The Bank of America Travel Rewards Card is an excellent option for returning travelers who want to get their hands on a tool that offers flexible rewards but aren’t willing to pay an annual maintenance fee for it.
The Bank of America Travel Rewards card is a card that provides certain benefits for ordinary travelers. Let’s take a look at each of its properties:
As you can see, the Travel Rewards credit card is an ideal card for travelers. The elaborate of not being subject to an annual fee and such a chance that it gives the customer 25,000 bonus skins after spending their first $1,000 (certain conditions apply) translates into a great deal. In the end, the bonus alone would be around $250.
Remember: The points accumulated with your Travel Reward card have the possibility of redeeming for a penny (in travel) and a little more than a halfpenny to collect in cash. Fortunately, you’ll also have the option to exchange your accumulated skins for gift cards. (Minimum: 2,500 gift card skins.)
Bank of America Travel Rewards Card: Pros and Cons
In the Bank of America Travel Rewards card, there are specific pros that we would like to highlight before continuing with some of its benefits or among other things. These pros are:
- You will not have to pay monthly or annual maintenance fees ($0).
- It is not subject to charges for transactions carried out abroad (0%).
- It gives you the elementary flexibility to travel how, when, and with whom you want.
- Linking your card with particular Bank of America and Merrill banking operations could speed up rewards.
Does this card have disadvantages? Of course, like almost every one of the markets. Generally, it could be said that this plastic is more restrictive than a refund or cashback card.
To this should be added that, if you tend to spend a considerable amount of dollars a year and would not mind paying an annual fee, you will have the possibility of finding outstanding opportunities.
Bank of America Travel Rewards Card: Benefits
We have already seen how the Travel Rewards card works and a shortlist with its pros and cons, but it is time to soak up all the advantages and small print. that hides
flexible rewards
As the Travel Rewards card is not affiliated with any airline or tourist company in particular, you will have the possibility to book your ticket or accommodation wherever you want and with your trusted company or agency. One of the positive card points of the card is that, in addition, you will not have limitations to travel or dates outside the calendar.
Something that tends to be quite popular is that Bank of America’s definition of “travel” is, in this situation, one of the broadest in the banking sector.
Why? Well, you will have the possibility of using your card points to buy plane tickets, pay for a hotel stay, get on board a cruise ship, rent a car, etc. However, go to camps, zoos, art galleries, carnivals, aquariums, circuses, and amusement parks.
Suitable for travel and tourism
Added to the elaboration that the term of travel used by the Travel Rewards card belongs to the most general in the sector, you will have a Visa card accepted in all corners of the world.
Therefore, you will have no problems using it abroad. To this, we should add that you will have the possibility to spend and buy in another territory without worrying about extra charges. This represents a saving, if you compare it with the average, of 2-3% of the cost invested.
Access to Visa Signature benefits
As it is a Visa Signature card, you will have the possibility of accessing all its benefits, that is, 24/7 concierge, travel custody, discounts, and favorite treatment in luxury hotels located in well over 800 destinations, among others.
You will have the possibility to request optimization of your room or enjoy a complimentary continental breakfast, even if it is not included in the package.
Opportunity to succeed plus great rewards
If you qualify for the Preferred Rewards program, you will have the possibility to enjoy a maximum rewards grade:
- You will earn up to 3 bonus skins for every dollar spent.
- You’ll earn double the card’s usual rate if you book your trip through the Bank of America Center.
Let’s see a sample case. Imagine spending about $20,000 with your Travel Rewards card over a year. Typically, this would make you trustworthy of 15,000, or an equivalent of $150. If you have a Gold membership in Preferred Rewards, card points will increase to 18,750 ($187.50), and if you are Platinum Honors, to 26,250 points ($262.50).
Bank of America Travel Rewards Card: Disadvantages
Bank of America’s Travel Rewards credit card could be a sound travel card, particularly if you don’t want to pay a maintenance fee. However, not everything is rosy. Before applying, you should take into consideration:
Those other cards have superior rewards. If you tend to spend a lot of money on your credit card, you may be able to discover a travel card that offers you more miles and cashback. You can see some of those by going to the Bank of America website.
You won’t get the same if you exchange your earned points for cash. By the way, you’ll have a little over half a penny instead of one. This could be a drawback that decreases the flexibility of the card.
That there are better bonuses. There are cards with which you will have the possibility to collect three-card points instead of one for each dollar you spend. Yes, they may not remain as equipped for trips abroad, but the prospect of triple success is worth it.
Should I Request It?
Yes, as long as it suits your needs. For a travel card that doesn’t charge a maintenance fee or foreign transaction fees, it’s not bad at all.
And if you combine the positive results of the card with the Preferred Rewards program, it will be even better! Also, believe that the card points do not expire and that the issuing organization gives you the chance to redeem them at the airline, hotel, tourist establishment, among other things of your choice.
What is Bank of America?
In Spanish, the Bank of America Corporation: Bank of America of the United States is an organization in this country of banking and international financial services with headquarters in Charlotte, North Carolina. It is the second-largest bank holding company in the US by assets.
As of 2010, Bank of America is the fifth-largest US company by total revenue and the third-largest non-oil company (after Wal-Mart and General Electric). In 2010, Forbes magazine listed Bank of America as the third most prominent organization globally.
The purchase of Merrill Lynch in 2008 made Bank of America the largest wealth management company globally and played a fundamental role in the investment banking market.
The company held 12.2% of all bank deposits in the US in August 2009. Its main participants were the four monumental American banks, Citigroup, JPMorgan Chase, and Wells Fargo.
Bank of America operates throughout the United States and in more than 40 territories. It is retail banking in size, covering about 80% of the US population, and serving nearly 57 million customers and small businesses in 5,600 banking centers and 16,200 ATMs.
After the banks’ stress test, which took place in mid-May 2009, US regulators announced that the bank had a deficit of US$34 billion, at the time the cost of occupations. Of the bank corresponds to US$70 billion.
