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A The purpose of this card is clear: Reward everyday spending without complications!
The card BankAmerica Travel offers unlimited 1.5 points for every dollar spent on purchases, and accumulated points do not expire as long as your account remains open.
Furthermore, the card exempts annual fees and international transaction fees, which makes it attractive for those who travel abroad frequently or want to simplify their travel expenses.
Bank of America Travel Reward
No annual fee No luxury benefitsHow Does the Bank of America® Travel Rewards Card Work?
It offers a straightforward approach to earning points for every purchase. You earn 1.5 points per dollar spent on all purchases, making it an excellent choice for people who don’t want to keep track of specific spending categories.
Earning Points: You don’t need to worry about tracking bonus categories. You’ll earn unlimited 1.5 points for every dollar spent, no matter what you buy.
Whether you’re shopping for groceries, traveling, or dining out, you earn the same rate for every purchase.
Additionally, points do not expire as long as your account remains open and in good standing, providing long-term value to your rewards.
Redeeming Points: The points you accumulate can be redeemed for a variety of travel-related expenses, such as flights, hotels, rental cars, or even baggage fees.
There’s no need to worry about blackout dates or restricted booking platforms.
Main Benefits of the Bank of America Travel Rewards Credit Card
The Bank of America® Travel Rewards offers a simple and direct way to accumulate points, with the advantage of earning 1.5 points for every dollar spent on all purchases, with no limits on the number of points you can accumulate.
The fixed points structure makes the card a perfect option for those looking for practicality and convenience, allowing you to take advantage of a rewards program without the need to optimize your purchases to maximize points.
Additionally, Bank of America offers an exclusive benefit to program members Preferred Rewards. If you are part of this program, you can earn up to 75% more points with each purchase.
And depending on your program level, your rewards can grow significantly over time, offering a more effective way to accumulate points on every purchase you make.
This benefit is particularly beneficial for existing Bank of America or Merrill customers, allowing members to further maximize their reward earnings on an ongoing basis.
Another major attraction of the card is the absence of foreign transaction fees, an important benefit for those who often travel abroad.
You can use the card to make purchases anywhere in the world without worrying about additional fees for foreign currency transactions.
Furthermore, purchases made abroad generate points that can be redeemed for future trips, making the card even more advantageous for those who travel frequently.
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Cons of the Bank of America Travel Rewards Credit Card
One of the main points to consider is the lack of specific bonus categories.
Unlike cards that offer more points in categories like dining, transportation or online shopping, Travel Rewards offers the same rate of 1.5 points for every dollar spent on all purchases, without distinction.
Furthermore, the card does not offer exclusive travel benefits that some other cards offer, such as access to airport lounges or travel insurance.
Finally, the point redemption with Bank of America Travel Rewards is restricted to statement credit, exclusively to pay for travel and restaurant-related purchases.
APR and Fees
Bank of America Travel offers a 0% introductory APR rate for 15 billing cycles for purchases and balance transfers made within the first 60 days of account opening.
After this period, the variable APR goes from 18.24% to 28.24%.
This introductory rate is an excellent benefit for those looking to make large purchases or transfer balances, but it’s important to keep in mind that after the introductory period, interest rates can be quite high.
Additionally, the card charges a 3% fee for balance transfers in the first 60 days, which could be a concern for anyone planning to move a significant balance.
After this period, the rate rises to 4%, which may represent an additional cost for those who frequently transfer balances from other cards.
It is worth considering that the card does not charge an annual fee, which makes the card attractive for those who want to accumulate travel rewards without fixed annual costs.
How to apply for the Bank of America Travel Rewards Credit Card
First, you need to access the Bank of America online application page, where you will be asked to provide some basic information such as your name, address and financial details.
After filling out the form, the bank will analyze your credit profile to determine your eligibility for the card.
Once approved, you can immediately start earning points on all purchases made on the card.
