The Bank of America Travel Rewards is the bank's no-annual-fee travel card — a flat 1.5x points on every purchase, no foreign transaction fees, and 3x when booking through the BofA Travel Center. The 25,000-point welcome bonus ($250 toward travel) after just $1,000 in spending is one of the easiest first-year bonuses available. For existing BofA/Merrill customers with Preferred Rewards status, the earn rates boost to up to 2.625x everywhere — making it a strong no-fee daily driver. The key limitation: no transfer partners, and points are worth exactly 1¢ each.
Earning Structure
| Category | Base Rate | Platinum Honors (+75%) |
|---|---|---|
| BofA Travel Center bookings | 3x pts | 5.25x pts |
| All Other Purchases (unlimited) | 1.5x pts | 2.625x pts |
The 1.5x flat rate is the same as Wells Fargo Active Cash's 2% in structure (both are straightforward flat-rate earners), but Active Cash earns more in dollar terms (2% vs. 1.5% at 1¢/pt). The Travel Rewards advantage: no foreign transaction fee and the potential Preferred Rewards boost for BofA customers.
Redemption — Points as Travel Statement Credits
Travel Rewards points are worth 1¢ each when redeemed for statement credits against any travel or dining purchase made in the past 12 months. "Travel" is broadly defined — flights, hotels, rental cars, cruises, Uber/Lyft rides, Airbnb, restaurants, and dining delivery all qualify. Minimum redemption: 2,500 points ($25). You can also redeem for cash back or a deposit into a BofA/Merrill account. Points never expire as long as the account is open.
The 0% intro APR for 15 billing cycles on purchases and balance transfers (transfers within 60 days) gives this card a dual use case: travel rewards card and financing tool in the first year.
Who It's For
- BofA Preferred Rewards members who want a no-fee card: The boost to 2.625x everywhere at Platinum Honors makes this one of the best flat-rate no-fee cards for BofA customers, beating the Active Cash (2%) without a foreign transaction fee.
- First-time travel rewards cardholders who want simple point accumulation with no annual fee and no complex transfer partners to learn.
- International travelers who need a no-fee card without foreign transaction fees — the $0 FTF is a meaningful advantage over many other no-fee cash back cards.
Pros & Cons
What We Like
- No annual fee — ever
- No foreign transaction fee — use internationally without surcharge
- 25,000-point welcome bonus ($250 toward travel) after just $1,000/90 days
- 0% APR 15 billing cycles on purchases + balance transfers
- Preferred Rewards boost applies — up to 2.625x everywhere at Platinum Honors
- Travel redemptions cover all past travel + dining, any card
What to Watch Out For
- 1.5x base rate = 1.5¢/dollar — trails Wells Fargo Active Cash (2%) without Preferred Rewards
- No transfer partners — points capped at 1¢ each
- Must redeem minimum 2,500 points ($25)
- No bonus categories — flat rate on everything except BofA Travel Center
- No travel insurance or purchase protections at this tier
Bank of America® Travel Rewards Credit Card
1.5x everywhere · No annual fee · No FTF · 25K bonus ($250 toward travel) · 15-mo 0% APR
Apply Now →Bottom Line
The Bank of America Travel Rewards is the right no-fee travel card for BofA customers who carry qualifying Preferred Rewards balances and want a card that travels well internationally. At base level, the 1.5x flat rate is slightly behind Active Cash's 2% for most spending. But the no FTF, easy welcome bonus, and Preferred Rewards multiplier make it a strong option for BofA ecosystem cardholders. For non-BofA customers without Preferred Rewards status, Wells Fargo Active Cash or Citi Double Cash deliver more value at the same $0 annual fee.