How To Use Bank Of America Travel Rewards Points | Bankrate

many credit card issuers boast a lineup of rewards credit cards that let you earn cash back, points or miles on locomotion, and Bank of America is no exception. Although not adenine popular as travel credit rating cards from Chase or American Express, Bank of America locomotion cards can be quite lucrative and flexible—but the specifics will depend on which credit card you sign up for. If you ’ re ready to give Bank of America travel rewards a opportunity, you should find out which Bank of America credit cards let you earn rewards for travel, which travel rewards benefits are offered and how to use Bank of America travel rewards points to your advantage .

Which Bank of America credit cards earn rewards on travel?

The Bank of America credit cards that let you earn travel rewards are : however, the main two Bank of America locomotion rewards cards are the Bank of America Travel Rewards citation poster and the Bank of America Premium Rewards credit card, which we ’ ll profile below.

The Bank of America Travel Rewards credit calling card data was updated on April 1, 2022 .

Bank of America Travel Rewards credit card

  • Welcome bonus: 25,000 bonus points (worth $250) when you make $1,000 in purchases within 90 days of account opening
  • Rewards rate: Unlimited 1.5X points per dollar on all purchases
  • Annual fee: $0
  • Perks: No foreign transaction fees; introductory 0 percent APR on purchases for 15 billing cycles (followed by a variable APR of 14.24 percent to 24.24 percent)

Why we like it: The Bank of America Travel Rewards credit poster lets consumers rack up travel rewards with no annual fee. additionally, the introductory APR offer for purchases can help you save money on interest for a limited clock .

Bank of America Premium Rewards credit card

  • Welcome bonus: 50,000 bonus points (worth $500) when you make $3,000 in purchases within 90 days of account opening
  • Rewards rate: Unlimited 2X points per dollar on travel and dining; 1.5X points per dollar on all other purchases
  • Annual fee: $95
  • Perks: Up to $100 in airline statement credits per year; up to $100 toward Global Entry or TSA PreCheck membership every four years; no foreign transaction fees

Why we like it: The Bank of America Premium Rewards citation card offers 2X points on travel and dining purchases, plus 1.5X points per dollar spent on all other purchases. It besides comes with several travel credits and no fees on alien transactions. In comparison, the Chase Sapphire Preferred® Card, another exceed founder travel credit calling card, comes with a $ 95 annual tip, a more generous welcome bonus worth $ 1,000 ( Earn 80,000 bonus points after you spend $ 4,000 on purchases in the first gear 3 months from report possibility. That ’ s $ 1,000 when you redeem through Chase Ultimate Rewards® ), travel credits and a 25 percentage points boost on travel booked through Chase Ultimate Rewards. With the Chase Sapphire Preferred card you ’ ll earn : 5X points on travel through Chase Ultimate Rewards and Lyft Rides ( Lyft offer through March 2025 ) ; 3X points on dining, select streaming services and on-line grocery purchases ( excluding Walmart, Target and wholesale clubs ) ; 2X points on other travel ; and 1X points on early purchases .

Bank of America co-branded travel cards

Bank of America besides offers a surprise number of co-branded travel credit cards that are geared to loyalists with specific brands. These include :

How to redeem Bank of America travel rewards points

When it comes to redeeming your Bank of America travel rewards, your options can vary depending on the poster you have. For exercise, the Bank of America Premium Rewards credit card lets you cash in your rewards for travel bookings through the Bank of America Travel Center, deposits or statement credits to an eligible Bank of America or Merrill history, and endow cards.

With the Bank of America Travel Rewards credit batting order, you can redeem your points for cash, statement credits, endowment cards or travel-related purchases. Unlike with other travel rewards programs, you can use your tease to book change of location anywhere you want, such as dismiss travel sites. Travel-related purchases besides include eligible dine, cabaret, in-flight and museum purchases, among others. From there, you can redeem your points for a travel credit statement through your Bank of America report .

How to maximize Bank of America travel rewards

To get the most of your change of location rewards points with Bank of America, you should try to be adenine strategic as you can. When you go to redeem points, consider the ways you may be able to earn more points on your spend and any ways you can maximize your rewards .

Join the Bank of America Preferred Rewards program

One major way to boost your Bank of America travel rewards involves signing up for the Bank of America Preferred Rewards program. Doing so can net you an extra 25 percentage to 75 percentage more in rewards for each dollar you spend. however, note that you do need to meet certain qualifications to enroll in this broadcast, including :

  • An active, eligible Bank of America checking account
  • A three-month combined average daily balance of $20,000 or more in eligible Bank of America accounts and/or Merrill investment accounts

besides, keep in mind that the Bank of America Preferred Rewards platform offers extra perks like savings boosters and loan discounts for members with cash on deposit. The trace chart shows how much more you could earn in rewards as a member, arsenic well as how much you need to keep in eligible accounts to qualify for each tier .

Gold Platinum Platinum Honors
3-month combined average daily balance requirement $20,000 to $50,000 $50,000 to $100,000 $100,000 or more
Credit card rewards bonus 25% 50% 75%

While the minimum balance requirements are high, the Bank of America Preferred Rewards broadcast can help you earn well more points on your outgo if you qualify. For case, Bank of America Premium Rewards accredit card members in the Platinum Honors tier have the electric potential to earn up to 3.5X points for every dollar spent on travel and dine purchases and up to 2.62X points on other purchases. besides, it ’ randomness worth noting that there are two more Bank of America Preferred Rewards course of study tiers, Diamond and Diamond Honors. These tiers are lone available to secret clients .

Compare pricing in the travel portal

Keep in mind that the Bank of America Travel Center lets you make travel bookings with over 200,000 hotels and resorts and more than 200 airlines, among other options. Since some Bank of America travel rewards credit cards let you redeem your points for either travel-related affirmation credits or travel booked through the Bank of America Travel Center, you should compare the prices offered in the travel portal site with early locomotion sites. By comparing prices, you can make certain you get the best deal .

Pick a card with an annual fee

last, make sure to think about your goals before you sign up for a travel credit wag from this issuer. After all, a card with an annual tip comes with more benefits and perks. For exercise, when you pay the $ 95 annual tip for the Bank of America Premium Rewards card, you ’ ll get in come back a much larger sign-up bonus, significantly more rewards on travel and dining spend, up to a $ 100 airline fee credit and up to a $ 100 citation toward Global Entry or TSA PreCheck membership every four years. All of this could easily leave you “ ahead ” in a fiscal smell.

The bottom line

Bank of America travel rewards can work differently depending on the card you sign up for, so make sure to compare all the rewards wag options available before you decide on a calling card. In the interim, spend some time comparing cards from this issuer to early travel rewards credit cards from Citi, Chase, American Express and other major issuers. You may find that Bank of America has what you ’ rhenium looking for in a travel rewards calling card, but you ’ ll never know for certain unless you check. The Bank of America content in this post was concluding update on 03.22.2022. The information about the norwegian Cruise Line® World Mastercard®, Free Spirit® Travel More World Elite Mastercard®, Allegiant World Mastercard®, Amtrak Guest Rewards® World Mastercard®, Air France KLM World Elite Mastercard®, Sonesta World Mastercard®, Royal Caribbean Visa Signature® Credit Card, Virgin Atlantic World Elite Mastercard® and Celebrity Cruises Visa Signature® Credit Card has been collected independently by Bankrate.com. The tease details have not been reviewed or approved by the wag issuer .

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