Is Bank of America travel rewards a good card?
The Verdict: The Bank of America® Travel Rewards credit card is a very good option for people with excellent credit who want to reduce the cost of travel without paying an annual fee.
The Bank of America Travel Rewards card’s points keep on coming, at a rate of 1.5 per $1 spent on all purchases, all the time.
How do I redeem my Bank of America Travel Rewards?
You can redeem your points by signing in to your online account at bankofamerica.com, logging into your account on the BofA mobile app, or calling (888) 268-7800. The Bank of America Travel Rewards card gives at least 1.5 points for every $1 you spend, so that can add up quickly.
How Does Bank of America Travel Rewards credit card work?
The Bank of America® Travel Rewards credit card lets you redeem points for a statement credit for travel expenses like flights, hotels, cruises, rental cars and baggage fees. You earn 1.5 points per dollar spent on everything you charge on the card, period.
Does Bank of America credit card covers trip cancellation?
The Bank of America® Premium Rewards® credit card provides reimbursement of up to $5,000 per person, per trip, for unused prepaid nonrefundable travel expenses including passenger fares, tours and hotels if you have to cancel due to a covered reason.
What credit score do I need for Bank of America Travel Rewards?
Requires Excellent Credit: The Bank of America Travel Rewards credit card would be much more appealing if more people could get it. Instead, you need a credit score of 750 or higher to have a good chance of being approved.
Is a travel rewards credit card worth it?
Travel Rewards and the Monthly BalanceThe more money you charge on a travel rewards card, the more points or miles you get. If you are able to pay off your credit card balance monthly, the travel rewards you get might be worth it.
Do Bank of America Travel Rewards points expire?
The Bank of America® Travel Rewards Visa® credit card is an excellent option for frequent travelers who want flexible rewards but just can’t bring themselves to pay an annual fee for a credit card. Rewards never expire as long as the account is open, and they can be redeemed for credit against any travel purchase.
How much are Bank of America Travel Rewards points worth?
Bank of America Travel Rewards points have a value that can vary between 0.6 cents and 1 cent per point. Bank of America Premium Rewards points have a flat value of 1 cent per point, so cash back is your best option.
Should I redeem points for cash?
“Getting more points for airline miles or hotel points is great,” Huffman says, “but if you aren’t traveling for a while, redeeming your points for cash back to invest, pay off debt or splurge on a fun experience is a better option.” If you decide to save your cash rewards, you must monitor your account.