bank of america travel rewards card benefits

Bank of America Travel Rewards credit card review: Simplicity for points beginners

Bank of America Travel Rewards credit card overview

The no-annual-fee Bank of America® Travel Rewards credit card has the potential to be a solid flat-rate card if you are a member of the Bank of America Preferred Rewards® program . However, without the Preferred Rewards earning bonus, the card falls short compared to other flat-rate cards on the market. Card Rating*: ⭐⭐⭐

* Card Rating is based on the opinion of TPG's editors and is not influenced by the card issuer.

For beginners, points and miles can seem daunting. When I first started earning credit card rewards, the idea of transferring points and trying to find the absolute best redemptions was exciting but also nerve-wracking — and I'm not alone. Many beginners give up on using credit card rewards to pay for travel because it seems too complicated.

That's where an option like the Bank of America Travel Rewards credit card comes into play. It has no annual fee and a recommended credit score of 670. Points and miles experts will likely not be amazed at the perks and redemption options, but the simplicity of this card's earning rate and redemption process provides a nice starting point for beginners.

Let's dig into the card details so you can decide if it's right for you.

Bank of America Travel Rewards welcome offer

The Bank of America Travel Rewards credit card is currently offering 25,000 bonus points after you make at least $1,000 in purchases in the first 90 days of account opening. These points are redeemable at a flat rate of 1 cent per point toward travel or dining purchases, so this bonus is worth $250 — a solid offer but significantly less valuable than what you'll find on other top travel cards .

It's not a flashy bonus, but it is easy to hit since the minimum spending requirement works out to $11.11 per day. And since the card has no annual fee, you're essentially earning rewards on purchases you would have normally made without any up-front cost.

Bank of America does have a 24-month restriction , though the details vary from card to card. The wording for the Travel Rewards card states:

"This card may not be available to you if you currently have or have had the card in the preceding 24 month period."

This means that you can get a second Travel Rewards card if you held one before but must wait 24 months after closing your old account before opening a new one.

Related: The ultimate guide to credit card application restrictions

Bank of America Travel Rewards benefits

The real benefit of the Bank of America Travel Rewards is its simplicity. There are no bonus categories, earning caps or transfer partners. For beginners, that can be a great way to start a points and miles journey.

The card offers an unlimited 1.5 points for every dollar spent on all purchases. Your points don't expire as long as you keep your account open. You'll also enjoy no booking restrictions when you redeem your points and will pay no foreign transaction fees when you swipe the card outside the U.S.

As expected with a no-annual-fee card, you won't get luxury perks with this card. However, since it is a Visa Signature card, you will still have access to certain travel protections and benefits, including:

• Auto rental insurance
• Zero fraud liability
• Roadside assistance

Again, this isn't an extensive list of benefits, but it's decent for a no-annual-fee card.

Related: How to build a no-annual-fee card strategy

Earning points on the Bank of America Travel Rewards

The Bank of America Travel Rewards card has a simple earning structure, but there's more than meets the eye. You'll earn unlimited 1.5 points per dollar on every purchase. There's no yearly cap on rewards earned, and your points won't expire for as long as your account is open.

This is a fairly standard earning rate for a no-annual-fee card, though you can find cards with more competitive reward structures . However, the rewards structure becomes much more valuable if you qualify for the Bank of America Preferred Rewards program .

To enroll in Preferred Rewards, you'll need an eligible Bank of America personal checking account and a three-month average balance of at least $20,000 across your Bank of America and Merrill accounts. There are four levels of Preferred Rewards, and each comes with an earning bonus on the Travel Rewards card.

As you can see, those with Platinum Honors and Diamond can earn 2.625 points per dollar on every purchase, which is an impressive return for everyday purchases. Plus, you'll get a savings account interest bonus, discounted banking and investing fees, and discounted rates on auto loans and mortgages.

Still, if you aren't a Preferred Rewards member, the earning rate of 1.5 points per dollar is lackluster.

Related: Stop ignoring Bank of America Preferred Rewards

Redeeming points on the Bank of America Travel Rewards

Bank of America points act more like cash-back rewards since each point is worth a flat 1 cent . You can redeem them as a statement credit for travel or dining purchases (starting at a minimum of 2,500 points). When you make a purchase, simply login, log in to your account and select any qualifying transaction from the previous 12 months.

Although travel enthusiasts may see this as a disadvantage, beginners might rejoice at this no-stress process. You don't have to think about maximizing reward redemptions or figuring out the best transfer partner for booking your travel, which can be a headache for someone looking for a simple, no-frills way to earn and use their points.

You can also use your points for a cash reward — a check or a deposit into a qualifying Bank of America account. However, you'll get a value of just 0.6 cents per point this way (2,500 points = $15), so you're much better off using them for travel or dining purchases.

Finally, you can redeem your points for gift cards, though the exact value varies by merchant.

Related: The best Bank of America credit cards of 2024

Which cards compete with the Bank of America Travel Rewards?

One of these may be a better fit if you want more perks or a different earning structure than the Bank of America Travel Rewards offers.

• If you want more perks : The Bank of America® Premium Rewards® credit card is a mid-tier travel card with a $95 annual fee. It earns the same 1.5 points per dollar base rate as the Travel Rewards card, but you'll also earn 2 points per dollar on travel and dining purchases and get more travel perks. For more information, see our full review of the Premium Rewards card .
• If you want more flexible rewards : The Capital One VentureOne Rewards Credit Card earns 1.25 miles per dollar spent on everyday purchases and 5 miles per dollar on hotels and car rentals purchased through Capital One Travel. However, the card shines by giving you access to the issuer's 15-plus transfer partners , including British Airways, Turkish Airlines and Wyndham. For more information, see our full review of the Capital One VentureOne Rewards .
• If you want even more cash back: The Chase Freedom Unlimited is another great no-annual-fee card option and offers 5% cash back on travel purchases through the Ultimate Rewards portal, 3% back at restaurants and drugstores and 1.5% back on all other purchases. For more information, see our full review of the Freedom Unlimited .

For additional options, check out our full list of the best cash-back credit cards .

Related: How to choose a cash-back credit card

Is the Bank of America Travel Rewards worth it?

If you're looking for simplicity in how you earn and redeem points, the no-annual-fee Bank of America Travel Rewards credit card could be a good option for you, especially if you're a Bank of America Preferred Rewards customer. However, more seasoned points and miles travelers will likely want a card with higher earning rates and more redemption options.

Bottom line

The Bank of America Travel Rewards card offers a simple earning rate and redemption options many beginners will appreciate. However, frequent travelers who want better earning rates and the flexibility of transfer partners should consider other options.

Apply here: Bank of America Travel Rewards credit card

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Is the Bank of America Travel Rewards Credit Card Worth It?

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The Bank of America® Travel Rewards credit card offers you a simple way to earn valuable rewards on a travel credit card with a $0 annual fee. This is a good card to consider if you don’t like the restrictions of airline and hotel loyalty programs but want straightforward earning and easy redemption options.

Here are the features to consider when deciding whether the Bank of America® Travel Rewards credit card will be worthwhile for you.

Valuable welcome offer

The Bank of America® Travel Rewards credit card currently has a nice welcome offer: 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.

Reward earnings

This card offers a very straightforward way to earn rewards. You don’t have to worry about rotating categories or extra rewards in certain purchase categories. You simply earn 1.5 points per dollar on all purchases. If you book travel with the Bank of America Travel Center, you earn 3 points per dollar.

If you are a member of the Bank of America Preferred Rewards® Rewards program, your points-earning rate on the card goes up.

To qualify for the Bank of America Preferred Rewards® program, you need to hold a certain minimum balance in a Bank of America® checking or savings account or through investments with Merrill Lynch or Merrill Edge.

Gold members in the Bank of America Preferred Rewards® program earn a 25% bonus when they use this card while Platinum status Bank of America Preferred Rewards® members get a 50% bonus and top tier Platinum Honor members get a 75% bonus.

» Learn more: How to choose a travel credit card

Redeeming your points

Redeeming your rewards for travel expenses is extremely easy. There are no complicated award charts or blackout dates to worry about.

You have the flexibility to book your travel however you want, then use your points to redeem as a statement credit against your travel charge at a rate of 1 cent per point. It's that simple.

The points from your Bank of America® Travel Rewards credit card can be used for flights, hotels, cruises, car rentals, baggage fees, zoos, amusement parks, tolls and many other travel expenses. In most cases, you have up to 12 months after you make a travel purchase to redeem your points for a statement credit.

If you redeem your points for cash back instead of travel credits, your points are worth about 0.6 cent per point. For example, if you redeemed 2,500 points for cash, you would receive $15 in rewards. So your points have more value when redeemed for travel charges than for cash back.

» Learn more: 3 surprising ways you can redeem your Bank of America Travel Rewards

Foreign transaction fees

If you look at other popular no-annual fee credit cards, they charge up to a 3% foreign transaction fee.

The Bank of America® Travel Rewards credit card has no foreign transaction fees, which makes it a great choice when traveling outside the country.

Other benefits

The Bank of America® Travel Rewards credit card has a few other benefits useful for travelers:

Bank of America® offers a great benefit for museum lovers. Your Bank of America® Travel Rewards credit card gives you access to Museums on Us. Through this program, you will get access to more than 225 museums across the country, for free, on the first full weekend of every month.

The Bank of America® Travel Rewards credit card features chip technology for extra security and easy use at over 130 countries.

Fraud protection is also a stable of the card and you'll be protected with a $0 Liability Guarantee and also get alerted of suspicious activity on your account.

Is the Bank of America® Travel Rewards credit card worth getting?

Even though this credit card offers no annual fee and has a valuable welcome offer, unless you hold Platinum or Platinum Honor status with the Bank of America Preferred Rewards® program, this credit card has a reward rate that's less than a 2% cash back credit card.

But, if you have higher levels of status with Bank of America®, this could be a great option for earning great rewards with no annual fee.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

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Credit Cards > Reviews

Bank of America Travel Rewards credit card review: A travel credit card for the fee-averse

Glen Luke Flanagan

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Updated 11:13 a.m. UTC March 29, 2024

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Editorial Note: Blueprint may earn a commission from affiliate partner links featured here on our site. This commission does not influence our editors' opinions or evaluations. Please view our full advertiser disclosure policy .

The Bank of America® Travel Rewards credit card offers a simple approach to rewards, with a base rate of 1.5 points per $1 on purchases — and the chance to earn up to an impressive flat rate of 2.62 points per dollar on purchases for being a Bank of America Preferred Rewards® member. 

Why trust our credit card experts

Our team of experts evaluates hundreds of credit cards and analyzes thousands of data points to help you find the best card for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below.

• 50+ cards analyzed.
• 8 data points considered.
• 5-step fact-checking process.

Bank of America Travel Rewards credit card basics

• Annual fee: $0.
• Welcome bonus: 25,000 points after spending $1,000 on purchases in the first 90 days of account opening.
• Rewards: Earn 1.5 points per $1 on purchases, with the chance to earn 25% to 75% bonus points as a Bank of America Preferred Rewards customer. Also, earn an additional 1.5 points per dollar on Bank of America Travel Center purchases.
• APR: 0% intro APR for 15 billing cycles for purchases and any balance transfers made in the first 60 days, followed by a 18.24% to 28.24% variable APR. A 3% intro balance transfer fee will apply for the first 60 days; then a 4% fee applies to future balance transfers.
• Preapproval tool: Yes.
• Recommended credit score: Good to excellent.

Bank of America® Travel Rewards credit card

Welcome Bonus

• 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases.

Regular APR

Credit score.

Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.

Editor’s Take

• 15 billing cycles of intro APR financing on both new purchases and on qualifying balance transfers.
• Earn an unlimited 1.5 points per $1 on purchases.
• No foreign transaction fees so it’s a good choice to use abroad.
• Points must be redeemed towards eligible travel and dining purchases for maximum redemption value.
• You can’t transfer rewards to airline or hotel partners.

Card Details

• Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire as long as your account remains open.
• Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions.
• Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
• 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% – 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
• If you’re a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
• Contactless Cards – The security of a chip card, with the convenience of a tap.
• This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Bank of America Travel Rewards review

The Bank of America Travel Rewards credit card is a mainstay among no-annual-fee travel credit cards . This card offers a flat 1.5 points per $1 on purchases, but if you’re a loyal Bank of America or Merrill customer, you may be able to earn as much as 2.62 points per dollar on purchases. You’ll also earn more rewards when you use your card to book travel through the Bank of America Travel Center.

With no annual fee , the card doesn’t offer much in the way of travel benefits. But its welcome bonus is solid, giving you 25,000 points after spending $1,000 on purchases in the first 90 days of account opening. And if you need an introductory APR promotion, this card offers a lengthy one, 0% intro APR for 15 billing cycles for purchases and any balance transfers made in the first 60 days, followed by a 18.24% to 28.24% variable APR. A 3% intro balance transfer fee will apply for the first 60 days; then a 4% fee applies to future balance transfers.

The card can be a great introduction to travel rewards for someone who prefers to avoid an annual fee, and it can also be a great way for certain Bank of America or Merrill customers to maximize their rewards on every purchase. But if you’re serious about travel rewards and perks, a different card may be a better fit, even if it charges an annual fee. 

• Intro APR offer: The card’s intro offer is helpful for anyone wanting extra time to pay off a big purchase or looking to tackle some debt.
• Relationship bonus: Those who are already banking with Bank of America or Merrill can earn higher rewards based on their relationship tier via the bank’s Preferred Rewards program.
• Simple travel rewards: Navigating travel rewards can be complicated with some credit card programs. The flat-rate rewards on this card are relatively simple to earn and use.
• No notable travel benefits: If you want added benefits when you travel, such as robust travel protections, airport lounge access or reimbursement for the Global Entry application fee, you may be disappointed with this card.
• No everyday bonus categories: You can earn extra points when you book travel through Bank of America, but the card doesn’t offer any other bonus categories. 
• Steep price to maximize rewards: To earn the highest rewards rate possible, you’ll need a three-month combined average daily balance of at least $100,000 in eligible Bank of America deposit accounts or Merrill investment accounts. 

The Platinum Card® from American Express

Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on the Card in your first 6 months of Card Membership.

• Over $1,500 in travel and entertainment credits can offset the annual fee.
• Comprehensive lounge access benefit.
• Generous travel and purchase protections.
• High annual fee and spending requirements.
• Amex’s once-per-lifetime rule limits welcome bonus eligibility.
• Annual statement credits have limited use.
• Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
• Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
• $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
• $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
• $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
• $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
• $300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
• $189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
• $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
• Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
• $300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only. Enrollment Required.
• Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
• $695 annual fee.
• Terms Apply.

Bank of America Travel Rewards credit card rewards

The card offers a flat base rate of 1.5 points per $1 on purchases. However, if you use your card to book travel through the Bank of America Travel Center, you’ll earn 3 points per $1 on those purchases — an extra 1.5 points per $1 on top of the base rewards rate.

Additionally, the card earns 25%, 50% or 75% more points per purchase if you’re eligible for the Bank of America Preferred Rewards program. To join, you must have a three-month combined average daily balance of at least $20,000 in eligible Bank of America deposit accounts or Merrill investment accounts. 

Depending on which Preferred Rewards tier you qualify for, you can earn between 1.87 to 2.62 points per dollar on most of your purchases with this card. Note, however, that this bonus doesn’t apply to the card’s welcome offer.

The welcome offer provides 25,000 points after spending $1,000 on purchases in the first 90 days of account opening. 

To redeem your rewards, simply use your card to pay for eligible travel or dining purchases, then request a statement credit with your points within 12 months of the transaction date. You can also redeem points for cash or gift cards, but you’ll only get 0.6 cents per point with cash redemptions — and gift card redemption values can vary. As a result, it’s best to stick to travel and dining statement credits.

Bank of America Travel Rewards credit card rewards potential

Using government data and other publicly available information, we estimate that a household in the U.S. that would be in the market for this card has an annual income of $84,352 and $25,087 in expenses they are likely to be able to charge to a credit card.

If you’re earning the base rate of 1.5 points per $1 on purchases, you could earn $376.31 worth of points every year. If you’re a Bank of America Preferred Rewards customer, though, you could earn up to $657.28 in value.

Bank of America Travel Rewards credit card APR details

As a new cardholder, you’ll get a 0% intro APR for 15 billing cycles for purchases and any balance transfers made in the first 60 days, followed by a 18.24% to 28.24% variable APR. A 3% intro balance transfer fee will apply for the first 60 days; then a 4% fee applies to future balance transfers. That’s a rare benefit among travel credit cards, so it’s even more impressive that it’s also a relatively lengthy intro APR period.

Bank of America Travel Rewards credit card vs. Discover it® Miles

If you’re a big spender, you could benefit from a big bonus offer from the Discover it Miles . The card offers 1.5 miles per $1 on purchases, and Discover will automatically match all miles earned at the end of the first cardmember year, with no limit to how many miles you can earn. 

You can redeem miles as a statement credit for travel purchases made up to 180 days after they post, for cash back to a bank account or you can use them to shop online at Amazon.com and through PayPal. 

The card also has no annual fee and no foreign transaction fee, but keep in mind that if you plan to travel abroad, Discover is not widely accepted internationally.

Bank of America Travel Rewards credit card vs. Capital One Venture Rewards Credit Card * The information for the Capital One Venture Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

For a modest $95 annual fee, the Capital One Venture Rewards Credit Card * The information for the Capital One Venture Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers substantial rewards value. As a new cardholder, you’ll earn 75,000 miles after spending $4,000 on purchases in the first three months of account opening. You’ll also earn 5 miles per $1 on hotels and rental cars booked through Capital One Travel and purchases through Capital One Entertainment and 2 miles per $1 on other purchases. 

You can redeem miles as statement credits for past travel purchases, use them to pay for Capital One Travel bookings or transfer them to airline or hotel loyalty programs.

In terms of perks, you’ll get an application fee credit toward Global Entry or TSA PreCheck (up to $100), two complimentary annual visits to Capital One Lounges or Plaza Premium Lounges, Hertz Five Star status¹, bonus miles on Turo car rentals and more. 

Bank of America Travel Rewards credit card vs. Chase Sapphire Preferred® Card

The Chase Sapphire Preferred offers 60,000 points after spending $4,000 on purchases in the first three months of account opening. You’ll also earn 5 points per $1 on travel purchased through Chase Travel℠, 3 points per $1 on dining, select streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per $1 on all other travel purchases and 1 point per $1 on all other purchases. 

Points are typically worth 1 cent each (though the value may vary for certain redemptions). Redemption options include cash back, statement credits, gift cards, Apple purchases and online shopping. You can also use them to book travel through Chase Travel℠ and receive 25% more value per point, or transfer your points at a 1:1 rate to airline and hotel loyalty programs. 

The card also offers a $50 annual statement credit for hotel stays booked through Chase Travel, as well as partner benefits with Lyft, Instacart, DoorDash and Peloton. There’s a $95 annual fee.

Finally, the Sapphire Preferred provides a robust lineup of travel benefits, including trip cancellation and interruption insurance, trip delay reimbursement, baggage delay reimbursement and primary rental car insurance .

Should you get the Bank of America Travel Rewards credit card?

If you’re a Bank of America Preferred Rewards member, the Travel Rewards credit card can be a great way to rack up a lot of points on your everyday purchases, especially if you can qualify for the maximum 75% points bonus — which brings the earning rate up to 2.62 points per dollar spent on purchases. 

That said, it may also be worth considering another travel card with added perks for when you travel, since this one’s benefits are slim compared to popular travel cards such as the Chase Sapphire Preferred.

If you’re not a Preferred Rewards customer, the Bank of America travel card may still be a good fit if you want to earn travel rewards but don’t want to deal with an annual fee. However, it should be mentioned there are many travel credit cards that charge an annual fee but offer enough value in perks alone to make up for the cost every year. Shop around and compare several options to determine which one offers the best value for you based on your travel and spending habits.

Methodology

Our credit cards team has spent hours analyzing hundreds of travel credit cards. We took a deep dive into the details of each product and that analysis, combined with our years of experience covering credit cards, informed us as we developed these credit card rankings. We factored the following into our analysis:

• Annual fees.
• Travel reward rates.
• Value of rewards.
• Redemption options.
• Additional benefits that a card may offer for travelers, such as travel insurance.

Frequently asked questions (FAQs)

The card is designed for consumers with good or excellent credit. According to FICO , that typically means a credit score of 670 or higher. That said, Bank of America will review your full credit history, income and other factors to determine your eligibility. 

If you’re unsure whether you’re eligible, you can use the card issuer’s preapproval tool, which can help you gauge your approval odds for any Bank of America credit card.

After you use your card to pay for an eligible travel or dining purchase, you can log in to your account and request a statement credit up to 12 months after the transaction posts. Alternatively, you can redeem your points for a paper check or a deposit into an eligible Bank of America or Merrill account or to buy gift cards.

As long as your account remains open and you can actively make purchases, your points will never expire. However, you will forfeit your points if you or Bank of America closes your account.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

¹Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.

*The information for the Capital One Venture Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Ben Luthi is a freelance writer who covers all things personal finance and travel. His work has appeared in dozens of online publications. Ben lives in Salt Lake City with his two children and two cats.

Glen Luke Flanagan is a deputy editor on the USA TODAY Blueprint credit cards team. Prior to joining Blueprint, he served as a deputy editor on the credit cards team at Forbes Advisor, and covered credit cards, credit scoring and related topics as a senior writer at LendingTree. He’s passionate about helping people understand personal finance so they can make the best decisions possible for their wallet. Glen holds a master's degree in technical and professional communication from East Carolina University and a bachelor's degree in journalism from Radford University.

Bank of America® Travel Rewards credit card review

Written by: Re'Dreyona Walker

Edited by: Tracy Stewart

Partner Offer

In a Nutshell:

  You can travel anytime you want with this flexible travel card: The Bank of America Travel Rewards credit card sets itself apart from other travel cards by doing away with restrictive travel policies and letting you book your rewards-funded travel yourself.

Learn more about this card

Other Notable Features: No foreign transaction fees, Visa Signature benefits, EMV chip card with the ability to add a PIN for international travel, auto rental collision damage waiver, roadside dispatch, lost luggage reimbursement, concierge services

The Bank of America® Travel Rewards credit card is a great choice for occasional travelers who like to search the web for the best deals without sacrificing their option to use rewards for the purchase. It’s an incredibly flexible card when it comes to redemption options and earning capacity, however, it lacks many of the appealing benefits offered by other popular travel credit cards. That said, there are some limitations compared to cards with a potentially higher rewards value.

The Bank of America Travel Rewards credit card offers a solid rewards program, especially if you already have Merrill or Bank of America® accounts. The Bank of America Preferred Rewards® program offers even more rewards on top of what you would earn with its flat-rate 1.5-point rewards structure. For those who don’t mind having a more complicated rewards structure in return for more travel benefits, rewards and cardholder perks, you may do better with other comparable travel rewards cards.

• No annual fee : Most travel rewards cards require you to pay an annual fee in exchange for premium travel perks, so having a $0 annual fee is unique.
• No foreign transaction fee : Foreign transaction fees can make the overall cost of your purchases go up tremendously. Fortunately, when going abroad, travelers do not have to worry about these pesky charges when using this card.
• Decent sign-up bonus : After spending $1,000 in purchases within the first 90 days after account opening, new cardholders can get 25,000 online bonus points, which is an excellent offering on top of the card’s ongoing rewards rate.
• Uncapped reward earnings : Since there is no limit to the number of points you can earn, you can easily maximize your reward earnings.
• Special perks for Bank of America customers : The Preferred Rewards program allows certain Bank of America® credit card holders to earn extra bonus rewards. If you have enough money in combined balances in your Bank of American and Merrill accounts, you can earn 25%-75% more rewards.
• Requires good or excellent credit : Potential applicants may be denied if they do not fulfill the credit score requirement, which could prevent many people from applying.
• Potentially high APR : Depending on your creditworthiness, you could be subjected to an APR that you may not be comfortable with.
• No bonus categories : The card only offers flat-rate rewards, which may not be enough for people looking for tiered categories to boost their reward earnings.

Why you might want the Bank of America Travel Rewards Card

If you’re the type of cardholder always looking around for a good sign-up bonus on a card with no annual fee, then Bank of America’s travel card is a great option for you. You’ll earn a flat rate of rewards on all your purchases, giving you the freedom to shop for what you want, when you want to and still earn a decent rate.

One unique benefit of this card is that if you happen to have a Merrill or a Bank of America account you can earn a boosted rewards rate with Preferred Rewards.

Higher sign-up bonus

Though not the most valuable sign-up offer currently available, the Bank of America Travel Rewards credit card does include a decent bonus of 25,000 online points for users who spend $1,000 in the first 90 days. If you redeem these points for travel purchases, they are worth up to $250.

Flat-rate rewards on all purchases

The Bank of America Travel Rewards credit card comes with one flat earning rate on all purchases – making it easy to rack up points without keeping track of bonus categories or focusing your spending in one area. Cardholders bring in 1.5 points per dollar on every purchase. The one exception to this is purchases made in the Bank of America Travel Center, which earn an additional 1.5 points per dollar for a total of 3 points per dollar spent.

Bank of America Preferred Rewards program

If you are already a Bank of America or Merrill checking or savings account holder, you might be able to boost your earning rate on the Bank of America Travel Rewards credit card. This is certainly the case if you have a significant balance. Bank of America has a tiered rewards rate program that increases at incremental stages depending on how large your account balance is in your Bank of America or Merrill account. You can potentially qualify for a 75% point boost with an increased earned rate of 2.6% (up from the standard 1.5% per dollar spent) by qualifying for Platinum Honors – Bank of America’s highest Preferred Rewards tier.

Bank of America Preferred Rewards tiers and earning rates

As you can see, even if you don’t have a balance over $100,000 in your Bank of America or Merrill account you can still earn either a 25% or 50% boost to your rewards rate.

When combined with some of the other benefits of this card, even a 1.9% earning rate makes this card stand out despite the fact some flat-rate rewards cards have a slightly higher rate.

Flexible point redemption

Points earned with the Bank of America Travel Rewards credit card are worth the same amount whether you book travel with the bank or another site – unlike other travel cards that offer a boost on certain purchases. However, this gives the card some added flexibility and means you can think less critically about how you want to use those points.

You can redeem points for any travel purchase made on your card in the last 12 months. That means you can find a better deal on a third-party travel site and still use your rewards to cover the cost. You may also redeem points for a statement credit to pay for dining purchases, a cash redemption or gift card.

Bank of America Travel Rewards redemption options

Solid intro apr for new purchases and balance transfers.

In addition to easy-to-earn rewards and flexible redemption, the Bank of America Travel Rewards credit card offers a 0% introductory APR for 15 billing cycles for new purchases (18.24% to 28.24% variable thereafter) and for balance transfers made within the first 60 days (after which, the 18.24% to 28.24% variable APR applies). There is a 3% intro balance transfer fee for 60 days from account opening, then 4%.

Very few travel cards offer an intro APR on both balance transfers and new purchases, so this card could be an ideal pick if you need to pay off debt or chip away at the cost of a new purchase in the short term, but want to focus on earning travel rewards long term.

This can be a great perk for users who have a big purchase to make and want to pay it down over time without racking up interest. You’ll have a little more than a full year to make slow payments without having to worry about additional charges. Just be sure not to charge more than you can pay off in the introductory period, as the ongoing APR can be high.

Why you might want a different travel rewards card

If you’re familiar with rewards programs, know which categories you spend your money the most and can plan accordingly to use different cards for every purchase, you might want to opt for a more elaborate card strategy that takes advantage of higher earning cards. A rate of 1.5 points per dollar spent is a decent rate, but it’s by no means the best offer out there.

That said, there are a few shortcomings the Bank of America Travel Rewards card has that makes it fall a little further down the list of best travel rewards cards.

No bonus for travel redemption

Redemption through an issuer’s travel portal is a competitive feature on a travel rewards card that comes with some other cards in this category. Unfortunately, points redeemed for travel through the Bank of America Travel center won’t see an increase in value like on some other issuer’s cards. This puts Bank of America’s card a little further down the list.

Although purchases made through the travel center will earn double points, redeeming those points for travel won’t increase their value. Meaning you’ll need to spend more to increase the worthiness of your rewards, while with another card it might mean spending less and redeeming for more.

For example, points earned with the Chase Sapphire Preferred Card earn an additional 25% value when redeemed through the Chase Ultimate Rewards Portal, making points (normally worth 1 cent each) worth 1.25 cents each.

The most value you can get out of a Bank of America Travel Rewards credit card point is 1 cent per point, other travel cards can often outpace its value. When comparing to another card, be sure to keep point value in mind because, like Chase, some issuers have increased point value.

Low rewards rate

While earning 1.5 points per dollar on every purchase is convenient and it can be boosted if you’re a Bank of America or Merrill account holder, for a general cardholder who’s looking for a solid travel rewards card, it’s a little low. Even the 3 points per dollar on travel booked through Bank of America’s Travel Center is comparatively low to other cards, especially considering the points’ low value for redemption.

If you want to step into travel rewards and fly higher, you might benefit from a card that earns at a higher rate on general purchases and pair it with a card from the same issuer that earns a high rate for travel. This may allow you to pool your points and redeem them through that issuer’s rewards portal.

For instance, you might be better served with a 2% cash back card like the Citi Double Cash® Card (1% when you buy, 1% when you pay) paired with the Citi Premier® Card . While the Premier Card has an annual fee of $95, depending on how much you spend you may be able to offset that fee by earning more rewards than you would with the Bank of America Travel Rewards card.

No standout perks

The Bank of America Travel Rewards credit card has a few benefits that make it valuable for frequent travelers, but it doesn’t have many extensive perks.

• No foreign transaction fee – When traveling abroad, you won’t pay any surcharge on foreign transactions.
• Car rental insurance – If your rental car is damaged or stolen, the Bank of America Travel Rewards credit card can reimburse you in excess of the company’s insurance policy.
• Add PIN for international travel – The Bank of America Travel Rewards credit card is an EMV chip card, and you can add a PIN for easy use when traveling overseas.

While certainly not the most impressive travel perks available on a rewards card, all these benefits could potentially save frequent travelers some money on their next trip — but in comparison to other travel rewards cards, you could get a much better lineup of perks than with this card.

How does the Bank of America Travel Rewards card compare to other cards?

The flat earning rate on the Bank of America Travel Rewards credit card makes it easy to rack up points with this no-annual-fee option, but savvy spenders might be able to get more out of a travel card with a different structure. Here are a few popular alternatives:

Bank of America Travel Rewards vs. Chase Sapphire Preferred

A fan-favorite travel card, the Chase Sapphire Preferred offers a good rewards rate and a valuable sign-up bonus. If you redeem all 60,000 points (after spending $4,000 in the first three months to earn the bonus) for travel in the Chase Travel portal, they are worth up to $750. The biggest drawback to the Sapphire Preferred in comparison to the Bank of America Travel Rewards Card is its $95 annual fee, though heavy spenders can probably offset this cost with a great earning rate on travel and restaurant purchases.

See Related :  Bank of America Travel Rewards vs. Chase Sapphire Preferred: Which is best for you?

Bank of America Travel Rewards vs. Capital One VentureOne

Like the Bank of America Travel Rewards credit card, the Capital One VentureOne doesn’t charge an annual fee and offers a flat rate of miles on most purchases – 1.25 miles per dollar. The Capital One VentureOne also charges no foreign transaction fee. However, the VentureOne also comes with a higher low-end and high-end APR rate (19.99% to 29.99% variable) than the Bank of America Travel Rewards Card does. Miles with the VentureOne are also worth that same as Bank of America points at 1 cent apiece. However, with a lower earning rate, the VentureOne won’t compete well with cards that have a high point value and a high earning rate.

Bank of America Travel Rewards vs. Wells Fargo Autograph

The Wells Fargo Autograph is another popular no-annual-fee travel card, thanks to its extensive list of categories that qualify for the 3 point-per-dollar rate. Cardholders can earn 3 points per dollar on restaurants, travel, transit, gas station purchases, select streaming services and phone plans as well as 1 point per dollar on other purchases. This makes it easy to rack up plenty of points. Plus, cardholders who also have a Wells Fargo Active Cash® Card may earn even more cash rewards on purchases.

How to use the Bank of America Travel Rewards credit card:

• Spend at least $1,000 in the first 90 days to earn the sign-up bonus.
• Put all your purchases on the card to take advantage of a generous flat rewards rate.
• Consider purchasing travel through the Bank of America Travel center to earn double points.
• If you are eligible, sign up for Preferred Rewards to boost your earnings.

Is the Bank of America Travel Rewards credit card right for you?

If you are the type of cardholder who prefers to put all their purchases on one card and not worry about keeping track of bonus categories, the Bank of America Travel Rewards credit card offers a good rate of points for a card with no annual fee. Plus, Bank of America account holders with a significant balance can boost their rewards rate and fast-track their way to their next vacation.

On the other hand, if the realm of rewards earning sparks your curiosity and you want to maximize how much you get back for what you spend, you might consider a more strategic approach. That said, the Bank of America Travel Rewards card is a terrific option for newcomers to rewards or for those who aren’t confident in their ability to offset the annual fees they may face with more beneficial cards.

Need more information on this card? See related articles:

• Bank of America Travel Center: How to book flights, hotels and vacations.
• Card Comparison – Bank of America Travel Rewards vs. Chase Sapphire Preferred
• Card Comparison – Bank of America Travel Rewards card vs. Bank of America Cash Rewards card
• Card Comparison – Bank of America Travel Rewards vs. Capital One Venture Card

*All information about Wells Fargo Propel American Express card has been collected independently by CreditCards.com and has not been reviewed by the issuer. 

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The information for the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has been collected independently by U.S. News and the card is not currently available on the site. The information has not been reviewed or provided by the card issuer and it is accurate as of the date posted.

Bank of America® Business Advantage Travel Rewards World Mastercard®

Credit Needed

Excellent Credit

Intro Offer

Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of opening your account, which can be redeemed for a $300 statement credit towards travel or dining purchases

Rewards Rate

3X Points per dollar spent when you book travel through the Bank of America Travel Center

Why Trust U.S. News

Your trust is important to us. To earn it, we conduct a rigorous, unbiased analysis with a transparent methodology, and maintain strict editorial standards and independence.

The Bank of America® Business Advantage Travel Rewards World Mastercard® is a business travel rewards card. It earns 3 points per dollar spent when you book your travel through the Bank of America Travel Center and 1.5 points per dollar spent on all other purchases. You can earn unlimited points and points never expire. There is a 30,000 -point sign-up bonus when you spend $3,000 in net purchases within 90 days of account opening . The card has no annual fee and comes with an introductory APR promotion on purchases. Cardholders get travel accident insurance, lost luggage reimbursement, trip cancellation coverage, trip delay reimbursement and other benefits.

Best Features

Unlimited rewards: This card earns 3 points per dollar spent when you book your travel through the Bank of America Travel Center and 1.5 points per dollar spent on all other purchases with no limit on the amount of points you can earn.

Zero percent APR: For the first nine billing cycles, cardholders get a 0% APR on purchases. After that, the card has a [ Error: APR is missing for card ] .

Sign-up bonus: Spend $3,000 in net purchases within 90 days of account opening and you’ll earn 30,000 points.

Limited bonus categories: The card earns 3 points per dollar spent when you book your travel through the Bank of America Travel Center and 1.5 points per dollar spent on all other purchases. Other business credit cards offer more bonus categories, like office supply stores and gas stations.

No introductory rate for balance transfers : Although cardholders get a 0% APR on purchases for the first nine billing cycles, there is no introductory rate for balance transfers. There is a [ Error: APR is missing for card ] .

• Rates and Fees
• Highlights from Issuer
• Issuer Name Bank of America
• Credit Needed Excellent Credit
• Annual Fee $0
• Purchases Intro APR introductory 0% APR on purchases for nine billing cycles
• Balance Transfer Fee $10 or 4% of the amount of each transaction, whichever is greater.
• Cash Advance Fee Either $10 or 4% of the amount of each transaction, whichever is greater Overdraft Protection Cash Advance (if enrolled): Either $10 or 3% of the amount of each transaction, whichever is greater

Bank of America® Business Advantage Travel Rewards World Mastercard® Benefits

Bank of America® Business Advantage Travel Rewards World Mastercard® holders can take advantage of benefits including:

• Travel accident insurance
• Lost luggage reimbursement
• Trip cancellation coverage
• Trip delay reimbursement

Maximizing Rewards

The Bank of America® Business Advantage Travel Rewards World Mastercard® earns 3 points per dollar spent when you book your travel through the Bank of America Travel Center and 1.5 points per dollar spent on all other purchases, so you’ll earn rewards for every purchase. With the card’s sign-up bonus, you can earn 30,000 bonus points when you spend $3,000 in net purchases within 90 days of account opening .

Comparison to Other Cards

Bank of America® Business Advantage Travel Rewards World Mastercard® vs. Capital One Spark Miles for Business

Annual fee: The Bank of America® Business Advantage Travel Rewards World Mastercard® does not have an annual fee. The Capital One Spark Miles for Business card requires an annual fee of $0 intro for first year; $95 after that .

Rewards: With the Bank of America® Business Advantage Travel Rewards World Mastercard®, you will earn 3 points per dollar spent when you book your travel through the Bank of America Travel Center and 1.5 points per dollar spent on all other purchases. Earn 5 miles per dollar on hotel and rental car bookings through Capital One Travel and 2 miles per dollar on all other purchases with the Capital One Spark Miles for Business.

Sign-up bonus: With the Bank of America® Business Advantage Travel Rewards World Mastercard®, when you spend $3,000 in net purchases within 90 days of account opening , you will earn 30,000 points. With the Capital One Spark Miles for Business, cardholders receive 50,000 bonus miles after making once you spend $4,500 on purchases within the first 3 months from account opening .

Benefits: The Bank of America® Business Advantage Travel Rewards World Mastercard® offers cardholders travel accident insurance, lost luggage reimbursement, trip cancellation coverage and trip delay reimbursement. Capital One Spark Miles for Business benefits include extended warranty coverage, an auto rental collision damage waiver, and travel and emergency assistance services.

Bank of America® Business Advantage Travel Rewards World Mastercard® vs. Chase Sapphire Preferred® Card

Annual fee: The Bank of America® Business Advantage Travel Rewards World Mastercard® does not have an annual fee. The Chase Sapphire Preferred® Card has a $95 annual fee.

Rewards: With the Bank of America® Business Advantage Travel Rewards World Mastercard®, you will earn 3 points per dollar spent when you book your travel through the Bank of America Travel Center and 1.5 points per dollar spent on all other purchases. The Chase Sapphire Preferred® Card offers 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Chase Travel Hotel Credit.

Sign-up bonus: With the Bank of America® Business Advantage Travel Rewards World Mastercard®, when you spend $3,000 in net purchases within 90 days of account opening , you will earn 30,000 points. The Chase Sapphire Preferred® Card offers 60,000 bonus points after spending after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠ .

Benefits: The Bank of America® Business Advantage Travel Rewards World Mastercard® offers cardholders travel accident insurance, lost luggage reimbursement, trip cancellation coverage and trip delay reimbursement. Chase Sapphire Preferred® Card holders get trip cancellation and interruption insurance, an auto rental collision damage waiver, travel and emergency assistance services, purchase protection and extended warranty protection.

Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credit card issuers or travel companies. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.

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Best Bank of America Business Credit Cards 2024

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate credit cards to write unbiased product reviews .

The information for the following product(s) has been collected independently by Business Insider: Bank of America® Business Advantage Travel Rewards World Mastercard® credit card, Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card, Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card, Alaska Airlines Business Credit Card, Platinum Plus® Mastercard® Business Credit Card. The details for these products have not been reviewed or provided by the issuer.

Overview of Bank of America Business Credit Cards

As a small business owner, utilizing a business credit card is wise because you can separate your personal and business expenses, making accounting easier. Plus, you can earn rewards for your spending and access to benefits like purchase protection and travel insurance. 

The unique advantage the Bank of America business cards have over many of the other best business credit cards is the Preferred Rewards program , through which Bank of America loyalists can access elevated reward rates and maximize their business spending. 

We've curated a list of the best Bank of America business cards, giving you the information you need to find the right credit card for your business. This guide showcases the variety of cards available, highlights their key features, and explains how they cater to different business requirements such as cash flow management, travel expenses, and reward preferences.

Compare the Top Bank of America Business Credit Cards

0% intro APR for the first nine billing cycles on purchases

18.49% - 28.49% variable

Earn 30,000 online bonus points

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. You can earn 30,000 online welcome bonus points
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 1.5 points per dollar on every purchase with no cap
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No annual fee/foreign transaction fee
• con icon Two crossed lines that form an 'X'. Some cards offer longer intro APR
• con icon Two crossed lines that form an 'X'. There are no airline or hotel partners to transfer points to

Earn unlimited 1.5% cash back on all purchases.

0% intro APR on purchases for the first nine billing cycles

Earn a $300 online statement credit

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. You can earn a $300 welcome bonus offer
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 1.5% cash back on all purchases with no cap
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No annual fee
• con icon Two crossed lines that form an 'X'. Some cards offer longer intro APR and higher rewards rates
• con icon Two crossed lines that form an 'X'. You need to be a Preferred Rewards member to earn higher rewards
• con icon Two crossed lines that form an 'X'. 3% foreign transaction fee

Earn 3% cash back in the category of your choice (gas stations and EV charging stations is the default category). Earn 2% cash back on dining purchases. Earning in the 3% and 2% cash back categories is on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter. Earn unlimited 1% cash back on all other purchases.

18.49% - 28.49% Variable

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Good welcome bonus for a no-annual-fee business card
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Cardholders can choose their own 3% cash-back category from a list
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Bank of America Preferred Rewards for Business customers can earn up to 75% more rewards
• con icon Two crossed lines that form an 'X'. 3% and 2% cash back categories are capped at $50,000 in combined purchases per year (then 1%)
• con icon Two crossed lines that form an 'X'. Card only earns 1% back in non-bonus categories
• con icon Two crossed lines that form an 'X'. Foreign transaction fees

The no-annual-fee Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is great for small-business owners who want to control how they earn rewards and maximize every dollar spent. The card has a solid welcome bonus, good redemption options, and a fair intro APR deal. But if you don't spend big in the select bonus categories, you should consider a different no-annual-fee business rewards card.

Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases. Earn 2 miles per dollar on eligible gas, shipping, and local transit including rideshare purchases. Earn unlimited 1 mile for every $1 spent on all other purchases.

$70 per company and $25 per card

21.24% - 29.24% Variable

50,000 bonus miles and Alaska's Famous Companion Fare™

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Annual companion fare
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free first checked bag and priority boarding on Alaska flights for primary cardholder/authorized users and up to six companions on the same reservation
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 10% bonus on miles earned with the card if you have a qualifying Bank of America business account
• con icon Two crossed lines that form an 'X'. Must use card to pay for ticket to receive free checked bag and priority boarding on Alaska flights
• con icon Two crossed lines that form an 'X'. Additional authorized user cards have an annual fee of $25 per year
• con icon Two crossed lines that form an 'X'. Annual companion fare requires spending $6,000 on purchases in a card anniversary year

0% intro APR on purchases for the first 7 billing cycles

16.49% - 27.49% variable

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 0% intro APR for seven billing cycles, then regular APR applies
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Offers welcome bonus
• con icon Two crossed lines that form an 'X'. No rewards or unique benefits on new purchases and balance transfers
• con icon Two crossed lines that form an 'X'. Pales in comparison to most other credit cards available

Best Bank of America Business Credit Cards

• Bank of America® Business Advantage Travel Rewards World Mastercard® credit card : Best for travel rewards
• Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card : Best for flat-rate cash back
• Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card : Best for choosing your cash back category
• Alaska Airlines Business Credit Card : Best for airline miles
• Platinum Plus® Mastercard® Business Credit Card : Best for 0% intro APR offer

Bank of America Business Credit Card Reviews

Bank of america® business advantage travel rewards world mastercard® credit card: best for travel rewards.

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a solid choice for a no-annual-fee business card, earning an unlimited 1.5% back for every dollar spent.

This card comes with a welcome offer of 30,000 online bonus points after you spend $3,000 in purchases in the first 90 days of your account opening, worth $300 towards travel or dining purchases, based on Business Insider's points valuations .

Business checking account holders who qualify for Bank of America's Preferred Rewards program will earn up to an unlimited 2.62 points for every $1 spent, so it's easy to see how your rewards could add up. There are various ways to redeem your rewards, including travel with no blackout dates at the Bank of America Travel Center, statement credits to offset travel and dining purchases, and more. 

Travelers will also appreciate that the card doesn't charge foreign transaction fees, which can save you about 3% on every purchase. 

Check out our in-depth review of the Bank of America Business Advantage Travel Rewards card for more details.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card: Best for flat-rate cash back

The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card is another easy-to-use product for business owners.

This card doesn't come with an annual fee, and cardholders can earn a welcome bonus of $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.

They'll also earn 1.5% cash back on all purchases, with no limits on the number of points you can earn –– with those who qualify for the bank's Preferred Rewards program accessing even higher earnings rates that rival most cash-back credit cards .

If these benefits sounds a lot like those on the Bank of America® Business Advantage Travel Rewards World card, you aren't dreaming. The primary difference between these two cards comes from the type of rewards you earn and how you can redeem them.

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card earns travel rewards, while the Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Credit Card earns cash back as a deposit into your Bank of America checking or savings account, as a card statement credit, or as a check.

Read our Bank of America Business Advantage Unlimited Cash Rewards review for more details on this card.

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card: Best for choosing your cash back category

If you're looking for a Bank of America business credit card that offers a little customization when it comes to earning rewards, this card is for you.

The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is yet another no-annual-fee card that offers a welcome bonus of $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.

You'll also earn 3% cash back per dollar spent in the category of your choice, 2% cash back on dining purchases, and 1% cash back on all other purchases.

There's a combined annual spending cap on the total cash back you can earn, but the 3% categories you can choose from include common expenses like gas stations and EV charging stations, office supply stores, travel, and more. That 3% rewards rate tops our list of the best credit cards for gas purchases .

That said, this card likely isn't the right choice if you're looking for simplicity, since you'll need to plan ahead for specific purchases in order to maximize your rewards. 

Read our Bank of America Business Advantage Customized Cash Rewards card review for more information.

Alaska Airlines Business Credit Card: Best for airline miles 

The Alaska Airlines Business Credit Card is the only Bank of America business card that earns airline miles, with an annual fee of $70 per company and $25 per card. With the card's welcome offer, you'll earn 50,000 bonus miles and Alaska's Famous Companion Fare™ ($99 fare plus taxes and fees from $23) after you make $3,000 or more in purchases within the first 90 days of opening your account.

Cardholders earn 3 miles per dollar spent on eligible Alaska Airlines purchases including flights and onboard food or beverages; 2 miles per dollar on eligible gas, EV charging station, shipping and local transit (including rideshare) purchases; and 1 mile per dollar on all other purchases. 

You'll also get perks like a free checked bag for the cardholder and up to 6 guests on the same reservation when you pay for your flight with your card. This benefit alone can translate into serious savings considering checked bag fees cost $60 per person roundtrip. 

If you're a regular with Alaska Airlines or like using their miles for flights on partner airlines, this card can make a lot of sense. But it likely has limited value for many small business owners, given that other cards offer more flexibility when it comes to earning and redeeming rewards. 

Here's our full review of the Bank of America Alaska Airlines Visa credit card . 

Platinum Plus® Mastercard® Business Credit Card: Best for 0% intro APR offer

The Platinum Plus® Mastercard® Business Credit Card is the final business credit card in our roundup, and the most underwhelming offer in Bank of America's business card lineup.

This no-annual-fee card offers a decent welcome bonus of $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of account opening. It also offers an 0% intro APR on purchases for the first 7 billing cycles, then 16.49% - 27.49% variable APR. But it doesn't offer any ongoing rewards or unique benefits.

Approval for this card typically requires excellent credit. If you have the credit score to qualify for this card, there are dozens of better options for you to consider.

If you'd like a card that offers a period of zero-interest to help you manage existing credit card debt, check out our guide to the best credit cards for balance transfers . And if you'd like a no-annual-fee card that still earns rewards, take a look at our guide to the best no-annual-fee business credit cards . 

Comparing Bank of America Business Credit Cards

Bank of America offers relatively few business cards compared to some competitors like Amex and Chase, and most of their rewards and benefits can be found on other products as well. 

Rewards and Cash Back Comparison

You'll get the best value out of most Bank of America credit cards if you're a business checking account holder who qualifies for Bank of America's Preferred Rewards program.

Qualification requirements are steep, however, and can be challenging for many small business owners to attain. To reach the base tier of the Preferred Rewards program, you need to maintain a three-month average combined balance of $20,000 to $50,000 in your Bank of America banking and/or Merrill investment accounts. If you don't meet this requirement, you'll earn relatively low rewards per dollar spent on your cards. 

Many of the best small business credit cards on our list earn far more generous rewards on select categories, and can match or exceed the rates offered on most Bank of America business cards. 

Travel Benefits and Perks Comparison

If you're a frequent flyer on Alaska Airlines, the $70 per company and $25 per card Alaska Airlines Business Credit Card is a great choice for you. This is Alaska's only business credit card, and offers one of the fastest ways for you to quickly rack up miles for award travel. 

However, there aren't any other good Bank of America business cards for travel perks. Most of Bank of America's other travel credit cards pale in comparison to the very best business credit cards for travel . While the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card offers up to 5.25% back on select travel purchases, that high rate of return is dependent on top-tier Preferred Rewards banking status through Bank of America.

A top business credit card for travel such as the Ink Business Preferred® Credit Card blows Bank of America's travel card out of the water because it earns 3x Chase Ultimate Rewards® points, worth 1.8 cents apiece by our valuations,  on every dollar spent toward travel expenses without additional banking requirements — and comes with great travel benefits to boot. 

How to Qualify for a Business Credit Card 

Regardless of your goals surrounding earning rewards, having a business card is a smart move if you're a small business owner. Luckily, qualifying for a business card is easier than many think. A formal LLC or a business with a million dollars in revenue isn't required. Sole proprietorships and activities such as tutoring, freelancing, and reselling can qualify you for such cards. 

Having a business card is a savvy decision for small business owners whether you want to earn rewards or simplify your accounting. You don't need a formal LLC or a million-dollar revenue-generating business; activities like driving for a rideshare company, freelancing, and reselling can make you eligible for these cards.

How to Apply for a Bank of America Business Credit Card

Applying for a Bank of America business card (or any small business credit card, for that matter) is more or less the same process as applying for a personal card –– you'll just have to provide information on your business along with your personal info.

Filling out the application is the first step, where you'll provide details like your name, date of birth, and social security number (SSN). You'll also be required to share your business information, like your business name, yearly revenue, and Employer Identification Number (EIN). 

You can apply for a business card using your SSN, so don't fret if you don't have an EIN. Regardless, the decision to approve or deny you for a card will be based on information from your personal credit report, and you'll be personally responsible for any charges made to your business card. 

Bank of America Business Credit Card Frequently Asked Questions

Yes, your business can have multiple Bank of America business credit cards at the same time. Holding different cards can be a strategic approach to maximizing potential rewards and benefits across different spending categories and needs.

Bank of America business credit cards have tools such as account alerts, spending limits for employee cards, and accounting software integration that help your business track expenses and effectively manage cash flow.

Yes, some Bank of America business credit cards offer sign-up bonuses, also called welcome bonus offers. These bonuses usually offer cash back, reward points, or lower APR offers after meeting certain requirements, and can provide additional value to new cardholders.

Yes, rewards earned on Bank of America business credit cards can be used to book flights, hotels, and other travel-related expenses. Some Bank of America business cards are specifically designed for travel, including the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card and the Alaska Airlines Business Credit Card.

 You can apply for a Bank of America business credit card online, over the phone, or in person. You'll need to submit an application with your business and personal information. Approval is based on several factors including your credit history and business financials.

The Preferred Rewards program offers Bank of America deposit or investment account holders who maintain a specific deposit amount with the bank over time special banking discounts, bonus rewards on credit card spending, and various other perks. It's a program that rewards Bank of America customers for their loyalty.

Yes, Bank of America can be a good bank for a credit card if one of the business cards they offer aligns with your business' spending habits and financial goals. Ideally, you consider all of the best business credit cards during your search to find one that truly fits your needs. 

You can use Bank of America's online application status page to check your credit card application status. You'll be asked to provide your last name, date of birth, the last four digits of your social security number, and your zip code.

The best Bank of America business credit card for you is ultimately about finding the card that aligns with your spending habits and financial goals. What works for one business might not work for another. Consider factors like the card's welcome bonus, benefits, and perks when choosing. A card is worth it when you can make the most of what the card has to offer. 

Yes, getting a Bank of America business card can be hard because all their cards require good to excellent credit. That means your FICO score must be 740+. The final decision will be based on your total credit profile, but a strong credit score is a key factor in approval.

Why You Should Trust Us: How We Reviewed the Best Bank of America Business Credit Cards

In constructing this roundup of the best Bank of America small business credit cards, we reviewed each card's attributes, including:

• Welcome offers
• Annual fees
• Rewards earnings rates
• Ongoing perks and benefits 
• Approval requirements

With this information in hand, readers can decide which Bank of America business card fits their business based on their needs and financial goals. 

To read more about all the other credit cards on the market, including personal and business cards, browse our credit card reviews hub .

We share how we rate and review credit cards at Business Insider so that readers can understand our process. Although some cards are affiliates, we prioritize delivering unbiased reviews without favoring specific cards for financial gain.

Business Insider's credit cards team operates independently from Business Insider's business team and maintains stringent editorial standards.

Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards .

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

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Bank of America® Travel Rewards Credit Card review: A simple travel rewards card with basic features

Our take: The Bank of America® Travel Rewards Credit Card stands out for its simplicity: It’s a $0-annual fee card that earns simple, flat-rate rewards that you can redeem as statement credits for travel or dining.

Bank of America® Travel Rewards Credit Card

Intro bonus, reward rates.

• 1.5x 1.5 points on all purchases
• Easy to redeem rewards for dining and travel
• Offers welcome bonus
• Extra rewards for Preferred Rewards members
• No notable travel benefits
• No travel transfer partners
• Free FICO score, Balance Connect® for overdraft protection
• Foreign transaction fee: None

Bank of America® Travel Rewards Credit Card: Overview

Card type: Travel

With no annual fees or foreign transaction fees, the Bank of America Travel Rewards card is an appealing choice for budget travelers or anyone who wants simplicity in their travel credit card. Although the rewards earned on this card lack the versatility you might find in cards that offer the ability to transfer rewards to loyalty programs or book travel through the card issuer’s portal, this card does allow you to redeem their points for statement credits for travel and dining, as cash back, or to purchase gift cards.

Who is the Bank of America® Travel Rewards Credit Card good for?

The Bank of America® Travel Rewards Credit Card is well-suited for budget-conscious travelers who prioritize simplicity over extravagant perks. Plus, with the card’s 0% intro APR for 15 billing cycles on purchases and balance transfers made within the first 60 days of account opening, the card can be a valuable tool for those looking to finance big-ticket purchases or consolidate their debt.

Who shouldn’t get the Bank of America® Travel Rewards Credit Card?

Those who prioritize reward flexibility, lavish travel benefits, and a substantial welcome bonus may find the Travel Rewards Credit Card less appealing. The card’s modest welcome offer, and absence of transfer partners for airline or hotel loyalty programs could be drawbacks for those seeking more extensive rewards and perks. 

Bank of America® Travel Rewards Credit Card: How to earn rewards

The rewards structure is easy to understand—there are no rotating categories to keep track of or activate or different rewards rates. Cardholders earn a flat 1.5 points on all purchases. 

You’re also eligible to earn a modest welcome offer that’s worth 25,000 points, or $250, if you spend $1,000 in purchases in the first 90 days of account opening. 

How to redeem Bank of America® Travel Rewards Credit Card points

There are only a few ways to redeem your points with the Travel Rewards Card You can use your rewards to book travel, cover travel and dining purchases, get cash-back as a statement credit, and buy gift cards.

However, when you redeem for cash or gift cards, you may not get the best value. One point is valued at 0.6 cents, so 2,500 points will only give you $15. There’s a 2,500 point minimum redemption requirement, too. The redemption value for gift cards will vary.. Travel and dining credits are typically the best value for your rewards, where a point is worth one cent.

Get a statement credit for travel or dining

To redeem points with the Bank of America Travel Rewards Credit Card, you can get a statement credit to offset eligible travel—like airlines, hotels, car rentals—and dining purchases made within the past 12 months. There’s a 2,500 point minimum redemption requirement. 

When you redeem your points this way, one point is worth one cent. 

Bank of America® Travel Rewards Credit Card rates and fees

• Annual fee: $0
• Intro APR: 0% Intro APR for 15 billing cycles on purchases made in the first 60 days of account opening, then the standard variable APR will apply.
• Purchase APR: 18.24%–28.24% variable
• 0% APR balance transfer:  0% intro APR for 15 billing cycles for any balance transfers made in the first 60 days of account opening. After that, the APR is 18.24%–28.24% variable
• Balance transfer fee: 3% for 60 days from account opening, then 4% will apply
• Penalty fee: up to $40 for late payments

Additional benefits

• Free FICO Score. Through online and the mobile banking app, you can access your FICO Score from TransUnion, which is updated monthly, for free.

Credit cards similar to Bank of America® Travel Rewards Credit Card

If you’re looking for a no-annual-fee travel card with greater flexibility than  the Bank of America Travel Rewards Card, there are other options to consider. Here’s a look at how some of the competition stacks up. 

Capital One VentureOne Rewards Credit Card vs. Bank of America® Travel Rewards Credit Card

The Capital One VentureOne Rewards Credit Card boasts a versatile rewards program, although the rewards rate is slightly lower.. The Bank of America Travel Rewards card earns  1.5 points per dollar, the VentureOne offers a slightly lower 1.25 miles per dollar, but it does earn with 5 miles per dollar on prepaid hotels and rental cars through Capital One Travel.

The VentureOne also has a decent welcome offer for a no-annual-fee card of 20,000 miles after spending $500 on purchases within 3 months from account opening. 

But the biggest benefit the VentureOne Card has over the Bank of America Travel Rewards card is the redemption flexibility. With this card, you can transfer your miles to over 15 of Capital One’s travel loyalty programs, so you can potentially wring even more value from your rewards. You can also book a trip through Capital One Travel, get reimbursed for travel purchases made within the previous 9- days, or opt for a statement credit, although like the Bank of America card, this last option is also worth less than a penny per point. 

Discover it® Miles vs. Bank of America® Travel Rewards Credit Card

Just like the Bank of America Travel Rewards Card, the Discover it® Miles card dishes out 1.5 miles on general purchases, without any annual or foreign transaction fees. But a key distinction between these two cards lies in the redemption options. You cannot use your miles to make a purchase, but you can redeem them for a statement credit against a travel purchase made within the last 180 days. Or, you can simply apply your earnings as a cash-back statement credit without any travel involved. Either way, a mile is worth a penny a point. Allowing you to take cash back at the same value as a travel reimbursement is a much better option than the less than a penny per point cash-back option on the Bank of America Travel Rewards card.  

The Discover it Miles card also goes the extra mile when it comes to a welcome offer. Instead of an upfront offer after meeting a minimum spending requirement, the issuer doubles the rewards you earn in the first year. For example, if you earned a total of 50,000 miles in the first year, you would earn an additional 50,000 miles at the end of the year.

Is the Bank of America® Travel Rewards Credit Card right for you?

The Bank of America Travel Rewards Card is best for those looking for a no-frills travel card who can take advantage of the card’s 0% APR offer. It’s also best for someone who wants to use the earnings on a travel rewards card solely for travel, and doesn’t mind not taking cash-back. 

However, potential users should be aware of its limitations, including the limitations on redemption. Most people will fare better with a card that offers 2% cash back, which is both more rewarding and allows you to use your money on anything you’d like, travel or otherwise.

Frequently asked questions

Is it hard to get a bank of america® travel rewards credit card.

Since the Bank of America Travel Rewards Card is a rewards card, you’ll likely need a good or better FICO Score, which starts at 670 or higher.However, keep in mind there is no one set score which will guarantee you’ll be approved for a card as issuers take several factors into consideration when determining approval.

Is the Bank of America® Travel Rewards Credit Card worth it?

The Bank of America Travel Rewards credit card may be worth it for some—it’s a solid option for budget-conscious travelers seeking simple rewards who may only want to redeem their rewards for travel one way.

Please note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.

EDITORIAL DISCLOSURE : The advice, opinions, or rankings contained in this article are solely those of the Fortune Recommends ™ editorial team. This content has not been reviewed or endorsed by any of our affiliate partners or other third parties.

Best no-annual-fee travel credit cards of April 2024

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Travel rewards cards are a lot like gyms. The best ones may come with tons of added benefits (saunas, yoga class, etc.) but they also cost a lot, usually with a big financial commitment upfront. 

As a result, whether you’re considering a Chase Sapphire Preferred ® Card (with its $95 annual fee) or a CrossFit membership, you probably have the same question on your mind: will I really use it enough to justify paying for it? 

While there aren't any free gyms we know of, there thankfully are plenty of no-annual-fee travel rewards cards that require essentially zero commitment. And just like an ab roller or a Richard Simmons DVD, you can simply use them a few times, forget about them, and put them in a drawer until beach season. Or, you can stick with it and make them part of your daily routine—whatever works for you.

You’re also far more likely to see “instant results” with these cards, too. From 100,000-point welcome bonuses to rewards for paying rent, free travel insurance to 3X on gas, these cards offer way more than you’d expect for a fee of $0 per year. 

The best no-annual-fee travel cards for April 2024

Best overall: bilt mastercard, best for travel earnings: wells fargo autograph℠ card, best for flat-rate earnings: capital one ventureone rewards credit card, best for hotel rewards: ihg one rewards traveler credit card, best for airline rewards: united gateway℠ card.

The Bilt Mastercard allows you to earn points from paying rent and transfer them 1:1 to well over a dozen different travel partners including United MileagePlus and Marriott Bonvoy. Toss in some surprisingly robust travel insurance and you have our unconventional—yet logical—choice for the best overall no-annual-fee travel card of 2024.

Why we like this card: As mentioned, the Bilt Mastercard’s most compelling feature is that it allows you to pay rent with a credit card—even if your landlord doesn’t take plastic—and avoid the transaction fee paying rent by credit card would typically incur. Then, as long as you complete five transactions each month, you’ll trigger 1X rewards on your rent payments. 

Note that rewards on rent are capped at 100,000 points per year.

In terms of earning potential, if you pay the median ~$2,000 rent in the U.S., you could earn approximately 24,000 points per year which can be used to book travel in Bilt’s portal at a value of 1.25 cents per point or transferred to any of Bilt’s airline or hotel partners at a 1:1 ratio. In other words, you could likely earn a domestic flight with United or a weekend stay at Hyatt, all for simply paying rent on time.

The Bilt card also provides trip cancellation and interruption protection, trip delay reimbursement, and primary rental car insurance (terms apply)—perks you wouldn’t typically find on a no-annual-fee credit card.

With a generous welcome bonus in exchange for an attainable spend amount, 3X on travel, and a fancy name, you’d think the Wells Fargo Autograph℠ Card would command an annual fee of at least $95. But it doesn’t, making it a superb candidate for general travel use.

Why we like this card: The Wells Fargo Autograph offers unlimited 3X points on restaurants, travel, gas stations, transit, popular streaming services and phone plans and even your landline bill too if you have one, plus 1X points on other purchases—all without charging an annual fee. And, to make traveling a little cheaper/less stressful, you’ll also get $600 worth of cell phone protection (minus a $25 deductible) as long as you pay your phone bill with this card and secondary rental car insurance. 

Cardholders can transfer points at a 1:1 ratio to Wells Fargo’s first wave of transfer partners including Air France‑KLM Flying Blue, Avianca Lifemiles, British Airways Executive Club, AerClub, and Iberia Plus and 1:2 to Choice Privileges. 

But even if you aren’t a member of those loyalty programs, earning 3X on dining, travel, gas, and more is hard to pass up. You can redeem points at a value of 1 cent each to offset past purchases on your account, meaning you can wield the Autograph either as a no-annual-fee travel card or as a cash-back card effectively earning unlimited 3% back in a wide swath of useful categories. 

Check out our full review of the Wells Fargo Autograph .

Sometimes, you just want a card that offers a little more than 1X on every purchase—without having to worry about what this quarter’s rotating rewards are, or whether a specific merchant qualifies as “groceries” for the purposes of your card’s rewards. If you value simplicity and the lack of an annual fee in your travel card, you’ll probably be a fan of the Capital One VentureOne Rewards Credit Card and its straightforward rewards program.

Why we like this card: The Capital One VentureOne Rewards offers 1.25X miles per dollar spent on everyday purchases and 5x miles on hotels and rental cars booked through Capital One Travel. That’s pretty much all that you have to remember. You can also get a nice welcome bonus of 20,000 miles after spending $500 on purchases within 3 months from account opening, which is a solid payout for a very attainable spending target. 

Capital One Miles can be transferred to well over a dozen airline and hotel partners, most at a 1:1 rate. Partners include Air Canada’s Aeroplan, British Airways Executive Club, Choice Privileges, Virgin Red, and Wyndham Rewards, among others. Other ways to book travel include redeeming miles through Capital One’s portal or making the purchase directly, paying with your card like normal, then using miles for a statement credit to cover the transaction. 

The Venture One also offers a 0% intro APR on purchases for 15 months (after that, the variable APR will be 19.99%–29.99%). There’s an intro balance transfer fee of 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open , then 4% per transfer for any promotional APR offered after. 

Come to think of it, provided you have the excellent credit needed to apply, the VentureOne could make a great travel companion for a grad student given its simplicity, lengthy intro APR period and low spending threshold required to trigger the welcome bonus.

Check out our full review of the Capital One VentureOne Rewards .

If you’re looking for a hotel rewards card that offers the most free nights for no annual fee, wait until you read about the IHG One Rewards Traveler Credit Card. With a six-figure welcome bonus, up to 17X on stays and other compelling rewards, it’s currently the gold standard for no-fee hotel rewards.

Why we like this card: We like calling the IHG One Rewards Traveler card the “Liam Hemsworth” of travel rewards cards because it lives in the shadow of its big brother—the IHG One Rewards Premier Credit Card —but still delivers plenty of quality and substance in its own right (with no annual fee, to boot). 

For starters, you can get a welcome bonus of 80,000 bonus points after spending $2,000 on purchases within the first 3 months of account opening, potentially worth around $500 to $700 in IHG redemption. 

Plus, enjoy up to 17X points when you stay at IHG Hotels & Resorts, instant Silver Elite status and a handy bonus where you redeem points for three consecutive nights and get the fourth night in your stay free. So, if you book a three-night stay using your welcome bonus, you’ll essentially be getting a complimentary four-night stay at a nice IHG property for no annual fee.

Check out our full review of the IHG One Rewards Traveler .

As a no-annual-fee airline card, the United Gateway℠ Card currently edges out its rival the Delta SkyMiles® Blue American Express Card by offering a more generous welcome bonus and travel insurance that the Delta card does not provide. If you fly occasionally and would like to earn miles, but aren’t willing to make the commitment of $95 or more for a mid-tier airline card with more perks, the Gateway is a strong choice. 

Why we like this card: The United Gateway card offers 2 miles per $1 spent on United® purchases, at gas stations and on local transit and commuting plus 1 mile per $1 spent on all other purchases. Considering a United Mile is worth roughly around 1.2 cents these days, effectively earning 2.4 cents back on everyday purchases is a solid value proposition. 

You’ll also get a welcome bonus of 20,000 bonus miles after you spend $1,000 on purchases in the first 3 months your account is open. And, you can save with a discount of 25% back on United in-flight and Club Premium drink purchases. 

New cardholders will enjoy a 0% Intro APR on Purchases for 12 months, after 21.99%–28.99% variable applies.

If the United Gateway card has a small lead on the Delta Skymiles Blue Amex at this point, it soars ahead (pun intended) when you look at the included travel and shopping protections. Both cards offer secondary rental car insurance, but only the Gateway includes trip cancellation and interruption insurance, purchase protection and extended warranty protection. 

So, if you’re seeking a no-annual-fee card you can use to rack up miles—and you either tend to fly United most of the time or you’re at minimum not devoted to a competing airline—the United Gateway is the card to beat.

Check out our full review of the United Gateway Card for more info.

To view rates and fees of the Delta SkyMiles® Blue American Express Card, see this page  

Frequently asked questions

Which card is best for international transactions without extra charges.

Zero foreign transaction fees is actually a common benefit among travel rewards cards, including many with no annual fee. For example, neither the Bilt Mastercard nor the United Gateway card charges a foreign currency conversion fee. 

What is the best travel credit card for a young person? 

If you’re still paying rent, the Bilt Mastercard is an excellent choice since it can generate points from rent payments which can then be transferred 1:1 to well over a dozen airline and hotel partners. If you’d prefer a card with a welcome bonus, which the Bilt card lacks, the IHG One Rewards Traveler card currently offers a massive welcome bonus for a no-annual-fee card—potentially worth hundreds of dollars toward a future IHG hotel stay. 

Is a travel card with an annual fee worth it?

Using a travel rewards card with an annual fee can be worth it as long as you’re extracting enough points and benefits to justify paying the fee each year. If you travel infrequently or just want one less fee to worry about, consider one of the no-annual-fee cards on our list above. But, the best perks and protections are typically available on cards with annual fees.

For example, the Capital One Venture X card offers a $300 annual travel credit for bookings made through Capital One Travel. If you use that every year, you’ve gone a long way toward offsetting the $395 annual fee. You also get 10,000 bonus miles, worth at least $100 toward travel, every year starting on your account anniversary.

Methodology

To bring you our top picks for the best travel rewards cards with no annual fee, the Fortune Recommends surveyed more than a dozen cards currently available from today’s top issuers. From there, we ranked each one based on the following core categories and weights:

• Welcome bonus (10%): Some cards—even those with no annual fee—offer welcome bonuses that you can earn once you make enough purchases within a certain time frame, such as spending $1,000 within three months of account opening.
• Travel earnings (25%): These are the point rewards you’d earn by making travel-related purchases (e.g. 3X on hotels, 2X on airfare).
• Car rental insurance (15%): Many, but not all travel-centric rewards cards include an auto rental collision damage waiver, which allows you to decline a portion of the rental company’s insurance and save potentially up to $30 per day. We gave extra consideration to if a card offers primary rental car insurance versus secondary, because primary kicks in immediately in a covered scenario—whereas secondary only applies after your own, personal insurance. 
• Travel insurance benefits (15%): Some travel rewards cards automatically apply trip cancellation/interruption insurance, lost/delayed luggage reimbursement and even travel accident insurance on travel bookings made using the card.
• Gas earning (5%): Since road trips remain a common form of travel, whether or not a card offers points rewards at the pump factored into our rankings.
• Dining earning (10%): If a no-annual-fee travel rewards card offered 2X or more on restaurant purchases it favored well in this category.

The remaining 20% was based on the card’s main focus: hotel, airline or general travel rewards. 

• For general travel—points transferrable to partners (20%): Points are literally worth more if you can transfer them to certain partners, so a card’s ability to transfer rewards to airline and hotel partners factored into our rankings.
• For hotel rewards—free award night with booking (20%): Some hotel rewards cards offer a BOGO-like perk where if you redeem a certain number of nights with points you get an extra tacked on for free.
• For airline rewards—ability to spend towards status (20%): Most airline rewards cards allow you to earn miles, but not all of them count those miles towards your next loyalty status. If a card treated them as “qualifying miles,” it fared better in this category.

Lastly, just keep in mind that virtually every aspect of a travel rewards card—from the rewards to the welcome bonus and fee structure—is subject to change, which could impact how many miles or points you earn. 

Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefits guide for more details. Underwritten by Amex Assurance Company.  

Please note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.  

This story was originally featured on Fortune.com

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Key takeaways

• The Bank of America® Premium Rewards® credit card offers a variety of travel benefits and protections, including trip delay reimbursement and emergency assistance services.
• The card also offers purchase protections and extended warranties that could give you peace of mind while shopping.
• Bank of America customers with a Preferred Rewards membership can maximize the card's potential and earn 25 percent to 75 percent more in rewards points.

Although the Bank of America® Premium Rewards® credit card isn’t as popular as other travel credit cards at this level, there are plenty of reasons to consider it. Not only does it offer 2X points on travel and dining purchases, but cardholders also earn a flat rate of 1.5X points on all non-bonus spending. Those who apply and are approved can also earn a generous welcome offer, 60,000 points after spending $4,000 in the first 90 days, and an array of Bank of America Premium Rewards card benefits — which can make the offer an even better deal.

If you’re curious about which perks you’ll get with the Bank of America Premium Rewards card and how everything works, read on to learn more.

Bank of America Premium Rewards credit card travel benefits

While the Bank of America Premium Rewards credit card doesn’t let you transfer your points to airline and hotel partners like some other travel credit cards do, you can redeem your rewards for cash back in the form of a statement credit , a deposit into an eligible Bank of America or Merrill account, gift cards or travel through the Bank of America Travel Center.

You also get a handful of helpful travel perks just for being a cardholder.

No foreign transaction fees

Up to $100 in statement credits for airline incidentals, up to $100 in statement credits for global entry or tsa precheck, bank of america premium rewards card travel protections.

The Bank of America Premium Rewards credit card also comes with a number of travel insurance benefits and protections, including the following:

Trip delay reimbursement

Trip cancellation and interruption insurance, baggage delay insurance, lost luggage reimbursement, travel and emergency assistance services, emergency evacuation and transportation coverage, secondary auto rental coverage, roadside dispatch, bank of america premium rewards card purchase protections.

The Bank of America Premium Rewards credit card offers quite a few purchase protections that will automatically apply to eligible purchases you charge to your card.

Purchase protection

Return protection, extended warranties, maximizing the bank of america premium rewards card.

Since the Bank of America Premium Rewards credit card bases the rewards you earn on your spending, maximizing its benefits involves using it for all of your purchases and bills. You should aim to use it for dining and travel purchases specifically, since you can earn an elevated rate of 2X points for each dollar spent. From there, using it for other purchases you need to make can help you rack up 1.5X points per dollar spent on a regular basis.

Also note that Bank of America Preferred Rewards members can earn 25 percent to 75 percent more rewards for using this card or other qualifying Bank of America rewards cards. Ultimately, this means eligible cardholders with the Bank of America Premium Rewards credit card could earn 2.5X to 3.5X points for every dollar spent on travel and dining purchases and 1.87X to 2.62X points for every dollar spent elsewhere.

This free program is for Bank of America customers who have an active, eligible Bank of America account and a three-month combined average daily balance of $20,000 or more in eligible Bank of America or Merrill accounts. Bank of America will automatically enroll you in the program once these requirements are met.

When it comes to using the Bank of America Premium Rewards card benefits shared in this guide, remember that you’ll need to pay with your credit card to qualify. If you pay with another credit card, you won’t be eligible for purchase protections or travel insurance benefits on those transactions.

The bottom line

The Bank of America Premium Rewards credit card isn’t as well known as some other travel cards, but there’s much more to it than meets the eye. In addition to its generous earning rate and welcome offer, cardholders will get quite a few perks along the way.

Even so, it never hurts to compare this card to the benefits offered by other top travel credit cards . With some basic research, you can find a travel credit card that checks off the boxes you care about the most.

Information about the Bank of America Premium Rewards credit card was updated on November 8, 2023.

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while earning unlimited 1.5 points for every $1 you spend on all purchases

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Unlimited points.

Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points as long as your account remains open

Low Introductory APR Offer

0% † Intro APR for your first 15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account. After the intro APR offer ends, a Variable APR that's currently 18.24% to 28.24% will apply. 3% † Intro balance transfer fee for the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 4%.

25,000 online bonus points offer

25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel and dining purchases

No annual fee † and no foreign transaction fees †

Enjoy no annual fee and no foreign transaction fees on purchases while earning points to use for statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees, and also at restaurants – including takeout

Establish good credit habits

Easily manage your bank accounts and finances online with Online Banking and our award winning Mobile Banking app that help students stay in control of their finances and make payments

FICO ® Score

Now, you can access your FICO ® Score updated monthly for free, within your Mobile Banking app or in Online Banking. Opt-in to receive your score, the key factors affecting your score, and other information that can help you keep your credit healthy.

Interest Rates & Fees Summary †

Introductory apr.

0% for 15 billing cycles

Applies to purchases and to any balance transfers made within 60 days of opening your account

Standard APR

18.24% - 28.24%

Balance Transfer Fee

After the intro balance transfer fee offer ends, the fee for all future balance transfers is 4%.

† Please see Terms and Conditions for rate, fee and other cost information, as well as an explanation of payment allocation. All terms may be subject to change.

Note: minimum payments are applied to lower-interest balances first. Additional payments are applied to higher-interest balances first.

Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time.

No blackout dates or restrictions and points do not expire as long as your account remains open.

Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.

Flexibility to redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees, and also at restaurants—including takeout.

Additional Benefits

Better money habits ®.

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Security & Features

Stay protected, contactless chip technology, balance connect ® for overdraft protection, paperless statement option, digital wallet technology, online & mobile banking, account alerts.

Now, when you opt-in you can access your FICO ® Score updated monthly for free, within your Mobile Banking app or in Online Banking. FICO ® Score Program . The FICO ® Score Program is for educational purposes and for your non-commercial, personal use. This benefit is available only for primary cardholders with an open and active consumer credit card account who have a FICO ® Score available. The feature is accessible through Online Banking, the Mobile website, and the Mobile Banking app for iPhone and Android devices. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. Data connection required. Wireless carrier fees may apply." data-footnote="ADDITIONAL_BENEFITS_FOOTNOTE_07" aria-label="Footnote 5"> Footnote [5] Learn More   about Free FICO Credit Score opens in a new window

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