Bank Of America Travel Rewards Card Benefits Guide
Travel rewards credit cards are a great way to earn rewards for travel purchases, and the Bank of America Travel Rewards Card is no exception. This card offers a variety of benefits, including earning points for every purchase, no foreign transaction fees, and flexible redemption options. In this guide, we'll take a closer look at the benefits of the Bank of America Travel Rewards Card and help you decide if it's the right card for you.
Earning Points
One of the biggest benefits of the Bank of America Travel Rewards Card is the ability to earn points on every purchase. Cardholders earn 1.5 points per dollar spent on all purchases, with no limit to the number of points that can be earned. This means that you can earn a significant amount of points over time, even on smaller purchases.
In addition to earning points on regular purchases, the Bank of America Travel Rewards Card also offers bonus points for eligible travel purchases. Cardholders can earn an additional 3 points per dollar spent on travel purchases made through the Bank of America Travel Center. This includes purchases such as flights, hotels, vacation packages, and more.
Earning points with the Bank of America Travel Rewards Card is easy, and there are no complicated point categories or restrictions. This makes it a great option for anyone looking for a simple, straightforward rewards program.
Redeeming Points
When it comes to redeeming your points, the Bank of America Travel Rewards Card offers a lot of flexibility. Points can be redeemed for travel purchases such as flights, hotels, and car rentals, or they can be redeemed for cash back statement credits or gift cards.
If you choose to redeem your points for travel purchases, you'll get the most value out of your rewards. This is because each point is worth one cent when redeemed for travel, meaning that 10,000 points is equal to $100 in travel purchases.
If you prefer to redeem your points for cash back or gift cards, you can still get a decent value. Points are worth 0.6 cents each when redeemed for cash back statement credits, meaning that 10,000 points is equal to $60 in cash back. Gift card redemptions vary in value, but typically offer a similar value to cash back.
No Foreign Transaction Fees
If you're someone who travels frequently or makes purchases from international retailers, you know how quickly foreign transaction fees can add up. These fees are typically around 3% of the purchase price, which can be a significant amount for larger purchases.
The Bank of America Travel Rewards Card eliminates this fee, allowing you to make purchases abroad or from international retailers without any extra fees. This can save you a lot of money over time, especially if you travel often or make large purchases from international retailers.
Other Benefits
In addition to the benefits listed above, the Bank of America Travel Rewards Card also offers a number of other perks, including:
- Chip technology for enhanced security
- Free access to your FICO credit score
- Zero liability for fraudulent purchases
- 24/7 customer service support
These additional benefits can help give you peace of mind and make it easier to manage your credit card account.
Is the Bank of America Travel Rewards Card Right for You?
The Bank of America Travel Rewards Card is a great option for anyone looking for a simple, straightforward travel rewards program. With no complicated point categories or restrictions, earning and redeeming points is easy and flexible. Plus, with no foreign transaction fees and a number of other benefits, this card can be a great choice for frequent travelers.
However, if you're someone who wants to earn points for specific travel purchases, such as flights or hotel stays, you may want to consider a different travel rewards card that offers bonus points in those categories. Additionally, if you're looking for a card with a large sign-up bonus, the Bank of America Travel Rewards Card may not be the best choice.
In the end, it's important to evaluate your own spending habits and travel needs in order to determine if the Bank of America Travel Rewards Card is right for you.
