Bank Of America Travel Rewards Credit Card For Students Review
Bank of America is a leading financial institution and offers a range of credit cards to cater to the needs of its customers. One such credit card is the Bank of America Travel Rewards Credit Card for Students. This credit card is designed specifically for students who want to earn rewards while they make purchases.
Features
The Bank of America Travel Rewards Credit Card for Students offers several features that make it an ideal choice for students:
- The card offers a sign-up bonus of 25,000 points, which can be redeemed for a statement credit of $250
- Cardholders earn 1.5 points for every dollar spent on purchases
- There is no annual fee for the card
- The card comes with a 0% introductory APR for 12 billing cycles on purchases and balance transfers made within the first 60 days of opening the account
- Cardholders can redeem their rewards for statement credits, travel purchases, or gift cards
- The card also comes with several travel benefits, including no foreign transaction fees, travel accident insurance, and auto rental collision damage waiver
Benefits
The Bank of America Travel Rewards Credit Card for Students has several benefits that make it a great choice for students:
- Easy to qualify: The card is designed specifically for students and has a low credit requirement, making it easy for students to qualify
- Rewards: The card offers rewards on every purchase, which can be redeemed for a statement credit, travel purchases, or gift cards
- No annual fee: The card has no annual fee, making it a great choice for students who are on a budget
- Introductory APR: The card comes with a 0% introductory APR on purchases and balance transfers for the first 12 billing cycles, giving students time to pay off their balance without accruing interest
- Travel benefits: The card comes with several travel benefits, including no foreign transaction fees, travel accident insurance, and auto rental collision damage waiver, making it a great choice for students who plan to travel overseas
Drawbacks
While the Bank of America Travel Rewards Credit Card for Students has several benefits, there are also some drawbacks to consider:
- Low rewards rate: The card only earns 1.5 points for every dollar spent, which is lower than other travel credit cards
- No bonus categories: The card does not offer additional rewards for purchases made in certain categories, such as dining or gas
- No luxury benefits: The card does not offer luxury benefits, such as airport lounge access or free checked bags, which may be important for frequent travelers
Who is it for?
The Bank of America Travel Rewards Credit Card for Students is ideal for students who want to earn rewards while they make purchases. It is also a great choice for students who plan to travel overseas, as it offers several travel benefits, including no foreign transaction fees and travel accident insurance.
How to use it?
To get the most out of the Bank of America Travel Rewards Credit Card for Students, you should:
- Use the card for all your purchases to earn rewards
- Pay your balance in full every month to avoid interest charges
- Redeem your rewards for statement credits, travel purchases, or gift cards
- Take advantage of the travel benefits, such as no foreign transaction fees, travel accident insurance, and auto rental collision damage waiver
Conclusion
The Bank of America Travel Rewards Credit Card for Students is a great choice for students who want to earn rewards while they make purchases. It offers several benefits, including no annual fee, a 0% introductory APR, and travel benefits. However, it does have some drawbacks, such as a low rewards rate and no bonus categories. Overall, it is a great credit card for students who want to build credit and earn rewards.