that way so make sure to compare travel deals to make sure you get the best deals.
Answer: You earn points on all purchases, minus returns and credits and adjustments. You also do not earn points on cash advances, balance transfers, fees, interest charges and fraudulent transactions. Certain other charges may also not be eligible. The main criteria is: If you are actually permanently buying a product or service and paying for it with this card, rather than just shifting value to another form of currency, you will generally get your points.
Answer: Each point you redeem for a travel credit is worth $0.01. That means that 2,500 points are worth $25. That means you get $25 worth of travel with approximately every $1,667 of purchases charged to your Bank of America® Travel Rewards credit card.
Answer: No, that benefit is primarily offered by airlines for their frequent flyer credit card holders. However, you can redeem your points towards baggage charges.
Answer: This card has no annual fee, so you do not pay a yearly card fee. That means the points you earn are pure "profit" so to speak. Other flexible travel cards like Capital One® Venture® Rewards Credit Card have higher points earning rates, but have annual fees.
Answer: No you do not. This card has no foreign transaction fee.
Answer: No, your points do not expire, so you can collect them for as long as you want and redeem them for travel when you choose to. Just make sure your account remains open and in good standing because if your account is closed for one reason or another, you will lose any points you have on your account.
Answer: Absolutely, and a pretty hefty one at that. This card has a late payment fee of up to $39. Whatever you do, do not make a late payment.
Answer: Yes, the FICO® Score Program is a benefit available for primary cardholders and can be accessed through the Mobile website and the Mobile Banking app.
Answer: Anyone looking for a credit card which lets them earn a decent flat rate of travel rewards on all their purchases, and redeem those points towards most travel purchases will benefit from this card. However, the travel-earning potential of this Bank of America card really comes into its own for Bank of America banking customers thanks to the bonus for Bank of America checking and savings account holders and the even higher bonus for Preferred Rewards customers.
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