Bank Of America Travel Rewards No Foreign Transaction Fee
Are you planning on taking a trip abroad? If so, you'll need a credit card that doesn't charge foreign transaction fees. One option to consider is the Bank of America Travel Rewards credit card. This card has a lot to offer, including no foreign transaction fees, rewards points that can be used for travel, and a sign-up bonus. In this article, we'll take a closer look at the Bank of America Travel Rewards credit card and why it's a great choice for any traveler.
What Are Foreign Transaction Fees?
First, let's define foreign transaction fees. These are fees that credit card companies charge when you use your card to make a purchase in a foreign currency or make a purchase outside of the United States. These fees can range from 1% to 3%, which may not seem like a lot, but they can add up quickly if you're traveling for an extended period of time or making large purchases.
The Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards credit card is a great option for travelers because it does not charge foreign transaction fees. This means that you can use your card to make purchases in other countries without incurring any additional fees. In addition to no foreign transaction fees, the card also offers rewards points for every dollar spent. These points can be redeemed for travel, cash back, or gift cards.
How to Earn Rewards Points
With the Bank of America Travel Rewards credit card, you'll earn 1.5 points for every dollar spent. There are no limits on how many points you can earn, and the points don't expire as long as your account is open and in good standing. You can earn even more points by booking your travel through Bank of America's Travel Center. When you book travel through the Travel Center using your Bank of America Travel Rewards credit card, you'll earn an additional 3 points per dollar spent.
Redeeming Your Rewards
Once you've earned enough rewards points, you can redeem them for travel, cash back, or gift cards. If you choose to redeem your points for travel, you can use them to book flights, hotels, rental cars, and more through Bank of America's Travel Center. You can also transfer your points to other travel loyalty programs, such as the Alaska Airlines Mileage Plan, the IHG Rewards Club, or the Hilton Honors program.
Sign-Up Bonus
One of the best things about the Bank of America Travel Rewards credit card is the sign-up bonus. When you spend $1,000 on purchases in the first 90 days of opening your account, you'll receive 25,000 bonus points. This is equivalent to $250 in travel statement credits, which can be used to offset the cost of your next trip.
Other Benefits
In addition to no foreign transaction fees, rewards points, and a sign-up bonus, the Bank of America Travel Rewards credit card also offers other benefits, such as:
- Chip technology for enhanced security when traveling abroad
- Travel accident insurance
- Auto rental collision damage waiver
- No annual fee
Conclusion
If you're planning on traveling abroad, you need a credit card that doesn't charge foreign transaction fees. The Bank of America Travel Rewards credit card is a great option because it not only eliminates foreign transaction fees, but it also offers rewards points that can be redeemed for travel, cash back, or gift cards. With a sign-up bonus and other valuable benefits, the Bank of America Travel Rewards credit card is the perfect credit card for any traveler.
