bank of america travel rewards points

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We are currently updating our systems to bring enhanced features to the online rewards experience. As a result, this website is temporarily unavailable. Rewards redemption will not be accessible until late afternoon on May 20. Thank you for your patience.

En este momento, estamos actualizando nuestros sistemas para incorporar características mejoradas a la experiencia de recompensas en línea. Como resultado, este sitio web se encuentra temporalmente fuera de servicio. El canje de recompensas no estará disponible hasta las últimas horas de la tarde el 20 de mayo. Gracias por su paciencia.

Important Notice

We are in the process of converting your BankAmericard Privileges ® with Travel Rewards credit card to a BankAmericard Travel Rewards ® credit card. As a result, you will not be able to access the rewards site at this time. Thank you for your patience.

Your BankAmericard Privileges ® with Travel Rewards credit card has recently been converted to a BankAmericard Travel Rewards ® credit card. Please visit bankofamerica.com to access your new rewards site and find out what your new credit card program has to offer.

Bank of America travel rewards guide

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Key takeaways

• The Bank of America travel rewards program allows cardholders to redeem points for statement credits to cover travel-related purchases making for a simple, flexible travel rewards option.
• Bank of America travel rewards cards have various benefits and perks, but may not be the best option for frequent travelers compared to other programs since there isn't an option to transfer points to travel loyalty programs.
• Bank of America’s Preferred Rewards program can increase the value of rewards by 25 to 75 percent for members with qualifying accounts.

Bank of America’s travel rewards program isn’t as lucrative or extensive as what rivals like American Express or Chase offer, but some cardholders may find value in its simplicity, particularly if you are a Bank of America Preferred Rewards client.

If you’ve got one or more Bank of America credit cards that allow you to earn and redeem rewards for travel, or are interested in applying for one, this guide can help explain the basics of the bank’s travel program, including how to earn and redeem travel rewards and more.

Bank of America travel rewards basics

Compared to other issuers, Bank of America has a smaller portfolio of   travel credit cards , but there are some similarities in how you earn and redeem travel rewards with the cards.

Essentially, you can redeem the rewards you earn for statement credits to cover travel-related purchases. Some Bank of America travel cards also allow you to cover purchases like dining with your award statement credits.

With each card, and in fact with any Bank of America credit card, you also gain access to the Bank of America Travel Center , where you can search for travel deals and pay with cash or rewards. The site operates much like a travel search engine, similar to Expedia or Orbitz.

Bank of America credit card and debit card holders have access to a variety of partner offers and deals, but the travel rewards program still lacks travel transfer partners, which is where many travel rewards aficionados look for the best value.

However, as we’ll explain below, being a member of Bank of America’s Preferred Rewards program could increase the value of the rewards you earn by 25 to 75 percent, making Bank of America’s somewhat limited travel rewards program more valuable.

How to earn Bank of America travel rewards points

The only thing you need to do to earn rewards is use your Bank of America card for eligible purchases; you don’t need to keep track of rotating bonus categories or activate offers in your Bank of America account to earn rewards. For some of the travel cards, you’ll earn more rewards in travel and dining categories, but there’s no need to track or apply for your rewards.

Additionally, Bank of America’s travel and dining categories are more extensive than those of many travel rewards cards, so you’ll be able to redeem your points for statement credit for everything from flights to zoo tickets.

How to redeem Bank of America travel rewards points

You can redeem rewards for a statement credit to cover eligible travel purchases (or dining purchases with the Bank of America® Travel Rewards credit card) at a value of 1 cent per point, so 2,500 points equals $25 in statement credit. Other redemption options include cash back as a check or direct deposit into an eligible Bank of America checking or savings account or a Merrill Cash Management Account , but at a significantly reduced value of .006 cents per point (therefore 2,500 points equals $15). You can also redeem points for gift cards, but that value will vary.

Travel credits and cash rewards redemptions require a minimum of 2,500 points and gift cards require at least 3,125 points to redeem.

How much are Bank of America travel rewards points worth?

Bank of America travel rewards are worth 1 cent per point when redeemed for statement credit to cover eligible purchases or to purchase travel through the travel portal, but the value goes down when redeemed for cash back (.006 cents each) and varies for gift card redemptions.

Since there isn’t an opportunity to boost value with transfer partners, the best value you can aim for is 1 cent per point. While it isn’t a top redemption value, the tradeoff is the flexibility and simplicity it offers.

How do Bank of America travel rewards compare to other points’ values?

In most cases, your Bank of America travel rewards points are worth 1 cent per point. Premium Rewards Elite cardholders can get a 20 percent boost for airfare bookings through the Travel Center when you pay with points, which means a flight that costs 20,000 points will require about 16,700 points thanks to the 20 percent bonus.

Keep in mind that the Premium Rewards Elite card charges a $550 annual fee, so that’s a hefty price for a 20 percent rewards bonus (although there are other benefits of the card, of course).

Issuers such as Chase and American Express offer similar boosts for some cardholders redeeming points through their travel portals — and on cards with lower annual fees. Additionally, those issuers also have transfer partners that can allow you to get more value for travel with partner airlines and hotels.

Bank of America doesn’t have transfer partners, so there isn’t an option for that extra redemption value. That said, if you’re a Preferred Rewards member, that may make up for the lack of travel partners, but it’s something you’d have to analyze on a case-by-case basis.

Who are Bank of America travel cards best for?

As noted, this travel rewards program is best if you want simplicity and flexibility in earning and redeeming travel rewards. The Bank of America travel cards allow you to use your rewards to cover eligible travel purchases or make purchases directly through the portal, but the redemption value isn’t stellar.

If you are a Bank of America Preferred Rewards program member, you’ll get much more value than other cardholders. This invitation-only program gives you access to banking services discounts and rewards-earning boosts and membership is based on the combined balance of qualifying Bank of America or Merrill Investment accounts. Here’s a look at the five tiers offered:

In this scenario, you get the rewards boost on your earnings, but the redemption options remain a fixed value.

Bank of America travel credit cards

Bank of America has a handful of cards that offer ongoing rewards and travel-focused perks. Here are the cards you can choose from:

Bank of America® Travel Rewards credit card

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The Bank of America® Travel Rewards credit card is an entry-level travel credit card that allows you to earn basic travel rewards without paying an annual fee. Its rewards rate is simple; just swipe and earn 1.5X points on all of your spending without any limit. There’s no need to track spending categories or activate any special offer on your account to receive your rewards. Further, you can also earn 3X points on travel bookings and other purchases through the Bank of America Travel Center (except for insurance).

If you’re in the market to pay off existing credit card debt or fund an upcoming purchase, this card can be a good option thanks to its 0 percent intro APR for 15 billing cycles on balance transfers made within the first 60 days and on purchases (followed by a variable APR between 18.24 percent and 28.24 percent).

For more information on card perks, read our Bank of America Travel Rewards card benefits guide .

• Rewards rate : Unlimited 1.5X points on all purchases
• Welcome bonus : 25,000 online bonus points when you make $1,000 in purchases within 90 days of opening the account (worth $250 toward travel purchases)
• Annual fee : $0
• Additional perks : No foreign transaction fees ; long intro APR offer on purchases and balance transfers; Visa Signature benefits

Bank of America® Premium Rewards® credit card

The Bank of America® Premium Rewards® credit card offers another level of travel rewards: 2X back on all travel and dining purchases and a flat 1.5X rate on everything else. Plus, its welcome bonus is relatively easy to earn for an annual-fee-carrying travel card — spend just $4,000 in the first 90 days to earn 60,000 online bonus points.

The card also offers statement credits toward Global Entry or TSA PreCheck membership every four years and an annual airline incidental credit. And with Visa Signature Luxury Hotel Collection perks, you can enjoy automatic room upgrades, late checkout, complimentary breakfast and more.

Read our Bank of America Premium Rewards card benefits guide for more information on all the card has to offer.

• Rewards rate : Unlimited 2X points on travel and dining purchases; 1.5X points on other purchases
• Welcome bonus : 60,000 online bonus points when you make $4,000 in purchases within 90 days of account opening
• Annual fee : $95
• Additional perks : $100 incidental airline credit; up to $100 in credits toward your Global Entry or TSA PreCheck application fee; Visa Signature Luxury Hotel Collection perks; no foreign transaction fees

Bank of America® Premium Rewards® Elite credit card*

While the Bank of America Premium Rewards Elite credit card has the same rewards structure as the Premium Rewards card, it’s packed with a few more benefits to help offset its $550 annual fee.

Enjoy $200 more in airline incidental statement credits compared to the Premium Rewards card, the same Global Entry or TSA PreCheck statement credit opportunity and Visa Infinite Luxury Hotel Collection perk access. Plus, you’ll get $150 in lifestyle statement credits each year toward things like food delivery and streaming service costs, discounts on airfare redemptions through the Travel Center as well as Priority Pass Select membership, giving you access to 1,300-plus airport lounges worldwide.

• Rewards rate : Unlimited 2X points on travel and dining purchases; 1.5X points on all other purchases
• Welcome bonus : 75,000 online bonus points when you make $5,000 in purchases within 90 days of account opening
• Annual fee : $550
• Additional perks : $300 in annual airline incidental statement credits; $150 in annual lifestyle statement credits; up to $100 in credits toward Global Entry or TSA PreCheck ; complimentary Priority Pass Select membership; 20 percent off airfare redemptions through the Bank of America Travel Center; Visa Infinite Luxury Hotel Collection perks; no foreign transaction fees

Bank of America Travel Rewards Credit Card for Students

Although its features and benefits are minimal, the Bank of America® Travel Rewards Credit Card for Students can be a good entry-level card for students with little-to-no credit history. You’ll get 1.5X points on all purchases, plus the ability to redeem rewards for a statement credit on qualifying travel purchases.

There’s also a 0 percent intro APR on balances made in the first 60 days and on purchases for the first 15 billing cycles (followed by a variable APR between 18.24 percent and 28.24 percent), which can help students who have a large purchase on the horizon (or some existing debt) that they’d like to pay off over time (think textbooks or dorm supplies).

• Rewards rate : 1.5X points on all purchases
• Welcome bonus : 25,000 online bonus points after spending $1,000 in purchases within your first 90 days
• Additional perks : No foreign transaction fees; zero-interest offer on purchases

Bank of America® Travel Rewards Secured credit card*

Travel rewards cards for people who are working to build their credit are rare. This one allows you to work on building your credit with responsible use while also earning some travel rewards.

This is a secured card , so you’ll need to provide a security deposit of at least $200 to establish your line of credit. While the card does offer rewards, any secured card should be viewed primarily as a means to improving your credit with consistently responsible use. In fact, Bank of America will periodically review your account and relationship with the bank overall to decide whether to return your security deposit.

• Earn 1.5X points on all your purchases
• $0 annual fee
• Minimum $200 security deposit (up to $5,000) to establish you line of credit

Bank of America travel rewards frequently asked questions

Do bank of america travel rewards expire, can i share points with friends and family members, can you buy bank of america travel rewards points, the bottom line.

Bank of America’s travel rewards program isn’t as extensive as those of some other major issuers. But if your primary goal with travel rewards is simplicity and flexibility as compared to getting the best possible redemption value, Bank of America’s travel rewards program can deliver.

That said, if you’re at least a semi-frequent traveler, you’ll likely find better value from rewards programs like Chase Ultimate Rewards and American Express Membership Rewards .

*All information about the Bank of America® Premium Rewards® Elite credit card and the Bank of America® Travel rewards Secured credit card has been collected independently by Bankrate. Card details have not been reviewed or approved by the issuer.

The Bank of America content in this post was updated on April 19, 2024.

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Bank of America Travel Rewards: 3 Surprising Ways You Can Redeem Your Points

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What do fortunetellers, dolphinariums and art galleries all have in common?

Well, not much, really — except for the fact that, according to the Bank of America® Travel Rewards credit card ’s terms and conditions, they all count as travel purchases. That's one reason this card, which has a broader definition of travel expenses than almost any other travel card on NerdWallet, as well as no annual fee, could save you hundreds on an unconventional vacation. (Another reason is that points can be redeemed for restaurant purchases, too.)

What are 'travel purchases'?

Just because you buy something while you're on vacation, it doesn't automatically count as a "travel purchase." Card issuers define purchases according to Merchant Category Codes or MCCs — four-digit numbers that show up on the purchase lines of your credit card statement. Payment networks assign MCCs to businesses based on their industry, and card issuers decide which ones count as travel. As such, the definition of "travel purchases" varies widely from issuer to issuer.

For cards that let you redeem points or miles for travel statement credit, that definition matters because it determines how you can use the rewards you earn. With the Bank of America® Travel Rewards credit card , for example, you earn 1.5 points for every $1 you spend on anything. You can then redeem those points for a credit against travel purchases. The more things count as "travel," the greater the flexibility of your rewards.

Just about every travel card classifies airline and hotel costs as travel purchases, but the Bank of America® Travel Rewards credit card takes the definition a lot further, offering a laundry list of possible redemption options rarely offered by other issuers.

If you have the Bank of America® Travel Rewards credit card , here are three surprising travel redemptions you could take advantage of on your next trip.

1. If you book stays through HomeAway, VRBO or VacationRentals.com: 'Real Estate Agents and Managers – Rentals'

What it means: “Real Estate Agents and Managers – Rentals” (MCC 6513) includes certain non-hotel lodging, such as cabin rentals and bed & breakfasts.

Why it’s awesome: In the past, the popular vacation sites HomeAway, VRBO and VacationRentals.com (all of which are owned by HomeAway) have been classified as real estate. On most cards, this would mean you couldn't redeem your rewards for a travel credit for your stay, but with the Bank of America® Travel Rewards credit card , it's a different story.

If you want to pay for your stay with points, find a property owner who accepts credit cards through the booking site's payment tools, rather than someone who accepts payments only through PayPal or by personal check. You'll have to pay a processing fee , which exceeds the rewards you'll earn on the rental itself, but if you really want to use your points for your stay, it might be worth it.

Airbnb, another peer-to-peer rental marketplace, is typically classified as “Travel Agencies and Tour Operators,” not as real estate. But since travel agencies are also included in Bank of America®’s definition of travel, you’ll still be able to redeem your travel points for these stays if you put them on your card.

2. If you’re going on a family road trip: 'Motor Home and Recreational Vehicle Rental'

What it means: "Motor Home and Recreational Vehicle Rental" (MCC 7519) includes companies that rent out RVs and campers. Although many credit card issuers include car rental companies in their definition of travel, most exclude RV rentals.

Why it’s awesome: In most states, you can rent a six-person camper for around $100 per night. Even after factoring in the cost of gas, this can be much less expensive than staying at hotels if you’re traveling with a large family. Book the rental with your Bank of America® Travel Rewards credit card , and you’ll be able to redeem your points to cover the cost, or a portion of the cost.

3. If you’re going to Disneyland or Six Flags: 'Amusement Parks, Carnivals, Circuses, Fortune Tellers'

What it means: Historically, the "Amusement Parks, Carnivals, Circuses, Fortune Tellers" category (MCC 7996) has included Disneyland and Six Flags, as well as several smaller theme parks. If you happen to visit a fortuneteller on your trip, that will most likely be included too.

Why it’s awesome: Even though amusement parks are popular vacation destinations for families, the Bank of America® Travel Rewards credit card is the only general travel card on NerdWallet that includes this MCC in its definition of “travel.” If most of your vacation budget is spent on visiting parks with roller coasters, carousel rides and water slides, a card with this kind of redemption flexibility could make your next getaway a lot less expensive.

More travel categories

To be sure, the Bank of America® Travel Rewards credit card includes many other categories in its definition of travel. Here’s a complete list of everything that’s included, in the language provided in the card's terms and conditions:

Airlines, Air Carriers (representing individual major airline carriers, and Airlines/Air Carriers)

Lodging – Hotels, Motels, Resorts (representing individual major hotel/motel chains and Hotels/Motels/Resorts)

Car Rental Agencies (representing individual major agencies; and Automobile Rental Agency)

Cruise Lines

Travel Agencies and Tour Operators

Taxicabs and Limousines

Passenger Railways

Transportation – Suburban and Local Commuter Passenger, including Ferries

Transportation Services – not elsewhere classified

Real Estate Agents and Managers — Rentals

Campgrounds and Trailer Parks

Motor Home and Recreational Vehicle Rental

Tourist Attractions and Exhibits

Art Dealers and Galleries

Amusement Parks, Carnivals, Circuses, Fortune Tellers

Aquariums, Dolphinariums, Zoos, and Seaquariums

Boat Leases and Boat Rentals

Recreation Services — not elsewhere classified

If your travel expenses are all over the map, the Bank of America® Travel Rewards credit card might be the card for you. Read NerdWallet’s full review of this card to find out if it’s a good match.

on Chase's website

1x-5x 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.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

1.5%-5% Enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

Up to $300 Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!

on Capital One's website

2x-5x Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options.

75,000 Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

Find the right credit card for you.

Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.

Step-by-step: How to redeem points using the Bank of America Premium Rewards card

If you hold the Bank of America® Premium Rewards® credit card , you have a few choices when it comes time to redeem your points: You can use them to book travel, get cash back or buy gift cards. But how exactly do you go about redeeming them? Here's a step-by-step guide for using your Bank of America Premium Rewards credit card points.

Want to make sure you're maximizing every purchase like a points expert? Download the free TPG App to start spending like a pro.

Getting started

First, you'll need to sign in to your Bank of America account, select your Premium Rewards credit card from the list of accounts and click on the "Rewards" tab. That tab will show your total available points and provide an option to redeem them.

Clicking on "Redeem Points" brings you to a screen with three redemption options — you can use your points for travel, cash or gift cards. There's a 2,500-point minimum on all redemptions.

Bank of America doesn't have any airline or hotel transfer partners , but the first redemption option — "Travel" — will allow you to use your points to directly book a flight, hotel or car rental. The redemption rate is one cent per point, just as it is with the other two choices.

Shopping portals and gift card redemptions

However, you'll probably be better off booking your travel another way. For instance, if you use an online travel agency (OTA) such as Orbitz or Expedia, you can earn additional rewards from the OTA itself . Also, many OTAs appear on cash-back shopping portals , so you can double-dip on a booking and get even more cash back. Then if you still want to use your Premium Rewards points for the travel booking, just redeem them for a statement credit for the same amount and you'll get the identical one-cent redemption rate.

The same advice applies to gift card redemptions — you'll get one cent per point. You're not losing any value by going this route, but there are generally better ways to buy gift cards with a discount or cash back , or you can just pay for purchases with a credit card and earn additional rewards that way.

Cash redemptions

That brings us to the most valuable option — cash. We love points and miles, but nothing is more flexible than cash and the Premium Rewards card is one of the most powerful cash-earning cards out there, especially when you combine it with the Bank of America Preferred Rewards® program . With this program, you can earn up to a 75% bonus on your credit card rewards, but to reach this tier you'll need to have $100,000 in assets with Bank of America or its Merrill Lynch sibling.

So when you click on the "Cash" option, you'll come to a screen that allows you to use points for a direct deposit into a Bank of America or Merrill account, a 529 College Savings Plan or a statement credit to your Premium Rewards card. Click the "Redemption Options" pull-down menu and you'll find your various Bank of America accounts listed, including the Premium Rewards card itself.

Once you've selected an account, you can enter the number of points you want to redeem. Bank of America will show the cash amount you'll receive for those points and ask you to confirm your entry.

The final screen will show a confirmation that your redemption request has been submitted, along with all the details and a transaction ID number (which you should note in case there are any issues). It can take up to five business days for the redemption to appear, so don't panic if you don't see it immediately.

Automatic redemptions

You might have noticed that, along with the above process of making a single redemption (which Bank of America refers to as a "One-Time Redemption"), there's a tab to the right that offers the opportunity to set up an Auto Redemption.

Turning on Auto Redemption will cause all the points you earn to be automatically redeemed as a statement credit or deposited into the account you've set at the end of each month, as long as you have at least 2,500 points to redeem. If you'd like to set your redemptions on autopilot, you'll never have to think about it. Just watch the cash build up each month .

As you can see, redemptions with this card are pretty straightforward and the Premium Rewards card has a reasonable annual fee .

Alternative cards

The Premium Rewards card is an excellent cash-back credit card , but if you're interested mainly in travel rewards, the Chase Sapphire Preferred® Card has the same $95 annual fee but higher bonus — you'll earn 75,000 Chase Ultimate Rewards points after spending $4,000 in the first three months of account opening. The Premium Rewards card has a bonus of 60,000 points after spending $4,000 in the first 90 days of account opening.

The Chase points you earn with the Sapphire Preferred are worth one cent each as cash back or 1.25 cents each toward travel booked through Chase Travel℠ . It earns a higher 3 points per dollar on dining and 5 points on travel booked through Chase Travel (or the same 2 points per dollar on travel booked elsewhere).

For spending that falls outside of these bonus categories, the Premium Rewards card's 1.5 points per dollar beats out the Sapphire Preferred's 1 point per dollar. But with the Sapphire Preferred you have the ability to transfer Chase points to the issuer's airline and hotel partners.

This option makes the best travel credit cards a much better option for booking business- and first-class flights than even the best cash-back cards . For some examples of what you can do with transferrable Chase points, check out our article on the best ways to use Chase Ultimate Rewards points .

Or, if you prefer the simplicity of earning cash back and don't qualify for Bank of America's Preferred Rewards program, the Citi Double Cash® Card (see rates and fees ) is an excellent choice. It has no annual fee and earns 2% cash back on purchases: 1% when you make the purchase and an additional 1% as you pay your balance off.

Bottom line

Redeeming points with the Bank of America Premium Rewards card is quick and easy. This card is one of the top cash-back cards to use for your everyday spending, especially if you qualify for the highest status with the Bank of America Preferred Rewards program.

If you do, you'll get a 75% bonus on your credit card rewards, making every purchase with the Premium Rewards card worth at least 2.62% cash back — a very good rate of return.

Apply here: Bank of America Premium Rewards card .

Additional reporting by Ryan Wilcox and J ason Stauffer.

Updated 12/06/2023.

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Credit Cards

I’m an expat, and here’s why I love my Bank of America Travel Rewards card

Kelly Dilworth

Allie Johnson

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

Robin Saks Frankel

Published 5:24 a.m. UTC May 8, 2024

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VioletaStoimenova, Getty Images

I’m a U.S. citizen who lives most of the year in Canada. But when I pick up coffee or purchase subway fare in my adopted city of Toronto, I often find myself habitually turning to the same few American credit cards I’ve owned and used for years.

Using my American cards while living across the border helps me maintain my U.S. credit history. Plus, I’ve found that they offer more value than comparably-priced Canadian cards. 

I’m especially likely to pull out my Bank of America® Travel Rewards credit card because it offers ample points without requiring me to think too hard about different rewards categories. 

Instead, I earn the same unlimited 1.5 points per $1 on purchases, which is a rewards rate I’ve so far been unable to match with a no-annual-fee Canadian card. 

Aren’t sure how to choose a credit card? Read our guide on how to pick the best credit card for you.

In Canada, rewards cards without annual fees are typically less generous –– especially when it comes to miscellaneous spending. For example, my CIBC Dividend® Visa* Card * The information for the CIBC Dividend® Visa* Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers 2% cash back on groceries, 1% cash back on eligible gas, electric vehicle charging, transportation, dining and recurring payments, 0.5% cash on everything else. 

There are no foreign transaction fees on my Bank of America Travel Rewards card either. So I don’t have to sweat over 1% to 3% in foreign transaction fees that can quickly add up over multiple transactions. 

However, the number one reason I turn so regularly to my Bank of America Travel Rewards card is its convenience. 

After nearly 20 years of credit card experience, I’ve learned that I get more value out of low-maintenance cards that require minimal time and attention. 

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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 19.24% – 29.24% 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.

Even abroad, Bank of America Travel Rewards are simple to earn, fast to redeem 

In my experience, the Bank of America Travel Rewards Visa is especially easy to use in Canada compared with other American cards I own since it comes equipped with contactless technology (which was popular here long before it took off in the U.S.), and Visa is widely accepted. 

I rarely use my Discover it® Miles , by contrast, because I’ve struggled to find vendors in Canada who will accept it.

Since I earn the same rewards rate with every purchase on my Bank of America Travel Rewards card, I don’t have to track spending bonuses or worry about the types of foreign purchases that will qualify for a higher rate. 

Even better, the rewards I earn from my Bank of America Travel Rewards card are so easy to redeem I can do it within minutes online simply by checking some boxes next to eligible travel and dining purchases. Within days, a statement credit then posts to my account. 

I also can book rewards travel from whatever site I want to, and I don’t have to plan around blackout dates or other travel restrictions. 

For a working mom like me who can barely carve out time to book travel, let alone spend hours searching for a suitable rewards flight, that extra layer of simplicity is important. 

I also have ADHD, so navigating a complicated rewards scheme that requires lots of extra steps or tracking can sometimes feel overwhelming. Simpler rewards programs are easier for me to stick to long term and are overall a better fit for my neurodivergent brain. Plus, I’m more likely to use my rewards if they’re easy to redeem. 

On the downside, the redemption options for the Bank of America Travel Rewards card are limited: to earn a 1:1 return on your rewards spending, you need to redeem your points for travel or dining. 

You can trade in your points for a gift card, but your points will be worth less than a cent each. The redemption rate for cash is even stingier.

Luckily, there are plenty of purchases that count as travel and dining, including public transit and parking fees, bridge and highway tolls, tourist attractions such as aquariums and zoos, fast food, coffee shops, bars and taverns. 

Bank of America also gives you up to a year to redeem your points before a qualifying purchase is no longer eligible. So you have some time to build up your rewards. 

How I use American credit while living in another country

In my case, I’ve managed to seamlessly transition to living much of the year in Canada without giving up my American credit history because I still have a valid U.S. address and phone number and maintain a presence in both countries. 

I also happened to own most of my credit cards well before I moved to Canada in 2018. However, I have successfully applied for new cards in the years since and had them sent to my American address. 

Expats who don’t maintain a valid U.S. address may need to work with a bank or credit union that specializes in serving U.S. citizens who live or travel extensively abroad. But for me, it’s been relatively easy, and my Bank of America Travel Rewards card fits my needs perfectly.

*The information for the CIBC Dividend® Visa* 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.

Kelly Dilworth is a business and personal finance writer, specializing in the intersection between money and life. She has more than a decade of financial writing and reporting experience and has covered consumer banking and lending, credit cards, credit reporting and consumer scoring for a variety of personal finance outlets, including Bankrate and CreditCards.com, The Balance, LendingTree and Forbes Advisor. Her reporting has also been cited in Congressional testimony and in a number of reports, books and journal articles.

Allie is a journalist with a passion for money tips and advice. She's been writing about personal finance since the Great Recession for online publications such as Bankrate, CreditCards.com, MyWalletJoy and ValuePenguin. She's also written personal finance content for Discover, First Horizon Bank, The Hartford, Travelers and Synovus.

Robin Saks Frankel is a credit cards lead editor at USA TODAY Blueprint. Previously, she was a credit cards and personal finance deputy editor for Forbes Advisor. She has also covered credit cards and related content for other national web publications including NerdWallet, Bankrate and HerMoney. She's been featured as a personal finance expert in outlets including CNBC, Business Insider, CBS Marketplace, NASDAQ's Trade Talks and has appeared on or contributed to The New York Times, Fox News, CBS Radio, ABC Radio, NPR, International Business Times and NBC, ABC and CBS TV affiliates nationwide. She holds an M.S. in Business and Economics Journalism from Boston University. Follow her on Twitter at @robinsaks.

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Chase Sapphire Preferred vs. Bank of America Travel Rewards: Which should beginner travelers get?

I f you're jumping into the travel rewards game, picking which credit card to start with can be overwhelming. There are a lot of competitive options, each with its own set of advantages and disadvantages.

In this guide, we'll walk through two popular beginner travel credit cards — the Chase Sapphire Preferred® Card and the Bank of America® Travel Rewards credit card . Both offer an entry point into earning travel rewards, but which is best for your wallet?

Chase Sapphire Preferred vs. Bank of America Travel Rewards comparison

Before we dive deeper into how these cards stack up against each other, let's run through a quick overview of each card's details.

*Point value is based on TPG calculations and is not provided or reviewed by the issuer.

Sapphire Preferred vs. BofA Travel Rewards welcome offer

The Chase Sapphire Preferred clearly has a superior bonus in terms of value. You'll receive 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening, which is worth up to $1,538 according to TPG valuations .

By comparison, you'll only get 25,000 points after spending $1,000 in the first 90 days of account opening (a $250 value) from the Bank of America Travel Rewards credit card .

However, something to keep in mind here is the spending requirements. While you must spend $4,000 in the first three months to earn the Chase Sapphire Preferred bonus, you'll only need to spend $1,000 in the first 90 days with the Bank of America Travel Rewards credit card.

At the end of the day, the value of the bonus doesn't matter if you can't reasonably hit the spending requirements. For those with smaller budgets, the Bank of America Travel Rewards sign-up bonus might be the more attainable (and therefore more beneficial) option — though be sure to check out our guide on reaching minimum spending thresholds for tips on how to hit a higher requirement.

Winner : Sapphire Preferred. Its welcome offer provides superior value.

Sapphire Preferred vs. BofA Travel Rewards benefits

Neither of these cards is a premium travel card , which means they offer comparatively few additional benefits.

That said, the Chase Sapphire Preferred stands ahead in this category, as it does offer cardholders at least one complimentary year of DashPass service, which gives you $0 delivery fees and reduced service fees on eligible DoorDash food delivery and takeout purchases (must activate by Dec. 31).

You'll also get a $50 annual hotel statement credit for reservations booked through the Chase travel portal, plus a solid lineup of credit card protections , including trip cancellation/interruption insurance, primary car rental coverage, baggage delay insurance, trip delay reimbursement, travel and emergency assistance services, purchase protection and extended warranty protection.

On the other hand, the Bank of America Travel Rewards card is much more limited. though — like the Sapphire Preferred — it is a Visa Signature card, so that will provide some benefits .

Winner : Sapphire Preferred also gets the edge here with its longer list of benefits.

Earning points on the Sapphire Preferred vs. BofA Travel Rewards

Once again, the Chase Sapphire Preferred comes out ahead in the earning department. You'll earn 3 points per dollar on dining and 2 points per dollar on travel , select streaming and online grocery purchases, plus 5 points per dollar on Lyft purchases (through March 2025).

On the other hand, the Bank of America Travel Rewards credit card earns 1.5 points per dollar across all purchases. However, preferred cardholders can boost this earning rate significantly. If you are an existing Bank of America customer with enough money stashed away with the bank to qualify for the Preferred Rewards® program , you can earn anywhere from 1.87 points per dollar to 2.62 points per dollar on all purchases.

Those who are Platinum Honors Preferred Rewards members (meaning you'll earn 2.62 points per dollar on all purchases) might end up getting more value from earning this higher flat rate across all purchases in the long term.

Winner: Sapphire Preferred. The Travel Rewards can't compete with its earning categories.

Redeeming points on the Sapphire Preferred vs. BofA Travel Rewards

Another major difference between the two cards is the redemption options.

The Bank of America Travel Rewards credit card earns fixed-value points, like cash back on eligible purchases. You can redeem your Bank of America Travel Rewards points at a value of 1 cent apiece as a statement credit to cover travel and dining purchases. Otherwise, you'll get 0.6 cents value from each point by requesting a check or deposit from the bank.

With the Sapphire Preferred, you can redeem your points at a 25% bonus for travel when you book through the Chase travel portal, plus you get many more options when transferring points (see below).

Winner: Sapphire Preferred. Its redemption options are much more varied.

Transferring points on the Sapphire Preferred vs. BofA Travel Rewards

The Chase Sapphire Preferred offers a lot more flexibility in its redemption options. You can transfer points at a 1:1 rate to one of Chase's 14 valuable transfer partners . At a minimum, you can get a 1.25-cent value from your points through the Chase portal, but transferring to the right partner could get you even more value.

While there's something to be said about the simplicity of Bank of America's redemption process, especially for TPG writers like Ryan Wilcox , Chase takes the cake with more potential value and flexibility.

Winner : Sapphire Preferred, since it offers the option to transfer points to hotel and airline partners.

Should I get the Sapphire Preferred or BofA Travel Rewards?

The Chase Sapphire Preferred comes with a higher sign-up bonus, a more robust earning rate and more value and flexibility in redemption options. The Bank of America Travel Rewards credit card is a simple card that's great for beginners, but for the most part, it can't compete with the upside of the Sapphire Preferred.

Bottom line

For those who hope to build a robust travel credit card strategy and learn about how to maximize transfer partners and card pairings, the Chase Sapphire Preferred is a great starting place.

But if the thought of navigating transferring points to a specific airline makes you break out into hives, the simplicity of the Bank of America Travel Rewards credit card makes it an excellent choice, too.

To learn more, read our full reviews of the Chase Sapphire Preferred and the Bank of America Travel Rewards .

Apply here: Chase Sapphire Preferred

Apply here: Bank of America Travel Rewards

Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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How Much Are Bank of America Rewards Points Worth?

The average value of Bank of America Rewards points varies between 0.6 cents to 1 cent per point, although Preferred Rewards members can earn even more value for their spending.

Quality Verified

Updated: March 21, 2024

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About Grace Pilling

Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.

Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.

• Bank of America . " Travel Center ." Accessed January 12, 2024 .
• Bank of America . " Preferred Rewards ." Accessed January 12, 2024 .