Credit card issuers such as Bank of America often boast rewards credit schemes that let you earn points that when you use their credit cards to make payments.
It is important to note that not all credit cards issued by the bank of America issue travel rewards.
This article will answer some of the most asked questions, such as how I use my bank of America travel rewards or how to redeem bank of America travel rewards.
SEE ALSO: Bank of America relationship manager job description
What is the Bank of America Travel Rewards Program?
Some travelers often find the whole points and miles reward program confusing.
The Bank of America travels rewards program offers you the chance to earn a reward for traveling. There are also different travel rewards being offered.
To fully enjoy the perks of this program, you should try to enroll in the Preferred Rewards Program.
To qualify, you need to have an active and eligible checking account with Bank of America and a three-month average daily balance of $20,000 in your eligible Bank of America accounts.
The Bank of America Preferred Rewards Program also boasts other advantages, such as savings boosters and loan discounts for its teeming members with cash on deposit.
The Bank of America Credit Cards that Earn Rewards on Travel
As we said earlier, not all credit cards issued by the bank of America earn rewards on travels.
These are some of the bank of America credit cards that help you earn rewards on travel;
Bank of America Travel Rewards Credit Card
This card has some unique advantages, such as the welcome bonus, which is twenty-five thousand bonus points which is worth two hundred and fifty dollars.
Also, a rewards rate of one point five points (1.5 points) per dollar on all purchases made with the card.
This credit card is well-loved because it allows consumers to build travel rewards with zero annual fees.
The introductory APR offer for purchases also helps save money on interest for a limited period.
SEE ALSO: How to Kick start your investment banking career path
The welcome bonus for this card is twice the amount offered on the bank of America travel rewards credit card.
The welcome bonus is fifty thousand points worth five hundred dollars when you are able o complete purchases worth three thousand dollars within the first three months after opening the account.
It also boasts of a rewards rate of two points per dollar on travel and dining and one point five points per dollar on all other purchases.
But it has an annual fee of ninety-five dollars. Another advantage is that you get up to one hundred dollars in airline statement credits every year, another one hundred dollars for global entry or a TSA Precheck membership every four years, and zero foreign transaction fees.
How to Redeem Bank of America Travel Rewards (How do I use My Bank of America Travel Rewards)
Redeeming your Bank of America travel rewards is relatively easy. A point is equal to a cent.
Therefore, it is possible to redeem them as a statement credit for travel or dining purchases with a minimum of twenty-five thousand points which is the equivalent of a dollar.
You can also convert your points to cash rewards by depositing them into an account or a check.
This method isn’t to your advantage because the value drops to 0.6 cents to a point instead of one cent.
This means twenty-five thousand points will give you fifteen dollars instead of twenty-five dollars.
But with the bonus percentages, you can earn as much as a card that pays a higher reward rate.
You also have the ability to redeem your travel rewards by booking travel any way you desire.
Also fly with any airline of your choice and choose to lodge at any hotel of your choice.
These few methods of redeeming your rewards effectively answers the question posed earlier, “How do I use My Bank of America Travel Rewards?”
SEE ALSO: Is commercial banking a good career path?
Conclusion
The bank of America travel rewards program is an innovative way to encourage consumers to spend more using their cards.
The points-based reward system is also very alluring. The ease at which you can redeem these rewards is equally satisfying.
The article portrayed in great detail how you can redeem your bank of America travel rewards.
![How Does Walmart TV Return Policy Work in [year]](https://www.newbalancejobs.com/wp-content/uploads/[year]/01/How-Does-Walmart-TV-Return-Policy-Work-in-[year]-145x100.jpg)
