Bank of America® Travel Rewards Credit Card

Bank of America® Travel Rewards Credit Card Review

This is a rewards card issued by Bank of America. If you're wondering whether Bank of America Travel Rewards card 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 Credit Card has a variable purchase APR that ranges from 14.99% up to 22.99%.
• 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 Credit Card 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.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, travel assistance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Bank of America Travel Rewards card

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR that ranges from 14.99% up to 22.99%. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Free access to your credit score. Identity Theft Protection. Travel assistance insurance No foreign transaction fee. Cardholders can earn rewards on their purchases. Bank of America® Travel Rewards Credit Card reports to multiple credit bureaus.

You need good credit to qualify. Rewards bonus rate of only 1.5% on most everyday purchases. Terms apply*. Charges a 3% balance transfer fee.

Bank of America Travel Rewards card FAQ

Does Bank of America Travel Rewards card have a cash back or rewards program?

Bank of America Travel Rewards card is a travel rewards card.

Bank of America Travel Rewards card Rewards

Minimum rewards rate	1.5x
Max rewards rate	1.5x
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	25000
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	3 months

What are the Bank of America Travel Rewards card benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• No blackout dates when redeeming miles
• Travel Assistance
• Reports to major credit bureaus

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

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Bank of America® Travel Rewards Credit Card has a variable purchase APR that ranges from 14.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 14.99% up to 22.99%. It also has a variable cash advance APR that ranges from 17.99% up to 25.99%. 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 card?

The following fees apply:

Bank of America Travel Rewards card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $29
Late Payment Fee	up to $40

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 Credit Card report your account activity to credit bureaus?

Yes, Bank of America® Travel Rewards Credit Card 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 card

• Visit the Bank of America Travel Rewards card 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.