The Financial institution of America® Journey Rewards bank card is CNET’s decide for the greatest journey bank card with no annual price. It is significantly precious should you’re already a Financial institution of America buyer, however nonetheless price contemplating should you’re not.
Whereas journey bank cards with an annual price might provide extra journey perks and higher rewards, this card has a stable flat rewards fee on all purchases with the chance to earn even greater rewards if in case you have a Financial institution of America deposit account or Merrill funding account. As is normal, the Financial institution of America Journey Rewards card has no international transaction charges.
There’s one vital restriction: If you wish to redeem rewards as assertion credit, you possibly can solely use them towards journey and restaurant fees, so ensure you particularly desire a journey card earlier than you apply. Under we overview the rewards, Most well-liked Rewards program for Financial institution of America prospects, extra perks and another playing cards to contemplate.
On this article
Financial institution of America® Journey Rewards bank card
Intro Supply25,000 on-line bonus factors after you make not less than $1,000 in purchases within the first 90 days of account opening – that may be a $250 assertion credit score towards journey purchases.
APR18.24% – 28.24% Variable APR on purchases and stability transfers
Intro Buy APR0% Intro APR for 18 billing cycles for purchases
Advisable Credit score Wonderful/Good
- Earn limitless 1.5 factors per $1 spent on all purchases, with no annual price and no international transaction charges and your factors do not expire.
Annual Payment$0
Intro Steadiness Switch APR0% Intro APR for 18 billing cycles for any BTs made within the first 60 days. A 3% price (min. $10) applies.
Steadiness Switch APR18.24% – 28.24% Variable APR on purchases and stability transfers
Steadiness Switch Payment Both $10 or 3% of the quantity of every transaction, whichever is larger.
Late Fee Payment See phrases
International Transaction Charges None
Penalty APR as much as 29.99% APR
- Earn limitless 1.5 factors per $1 spent on all purchases, with no annual price and no international transaction charges and your factors do not expire.
Our Take
This on-line solely provide will not be accessible should you depart this web page or should you go to a Financial institution of America monetary heart. You’ll be able to make the most of this provide whenever you apply now.
Rewards and redemption
You may earn 1.5 factors for each greenback spent with the Financial institution of America Journey Rewards card, with out restrictions or caps. This can be a respectable return fee throughout all purchases, however different bank cards with no annual price provide higher rewards charges on high of that. Nonetheless, there are two area of interest alternatives to earn extra factors per greenback spent.
Factors are price 1 cent every when redeemed for a press release credit score, however you possibly can solely use assertion credit for journey or restaurant fees. Although the classes are nonetheless pretty broad, that is one caveat to bear in mind when deciding if this card is true in your spending habits. This is a breakdown of the classes you possibly can redeem assertion credit for:
Journey and restaurant fees
| Airways | Journey companies | Toll and bridge charges |
|---|---|---|
| Accommodations | Tour operators | Artwork galleries |
| Motels | Actual property brokers | Amusement parks |
| Timeshares | Passenger trains | Carnivals/Circuses |
| Trailer parks | Buses | Aquariums |
| Motor house and RV leases | Taxis | Zoos |
| Campgrounds | Limousines | Bars/Taverns |
| Automotive rental companies | Ferries | Restaurant/Consuming locations |
| Truck and trailer rental | Boat leases | Cocktail lounges/Evening golf equipment |
| Cruise strains | Parking heaps and garages | Discotheques |
You may additionally want a minimal of two,500 factors (equal to $25) to redeem assertion credit. When in comparison with different bank card reward applications, these redemption restrictions make this card comparatively rigid.
Although not closely marketed, there are two eventualities the place you possibly can earn greater than the 1.5 factors per greenback spent. A technique is by reserving journey by Financial institution of America’s Journey Middle, the place you possibly can earn 3 factors per greenback. Many journey bank cards provide some type of branded reserving platform, typically with elevated rewards charges.
The opposite means you possibly can earn greater than 1.5 factors per greenback spent is if you’re a Most well-liked Rewards member.
Financial institution of America Most well-liked Rewards program
When you’ve got a Financial institution of America deposit account and/or Merrill Funding accounts, you possibly can leverage your mixed stability to earn much more bank card rewards. The Most well-liked Rewards program affords three completely different tiers — Gold, Platinum and Platinum Honors — by which you’ll be able to earn boosted rewards fee on all your spending.
Making use of Most well-liked Rewards to Financial institution of America Journey Rewards card
| Tier | Mixed accounts threshold* | Level enhance | Rewards fee |
|---|---|---|---|
| Gold | $20,000 to < $50,000 | 25% factors enhance | 1.87 factors per greenback |
| Platinum | $50,000 to < $100,000 | 50% factors enhance | 2.25 factors per greenback |
| Platinum Honors | $100,000 and up | 75% factors enhance | 2.62 factors per greenback |
*Mixed accounts thresholds are primarily based on a three-month mixed day by day common.
In case you already financial institution or make investments with Financial institution of America or Merrill, this card can provide a aggressive rewards fee throughout your purchases — it is exhausting to seek out flat charges larger than 2%.
The Most well-liked Rewards program applies past this Financial institution of America Journey Rewards card, so it may very well be price taking a look at different Financial institution of America bank cards to see what most closely fits your spending.
Welcome bonus
The Financial institution of America Journey Rewards bank card affords a high welcome bonus amongst opponents with no annual price.
You earn 25,000 bonus factors should you spend not less than $1,000 within the first 90 days from whenever you open your account. These factors will be redeemed for $250 of assertion credit towards journey or eating. Many bank cards with no annual price have a welcome bonus valued round $200 or much less, and between a $500 and $750 spending threshold to unlock it. However should you usually spend not less than $334 per 30 days in your bank card, this welcome bonus is best than most.
Introductory APR
This card affords an introductory APR you should use to assist finance a visit or different massive buy, or to switch a stability to pay down debt extra simply.
The Financial institution of America Journey Rewards bank card comes with 18 billing cycles of 0% introductory APR on purchases and stability transfers (18.24% to twenty-eight.24% variable APR thereafter). Meaning you will not incur curiosity fees on purchases for the primary 18 billing cycles after you open this card account — so long as you make all of your minimal funds on time. Equally, you possibly can switch a stability you might have on a high-interest bank card to get some aid from curiosity fees should you full the switch throughout the first 60 days of approval, with a 3% stability switch price ($10 minimal). We advise paying off the entire stability by the top of the promotion although, in any other case you will be topic to an 18.24% to twenty-eight.24% variable APR thereafter. These curiosity fees add up shortly.
Different playing cards to contemplate
Capital One VentureOne Rewards Credit score Card
The Capital One VentureOne Rewards Credit score Card* is one other journey bank card with no annual price, with an all-around weaker provide. The rewards fee and welcome bonus are total barely decrease, and the introductory APR promotion is a bit shorter.
You may earn 1.25 miles per each greenback spent — which interprets to a 1.25% return fee should you redeem your miles for assertion credit. In case you choose to e book automobile leases or accommodations by Capital One Journey, you will earn 5 miles per greenback. It’s also possible to unlock 20,000 miles — a $200 worth — with the welcome bonus, after spending $500 within the first three months of account opening.
You may get 15 months of introductory APR on purchases and stability transfers — three months lower than with the Financial institution of America Journey Rewards card. After this era your APR will soar as much as 19.24% to 29.24% variable.
Chase Freedom Limitless®
The Chase Freedom Limitless® does not have an annual price and can in the end web you larger rewards charges — and extra redemption flexibility. It is technically a cash-back bank card, fairly than a journey bank card, however it may be utilized to journey as properly.
You may get the identical 1.5% flat cash-back fee, however earn the next rewards fee of three% money again on eating and drugstore purchases. If you wish to e book your journey lodging by Chase Final Rewards, Chase’s reserving platform, you may also earn 5% money again on these purchases — the next fee than you’d earn when reserving by the Financial institution of America Journey Middle. Chase’s Final Rewards factors are price 1 cent every when redeemed for a press release credit score, which will be utilized to any fees.
You additionally get 0% introductory APR on purchases and stability transfers made within the first 15 months of opening your account (18.74% to 27.49% variable APR thereafter).
For extra particulars about this card, see our Chase Freedom Limitless overview.
FAQs
What are international transaction charges?
You will not discover international transaction charges on most journey bank cards. International transaction charges are charged by different kinds of bank cards whenever you use your card internationally. This cost is supposed to cowl transactional prices. Normally, international transaction charges quantity to three% of the quantity you cost to your bank card.
What are premium journey playing cards?
Premium journey playing cards are costlier than most journey bank cards — they usually have annual charges ranging within the a whole lot of {dollars}. In alternate, they provide higher advantages than typical journey playing cards, comparable to greater rewards charges, extra annual credit or higher journey upgrades. They’re usually marketed to frequent vacationers.
What is the distinction between airline bank cards and journey bank cards?
Co-branded airline bank cards are designed for frequent flyers of a particular airline. Their advantages are often extra focused to flights than normal journey. For instance, perks typically embody a reduction on in-flight purchases, or companion fares that mean you can convey a visitor in your journey. In case you’re not loyal to 1 airline, a normal journey card often affords higher rewards for many vacationers.
Learn extra: Airline Playing cards vs. Journey Credit score Playing cards
Our methodology
CNET opinions bank cards by exhaustively evaluating them throughout set standards developed for every main class, together with cash-back charges, welcome bonus, journey rewards and stability switch. We take into accounts the standard spending conduct of a variety of client profiles — with the understanding that everybody’s monetary state of affairs is completely different — and the designated perform of a card.
*All details about the Capital One VentureOne Rewards Credit score Card has been collected independently by CNET and has not been reviewed by the issuer.
The editorial content material on this web page relies solely on goal, unbiased assessments by our writers and isn’t influenced by promoting or partnerships. It has not been offered or commissioned by any third social gathering. Nonetheless, we might obtain compensation whenever you click on on hyperlinks to services or products supplied by our companions.
