Pros And Cons of the Bank of America Travel Rewards Credit Card

25

Traveling with a credit card has a lot of perks, including convenience and ease of payment. If you don’t have enough cash, you can use your card for different transactions abroad.

The Bank of America Travel Rewards Credit Card is not an ordinary travel card; it helps you earn more points for every dollar you spend. These points can be redeemed for flights, hotels, tour packages, cruises, baggage fees, and more.

Interested in applying for this card? Read on to know more about the requirements, pros, and cons associated with this credit card.

Bank Of America Travel Rewards Credit Card Features

If you’ve been wanting to get a credit card with no annual fee that has a low-interest rate, the Bank of America Travel Rewards Credit Card is a great choice. For every $1 spent using this card, you can earn 1.5 points, with no expiration.

Another awesome thing about this credit card is the lack of foreign transaction fees, meaning you can use the card for different transactions without additional penalties on top of the bill.

To top everything off, this card has a huge sign-up bonus of 25,000 points if cardholders spend $1,000 in purchases within the first 90 days of account opening. This is a deal with a value of $250 that can go towards travel!

Bank Of America Travel Rewards Credit Card APR, Interest Rate & Fees

  • Annual Fee – $0
  • Interest Rate – 17.24% to 25.24% variable
  • Balance Transfer Rate – 17.24% to 25.24% variable
  • Balance Transfer Fee – 3% of each transaction (minimum of $10)
  • Cash Advance Rate – 20.24% to 27.24%
  • Cash Advance Fee – 3% or minimum $10
  • Foreign Transaction Fee – $0
  • Late Payment Fee – Up to $39
  • Returned Payment Fee – Up to $28

Bank Of America Travel Rewards Credit Card Pros

The pros of having this credit card are the promises of no annual fees or foreign transaction fees, generous flat rewards, the flexibility to use it outside America, and the generous rewards system. You can also enjoy a generous 0% APR for the first 12 cycles!

Bank Of America Travel Rewards Credit Card Cons

If you are a huge spender, there are credit cards that offer higher rewards compared to what this card can offer. In addition, this card requires minimum points needed to redeem rewards, such as 3,125 points for gift cards and 2,500 points for travel and cash rewards.

Bank Of America Travel Rewards Credit Card Eligibility

To qualify as a cardholder, interested applicants must be at least 18 years old, employed, and have a good credit rating.

Bank Of America Travel Rewards Credit Card Application Process

To apply, you can visit the Bank of America website and tap on the Apply Now button. You need to provide your personal information, such as your social security number, address, full name, total income, and employment details.

Applicants can also apply through phone by calling 800 932 2775 or visiting the nearest Bank of America branch.

Bank Of America Travel Rewards Credit Card Limit

The credit limit is determined by the bank, depending on a number of factors, including annual income, capacity to pay, and credit score.

Bank Of America Head Office Address and Contact Information

To connect with a Bank of America representative, you can visit their main office in Charlotte at this address: Bank of America Corporate Center, 100 North Tryon Street, North Carolina. The hours are Mon to Fri 8 am to 9 pm. You can also call their hotline at 800 934 5626 or 800 432 1000 for online banking support.

What Next?

Overall, the Bank of America Travel Rewards Credit Card is best suited for individuals who travel and spend often overseas. With it’s no annual and no foreign transaction fee features, cardholders can save money on the interest rate on purchases made outside the United States.

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.