Our take: The Financial institution of America® Journey Rewards Credit score Card stands out for its simplicity: It’s a $0-annual price 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 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 steadiness transfers made throughout the first 60 days of account opening.
| 0% steadiness switch time period | 15 months |
| Stability switch price | 3% |
| Annual price | $0 |
| Common APR | 18.24%–28.24% variable |
Financial institution of America® Journey Rewards Credit score Card: Overview
Card kind: Journey
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 would possibly discover in playing cards that provide the power to switch rewards to loyalty packages or guide 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 present 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 steadiness transfers made throughout the first 60 days of account opening, the cardboard is usually a priceless instrument 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 provide, and absence of switch companions for airline or lodge loyalty packages may very well be drawbacks for these searching for extra in depth rewards and perks.
Financial institution of America® Journey Rewards Credit score Card: Methods to earn rewards
The rewards construction is straightforward 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 provide that’s value 25,000 factors, or $250, in the event you 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 need to use your rewards to guide journey, cowl journey and eating purchases, get cash-back as a press release credit score, and purchase present playing cards.
Nonetheless, if you redeem for money or present playing cards, it’s possible you’ll not get the perfect 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 present playing cards will differ.. Journey and eating credit are sometimes the perfect worth on your rewards, the place a degree is value one cent.
Get a press release credit score for journey or eating
To redeem factors with the Financial institution of America Journey Rewards Credit score Card, you may get a press release credit score to offset eligible journey—like airways, inns, automobile leases—and eating purchases made throughout 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 charges
- Annual price: $0
- Overseas transaction price: 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 steadiness switch: 0% intro APR for 15 billing cycles for any steadiness transfers made within the first 60 days of account opening. After that, the APR is eighteen.24%–28.24% variable
- Stability switch price: 3% for 60 days from account opening, then 4% will apply
- Penalty price: as much as $40 for late funds
Extra advantages
- Free FICO Rating. By 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, at no cost.
Bank cards just like Financial institution of America® Journey Rewards Credit score Card
In case you’re on the lookout for a no-annual-fee journey card with larger flexibility than the Financial institution of America Journey Rewards Card, there are different choices to contemplate. Right here’s a have a look at how among 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 score Card boasts a flexible rewards program, though the rewards fee is barely decrease.. The Financial institution of America Journey Rewards card earns 1.5 factors per greenback, the VentureOne presents a barely decrease 1.25 miles per greenback, however 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 provide 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 probably wring much more worth out of your rewards. You too can guide a visit by way of Capital One Journey, get reimbursed for journey purchases made throughout the earlier 9- days, or go for a press release 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
Similar to the Financial institution of America Journey Rewards Card, the Uncover it® Miles card dishes out 1.5 miles on basic 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 a press release credit score in opposition to a journey buy made throughout 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 identical 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 in the case of a welcome provide. As a substitute of an upfront provide after assembly a minimal spending requirement, the issuer doubles the rewards you earn within the first yr. For instance, in the event you earned a complete of fifty,000 miles within the first yr, you’ll earn a further 50,000 miles on the finish of the yr.
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 on the lookout for a no-frills journey card who can benefit from the cardboard’s 0% APR provide. 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.
Nonetheless, potential customers ought to concentrate on its limitations, together with the restrictions on redemption. Most individuals will fare higher with a card that provides 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.
Often requested questions
Is it exhausting to get a Financial institution of America® Journey Rewards Credit score Card?
For the reason that Financial institution of America Journey Rewards Card is a rewards card, you’ll possible want a superb or higher FICO Rating, which begins at 670 or greater.Nonetheless, take into accout there isn’t a one set rating which can assure you’ll be authorised for a card as issuers take a number of elements 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 stable choice for budget-conscious vacationers searching for easy rewards who might solely wish to redeem their rewards for journey a technique.
Please notice 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.
