Last updated: 5/10/2021

Bank of America Travel Rewards

Earns: Bank of America Preferred Rewards

★★★★★

GigaTake:

A 1.5% cash back card that only lets you use the cash on travel purchases. Meh.

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Here’s how much you would earn with this card

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${{welcomeBonusAmount | number}}Welcome Bonus

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Pros

1.5% cash back on all purchases is good, if not great.
No annual fee.

Cons

Rewards can only be used for travel spending.
You can do better with a 2% cash back card.

See how the Bank of America Travel Rewards compares to other credit cards

Bank of America Travel Rewards Other Cards

Rewards

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Reward Rate = 1.5x

Value = 1 cent per point
Effective Value = 1.5 %

Welcome Bonus = 25,000

Value = 1 cent per point
Effective Value = $250

$1700

Annual Fee = $0

$695

Welcome Bonus

25,000 Points

After you spend $1,000 in 3 months

GigaInfo about Welcome Bonuses Welcome Bonuses 101 Article

Spending Rewards

1.5x All Spending

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0.4¢ PER POINT

2¢+ PER POINT

Other Card Information

Rewards must be used for travel related items.

Annual Fee

Are Annual Fees Worth It?

The GigaPoints Guide to Credit Card Annual Fees Article

Use this card for…

You can earn more rewards by using different cards for different purchases. We built a tool that tells you which card to use, when. Just plug in your favorite brand, store, or category to find out which card pays the most.

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The Fine Print

INTRO APR FOR PURCHASES	0% for 12 months
PURCHASES APR	16.49% to 24.49%
BALANCE TRANSFER APR	16.49% to 24.49%
BALANCE TRANSFER FEE	Either $10 or 3% of the amount of each transaction, whichever is greater.
CASH ADVANCE APR	19.49% to 27.49%
CASH ADVANCE FEE	Either $10 or 3% of the amount of each transaction, whichever is greater.
LATE PAYMENTS	Up to $39
FOREIGN TRANSACTION FEE	0%