Bank of America Travel Rewards Card Review

Bank of America Travel Rewards Card Review: Simple No-Fee Travel Rewards

The Bank of America Travel Rewards Credit Card is a straightforward no-annual-fee travel credit card that earns 1.5x points on all purchases — with extra value for Bank of America Preferred Rewards members.

Key Details

• Rewards: 1.5 points per $1 on all purchases (no categories)
• Annual Fee: $0
• Welcome Bonus: 25,000 points after $1,000 in purchases in first 90 days (worth $250 in travel)
• Foreign Transaction Fee: None
• APR: Variable (check current rates)

Points Value

Points are redeemed for travel purchases at 1 cent per point — meaning 1.5 points/dollar = 1.5% return on all spend. Redemptions are made as statement credits against travel purchases (flights, hotels, car rentals, etc.) made in the past 12 months.

Preferred Rewards Multiplier

Bank of America Preferred Rewards members earn a rewards multiplier based on their combined BofA/Merrill balance:

• Gold ($20K–$50K): 25% bonus → 1.875 points/dollar
• Platinum ($50K–$100K): 50% bonus → 2.25 points/dollar
• Platinum Honors ($100K+): 75% bonus → 2.625 points/dollar

For Platinum Honors members, this no-annual-fee card effectively earns 2.625% on all purchases — competitive with premium travel cards.

Verdict

The Bank of America Travel Rewards card is best suited for existing Bank of America customers, particularly Preferred Rewards members who can unlock the highest earning rates. For everyone else, cards like the Chase Sapphire Preferred or Capital One Venture offer better rewards ecosystems.

• No annual fee
• No foreign transaction fees
• High value for BofA Preferred Rewards members

• Average earning rate without Preferred Rewards status
• Points locked to BofA travel ecosystem
• No transfer partners