The Financial institution of America® Journey Rewards bank card is CNET’s choose for the greatest journey bank card with no annual price. It is notably useful if you happen to’re already a Financial institution of America buyer, however nonetheless price contemplating if you happen to’re not.

Whereas journey bank cards with an annual price could provide extra journey perks and higher rewards, this card has a stable flat rewards charge on all purchases with the chance to earn even increased rewards when you’ve got a Financial institution of America deposit account or Merrill funding account. As is customary, the Financial institution of America Journey Rewards card has no overseas transaction charges.

There’s one vital restriction — if you wish to redeem rewards as assertion credit, you’ll be able to solely use them towards journey and restaurant costs, so make sure you particularly need a journey card earlier than you apply. Under we overview the rewards, Most popular Rewards program for Financial institution of America prospects, further perks and another playing cards to contemplate.

On this article

• Rewards and redemption
• ​Most popular Rewards program​
• Welcome bonus​
• Introductory APR​
• Different playing cards to contemplate​
• FAQs​
• Methodology​

Rewards and redemption

You may earn 1.5 factors for each greenback spent with the Financial institution of America Journey Rewards card, with out restrictions or caps. This can be a first rate return charge throughout all purchases, however different bank cards with no annual price provide higher rewards charges on prime of that. Nevertheless, there are two area of interest alternatives to earn extra factors per greenback spent.

Factors are price 1 cent every when redeemed for an announcement credit score, however you’ll be able to solely use assertion credit for journey or restaurant costs. Although the classes are nonetheless pretty broad, that is one caveat to remember when deciding if this card is correct to your spending habits. Here is a breakdown of the classes you’ll be able to redeem assertion credit for:

You may additionally want a minimal of two,500 factors (equal to $25) to redeem assertion credit. When in comparison with different bank card reward applications, these redemption restrictions make this card comparatively rigid.

Although not closely marketed, there are two eventualities the place you’ll be able to earn greater than the 1.5 factors per greenback spent. A technique is by reserving journey by means of Financial institution of America’s Journey Heart, the place you’ll be able to earn three factors per greenback. Many journey bank cards provide some type of branded reserving platform, typically with elevated rewards charges.

The opposite approach you’ll be able to earn greater than 1.5 factors per greenback spent is in case you are a Most popular Rewards member.

Financial institution of America Most popular Rewards program

When you have a Financial institution of America deposit account and/or Merrill Funding accounts, you’ll be able to leverage your mixed stability to earn much more bank card rewards. The Most popular Rewards program gives three totally different tiers — Gold, Platinum and Platinum Honors — by means of which you’ll be able to earn boosted rewards charge on your entire spending.

*Mixed accounts thresholds are primarily based on a three-month mixed day by day common.

When you already financial institution or make investments with Financial institution of America or Merrill, this card can provide a aggressive rewards charge throughout your purchases — it is onerous to seek out flat charges larger than 2%. 

The Most popular Rewards program applies past this Financial institution of America Journey Rewards card, so it might be price different Financial institution of America bank cards to see what most closely fits your spending.

Welcome bonus

The Financial institution of America Journey Rewards bank card gives a prime welcome bonus amongst rivals with no annual price. 

You earn 25,000 bonus factors if you happen to spend at the least $1,000 within the first 90 days from if you open your account. These factors might be redeemed for $250 of assertion credit towards journey or eating. Many bank cards with no annual price have a welcome bonus valued round $200 or much less, and between a $500 and $750 spending threshold to unlock it. However if you happen to usually spend at the least $334 per thirty days in your bank card, this welcome bonus is best than most.

Introductory APR

Though this card would not provide an introductory APR on stability transfers, it does have an introductory APR you should use to assist finance a visit or different massive buy.

The Financial institution of America Journey Rewards bank card comes with 15 billing cycles of 0% introductory APR on purchases (then 15.49% to 25.49% variable APR). Meaning you will not incur curiosity costs on purchases for the primary 15 months after you open this card account — so long as you make all of your minimal funds on time. We advise paying off the entire stability by the top of this 15 months although, in any other case you will be topic to a 15.49% to 25.49% variable APR thereafter. These curiosity costs add up shortly.

Different playing cards to contemplate

Capital One VentureOne Rewards Credit score Card

The Capital One VentureOne Rewards Credit score Card is one other journey bank card with no annual price. The rewards charge and welcome bonus are general barely decrease, however the introductory APR applies to stability transfers in addition to purchases.

You may earn 1.25 miles per each greenback spent — which interprets to a 1.25% return charge if you happen to redeem your miles for assertion credit. When you decide to guide automotive leases or motels by means of Capital One Journey, you will earn 5 miles per greenback. You can too unlock 20,000 miles — a $200 worth — with the welcome bonus, after spending $500 within the first three months of account opening.

Equally to the Financial institution of America Journey Rewards card, you will get 15 months of 0% introductory APR on purchases — however this additionally extends to stability transfers. After this era your APR will bounce as much as 16.49% to 26.49% variable. When you’re carrying debt on a distinct high-interest bank card, the VentureOne might be a greater choice than the Financial institution of America Journey Card since you’ll be able to consolidate your debt with some respiratory room.

Chase Freedom Limitless®

The Chase Freedom Limitless® would not have an annual price and can finally internet you larger rewards charges — and extra redemption flexibility. The introductory APR additionally has a stability switch part. It is technically a cash-back bank card, moderately than a journey bank card, however it may be utilized to journey as nicely.

You may get the identical 1.5% flat cash-back charge, however earn a better rewards charge of three% money again on eating and drugstore purchases. If you wish to guide your journey lodging by means of Chase Final Rewards, Chase’s reserving platform, you too can earn 5% money again on these purchases — a better charge than you’d earn when reserving by means of the Financial institution of America Journey Heart. Chase’s Final Rewards factors are price 1 cent every when redeemed for an announcement credit score, which might be utilized to any costs.

Just like the VentureOne Rewards card, the Chase Freedom Limitless additionally has a greater introductory APR provide. You get 0% introductory APR on purchases and stability transfers made within the first 15 months of opening your account (16.49% to 25.24% variable APR thereafter).

For extra particulars about this card, see our Chase Freedom Limitless overview.

FAQs

Our methodology

CNET opinions bank cards by exhaustively evaluating them throughout set standards developed for every main class, together with cash-back charges, welcome bonus, journey rewards and stability switch. We take into accounts the standard spending conduct of a spread of shopper profiles — with the understanding that everybody’s monetary state of affairs is totally different — and the designated operate of a card. 

The editorial content material on this web page is predicated solely on goal, impartial assessments by our writers and isn’t influenced by promoting or partnerships. It has not been supplied or commissioned by any third social gathering. Nevertheless, we could obtain compensation if you click on on hyperlinks to services or products provided by our companions.

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