Bank of America® Travel Rewards

Pros

✅ No annual fee makes it an attractive option for budget-conscious travelers.

✅ Earn unlimited 1.5 points per $1 spent on all purchases, with no categories to manage.

✅ Bank of America Preferred Rewards® members can earn up to a 75% bonus on points.

✅ No foreign transaction fees, making it suitable for international travel.

✅ Flexible redemption options, including travel statement credits, dining, and cash rewards.

✅ Lengthy introductory 0% APR period on purchases and balance transfers (15 months).

Cons

❌ Limited travel benefits compared to other travel-focused cards, with no perks like lounge access or travel protections.

❌ Minimum redemption of 2,500 points ($25) for travel or cash back, higher than some competitors.

❌ No bonus points for specific categories, limiting potential earnings for targeted spending.

❌ Requires good/excellent credit, making it less accessible to some applicants.

❌ No airline or hotel transfer partners for points redemption, restricting flexibility.