Bank of America Introduces New Travel Credit Cards
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Bank of America announced three new offerings – BankAmericard Travel Rewards, BankAmericard Privileges with Travel Rewards and WorldPoints Travel Rewards for Business. All feature no foreign transaction fees, no expiration on points and flexible redemption on any airline, hotel or other travel provider.
| BankAmericard Travel Rewards | BankAmericard Privileges with Travel Rewards | WorldPoints Travel Rewards for Business | |
|---|---|---|---|
| Type | Personal | Personal | Business |
| Sign Up Bonus | 10,000 bonus points after making at least $500 in purchases within 90 days | 10,000 bonus points after making at least $500 in purchases within 90 days | 5,000 bonus points after first purchase made within 90 days |
| Annual Fee | None | $75 (Waived first year)* | None |
| Points Earning | Earn 1.5 points per $1 spent on every purchase | Earn 2 points per $1 spent on every purchase | Earn 1 WorldPoints reward point per $1 spent |
| Intro APR Offer | 0% on purchases for 12 months | None | 0% on purchases for 9 months |
In addition, BankAmericard Travel Reward and BankAmericard Privileges with Travel Rewards customers who have another eligible account with Bank of America will automatically receive a 10% point bonus each year on their total purchases. An eligible account includes a checking, savings or retirement account with Bank of America, a Cash Management Account, Merrill Edge or any other account with Merrill Lynch, Pierce, Fenner & Smith or U.S. Trust.
Points can be redeemed for the usual assortment of merchandise, gift cards and charitable contributions. Your points can also be used to reimburse yourself for previously purchased travel. 100 points is equivalent to $1 in travel credit, and points must be redeemed in 2,500 point increments. You can apply your credit towards any travel-related expense, including airfare, hotels, car rentals, baggage fees, cruises, amusement parks and more. You also have the option of covering all or just part of your trip. If you don’t have enough points to cover an entire purchase, you can choose to use points to pay for just part of it. After redeeming your points, you’ll receive a credit on your next statement.
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