The Bank of America Travel Rewards credit card is an excellent choice for those seeking a practical and efficient payment method. Right off the bat, it stands out with its no annual fee, making it an accessible option for all types of consumers.
Additionally, it offers a simple rewards structure, accumulating points on all purchases made. Thus, every expense turns into an opportunity to earn points that can be used to cover various costs.
Want to discover all the benefits this card has to offer? Continue reading and see how it can transform your financial experience with international acceptance and numerous advantages.
About the Issuer
Bank of America is one of the largest and most respected banks in the United States, offering a wide range of financial products and services. With decades of experience in the banking sector, Bank of America is known for its solidity and constant innovation.
As the issuer of the Travel Rewards card, Bank of America combines its financial expertise with exclusive benefits for travelers. Bank customers can also take advantage of additional benefits if they are part of the Preferred Rewards program, which offers bonuses on accumulated rewards.
If you are already a Bank of America customer, the Travel Rewards card can be a natural extension of the services you already use, adding even more value to your daily and travel transactions.
Benefits
No Annual Fee: One of the biggest attractions of the Bank of America Travel Rewards card is that it does not charge an annual fee, making it an economical choice for all types of travelers.
Rewards on All Purchases: The card offers a fixed reward rate of 1.5 points per dollar spent on all purchases. This simplifies point accumulation as you don’t need to worry about optimizing your spending across different categories.
Additional Benefits for Preferred Rewards: If you are part of the Bank of America Preferred Rewards program, you can earn up to 75% more points on your purchases, significantly increasing the value of your rewards.
Welcome Bonus: New cardholders can earn 25,000 bonus points after spending $1,000 in the first 90 days, equivalent to a $250 credit for travel expenses.
No Foreign Transaction Fees: The card does not charge foreign transaction fees for purchases made abroad, which is ideal for frequent travelers.
Access to Visa Signature Benefits: Includes car rental insurance, lost luggage protection, and travel cancellation insurance, among other benefits.
International Acceptance: If you want more flexibility for your purchases, the Bank of America Travel Rewards card is perfect. With it, you can make purchases at millions of establishments inside and outside the US.
Security: Make payments wherever you want, with the certainty that all your data is always protected by cutting-edge technology. Additionally, enjoy personalized service in case of card loss or theft.
Bank of America Travel Rewards – Fees and commissions
The Bank of America Travel Rewards card has no annual fee, making it an economical choice for many users. It also offers an introductory APR of 0% for purchases and balance transfers for the first 15 billing cycles, followed by a variable APR between 19.24% and 29.24%.
Balance transfers have an introductory fee of 3% in the first 60 days, which increases to 4% afterward. The absence of foreign transaction fees is also a significant advantage, especially for frequent travelers.
If the customer pays bills late, the bank also applies a charge of $40, so it’s essential to pay attention to the due date to avoid this fee.
Card limit
The credit limit of the Bank of America Travel Rewards varies according to the applicant’s credit profile. Users with excellent credit history can expect higher limits, reflecting their financial capacity and the bank’s confidence in responsible credit management.
For those who qualify for the Bank of America Preferred Rewards program, there is the opportunity to further increase benefits, receiving 25% to 75% more points on each purchase.
Upon applying for and being approved for the card, you can find out what your credit limit is. Later, by maintaining a good relationship with the bank, the limit can be increased according to the institution’s policies.
Positive points
- FLEXIBLE REWARDSThe ability to accumulate 1.5 points per dollar on all purchases, without restricted categories, is a significant advantage.
- NO ANNUAL FEEThe absence of an annual fee makes this card accessible and attractive to a broad audience.
- ADDITIONAL BENEFITS FOR PREFERRED REWARDS CLIENTSMembers of the Preferred Rewards program can accumulate up to 75% more points.
Negative points
- BETTER REWARDS FOR PREFERRED REWARDS CLIENTSThe best benefits are reserved for customers who participate in the Preferred Rewards program.
- HIGH VARIABLE APRAfter the introductory period, the variable APR can be high.
- NO SPECIFIC BONUS CATEGORYThe lack of bonus categories means the card may not maximize rewards on specific spending.
How to apply for Bank of America Travel Rewards
- Visit the Bank of America website;
- On the Bank of America Travel Rewards credit card page, click “Apply now”;
- Fill out the application form carefully, providing your personal and financial information;
- Submit the required documentation;
- Wait for review and approval.
How to contact Bank of America
For more information or assistance, you can contact Bank of America through the following means:
- By phone: 800 932 2775
- Visit a branch in person
- Use the online chat available on the bank’s official website
With all these benefits and a simplified rewards program, the Travel Rewards card card Bank of America  is an excellent option for those who want to make the most of every purchase. Apply for yours now!
