At NerdWallet, we try that will help you make monetary selections with confidence. To do that, most or all the merchandise introduced right here come from our companions. Nevertheless, this doesn’t affect our assessments. Our opinions are ours.
For modest vacationers, the Financial institution of America® Journey Rewards bank card is an ideal alternative: it costs a $ zero annual payment and presents versatile, easy-to-redeem rewards.
Right here's what it’s essential to learn about its advantages.
No annual payment
The $ zero annual payment on the Financial institution of America® Journey Rewards bank card units it aside from different journey bank cards and makes it an important alternative for budget-conscious vacationers. Even when you don’t spend lots on this card, you’ll earn rewards supplied you don’t have a steadiness from one month to the following.
»MORE: The Greatest No-Payment Annual Credit score Playing cards from NerdWallet
Getting and redeeming factors is simple on this map. You earn 1.5 factors per greenback spent on all purchases. Factors may be redeemed for a variety of journey bills, akin to airfare, resort stays, amusement park charges, RV rental, and extra. Normal journey playing cards issued by different issuers typically have a narrower definition of the time period "journey", which regularly leaves cardholders with fewer alternatives when redeeming rewards.
Journey exchanges begin at solely 2,500 factors, so that you don’t have to make a giant buy to get rewards. Factors are price 1 cent coin when they’re redeemed for a visit.
Like all good journey bank card, the Financial institution of America® Journey Rewards bank card presents you a sign-up bonus: 25,000 bonus factors on-line after at the least 1,000 USD of purchases within the first 90 days after opening the account – this could be a $ 250 account assertion for journey purchases.
For a $ zero annual membership card, this is a superb provide. The requirement of cheap bills makes the duty comparatively simple to grasp as properly.
This straightforward card turns into much more thrilling when you preserve some huge cash in your Financial institution of America® or Merrill accounts. If you happen to qualify for the financial institution's Most popular Rewards program (sustaining mixed balances of $ 20,000 or extra between eligible accounts), you’ll be able to earn the next charge of pay on this card (and on all playing cards). Eligible Credit score Financial institution of America®), in addition to different advantages. .
With mixed balances of over $ 100,000, for instance, you would earn 2.62 factors per greenback spent on this card, based on the financial institution. Don’t forget that you simply should be registered within the Most popular Rewards program to profit from this enchancment.
No transaction charges overseas
This card doesn’t cost any transaction charges overseas. You’ll not should deal with a difficult three% cost while you make purchases exterior of the USA. This benefit, mixed with the opposite financial options of the cardboard, repeatedly earns its place as our record of the most effective bank cards with no transaction charges with the foreigner.
zero% within the APR provide
The Financial institution of America® Journey Rewards bank card is among the few journey playing cards providing a beneficiant zero% APR interval: zero% on purchases for 12 billing cycles, then a 17 APR , 24% to 25.24%. Variable APR. This may be helpful when you ebook a visit with the cardboard and wish to pay it again in just a few months, as a substitute of unexpectedly. And while you’re floating this steadiness with out curiosity, you’ll be able to earn this enroll bonus.