Bank of America® Travel Rewards for Students

Bank of America® Travel Rewards for Students Review

This is a rewards credit card issued by Bank of America. If you're wondering whether Bank of America® Travel Rewards for Students is the right card for you, read on.

Key Takeaways

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of 25000 points after spending $1,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. Bank of America® Travel Rewards for Students has a variable purchase APR that ranges from 16.49% up to 24.49%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. Bank of America® Travel Rewards for Students charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Accepts cosigners. Bank of America is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Bank of America® Travel Rewards for Students

Bank of America® Travel Rewards for Students FAQ

Does Bank of America® Travel Rewards for Students have a cash back or rewards program?

Bank of America® Travel Rewards for Students is a rewards card.

What are the Bank of America® Travel Rewards for Students benefits?

It provides the following benefits:

• Free Credit Score
• Extended Warranty Protection
• Zero fraud liability
• No blackout dates when redeeming miles
• Reports to major credit bureaus

What are the relevant APRs for Bank of America® Travel Rewards for Students?

Bank of America® Travel Rewards for Students has a variable purchase APR that ranges from 16.49% up to 24.49%. The card has a variable balance transfer APR that ranges from 16.49% up to 24.49%. It also has a variable cash advance APR that ranges from 19.49% up to 27.49%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Bank of America® Travel Rewards for Students?

The following fees apply:

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Bank of America® Travel Rewards for Students report your account activity to credit bureaus?

Yes, Bank of America® Travel Rewards for Students reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Bank of America® Travel Rewards for Students

• Visit the Bank of America® Travel Rewards for Students website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.