The Financial institution of America® Journey Rewards bank card is an inexpensive and easy journey rewards card with a beneficiant welcome provide and no international transaction charges. It’s appropriate for journey rewards novices and anybody who desires to keep away from an annual payment, however if you would like elevated advantages, contemplate different journey bank cards.
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Annual payment
$0
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Welcome provide
25,000 on-line bonus factors after you make at the least $1,000 in purchases within the first 90 days of account opening – that may be a $250 assertion credit score towards journey purchases.
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Introductory APR
0% Intro APR for 15 billing cycles for purchases and 0% Intro APR for 15 billing cycles for any stability transfers made within the first 60 days
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Buy APR
17.49% – 27.49% Variable APR on purchases and stability transfers
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Rewards fee
- Earn limitless 1.5 factors for each $1 spent on on a regular basis purchases
- No blackout dates or restrictions
- Factors don’t expire so long as your account stays open
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Advantages
- Flexibility to redeem factors for a press release credit score to pay for journey and eating purchases
- No expiration in your factors, so long as the account stays open
- No blackout dates or reserving restrictions
With the Financial institution of America Journey Rewards Credit score Card, you possibly can benefit from two intro APR gives. These gives assist you to pay down debt or cowl a big buy with out worrying about curiosity fees for some time. Word that stability transfers incur charges.
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Financial institution of America Most popular Rewards members can earn 25% (Gold Tier) to 75% (Platinum Honors and Diamond Honors Tiers) extra factors on each eligible buy. Meaning you might earn 1.87x to 2.62x factors on each buy along with your Financial institution of America Journey Rewards card as an alternative of the bottom 1.5x rewards fee.
The Financial institution of America Journey Rewards gives 1.5x factors on each eligible buy. In case you’re a Financial institution of America Most popular Rewards member, you possibly can enhance your earnings by as much as 75% on the Platinum Honors or Diamond Honors Tier, which is as much as 2.62x factors on each eligible buy.
Eligible new cardholders may also earn a welcome bonus of 25,000 bonus factors after spending at the least $1,000 within the first 90 days after account opening.
Associated: Take pleasure in boosted first-year bank card rewards with the greatest bank card sign-up bonuses and welcome gives
The Financial institution of America Journey Rewards gives these redemption choices with its rewards program:
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Assertion credit towards journey and eating purchases: Money rewards might be redeemed as assertion credit to offset eligible journey and eating bills previously 12 months, resembling flights, resort stays, or restaurant payments. The minimal redemption is 2,500 factors. Rewards redeemed this fashion are price $0.01 (2,500 factors = $25).
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Money again: Money rewards might be redeemed as a test or an digital deposit into an eligible Financial institution of America® checking or financial savings account, or as credit score to a qualifying Money Administration Account® with Merrill. The minimal redemption is 2,500 factors. Rewards redeemed this fashion are price $0.006 (2,500 factors = $15).
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Reward playing cards: You’ll be able to redeem factors for numerous forms of reward playing cards at a various redemption worth, relying on the reward card. The minimal redemption is 3,125 factors.
Word that your factors are price extra when redeemed for assertion credit towards journey and eating purchases than for money again.
Remember the fact that you don’t have to fret about blackout dates to make use of your factors to e book journey, because you merely pay along with your card after which redeem factors as a press release credit score towards the eligible buy.
The Financial institution of America Journey Rewards is sensible if you would like a no-annual-fee bank card with flat-rate rewards. It doesn’t have many extra advantages, but it surely’s inexpensive and straightforward to make use of. This makes it an excellent card in case you’re simply beginning out with journey rewards and studying how they work.
Nevertheless, there are higher playing cards accessible if you wish to earn extra rewards in particular classes or benefit from premium journey advantages, resembling airport lounge entry.
Associated: Greatest rewards bank cards
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Beneficiant welcome provide for brand spanking new cardholders
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Simple rewards fee
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Introductory APR gives
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No annual payment
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No international transaction charges
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No switch companions as a redemption possibility
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No bonus classes on the rewards fee
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No premium journey advantages, resembling annual journey credit or airport lounge entry
The Financial institution of America Journey Rewards is a Visa bank card, so it’s accepted at any service provider or retailer that accepts Visa worldwide. As well as, you don’t have to fret about international transaction charges with this card in case you journey internationally.
Associated: Greatest bank cards with no international transaction charges
You may make Financial institution of America bank card funds by means of your on-line account at BankofAmerica.com, by means of the Financial institution of America cell app, or in individual at about 3,700 monetary facilities or over 15,000 ATMs.
To make a fee over the cellphone, name 1-800-236-6497.
If you wish to make a fee by mail, use these addresses:
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Shopper card funds (commonplace supply): PO Field 15019 Wilmington, DE 19850-5019
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Shopper card funds (in a single day supply): Financial institution of America, Attn: Cost Processing DE5-023-03-02 900 Samoset Drive Newark, DE 19713
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Enterprise card funds: Financial institution of America Enterprise Card PO Field 15710 Wilmington, DE 19850-5710
You’ll be able to attain Financial institution of America bank card customer support 24/7 by calling 1-800-732-9194 or the quantity on the again of your card. The worldwide line (fees might apply) is 1-302-738-5719.
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Rewards fee
- 5x factors on journey bought by means of Chase Journey℠
- 3x factors on eating, choose streaming providers, and on-line groceries
- 2x factors on all different journey purchases
- 1x factors on all different purchases
- $50 Annual Chase Journey Resort Credit score
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Advantages
- Complimentary DashPass with $0 supply charges & decrease service charges for a min. of 1 yr while you activate by 12/31/27, plus a $10 promo every month on non-restaurant orders
- Earn as much as $50 in annual assertion credit for resort stays bought by means of Chase Journey
- On each account anniversary, earn bonus factors equal to 10% of your complete purchases made the earlier yr
Why we prefer it: The Chase Sapphire Most popular gives extra redemption choices than the Financial institution of America Journey Rewards, supplying you with extra flexibility along with your factors. This contains transferring factors to journey companions or redeeming factors for journey by means of Chase.
Learn our full Chase Sapphire Most popular overview
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Annual payment
$95
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Welcome provide
Take pleasure in a one-time bonus of 75,000 miles when you spend $4,000 on purchases inside 3 months from account opening, equal to $750 in journey
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Buy APR
19.49% – 28.49% variable
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Rewards fee
- 5x miles on resorts, trip leases, and rental automobiles booked by means of Capital One Journey
- 2x miles on all different purchases
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Advantages
- Obtain as much as a $120 assertion credit score for International Entry or TSA Precheck® utility charges
- Obtain a $50 expertise credit score, room upgrades, and early check-in at eligible resorts
- Entry Hertz’s 5 Star membership tier, providing free upgrades, a wider collection of automobiles, and extra
Why we prefer it: The Capital One Enterprise Rewards beats the Financial institution of America Journey Rewards with its greater incomes fee, extra versatile redemption choices, and extra journey perks. You’ll be able to switch your miles to over 15 journey companions and obtain as much as $120 in credit score for International Entry or TSA PreCheck purposes.
Learn our full Capital One Enterprise Rewards overview
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Rewards fee
- 10x miles on resorts and rental automobiles booked by means of Capital One Journey
- 5x miles on flights and trip leases booked by means of Capital One Journey
- 2x miles on all different purchases
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Advantages
- $300 annual credit score for journey bookings by means of Capital One Journey
- 10,000 annual bonus miles (price $100 in journey spending; begins in your first account anniversary)
- Take pleasure in entry to 1,300+ lounges worldwide, together with Capital One Lounge and Touchdown areas and taking part Precedence Go lounges, after enrollment
Why we prefer it: The Capital One Enterprise X is a premium journey card that gives a number of annual advantages and entry to over 1,300 airport lounges worldwide. This card is a lot better suited to frequent vacationers than the Financial institution of America Journey Rewards card, and it additionally gives a better base rewards fee.
Learn our full Capital One Enterprise X overview
It will depend on your journey and spending habits. A common journey rewards card is sensible if you wish to earn factors or miles on on a regular basis purchases that you could redeem towards your subsequent trip. Nevertheless, you would possibly contemplate an airline bank card or resort bank card in case you’re loyal to a particular airline or resort loyalty program.
You get the best redemption worth through the use of your factors for assertion credit towards eating or journey purchases. This might embrace redeeming factors towards flights, resort stays, or eating at eating places.
The Financial institution of America Journey Rewards doesn’t cost international transaction charges.
Sure, you possibly can redeem factors in your Financial institution of America Journey Rewards Credit score Card for money again or reward playing cards. Nevertheless, these redemption choices present much less worth in comparison with redeeming factors for assertion credit towards journey and eating purchases.
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