Bank Of America Travel Rewards Foreign Transaction Fee
Bank Of America Travel Rewards Credit Card is one of the best travel credit cards in the United States. The card offers rewards points which can be redeemed for travel expenses. However, the cardholder needs to be aware of the foreign transaction fee which is charged on international transactions. In this article, we will explore the Bank Of America Travel Rewards Foreign Transaction Fee in detail.
What is the Bank Of America Travel Rewards Foreign Transaction Fee?
The Bank Of America Travel Rewards Foreign Transaction Fee is a fee charged by the Bank of America on transactions made outside of the United States. This fee is charged on every transaction made in a foreign currency, including purchases, cash advances, and balance transfers. The fee is usually a percentage of the transaction amount and is added to the total amount due.
The Bank of America Travel Rewards Credit Card has a foreign transaction fee of 0%. This means that the cardholder will not be charged any additional fees for using the card outside of the United States. This is an exceptional benefit for frequent travelers or people who want to use their credit cards while traveling abroad.
How to Avoid Foreign Transaction Fees with Bank of America Travel Rewards Credit Card?
If you are planning to travel outside of the United States, it is important to know how to avoid foreign transaction fees. Here are some tips to help you avoid foreign transaction fees with Bank of America Travel Rewards Credit Card:
- Use your Bank of America Travel Rewards Credit Card for all purchases made abroad.
- Avoid withdrawing cash from ATMs abroad using your credit card.
- Always pay in the local currency rather than in US dollars.
- Use a mobile wallet such as Apple Pay, Google Pay or Samsung Pay while traveling abroad.
- If possible, try to plan your purchases in advance so that you can use your credit card to make larger purchases rather than using cash.
By following these tips, you can avoid foreign transaction fees while traveling abroad and enjoy the benefits of using the Bank of America Travel Rewards Credit Card.
Conclusion
The Bank of America Travel Rewards Credit Card is an excellent choice for people who frequently travel outside of the United States. With no foreign transaction fees, the card offers a significant advantage over other travel credit cards. By following the tips mentioned above, cardholders can avoid foreign transaction fees and get the most out of their travel rewards.