Bank of America® Travel Rewards

Quick Snapshot

• Annual Fee: $0
• APR: 19.24%-29.24% variable
• Rewards: Unlimited 1.5 points per $1 on all purchases
• Bonus: 25,000 bonus points after $1,000 in purchases in 90 days
• Best For: Budget-conscious travelers who want no annual fee and no foreign transaction fees
• Credit Needed: Good to Excellent (670+)

Overview

The Bank of America Travel Rewards card is a no-annual-fee travel card that earns unlimited 1.5 points per dollar on every purchase. Points are worth 1 cent each when redeemed for travel purchases (flights, hotels, car rentals, etc.), making this effectively a 1.5% cash back card for travel. The card also charges no foreign transaction fees, making it a practical companion for international trips.

The 25,000-point sign-up bonus (worth $250 in travel) requires just $1,000 in spending within 90 days, which is one of the most accessible bonus thresholds available. You also get a 0% intro APR for 15 billing cycles on purchases and balance transfers, adding financial flexibility.

Preferred Rewards members can boost the earning rate by 25% to 75%, pushing it to 2.625 points per dollar at the Platinum Honors tier. While the base rate is modest compared to dedicated travel cards, the zero annual fee and no foreign transaction fees make this a strong starter travel card or backup card for international trips.

APR Breakdown

• Purchase APR: 19.24%-29.24% variable
• Balance Transfer APR: 19.24%-29.24% variable
• Cash Advance APR: 29.99% variable
• Penalty APR: 29.99% variable

Note: 0% intro APR for 15 billing cycles on purchases and balance transfers made within 60 days of account opening.

Benefits Overview

Travel Rewards

• Unlimited 1.5 points per $1 on every purchase
• Points redeemable for travel statement credits at 1 cent each
• No caps on points earning
• No foreign transaction fees

Introductory Offer

• 25,000 bonus points worth $250 in travel
• 0% intro APR for 15 billing cycles on purchases
• 0% intro APR for 15 billing cycles on balance transfers made within 60 days

Preferred Rewards Integration

• Gold tier: 1.875 points per dollar
• Platinum tier: 2.25 points per dollar
• Platinum Honors tier: 2.625 points per dollar

Rewards & Points

• 1.5x unlimited points per dollar on all purchases

Points can be redeemed for travel statement credits covering flights, hotels, vacation packages, car rentals, and cruises. Preferred Rewards members enjoy boosted earning rates of up to 2.625x per dollar.

Welcome Bonus

Earn 25,000 online bonus points after making at least $1,000 in purchases within the first 90 days of account opening. The bonus is worth $250 when redeemed for travel statement credits.

Fees Summary

• Annual Fee: $0
• Balance Transfer Fee: 3% (min $10) for the first 60 days, then 4% (min $10)
• Cash Advance Fee: Either $10 or 5% of the amount, whichever is greater
• Foreign Transaction Fee: $0
• Late Payment Fee: Up to $40
• Returned Payment Fee: Up to $29

Who This Card Is Best For

Ideal For

• Budget travelers who want no annual fee and no foreign transaction fees
• Occasional international travelers who need a no-FTF card without paying an annual fee
• Bank of America customers who can boost the rate with Preferred Rewards
• New travel rewards users who want a simple entry into travel credit cards

Not Good For

• Frequent travelers who can justify an annual fee for higher earning rates
• Reward maximizers who want bonus categories for travel and dining
• Points enthusiasts who prefer transferable points to airline and hotel programs

Key Pros & Cons

Pros

• No annual fee ever
• No foreign transaction fees makes it ideal for international use
• Unlimited 1.5x points on every purchase
• 25,000-point bonus with a low $1,000 spending requirement
• 0% intro APR for 15 billing cycles on purchases and balance transfers
• Preferred Rewards can boost the rate to 2.625x
• Simple redemption for travel statement credits
• Points do not expire while the account is open

Cons

• 1.5x base rate is modest compared to cards with annual fees
• Points can only be redeemed for travel, not general cash back
• No travel protections like trip insurance or lost luggage coverage
• No bonus categories for travel or dining spending
• No airport lounge access or TSA PreCheck credit
• Redemption is limited to statement credits for travel purchases
• Best rates require large BofA/Merrill account balances

Alternatives to Consider

How the Rewards Add Up

Example Annual Value

First-year value: $550 ($250 bonus + $300 rewards). With Preferred Rewards Platinum Honors, rewards jump to $525 for a total of $775.

Should You Get This Card?

You Should Get It If...

• You want a no-annual-fee card with no foreign transaction fees
• You travel internationally a few times per year
• You are new to travel credit cards and want a simple option
• You are a BofA customer who can boost the earning rate
• You need a 0% intro APR alongside travel perks
• You prefer a flat-rate card that earns on all spending

You Should Skip It If...

• You want premium travel benefits like lounge access or trip insurance
• You prefer cards with bonus categories for travel and dining
• You want to transfer points to airline or hotel partners
• You spend enough to justify a card with a higher earning rate
• You prefer cash back redemption over travel-only credits

Apply Now

Apply for Bank of America® Travel Rewards

Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.