Bank of America Travel Rewards Credit Card

This is the set-it-and-forget-it travel card for Bank of America customers: a flat 1.5 points per dollar, no annual fee, no foreign fee, and points wipe out any travel charge as a statement credit with no transfer hoops. The leverage is Preferred Rewards status, which can push earning up to roughly 2.6x if you hold qualifying BofA/Merrill balances; without those balances, a plain 2% card out-earns it. There are no transfer partners, so award-chasers should look elsewhere. Run $2,000/month through it at base rate and that's 36,000 points, about $360 toward travel; confirm the Preferred Rewards tiers on BofA's site.

Bank of America Travel Rewards Credit Card at a glance

Rewards & perks

• Redeem points as a statement credit against any travel charge
• Preferred Rewards members pick up 25% to 75% more points
• No blackout dates and nothing to transfer

Pros

• Carries no yearly fee
• No surcharge on purchases made abroad
• A lifted earning rate for Bank of America customers

Cons

• There are no transfer partners
• A flat rate with no bonus categories
• Top value depends on holding Preferred Rewards balances

Who should apply

• A credit score in the good-to-excellent range
• Enough income to back the credit line
• The Preferred Rewards bonus depends on qualifying Bank of America or Merrill balances

Before you apply: card terms change often. Confirm the current annual fee, APR, welcome offer and rewards on the official Bank of America site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.