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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You could earn Worth Plus Welcome Bonus Total
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per year
${{totalPointsYouCouldEarnValue | number}} {{welcomeBonus | number}} points
worth ${{welcomeBonusValue | number}}
${{totalValueToUser | number}}

How’d we figure that out?

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${{basePointsAmount | number}} All Other ({{card.card.earning_rate}}%x) All Spending ({{card.card.earning_rate}}%x)

${{merchantBonusAmount | number}}{{ merchantsBonusLabels | commaSeparate }} ({{merchantsBonusAmounts[0].multiplier}}%x)

${{categoryBonusAmount.bonus | number}}{{categoryBonusAmount.category }} ({{categoryBonusAmount.multiplier}}%x)

${{categoryDiscount.discount | number}}{{categoryDiscount.category}} Credit

${{merchantCreditAmount | number}}Merchant Discounts

${{welcomeBonusAmount | number}}Welcome Bonus


Annual Fee${{annualFeeAmount | number}}

All Other ({{card.card.earning_rate}}%x) All Spending ({{card.card.earning_rate}}%x) ${{basePointsAmount | number}}

Merchant Bonus ({{merchantsBonusAmounts[0].multiplier}}%x)${{merchantBonusAmount | number}}

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Welcome Bonus${{welcomeBonusAmount | number}}

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


Hover the dots to view other Credit Cards

Reward Rate = 1.5x

Value = 1 cent per point
Effective Value = 1.5 %

0%
3%

Welcome Bonus = 25,000

Value = 1 cent per point
Effective Value = $250

$0
$1700

Annual Fee = $0

$0
$995
Welcome Bonus
25,000

OK

Bonus Rating

Points

After you spend $1,000 in 3 months

GigaInfo about Welcome Bonuses Welcome Bonuses 101 Article
Spending Rewards
1.5x All Spending

Good

good

Good

In the top 50% of cards.

Is this card right for me?

That depends on your individual spending patterns. We have a tool that figures it out for you. Learn what you could earn.

Program Name
Bank of America Preferred Rewards
Gigapoints Value
1¢ per point
0.4¢ PER POINT
2¢+ PER POINT
Other Card Information

Rewards must be used for travel related items.

Annual Fee
  • $0
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%