BankAmericard Travel Rewards® Credit Card Review – No Annual Fee, No Foreign Transaction Fee
If you are a cost-conscious traveler, then the BankAmericard Travel Rewards® Credit Card is the ideal card for you. This is a rewards card tailored for users who travel from time to time, and with no annual fee, no foreign transaction fees or expiration on points, you can conveniently rack up reward points at your own pace.
BankAmericard Travel Rewards Credit Card is offering 20,000 bonus points if you make at least $1,000 in purchases in the first 90 days – that can be a $200 statement credit toward travel purchases.
With BankAmericard Travel Rewards® Credit Card, you’ll earn an unlimited 1.5 points for every dollar you spend. The points can be redeemed for nearly every travel purchase imaginable – not just airfare, hotel stays or car rentals, but also baggage fees, campgrounds, cruise lines, zoos, amusement parks, tourist attractions and exhibits. If you’re a Bank of America® banking customer, you’ll also be able to earn a bonus of up to 75% if you’re eligible for the Preferred Rewards program.
|Credit Cards||Purchase APR||Transfer Info||Annual Fee||Credit Level|
0% intro APR
15.49% - 23.49% Variable APR after that
15.49% - 23.49% Variable APR
|Excellent / Good Credit|
View Card Details
If you spend at least $1000 with the card within your first 90 days of becoming a card member, you receive a bonus of 20,000 points. These bonus points can be worth a $200 travel statement credit. For a card with no annual fee, this is a very valuable sign up bonus.
There is no annual fee and no foreign transaction fees, making the BankAmericard Travel Rewards card especially ideal for those who travel outside of the U.S. You can also use the card as little or as much as you like, without worrying about earning enough to cover an annual fee.
0% APR on purchases
The BankAmericard Travel Rewards® Credit Card offers 0% Introductory APR for 12 billing cycles for purchases, then 15.49% - 23.49% Variable APR.
Earn rewards points
You earn 1.5 base points for every dollar you spend with the credit card, and you will earn 3 points per dollar (consisting of 1.5 base points and 1.5 bonus points) spent in qualifying purchases made through the Bank of America Travel Center (an Orbitz-like site).
Preferred Rewards Program – earn up to 75% rewards bonuses
If you have an active bank account with Bank of America or Merrill Edge Investment, you will earn an additional 10% points bonus which will be added to the base points you earn. For example, if you earn 25,000 base points within a calendar year, you receive a bonus of 2,500 points just for having a qualifying Bank of America checking or savings account. This increases the rewards you earn to 1.65 points for each dollar.
If you are a Bank of America Preferred Rewards customer, this bonus can be as much as 25%, 50% and 75% depending on your eligible tier, which will boost your base rewards to 1.875%, 2.25% and 2.625%. For example, if you earn $100 in base rewards, your Preferred Rewards bonus will add $25, $50 or $75 to your reward earnings, totaling $125, $150 or $175.
There are 3 tiers in the Preferred Rewards program: Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America® banking and/or Merrill Edge® and Merrill Lynch® investment accounts. The following chart shows the minimum balance required to qualify for gold, Platinum, Platinum Honors is $20k, $50k and $100k，respectively.
Note: When your balances increase to qualify you for the next rewards tier, you will be moved up automatically. And once you reach a rewards tier, you’ll keep your program benefits for a full 12 months.
How to redeem points
You can redeem at 2,500 points for a $25 statement credit that is applied to any travel purchases such as airfare, hotel stays, rental cars, cruise lines, campgrounds, or baggage fees, for up to 12 months after the purchase. You can also redeem for $25 gift cards at 3,500 points.
Is this the right card for you?
If you value simplicity and like hassle-free travel credit cards, then the BankAmericard Travel Rewards Credit Card is the right card for you. It is one of the best travel credit cards with no foreign transaction fees and no annual fee out there. It offers a solid 1.5% back on all purchases made, which allows you to earn travel rewards without the limitations of specific purchasing categories. Furthermore, if you already bank with Bank of America or plan to in the future, you can take advantage of the extra points bonus, which will increase your base rewards up to 2.625% on each purchases. If you shop frequently, you can rack up enough points to use as travel credit, resulting in a significantly-sized savings on your next travel.
For non resident alien: you can visit a banking center near you and Bank of America will gladly assist you in completing your application. Please note, you may not be eligible for any incentive offers when applying at a banking center.