Bank Of America Travel Rewards Foreign Transaction Fees
Traveling the world is an incredible experience that broadens our cultural horizons and enriches our lives. But when it comes to finances, foreign transaction fees can quickly add up and put a hamper on our trip. Bank of America Travel Rewards credit card offers a great solution to this problem, with no foreign transaction fees and a variety of other benefits for travelers. Read on to learn more about how the Bank of America Travel Rewards credit card can help you save money and maximize your travel experience.
What are foreign transaction fees?
Foreign transaction fees, also known as FX or foreign exchange fees, are charges applied by credit card companies for transactions made outside of the US or in a foreign currency. These fees are typically around 3% of the transaction amount, meaning that a $100 purchase would cost you an extra $3 in fees. While this may seem like a small amount, it can quickly add up over the course of a trip, especially for frequent travelers.
How does the Bank of America Travel Rewards credit card work?
The Bank of America Travel Rewards credit card is designed for frequent travelers who want to earn rewards and save money on foreign transaction fees. Here's how it works:
- Apply for the Bank of America Travel Rewards credit card online. You'll need to have a good credit score to qualify.
- Earn 1.5 points for every dollar spent on purchases with the card. Points can be redeemed for travel expenses such as flights, hotels, and car rentals.
- Enjoy no foreign transaction fees when using the card for purchases made outside of the US.
- Receive a 25,000-point bonus when you make at least $1,000 in purchases within the first 90 days of opening an account. This bonus is worth $250 in travel statement credit.
- Get additional benefits such as travel accident insurance, baggage delay insurance, and 24/7 concierge service.
Why choose the Bank of America Travel Rewards credit card?
The Bank of America Travel Rewards credit card is an excellent choice for travelers who want to save money on foreign transaction fees and earn rewards for their purchases. Here are some of the benefits of this card:
- No foreign transaction fees: You'll save money on every purchase made outside of the US, which can add up quickly over the course of a trip.
- Earn rewards: You'll earn 1.5 points for every dollar spent on purchases, which can be redeemed for travel statement credit.
- Bonus points: You'll receive a 25,000-point bonus when you make at least $1,000 in purchases within the first 90 days of opening an account.
- Additonal benefits: You'll enjoy travel accident insurance, baggage delay insurance, and 24/7 concierge service.
- No annual fee: You won't have to pay an annual fee to use this card, which makes it a great choice for budget-conscious travelers.
How to maximize your rewards with the Bank of America Travel Rewards credit card?
If you want to get the most out of your Bank of America Travel Rewards credit card, here are a few tips:
- Use the card for all of your travel purchases, such as flights, hotels, and car rentals.
- Redeem your points for travel statement credit to get the most value.
- Take advantage of the 25,000-point bonus by making at least $1,000 in purchases within the first 90 days of opening an account.
- Pay off your balance in full each month to avoid interest charges and maximize your rewards potential.
Conclusion
If you're a frequent traveler who wants to save money on foreign transaction fees and earn rewards for your purchases, the Bank of America Travel Rewards credit card is an excellent choice. With no foreign transaction fees, 1.5 points for every dollar spent, a 25,000-point bonus, and additional travel benefits, this card can help you make the most of your travels. Apply online today and start enjoying the benefits!