Our take: The Financial institution of America® Journey Rewards Credit score Card stands out for its simplicity: It’s a $0-annual charge card that earns easy, flat-rate rewards which you could redeem as assertion credit for journey or eating.
Financial institution of America® Journey Rewards Credit score Card
Intro Bonus
Earn 25,000 on-line bonus factors after you make at the very least $1,000 in purchases within the first 90 days of account opening (that may be a $250 assertion credit score towards journey purchases) and 0% intro APR for 15 billing cycles on purchases and stability transfers made inside the first 60 days of account opening.
| 0% stability switch time period | 15 months |
| Stability switch charge | 3% |
| Annual charge | $0 |
| Common APR | 18.24%–28.24% variable |
Financial institution of America® Journey Rewards Credit score Card: Overview
Card kind: Travel
With no annual charges or international transaction charges, the Financial institution of America Journey Rewards card is an interesting alternative for funds vacationers or anybody who needs simplicity of their journey bank card. Though the rewards earned on this card lack the flexibility you may discover in playing cards that supply the power to switch rewards to loyalty packages or e book journey by way of the cardboard issuer’s portal, this card does can help you redeem their factors for assertion credit for journey and eating, as money again, or to buy reward playing cards.
Who’s the Financial institution of America® Journey Rewards Credit score Card good for?
The Financial institution of America® Journey Rewards Credit score Card is well-suited for budget-conscious vacationers who prioritize simplicity over extravagant perks. Plus, with the cardboard’s 0% intro APR for 15 billing cycles on purchases and stability transfers made inside the first 60 days of account opening, the cardboard is usually a worthwhile device for these seeking to finance big-ticket purchases or consolidate their debt.
Who shouldn’t get the Financial institution of America® Journey Rewards Credit score Card?
Those that prioritize reward flexibility, lavish journey advantages, and a considerable welcome bonus might discover the Journey Rewards Credit score Card much less interesting. The cardboard’s modest welcome supply, and absence of switch companions for airline or resort loyalty packages could possibly be drawbacks for these looking for extra in depth rewards and perks.
Financial institution of America® Journey Rewards Credit score Card: Methods to earn rewards
The rewards construction is simple to know—there are not any rotating classes to maintain monitor of or activate or totally different rewards charges. Cardholders earn a flat 1.5 factors on all purchases.
You’re additionally eligible to earn a modest welcome supply that’s value 25,000 factors, or $250, for those who spend $1,000 in purchases within the first 90 days of account opening.
Methods to redeem Financial institution of America® Journey Rewards Credit score Card factors
There are only some methods to redeem your factors with the Journey Rewards Card You should utilize your rewards to e book journey, cowl journey and eating purchases, get cash-back as an announcement credit score, and purchase reward playing cards.
Nevertheless, while you redeem for money or reward playing cards, you might not get the most effective worth. One level is valued at 0.6 cents, so 2,500 factors will solely provide you with $15. There’s a 2,500 level minimal redemption requirement, too. The redemption worth for reward playing cards will differ.. Journey and eating credit are usually the most effective worth in your rewards, the place a degree is value one cent.
Get an announcement credit score for journey or eating
To redeem factors with the Financial institution of America Journey Rewards Credit score Card, you will get an announcement credit score to offset eligible journey—like airways, inns, automotive leases—and eating purchases made inside the previous 12 months. There’s a 2,500 level minimal redemption requirement.
Whenever you redeem your factors this fashion, one level is value one cent.
Financial institution of America® Journey Rewards Credit score Card charges and costs
- Annual charge: $0
- Overseas transaction charge: None
- Intro APR: 0% Intro APR for 15 billing cycles on purchases made within the first 60 days of account opening, then the usual variable APR will apply.
- Buy APR: 18.24%–28.24% variable
- 0% APR stability switch: 0% intro APR for 15 billing cycles for any stability transfers made within the first 60 days of account opening. After that, the APR is eighteen.24%–28.24% variable
- Stability switch charge: 3% for 60 days from account opening, then 4% will apply
- Penalty charge: as much as $40 for late funds
Extra advantages
- Free FICO Rating. By way of on-line and the cell banking app, you’ll be able to entry your FICO Rating from TransUnion, which is up to date month-to-month, without spending a dime.
Bank cards just like Financial institution of America® Journey Rewards Credit score Card
When you’re searching for a no-annual-fee journey card with higher flexibility than the Financial institution of America Journey Rewards Card, there are different choices to contemplate. Right here’s a take a look at how a few of the competitors stacks up.
Capital One VentureOne Rewards Credit score Card vs. Financial institution of America® Journey Rewards Credit score Card
The Capital One VentureOne Rewards Credit Card boasts a flexible rewards program, though the rewards price is barely decrease.. The Financial institution of America Journey Rewards card earns 1.5 factors per greenback, the VentureOne affords a barely decrease 1.25 miles per greenback, nevertheless it does earn with 5 miles per greenback on pay as you go inns and rental automobiles by way of Capital One Journey.
The VentureOne additionally has a good welcome supply for a no-annual-fee card of 20,000 miles after spending $500 on purchases inside 3 months from account opening.
However the largest profit the VentureOne Card has over the Financial institution of America Journey Rewards card is the redemption flexibility. With this card, you’ll be able to switch your miles to over 15 of Capital One’s journey loyalty packages, so you’ll be able to doubtlessly wring much more worth out of your rewards. You may as well e book a visit by way of Capital One Journey, get reimbursed for journey purchases made inside the earlier 9- days, or go for an announcement credit score, though just like the Financial institution of America card, this final choice can be value lower than a penny per level.
Uncover it® Miles vs. Financial institution of America® Journey Rewards Credit score Card
Identical to the Financial institution of America Journey Rewards Card, the Uncover it® Miles card dishes out 1.5 miles on common purchases, with none annual or international transaction charges. However a key distinction between these two playing cards lies within the redemption choices. You can not use your miles to make a purchase order, however you’ll be able to redeem them for an announcement credit score in opposition to a journey buy made inside the final 180 days. Or, you’ll be able to merely apply your earnings as a cash-back assertion credit score with none journey concerned. Both means, a mile is value a penny a degree. Permitting you to take money again on the similar worth as a journey reimbursement is a a lot better choice than the lower than a penny per level cash-back choice on the Financial institution of America Journey Rewards card.
The Uncover it Miles card additionally goes the additional mile with regards to a welcome supply. As an alternative of an upfront supply after assembly a minimal spending requirement, the issuer doubles the rewards you earn within the first 12 months. For instance, for those who earned a complete of fifty,000 miles within the first 12 months, you’ll earn a further 50,000 miles on the finish of the 12 months.
Is the Financial institution of America® Journey Rewards Credit score Card best for you?
The Financial institution of America Journey Rewards Card is greatest for these searching for a no-frills journey card who can make the most of the cardboard’s 0% APR supply. It’s additionally greatest for somebody who needs to make use of the earnings on a journey rewards card solely for journey, and doesn’t thoughts not taking cash-back.
Nevertheless, potential customers ought to concentrate on its limitations, together with the restrictions on redemption. Most individuals will fare higher with a card that gives 2% money again, which is each extra rewarding and means that you can use your cash on something you’d like, journey or in any other case.
Incessantly requested questions
Is it arduous to get a Financial institution of America® Journey Rewards Credit score Card?
Because the Financial institution of America Journey Rewards Card is a rewards card, you’ll probably want or higher FICO Rating, which begins at 670 or greater.Nevertheless, take note there isn’t any one set rating which is able to assure you’ll be permitted for a card as issuers take a number of components into consideration when figuring out approval.
Is the Financial institution of America® Journey Rewards Credit score Card value it?
The Financial institution of America Journey Rewards bank card could also be value it for some—it’s a strong choice for budget-conscious vacationers looking for easy rewards who might solely wish to redeem their rewards for journey a technique.
Please word that card particulars are correct as of the publish date, however are topic to alter at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.
