Bank Of America Travel Rewards Vs Chase Freedom Unlimited
If you love traveling and want to save money on your every trip, then you should consider getting a travel rewards credit card. Two popular options in the United States are the Bank of America Travel Rewards Credit Card and the Chase Freedom Unlimited Credit Card. In this article, we will compare both of these cards in terms of their rewards, fees, APR rates, and benefits, so you can decide which one is the best fit for your lifestyle and spending habits.
Bank Of America Travel Rewards Credit Card Overview
The Bank of America Travel Rewards Credit Card is a great choice for people who travel frequently, especially if they are Bank of America customers. The card offers unlimited 1.5 points per dollar spent on all purchases, and bonus points when you book your trip through the Bank of America Travel Center. The bonus points can be as high as 3 points per dollar spent, depending on your membership level and the type of travel purchase you make.
Another advantage of this card is that there is no annual fee, no foreign transaction fees, and no expiration date for your points. You can use your points to pay for flights, hotels, car rentals, cruises, and other travel expenses, and there are no blackout dates or restrictions. Moreover, you can earn even more points if you are a Bank of America Preferred Rewards member, with a bonus of up to 75% on your rewards.
The APR rate for this card is variable, with a range of 13.99%-23.99%, depending on your creditworthiness. There is also an introductory offer of 25,000 bonus points when you spend $1,000 in the first 90 days of opening the account, which is equivalent to $250 in travel statement credits.
Chase Freedom Unlimited Credit Card Overview
The Chase Freedom Unlimited Credit Card is another popular option for people who want to earn cashback rewards on their everyday purchases. The card offers unlimited 1.5% cash back on all purchases, with no annual fee or minimum redemption amount. You can redeem your cashback rewards for statement credits, gift cards, merchandise, or travel through the Chase Ultimate Rewards program.
One of the unique features of this card is the introductory offer of 5% cash back on up to $12,000 spent in the first year, which is equivalent to $600 in cash back. There is also an introductory APR of 0% for the first 15 months on purchases and balance transfers, and a variable APR rate of 14.99%-23.74% after that.
Another advantage of this card is that it comes with a range of benefits, such as purchase protection, extended warranty, travel accident insurance, and roadside assistance. Moreover, you can combine your cashback rewards with other Chase Ultimate Rewards credit cards, such as the Chase Sapphire Preferred or the Chase Ink Business Preferred, to get even more value for your rewards.
Bank Of America Travel Rewards Vs Chase Freedom Unlimited Comparison
Now, let's compare the Bank of America Travel Rewards Credit Card and the Chase Freedom Unlimited Credit Card side by side, to see which one is the better option for you:
| Card Features | Bank of America Travel Rewards | Chase Freedom Unlimited |
| Rewards | 1.5 points per dollar spent, bonus points for travel purchases | 1.5% cash back on all purchases, 5% cash back on up to $12,000 spent in the first year |
| Annual fee | No annual fee | No annual fee |
| Foreign transaction fees | No foreign transaction fees | 3% foreign transaction fees |
| Introductory offer | 25,000 bonus points when you spend $1,000 in the first 90 days | 5% cash back on up to $12,000 spent in the first year |
| APR rate | 13.99%-23.99% | 14.99%-23.74% |
| Additional benefits | No expiration date for points, bonus rewards for Bank of America Preferred Rewards members | Purchase protection, extended warranty, travel accident insurance, and roadside assistance |
As you can see, both cards have their pros and cons, depending on your spending habits, travel preferences, and priorities. If you are a frequent traveler and want to earn flexible travel rewards with no annual fee, the Bank of America Travel Rewards Credit Card could be a good choice for you. However, if you prefer to earn cashback rewards on all purchases, with a generous introductory offer and additional benefits, the Chase Freedom Unlimited Credit Card might be a better fit.
Conclusion
In conclusion, choosing between the Bank of America Travel Rewards Credit Card and the Chase Freedom Unlimited Credit Card depends on your individual needs and preferences. Both cards have their strengths and weaknesses, and it is up to you to decide which one suits your lifestyle and budget better. Make sure to compare the rewards, fees, APR rates, and benefits of each card before making a decision, and don't forget to read the fine print carefully. Happy traveling, and happy spending!
