BankAmericard Travel Rewards® Credit Card, provided by Bank of America (NYSE:BAC), is a travel rewards card for US residents who want to earn points on their spending while enjoying a low introductory APR on purchases. For a card without any annual fee, I’m pleased to say that this Visa (NYSE:V) card ranks as one of the top cards in the US market for those of you who travel often and who make frequent purchases through the Bank of America Travel Center as you will earn additional points on qualifying purchases you make there.
Here I’ve done a detailed review of the rewards the BankAmericard Travel Rewards® Credit Card offers, as well as what you should watch out for if you apply for this card.
Things We Like About This Card
$0 annual fee. Pay $0 annual fee with this card to enjoy its benefits.
With this online exclusive offer you earn 10,000 points after spending $500 on qualified purchase(s). You will earn these 10,000 points if you make at least $500 in purchases with your card within the first 90 days of account opening. These bonus points can be redeemed for a $100 statement credit towards your travel purchases, and are only for new cardmembers. Spending $500 during the first 3 months shouldn’t be a problem as you’ll only have to spend less than $167 in each of the first 3 months to get these bonus points.
Enjoy 0% intro APR for the first 12 billing cycles on purchases. After this introductory period, you’ll have a variable APR between 14.99%- 22.99%, depending on your creditworthiness. I recommend that you pay off your balance once this introductory period is over if you want to avoid paying interest.
Earn 3 points per dollar spent on qualifying airline and other purchases made at the Bank of America Travel Center. You will earn 3 points per $1 (1.5 base points and 1.5 bonus points) on up to $6,000 spent on airfare purchased through the Travel Center each calendar year. So this means you can earn up to 9,000 bonus points ($6,000 x 1.5 bonus points) yearly on airfare alone. Any amount above $6,000 on airfare bought through the Travel Center will earn the basic 1.5 points per dollar, without the bonus part. You will also receive 3 points per dollar on all other purchases you make at Travel Center, excluding insurance purchases, with no limit on points earned.
Earn 10% bonus points of the amount of net purchases you make each year if you have another qualifying account.
Rewards begin at 2,500 points. There is a wide variety of things you can redeem your points for, such as cash, travel credit, gift cards or charity donations. Should you want to redeem for a travel credit, it will be shown as a statement credit to deduct from your qualifying travel purchases (including travel purchases such as airfare, accommodation, baggage fees, car rentals etc). 2,500 points equal $25 of travel credit, and you may redeem any number of points as long as you have a minimum of 2,500 points.
No limit to the points you can earn, and points don’t expire. Points are useful to you regardless of when you feel like using them and how long you decide to accumulate them before their redemption.
No foreign transaction fee. When making purchases in a different currency or in a different country, you won’t be charged any foreign transaction fee, which many other credit cards will charge.
Chip card. You can opt for a chip card so that you get added security, and also ease of use when you use the card in Europe.
Our Least Favorite Things About This Card
No 0% intro APR on balance transfers. This card has a 14.99%-22.99% APR on balance transfers, so if you are looking to transfer an existing card balance onto a new card that has 0% intro APR on balance transfers for a certain period of time, you should consider the BankAmericard Cash Rewards™ credit card (read our review of BankAmericard Cash Rewards) that offers 0% intro APR for the first 12 months for balance transfers made within the first 60 days, then 12.99% – 22.99% variable APR.
Cash reward checks will expire 90 days after they are issued. You have 3 months to cash your check, so this shouldn’t be a problem.
BankAmericard Travel Rewards® Credit Card is an excellent credit card for you if you like to travel and want to earn 3 points per dollar spent on airfare booked though the Bank of America Travel Center, up to $6,000 of airfare per year. The 0% intro APR on purchases for the first 12 billing cycles is also a big plus if you plan on making a big purchase within the first few months of card membership so that you can take advantage of the 12 billing cycles in which you’ll enjoy 0% intro APR on purchases.
One of the most attractive features about the BankAmericard Travel Rewards® Credit Card is its online exclusive offer that lets you earn 10,000 bonus points that you can redeem for $100 in travel rewards – after making at least $500 in purchases within the first 90 days of card membership without having to pay any annual fee.
Click here to go to the official Bank of America website to apply online for BankAmericard Travel Rewards® Credit Card now.