The Bank of America Travel Rewards credit card earns 1.5x points on all spending with no annual fee.
The card can also earn up to 2.65x points on all spending if you qualify for Preferred Rewards by having funds in a Bank of America or Merrill account.
- Earn 25,000 Bonus Points After Spending $1,000 in First 90 Days
- 1.5X Points on All Purchases
- 25% to 75% More Points for Preferred Rewards Members
- 0% Intro APR for your first 18 billing cycles for purchases. After the intro APR offer ends, a Variable APR that’s currently 16.24% to 26.24% will apply.
- No Annual Fee
Extra Points with Preferred Rewards
Members of the Preferred Rewards program earn 25% to 75% more points on every purchase based on the amount of money in Bank of America banking and/or Merrill Investment accounts.
Gold ($20,000 to $49,999) = 25% rewards boost, which equals 1.875x points on all spending.
Platinum ($50,000 to $99,999) = 50% rewards boost, which equals 2.25x points on all spending.
Platinum Honors ($100,000+) = 75% rewards boost, which equals 2.625x points on all spending.
Travel Rewards Card Benefits
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
Secondary Rental Car Insurance
Secondary rental car insurance covers any damage to a rental car not covered by your primary insurance when you pay for the rental using this card.
Other credit cards offer primary rental car insurance, which pays before your insurance and saves you the hassle of filing multiple insurance claims.
But there are situations where this secondary insurance becomes the primary insurance, including when renting a car outside the U.S. and your personal car insurance does not cover you in that country, or if you don’t have collision insurance.
You still need to maintain liability car insurance to cover damage to another person or property.