Bank Of America Travel Rewards Or Cash Rewards
Bank of America is one of the most prominent banks in the United States, and as such, they offer a range of credit cards with different rewards and benefits. Two of the most popular Bank of America credit cards are the Travel Rewards and Cash Rewards cards. In this article, we will look at the key features of each card and help you decide which one is right for you.
Bank Of America Travel Rewards
The Bank of America Travel Rewards card is ideal for those who love to travel. The card offers 1.5 points for every dollar spent, and you can use the points to pay for flights, hotels, cruises, car rentals, and more. There are no blackout dates or restrictions, which means you can book your travel whenever you want. One of the best features of this card is that there is no annual fee, which makes it an affordable option for those who don't travel frequently.
In addition to the reward points, the Bank of America Travel Rewards card also offers a signup bonus of 25,000 points if you spend $1,000 in the first 90 days of opening the account. This bonus is worth $250, and you can use it to offset your travel expenses.
Another benefit of the Bank of America Travel Rewards card is that there are no foreign transaction fees. This means you can use the card to make purchases when you travel abroad, and you won't be charged any additional fees.
Bank Of America Cash Rewards
The Bank of America Cash Rewards card is ideal for those who want to earn cashback on their purchases. The card offers 3% cashback in the category of your choice, which includes gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. You can change your category choice once a month or choose to have it automatically updated based on your spending habits. Additionally, you can earn 2% cashback at grocery stores and wholesale clubs, and 1% cashback on all other purchases.
The Bank of America Cash Rewards card also offers a signup bonus of $200 if you spend $1,000 in the first 90 days of opening the account.
One of the key benefits of the Bank of America Cash Rewards card is that you can earn even more cashback if you are a Bank of America Preferred Rewards member. Depending on your membership level, you can earn an additional 25% - 75% cashback on your purchases, which can add up quickly.
Which Card Is Right For You?
Choosing between the Bank of America Travel Rewards and Cash Rewards cards depends on your personal preferences and spending habits. If you travel frequently, the Travel Rewards card is likely the better option for you, as you can earn points that you can use to offset your travel expenses. If you prefer cashback and don't travel as much, the Cash Rewards card is likely the better option for you, especially if you are a Bank of America Preferred Rewards member.
Ultimately, both cards offer great rewards and benefits, and choosing between them comes down to your individual needs and preferences. Regardless of which card you choose, you can enjoy the convenience and security of using a Bank of America credit card.
