Who is BankAmericard Travel Rewards Designed For?
The BankAmericard Travel Rewards is a credit card designed for people with good credit who want to earn points they can redeem for travel purchases without paying an annual fee. Its generous 0% introductory rate also make it a good card for those who are planning to make big-ticket purchases.
What are the Interest Rates for BankAmericard Travel Rewards?
- BankAmericard Travel Rewards' interest rates for purchases and balance transfers range from 14.99% to 22.99%, depending on cardholders' credit rating. As with most travel rewards cards the interest rates on this card are high. However, new purchases do have an introductory rate of 0% APR for the first 12 months. Note that the 0% intro rate is only for new purchases not balance transfers.
What Are the Fees for BankAmericard Travel Rewards Credit Card?
- The BankAmericard Travel Rewards doesn't have an annual fee or a foreign transaction fee. It does charge $10 or 5% of the amount, whichever is greater, for purchases of wire transfers from a non-financial institution and for cash advances. It also has a $10 or 3% fee on balance transfers, a $35 fee for late payments, and a $25 fee for returned payments.
What Is BankAmericard Travel Rewards's Rewards Program Like?
BankAmericard Travel Rewards cardholders earn 1.5 points for every $1 they spend. That's it. No categories, limits or other gimmicks to worry about. Not bad for a credit card with no annual fee. Redeeming your hard-earned points is easy. Just use your card to pay for travel and then redeem your points for a statement credit to cover all or part of your travel purchases. This avoids the hassle of having to use a particular airline or travel agent, or having to contend with blackout dates and restrictions.
What about BankAmericard Travel Rewards' Signup Bonus?
BankAmericard Travel Rewards offers a 10,000 signup bonus to cardholders who spend $500 in the first three months. Each point is worth one cent, so 10,000 can be redeemed for a $100 statement credit on travel purchases.
Does BankAmericard Travel Rewards Have Any Other Benefits?
The BankAmericard Travel Rewards offers customers an additional 10% points bonus on every purchase, if they also have a checking or savings account with Bank of America.
Cardholders who are approved for the Visa Signature card also receive 24/7 concierge service, luxury hotel benefits and travel protections, such as lost luggage reimbursement, rental collision damage waiver benefit and travel emergency assistance.
How Is BankAmericard Travel Rewards Better Than Other Credit Cards?
The BankAmericard Travel Rewards is a decent travel rewards card that doesn't require excellent credit and doesn't have an annual fee. It's a good credit card for people who are looking for significant travel savings but don't want the hassle of revolving categories and complicated rewards programs. It is particularly attractive for customers who also have a bank account with Bank of America for the 10% customer points bonus they receive on all purchases.
Although the interest rates on this card are high, the 12-month 0% intro rate on purchases make this a great card for people who want to earn point on large purchases and can pay off the balance within a year.