This particular card offers a great deal especially for the target audience to choose from without any annual-fee.
Each purchase offers highly competitive rewards, and if you are a customer with a huge balance of Bank of America you can earn even more.
Anyway, it is not possible to know everything in a few words. I have discussed a Bank of America travel rewards review in this guide. Hence, let's began to read to know the details.
Bank of America Travel Rewards Review
The Bank of America Travel Rewards credit card is a great option for those who like to travel frequently; those who prefer to hunt the web for the best deal without giving up the ability to use rewards.
It is also great for those who want flexible rewards but are not willing to pay the annual fee for the credit card. You do not have to commit a large annual fee to receive exceptional rewards here.
You can travel as you wish at any time with this card without any restricted travel policy and it sets you apart from other travel cards by booking your own reward-funded travel yourself.
You can earn unlimited 1.5 points by spending per dollar on all purchases. Your rewards will never expire while your account is open and you can redeem them for any travel or restaurant purchase.
Bank of America Travel Rewards Card’s Top Facilities
1. 25,000 points sign-up bonus
Getting a signup bonus at the beginning provides a top advantage in total points. Within 90 days of opening the account, you get a bonus kick after making at least $ 1,000 in purchase for selection.
So it can be said that this is one of the biggest bonuses on any travel card without any annual fee.
2. Unlimited 1.5 points per dollar
At the cost of every dollar, you will get unlimited 1.5 points. If you book travel through Bank of America Travel Center, you can earn 3 points per dollar spent on eligible travel.
Points are valued at 1cent for redemption on travel or for restaurant use. Points can also be redeemed for gift cards in different ways. Minimum redemption: For travel or cash is 2,500 points.
3. No annual fee
You do not have to pay an annual fee to use this card.
4. No foreign transaction fees
Foreign purchases are not charged a fee for real value that many other credit cards do charge.
5. 0% intro APR offer
You will get 0% intro APR for 12 billing cycles. Then 14.99% - 22.99% variable APR will be running. Relatively rare on a 0% APR period travel card.
6. Flexible rewards
The card is not tied to any specific airline or chain of a hotel so you can book the travel of your choice without any restrictions and no blackout date. Then use the points to delete the expense in your statement.
7. Preferred Rewards bonuses
Through the preferred reward program, the individuals loyal to Bank of America's products will be able to earn a 25% to 75% point bonus.
The bonus levels are as follows:
- Gold preferred rewards card Bonus: You can earn a 25% point bonus.
- Platinum Preferred rewards card bonus: You can earn a 50% bonus.
- Platinum Honors: You can earn a 75% bonus.
Key Features Of Bank of America Travel Rewards Card’s
- Visa Signature benefits
- Higher rewards opportunities
- Travel Friendly
- EMV chip card for international travel
- Car rental insurance
- Roadside dispatch,
- Lost luggage insurance,
- Concierge services,
- Purchase security
Drawbacks of Bank of America Travel Reward Credit Card
1. Restrictions on point and redemption
Until you have collected 2500 points or $ 25 you will not be able to redeem points for a travel credit or cash.
2. Other accounts require very high holdings to earn additional rewards
While it's great that you can earn as much as possible by keeping another account at Bank of America but if you get at least $ 20,000 in one of those accounts you can only qualify. A minimum of $100,000 is required for the top-earning level.
3. Compared to other similar cards you will get a lower purchase APR agreement
Other travel cards have free promotional offers for 14 or 15 months without an annual fee. But with this card, you will get 12 months to offer only.
The frequent travelers who are searching for solid rewards and favorable conditions all-around can choose the Bank of America Travel Rewards Card. You won't usually get a sign-up bonus on other non-annual-fee travel cards, but with this card, you will get a market-leading intro bonus along with unlimited rewards and other wallet-friendly benefits. Therefore, this is all about the Bank of America travel rewards review.
This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.
© 2021 Shova Mozumder