Bank of America Travel Rewards Credit Card – How to Apply

By Raquel Oliveira • 03/05/2025

Bank of America Travel Rewards Travel rewards card ideal for earning points on trips and expenses.

The Bank of America Travel Rewards Credit Card is an excellent choice for those who want to earn travel rewards without worrying about rotating categories or spending limits. With a simple rewards program, it offers consistent benefits.

With 1.5 unlimited points per dollar spent on all purchases, this card ensures that every transaction contributes to your rewards. Whether booking flights, dining out, or shopping for essentials, your spending turns into valuable benefits.

Accumulated points can be redeemed for travel expenses, such as flights, hotel stays, and car rentals. This way, your everyday purchases help lower future travel costs, making trips more affordable and rewarding.

In addition to its straightforward rewards structure, the card offers a great welcome bonus for new cardholders, boosting initial point earnings. With no annual fee and no foreign transaction fees, it’s a budget-friendly choice for frequent travelers.

How does Bank of America Travel Rewards work?

This credit card operates with a simple point system, offering 1.5 points for every dollar spent. There are no restrictions on where or how you earn, making it easy to accumulate rewards.

Unlike other travel cards, this one does not require you to track spending categories. Whether you are purchasing groceries, booking flights, or dining out, every transaction contributes equally to your rewards balance.

Points earned with this card do not expire as long as your account remains open. This allows you to redeem points at your own pace, without the pressure of expiring rewards or unnecessary limitations.

Once accumulated, points can be redeemed for statement credits to cover travel expenses, including flights, hotels, vacation rentals, and even restaurant purchases. There are no blackout dates or redemption restrictions.

Main benefits for the Bank of America Travel Rewards

• Earn 1.5 points per dollar spent on all purchases, with no categories or limits, ensuring straightforward rewards accumulation.
• No foreign transaction fees, making it a great option for frequent travelers who want to avoid additional costs on international purchases.
• 0% introductory APR for the first 15 months, allowing users to finance large purchases or balance transfers without interest during this period.
• Bank of America Preferred Rewards members can earn up to 75% more points, significantly increasing the total rewards earned on purchases.

Cons for the Bank of America Travel Rewards

While the Bank of America Travel Rewards Credit Card offers great benefits, there are some drawbacks to consider. 

One of the main cons is that the card only offers 1.5 points per dollar on all purchases, which is lower than other travel rewards cards that offer higher rates in specific categories such as dining, gas, or travel.

Additionally, the Bank of America Travel Rewards Credit Card does not offer a cashback option, so the points can only be redeemed for travel expenses. This may not be ideal for those who prefer cards that offer more flexible rewards, such as cashback or gift cards.

Another downside is the card’s reliance on a good to excellent credit score for approval. If you have a lower credit score, you may not qualify for this card, and it may not be the best option for those just starting to build their credit.

APR and Fees

Understanding the costs associated with this credit card is crucial for managing spending and maximizing benefits while avoiding unnecessary fees.

• There are no foreign transaction fees, making this card a strong option for international travelers who frequently use their credit card abroad.
• The card offers a 0% introductory APR for the first 15 months on purchases and balance transfers, providing interest-free financing for eligible transactions.
• After the introductory period, the APR adjusts to a variable rate ranging from 18.24% to 28.24%, depending on the cardholder’s creditworthiness and financial history.
• Balance transfers incur a 3% fee for transfers made within the first 60 days, increasing to 4% after this period, which can add costs to debt consolidation.

How to Apply for the Bank of America Travel Rewards

Applying for the Bank of America Travel Rewards Credit Card is quick and easy. You can apply online by providing your personal and financial information. 

Once approved, you’ll receive your card and can start earning 1.5 points per dollar on all purchases right away. 

With a great sign-up bonus, no annual fee, and no foreign transaction fees, this card is an excellent choice for anyone looking to earn travel rewards without the added cost.

Who Should Apply for the Bank of America Travel Rewards Credit Card?

The Bank of America Travel Rewards credit card is best suited for individuals who want a hassle-free rewards system that earns points on every purchase without category restrictions or spending limits.

It is an excellent choice for frequent travelers, as it offers no foreign transaction fees, ensuring that international purchases do not incur additional costs.

Additionally, it is a strong option for those who want a long introductory APR period, providing 15 months of interest-free financing on purchases and balance transfers.

However, individuals looking for more flexible redemption options beyond statement credits for travel or dining expenses may find other rewards credit cards more beneficial.

Final Considerations

This credit card is a great option for travelers and everyday spenders, offering consistent rewards with no annual fee or complicated spending categories to track.

While its points redemption is limited to travel and dining statement credits, its no foreign transaction fees and 0% introductory APR make it a practical choice for many users.

Before applying, consider whether the fixed rewards rate and redemption structure align with your financial habits, ensuring that you get the most value from this credit card.