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20,000 point Bank of America Travel Rewards offer worth $200

by on Mon August 17, 2015 • No Comment


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.

But there’s now a better offer for 20,000 points after you spend $1,000 in the first 90 days, which is worth at least $200 in airfare or other travel expenses, according to Reddit users.

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.

  • You can purchase any travel you’d like with the card, then use your points to get statement credit to offset some or all of the charge. Every 2,500 points is worth $25.
  • While we tend to recommend the Chase Sapphire Preferred Card for flexibility (compare both here), if you’re a ‘set it and forget it’ kind of person who wants just one card, doesn’t want to deal with airline miles or fees, and wants some travel rewards, the Bank of America Travel Rewards card is a great choice.
  • You even have up to 12 months after a travel purchase to ask for statement credit, so you can spend a year after you buy your trip earning points to offset the cost.
  • The card is also useful for international travel because it has no foreign transaction fees and EMV chip enabled, with the ability to set a PIN as a backup for some travel kiosks.

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.



The following two tabs change content below.

Chase Sapphire Preferred® Card

Miles dont expireas long as card is open
Learn more

Partner Offer

50,000 bonus points

Intro Offer

$0 introductory annual fee the first year, then $95

Annual Fee


Foreign Transaction Fee Waived

Yes - transfer to United MileagePlus, Southwest Rapid Rewards, Marriott Rewards, and more

Points Can Transfer to Airline Miles ?

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