You can utilize points to get credit for airfare, hotel stays, cruises and car rentals, of course — but also for things like campgrounds, art galleries, amusement parks, carnivals, circuses, aquariums and zoos.
The Bank of America® Travel Rewards charge card is a great option for frequent travelers who want flexible rewards but just can’t bring themselves to cover an annual fee for a credit card.
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There are point redemptions that yield significantly less than 1 cent per point, so you’ll want to select the redemption that yields the best value.
For example, a $25 gift card might cost 3,500 points, but a $250 gift card may cost 25,000 points.
Failing to reach the bonus’ spending requirement by the deadline will result in you not getting the sign-up bonus, so it’s good to meet the necessity well beforehand.
If you struggle to remember to pay your balance every month, you can setup automatic payments through the Online Banking app or site.
Finally, the card includes several consumer protection benefits, including extended warranty protection, auto rental collision damage waiver and trip cancellation/interruption insurance.
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If your trip is canceled or interrupted, your baggage could easily get lost, too.
Baggage delay coverage offers around $100 per day for up to five days whenever your bags are delayed or misdirected by a common carrier for more than six hours.
The coverage is for essential items including clothing and is secondary to any carrier based coverage.
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Also you can redeem as a check or as a direct deposit into an eligible Bank of America® account.
All redemption options need you to have at the least $25 in cash rewards.
There aren’t many rewards bank cards that allow you to choose your personal bonus categories.
And of those that exist, none of them enables you to change your selection up to once a month, as the Bank of America® Customized Cash Rewards charge card does.
- For more information on how these cards build up with one another, see our roundup of best bank cards.
- Those cardmembers booking travel through Chase Ultimate Rewards will be further rewarded with a generous 5%
- Designed for loyal Bank of America users, the Preferred Rewards program will take your profits to new heights, and also provide savings on stock trades, automobile financing and mortgages – even transactions with non-Bank of America ATMs.
- The information for the Air France KLM World Elite and Free Spirit Travel More cards has been collected independently by The Points Guy.
- You will need good to excellent credit to qualify for the very best Bank of America bank cards (a lot of the cards with this list) — meaning a FICO score of at the very least 670.
- Much like most BofA cards, new and existing cardholders is now able to activate a free of charge year of Grubhub+ membership, which includes free delivery on orders over
In order to become a Preferred Rewards member you will have to have an eligible Bank of America checking account, a three month average balance of at the very least $20,000 in Bank of America deposit or Merrill investment accounts.
The various tiers — Gold, Platinum and Platinum Honors — be determined by the combined balances in your Bank of America deposit or Merrill investment accounts, with Gold requiring the very least $20,000 in combined balances.
The best credit cards for international travel exceed just having no foreign transaction fee.
The Alaska Airlines Visa® credit card is just about the best of the co-brand Bank of America airline credit cards.
This is among the easiest ways to earn Alaska miles you can redeem for award flights.
For example, one-way flights to Hawaii start at 15,000 miles per person.
The signup bonus is 25,000 bonus points worth $250 in award travel via a statement credit by spending $1,000 on purchases in the first 90 days.
In addition to credit cards expertise, we’ve a variety of industry experts on our editorial team to greatly help every reader make the very best travel decisions available.
We believe every redemption matters, whether someone is using points and miles to have a dream trip or seeking to save money on holiday travel.
At The Points Guy, our goal is to help you maximize your travel experiences while minimizing spending.
Our travel and bank cards experts share their very own experiences and give honest analyses to assist you make decisions that benefit you the most.
While we do receive compensation through our charge card application links, ads, and clearly indicated sponsored content, our editorial content, points valuations and card analysis are entirely our very own.
The Bank of America® Customized Cash Rewards CHARGE CARD is an effective option for folks with good or excellent credit who want to earn rewards and bonuses from their purchases.
Cardholders who have significant amounts of profit their deposit accounts with Bank of America or investment accounts with Merrill will reap probably the most from this card because of the higher cash-back rates they get by being a Preferred Rewards member.
I accidentally made a double payment because I never received any confirmation that my first payment was made.
Their website is poorly created, so it’s often unclear if you have submitted payment (sometimes I receive a contact, other times I don’t).
I called immediately to reverse 1 of the transactions once I saw this happened.
I love that this card gives me the freedom to change my cash back categories once per calendar month.
When I booked a vacation to Mexico City at the end of June in the past, I switched my rewards category from online shopping to travel minutes before booking my flight, and I could switch it back on July 1.
At that time, I didn’t know much about bank cards, therefore i went with one of Bank of America’s bank cards due to the fact I had a bank checking account with them.
A decade later, I make a living advising others on bank cards, and I still have the Customized Cash Rewards card in my wallet.
These cards enable you to earn bonus points on all repairs, improvements, and recurring bills.
It can be one of the greatest credit cards for travel miles, especially if you are already a Bank of America member.
For those who have a balance accruing interest on another card, by transferring it