Earn 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening.
$1,000 toward travel or transfer to United, Southwest, and more.
That's $750 toward travel when you redeem through Chase Ultimate Rewards® or 1:1 point transfer to leading airline and hotel loyalty programs.
The Bank of America Travel Rewards card is one of the best no annual fee travel credit cards available.
Typically the card has a pretty measly introductory offer of 10,000 points, which is worth at least $100 toward airfare.
Is this worth it?
The card on the surface is pretty basic.
There’s no annual fee, no foreign transaction fees, and you earn 1.5 points per dollar on everything you spend. You also earn 3 points per dollar for any travel purchases you make via the Bank of America Travel Center, up to 9,000 bonus points a year. But you don’t have to use the Travel Center to take advantage of your points.
Bank of America doesn’t have a lot of great travel rewards offers, aside from the Alaska Airlines Visa and Virgin Atlantic MasterCard, and possibly soon the Amtrak Guest Rewards credit cards, so this is a nice opportunity to spread your applications around to a different bank.
Better if you’re a Bank of America customer
If you have any Bank of America checking, savings, IRA, or brokerage account you get a 10% bonus on rewards, which gets you 1.65 points per dollar you spend on the card.
The real juice on this card comes if you’re a Bank of America Preferred Rewards client, which gets you a bonus of up to 75% on the points you earn, so the card could earn you 2.625 points per dollar you spend, a remarkable rate.
To get that though you’ll need $100,000 on deposit with Bank of America.
Usually that’s not a great idea because Bank of America pays terrible interest rates on its savings accounts, but if you keep the funds in a Merrill Edge account and use that for stocks then it can be a decent deal, since Merrill Edge has pretty reasonable trade fees and your money is earning its full return potential.
You can also get a bonus at lower deposit amounts.
$20,000 gets you a 25% bonus on rewards, and $50,000 gets you a 50% bonus on rewards.
Not worth shifting your accounts over to Bank of America unless you really want the full 2.6%+ earning, but if you already bank there it’s a nice extra. This is the kind of card that’s little to no risk to have in your wallet, and when it’s offering a rare higher signup, it’s worth a look.
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Foreign Transaction Fee Waived
Points Can Transfer to Airline Miles ?
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