Bank of America Travel Rewards

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Card Details and Application Link
Bank of America Travel Rewards

Card Type: Visa Signature

Base
1.5X
(1.5%)
Travel

Earning rate: 1.5X everywhere; 3X for travel booked through BOA's travel center

Noteworthy perks: Up to 75% bonus for Preferred Rewards banking customers

See also: Bank of America cards: awesome if you've got $100K lying around

Overview

The Bank of America Travel Rewards Card offers 1.5 points per dollar everywhere. Points are worth 1 cent each when redeemed for travel. Simply use the card to pay for any travel expenses, and then log onto your account and apply points to offset your statement charges. In other words, this card is essentially a 1.5% rewards card.

This card does have a couple of big advantages over other no-fee cards. For one, it has no foreign transaction fees. More importantly, you can get up to a 75% bonus through your banking relationship with Bank of America and/or Merrill Edge. This makes it possible to earn up to 2.625% back on all spend. That's phenomenal! For additional details, see: Bank of America credit cards: Awesome with Platinum Honors status.

If you can afford to keep a large balance with Bank of America or Merrill Edge investments, this is a fantastic choice since it is possible to get 2.625% in rewards for all spend.

Application Tips

Bank of America Application Tips


  • 3/12 or 7/12 Rule: You won't be approved if you have opened 3 or more accounts, with any bank, in the past 12 months. For those with Bank of America deposit accounts, the rule changes to 7+ accounts.
  • 2/3/4 Rule: Max 2 consumer cards per rolling 2 months, 3 per rolling 12 months, and 4 per rolling 24 months.
  • 5 card limit: You will not get approved for a new consumer card if you already have 5 consumer BOA cards open
  • Get Same Card Again: With some BOA cards, must wait 24 months after either opening or cancelling, depending upon the card.
  • Hard inquiries are usually combined into 1 when initiated within 30 days but there have been reports of TransUnion not combining.

Click here to check your application status
If denied, call reconsideration here: 800-354-0401 (8am-7pm ET Mon-Fri); 866-695-6598 (business cards);

Related Cards (BOA cash back cards)

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[…] each involves a “but”.  For example, you can earn up to 2.62% back with the fee-free Bank of America Travel Rewards card, but only if you have $100K+ invested with Bank of America, Merrill Edge, and/or Merrill Lynch.  […]

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