BankAmericard Travel Rewards® is a no-brainer credit card for anyone who is willing to obtain points at a good rate and doesn’t want to learn details on travel maximization strategies. No annual fee, good rewards on all purchases – this card is a great option even if traveling for free is not your priority, but a nice addition to credit card.
- No annual fee,
- 0% foreign transaction fee,
- Rewards on all purchases,
- Quite valuable 20,000 signup bonus (worth $200 if redeemed for travel),
- Flexible options for redemption on travel.
- Rewards rate is lower as compared to most other travel cards (1.5 points per $1).
The BankAmericard Travel Rewards® credit card offers 20,000 points signup bonus if you spend $1,000 on this card within first 90 days. This is not the highest signup bonus among travel credit cards, however, it’s quite valuable – if redeemed for credit statement towards travel purchases it’s worth $200. Definitely good reward for $1,000 spent in 3 months.
Points earning and redemption
This card offers flat rewards rate – you earn 1.5 reward points per $1 spent on all purchases. There is no cap for points earning and points never expire as long as you keep your account active and in good statement. What is good for Bank of America clients – those with open checking or savings account – is a 10% bonus on reward points. Thus, if you have an account of certain type at Bank of America, your effective rewards rate will be 1.65 points per $1 spent. For clients of other banks this bonus is unavailable.
Moreover, if you are a member of a Bank of America Preferred Rewards loyalty program, you can boost you bonus on points up to 75%. Bonus boost will depend on your Preferred Rewards tier. If you want to learn more about Preferred Rewards program, please, read our review. According to your tier at Preferred Rewards loyalty program, your effective earning rate will be as listed below:
Amount of points per each $1 spent (effective rate)
No tricks and nothing too much sophisticated. Make purchases and receive lucrative amount of points for them. With this card there is no need to strategically plan your purchases to maximize amount of reward points. Participation in Preferred Rewards loyalty program will help you get as much points as possible.
Another profitable option to earn points on purchases appears when you book hotel stay or airfare through BankAmericard Travel Rewards Center and you pay with the BankAmericard Travel Rewards® credit card. In this case, you will get 3 reward points per each $1.
Redemption of reward points with the BankAmericard Travel Rewards® credit card works as a reimbursement of travel expenses. With the BankAmericard Travel Rewards® credit card first you buy a ticket, and then redeem points to get a compensation of your travel purchase in a form of statement credit.
This is a distinctive feature of this card as compared to many other travel credit cards. With the BankAmericard Travel Rewards® credit card you are not tied anymore to particular hotel or airline partners. Thus, you can use points for free stay at any hotel and for free flight with any airline company according to your budget. Such flexibility of points redemption options on travel makes this card outstanding.
Credit Card Security. In a case if any fraudulent or suspicious activity appears on your card, it is getting blocked and you receive a corresponding notification from the bank. Of course, you also get a $0 Liability Guarantee.
Online Shopping Security. ShopSafe Security Enhancement adds an additional security barrier when you shop online. ShopSafe creates a virtual temporary credit card number that links to the number of your cards, but doesn’t reveal it. Thus, your credit card stays protected and your card data – completely private. ShopSafe is a free service that does not require registration.
Account Alerts. To avoid missed payments, stay tuned to the most important changes related to your account. Choose a suitable type of alerts (text, email, dates, deadlines) and get all the important notification on approaching due dates.
Free FICO Score. You can check your FICO score (updated each month) through online banking or mobile banking application. This option is free and won’t impact your credit score. You also will be able to see which factors affect your credit score the most.
Text Banking. If you need an urgent update on your crucial account information, get it instantly by simply texting to the bank.
Digital Wallet. Add your credit card to one of your devices – smartphone or smartwatch – and make in-app and in-store purchases. Your gadget will be turned into the digital wallet, and, of course, you’ll get the same amount of reward points when making purchases.
Moreover, if you get approved for the Visa Signature version of this card, the list of additional services expands with:
Concierge Service. Experienced assistants will be happy to help you with any issue, big or small, business-related or personal one. If you need to deal with last-minute booking of tickets or you need to reserve a table at a decent place, concierge service is tailored for that.
Hotel Benefits. You will be able to receive room upgrades, free in-room wifi, free breakfast and many other complimentary services.
Travel Protection. When you travel, rely on the Travel and Emergency assistance service, which will help you solve any urgent travel-related issue. Also, you get a reimbursement for the lost luggage.
Comparison with other cards
Big spender. If you spend a lot and you want to earn good rewards on all purchases to redeem them for travel, pay attention to Barclaycard Arrival Plus™ World Elite MasterCard®. With this card you earn 2 miles per each $1 spent, and you get 5% of miles back when you redeem them. In the long run this card appear to be more profitable for big spenders, even compared with the BankAmericard Travel Rewards® credit card combined with Preferred Rewards program and Platinum Honors tier bonus on points.
Frequent traveller who redeems on travel a lot. If travel is a crucial part of your life, consider to apply for Citi ThankYou® Premier Card. With this card you earn 3 points per each $1 spent on travel. It also grants you a 25% of points redemption rate on travel (effective rate – 1.25 cent per 1 points). You also get 2 points per each $1 spent on dining out and entertainment, and 1 points per $1 on all other purchases. This card has a $95 annual fee, but also has a wide list of additional services, perks and benefits.
How much it costs
Annual fee is $0. This card provides you introductory 0% APR for 12 months. After that, a variable 15.99% - 23.99% APR on purchases and balance transfers applies based on your creditworthiness. Cash advances APR is up to 25.99%. Penalty APR up to 29.99% applies indefinitely in cases when you make any payment late. Also, up to $38 penalty fee applies for late payments, and up to $27 penalty fee – for returned payments.
The bottom lineOverall, the BankAmericard Travel Rewards® credit card is a good choice for customers who would like to earn points at a good rate and redeem them for travel, but doesn’t want to dig into the travel maximization strategies. If travel maximization is not your top priority, and you consider points redemption on travel just as a nice addition to the usual benefits of a credit card, the BankAmericard Travel Rewards® credit card is worth to apply. Especially since there is no annual fee.
Spend money on the card as usual, and move slowly but steadily towards the free travel purchases. If such consumer behavior suits you, apply right now.