Bank Of America Cash Back Vs Travel Rewards
Bank of America is one of the most popular banks in the United States that offers a variety of credit cards with cash back and travel rewards. While there are many credit cards to choose from, it can be challenging to decide which one to get. In this article, we will compare Bank of America's cash back credit card to its travel rewards credit card to help you determine which one suits your needs the best.
Bank of America Cash Back Rewards Credit Card
Bank of America Cash Back Rewards Credit Card is a great option for those who prefer cash back rewards. This card offers 3% cash back on gas, 2% cash back on grocery stores and wholesale clubs, and 1% cash back on all other purchases. The card also offers a $200 cash rewards bonus after you spend $1,000 in the first 90 days of opening your account. The annual fee for this card is $0.
One of the benefits of this card is the flexibility it provides. The cash back rewards can be redeemed as a statement credit, a deposit into your Bank of America checking or savings account, or as a check. You can also set up automatic redemption every time you reach a certain amount of cash back rewards, starting at $25.
Another advantage of this card is that it has a 0% introductory APR for the first 15 billing cycles on purchases and balance transfers. This feature can be particularly useful if you need to make a large purchase or transfer a balance from another credit card.
Bank of America Travel Rewards Credit Card
If you enjoy travelling, the Bank of America Travel Rewards Credit Card may be the right choice for you. This card offers 1.5 points for every dollar spent on purchases, and 3 points per dollar spent on purchases made through the Bank of America Travel Center. You can also earn 25,000 bonus points, which is equal to $250 in travel statement credit, after you spend $1,000 in the first 90 days of opening your account. The annual fee for this card is $0.
One of the benefits of this card is that it has no blackout dates or restrictions on travel. You can book your travel through the Bank of America Travel Center or any other website or travel agency. You can also use your points to pay for travel expenses such as flights, hotels, and car rentals.
Another advantage of this card is that it has a 0% introductory APR for the first 12 billing cycles on purchases and balance transfers.
Which One Should You Choose?
If you are someone who prefers cash back rewards and wants flexibility in how you use your rewards, then the Bank of America Cash Back Rewards Credit Card may be the best fit for you. On the other hand, if you enjoy travelling and want to earn points towards travel expenses, then the Bank of America Travel Rewards Credit Card may be the better option.
It is also essential to consider your spending habits when choosing a credit card. If you spend a lot of money on gas and groceries, the Bank of America Cash Back Rewards Credit Card may be the better option because it offers a higher cash back percentage for these purchases. If you spend a lot of money on travel, then the Bank of America Travel Rewards Credit Card may be the better option.
Conclusion
Choosing between the Bank of America Cash Back Rewards Credit Card and the Bank of America Travel Rewards Credit Card can be challenging, but it ultimately comes down to what rewards you value the most. Consider your spending habits and how you plan to use your rewards when making your decision. Either way, both credit cards offer generous rewards and benefits.
