Foreign Transaction Fee Bank Of America Travel Rewards
Traveling abroad can be an amazing experience, but it can also come with some unexpected costs. One of these costs is foreign transaction fees, which can add up quickly and put a damper on your trip. Bank of America's Travel Rewards credit card is a popular choice for travelers, but many people wonder about its foreign transaction fee. In this article, we'll explore everything you need to know about Bank of America Travel Rewards and its foreign transaction fee.
What is Bank of America Travel Rewards?
Bank of America Travel Rewards is a credit card that is designed for travelers who want to earn rewards on their purchases. With this card, you can earn 1.5 points for every dollar spent, and these points can be redeemed for travel-related expenses such as flights, hotels, rental cars, and more. There is no annual fee for this card, and it also comes with a signup bonus of 25,000 points if you spend $1,000 within the first 90 days of opening your account.
What is a foreign transaction fee?
A foreign transaction fee is a fee that is charged by your credit card company when you make a purchase in a foreign currency. This fee is typically a percentage of the total transaction amount, and it can range from 1% to 3% depending on the credit card. For example, if you make a purchase for $100 in a foreign country with a credit card that has a 3% foreign transaction fee, you will be charged an extra $3 on top of your purchase.
Does Bank of America Travel Rewards have a foreign transaction fee?
The good news is that Bank of America Travel Rewards does not have a foreign transaction fee. This means that you can use your card to make purchases in other countries without having to worry about paying extra fees. This is a great benefit for travelers who want to save money and avoid unexpected expenses.
How can Bank of America Travel Rewards benefit travelers?
Bank of America Travel Rewards can be a great choice for travelers who want to earn rewards on their purchases. With no annual fee and no foreign transaction fee, this card can help you save money and earn rewards while you travel. Plus, it comes with a signup bonus that can help you start earning points right away. And with the ability to redeem your points for travel-related expenses, you can use your rewards to make your next trip even more affordable.
Conclusion
Bank of America Travel Rewards is a great option for travelers who want to earn rewards on their purchases without having to worry about foreign transaction fees. With its 1.5 points per dollar spent and ability to redeem points for travel-related expenses, this card can help you save money on your next trip. Plus, with no annual fee and a signup bonus, it's a low-risk choice for anyone who wants to start earning rewards.
