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Earn 1.5X points on every purchase with $0 annual fee and 0% foreign transaction fees
Earn unlimited 1.5 points per $1 on all purchases with no annual fee and no foreign transaction fees. Redeem points for statement credits on travel and dining. Bank of America Preferred Rewards members earn 25%-75% more — up to 2.62 points per $1 on every purchase.
$0
Annual Fee
25,000
Bank of America points · Welcome Bonus
3X
Top Rate
Annual Fee
$0
Foreign Transaction Fee
$0
Network
Visa Signature
Rewards Currency
Bank of America points
Point Valuation
0.6–1 cpp (mid: 1)
Credit Required
Excellent
25,000
Bank of America points
$1,000
Spend Required
3 months
Time Period
Earn 25,000 online bonus points after spending $1,000 in the first 90 days of account opening. Redeem as a $250 statement credit toward travel and dining purchases.
Benefits & Perks
Program & Transfers
Bank of America Rewards Points is a straightforward statement credit program with a fixed 1 cpp value for travel and dining redemptions. There are no transfer partners, so redemption flexibility is limited compared to Chase Ultimate Rewards or American Express Membership Rewards. However, the Preferred Rewards program can significantly boost earning rates by up to 75% for members with qualifying Bank of America and Merrill combined account balances.
Reviews & Analysis
Details & Terms
| Foreign Transaction Fee | $0 |
No, points don't expire as long as your Bank of America credit card account is open and active. Once you close a card, any unredeemed points on that card are lost.
No. Bank of America points cannot be transferred to external loyalty programs. You can only redeem them for statement credits, cash back, or gift cards.
You need at least 2,500 points to redeem. That's worth $25 toward travel/dining statement credits or $15 as cash back.
Earn 1.5X points on every purchase with $0 annual fee and 0% foreign transaction fees
Earn unlimited 1.5 points per $1 on all purchases with no annual fee and no foreign transaction fees. Redeem points for statement credits on travel and dining. Bank of America Preferred Rewards members earn 25%-75% more — up to 2.62 points per $1 on every purchase.
$0
Annual Fee
25,000
Bank of America points · Welcome Bonus
3X
Top Rate
Annual Fee
$0
Foreign Transaction Fee
$0
Network
Visa Signature
Rewards Currency
Bank of America points
Point Valuation
0.6–1 cpp (mid: 1)
Credit Required
Excellent
25,000
Bank of America points
$1,000
Spend Required
3 months
Time Period
Earn 25,000 online bonus points after spending $1,000 in the first 90 days of account opening. Redeem as a $250 statement credit toward travel and dining purchases.
Benefits & Perks
Program & Transfers
Bank of America Rewards Points is a straightforward statement credit program with a fixed 1 cpp value for travel and dining redemptions. There are no transfer partners, so redemption flexibility is limited compared to Chase Ultimate Rewards or American Express Membership Rewards. However, the Preferred Rewards program can significantly boost earning rates by up to 75% for members with qualifying Bank of America and Merrill combined account balances.
Reviews & Analysis
Details & Terms
| Foreign Transaction Fee | $0 |
No, points don't expire as long as your Bank of America credit card account is open and active. Once you close a card, any unredeemed points on that card are lost.
No. Bank of America points cannot be transferred to external loyalty programs. You can only redeem them for statement credits, cash back, or gift cards.
You need at least 2,500 points to redeem. That's worth $25 toward travel/dining statement credits or $15 as cash back.
Earn 1.5X points on every purchase with $0 annual fee and 0% foreign transaction fees
Earn unlimited 1.5 points per $1 on all purchases with no annual fee and no foreign transaction fees. Redeem points for statement credits on travel and dining. Bank of America Preferred Rewards members earn 25%-75% more — up to 2.62 points per $1 on every purchase.
$0
Annual Fee
25,000
Bank of America points · Welcome Bonus
3X
Top Rate
Annual Fee
$0
Foreign Transaction Fee
$0
Network
Visa Signature
Rewards Currency
Bank of America points
Point Valuation
0.6–1 cpp (mid: 1)
Credit Required
Excellent
25,000
Bank of America points
$1,000
Spend Required
3 months
Time Period
Earn 25,000 online bonus points after spending $1,000 in the first 90 days of account opening. Redeem as a $250 statement credit toward travel and dining purchases.
Benefits & Perks
Program & Transfers
Bank of America Rewards Points is a straightforward statement credit program with a fixed 1 cpp value for travel and dining redemptions. There are no transfer partners, so redemption flexibility is limited compared to Chase Ultimate Rewards or American Express Membership Rewards. However, the Preferred Rewards program can significantly boost earning rates by up to 75% for members with qualifying Bank of America and Merrill combined account balances.
Reviews & Analysis
Details & Terms
| Foreign Transaction Fee | $0 |
No, points don't expire as long as your Bank of America credit card account is open and active. Once you close a card, any unredeemed points on that card are lost.
No. Bank of America points cannot be transferred to external loyalty programs. You can only redeem them for statement credits, cash back, or gift cards.
You need at least 2,500 points to redeem. That's worth $25 toward travel/dining statement credits or $15 as cash back.
Combined Protection Value
$6,350
You're not responsible for fraudulent or unauthorized charges made with your card.
Get reimbursed up to $2,000 per person when a trip is canceled or interrupted due to covered reasons like illness or severe weather.
Get coverage for collision damage, theft, and loss-of-use when renting a car. Coverage type (primary vs secondary) varies by issuer.
Get an additional year of warranty protection on eligible electronics and appliances with original warranties of 3 years or less.
Access 24/7 multilingual travel assistance including medical referrals, legal help, emergency cash, and lost luggage support.
Get reimbursed up to $3,000 per person per trip for lost, stolen, or damaged luggage when traveling with your card.
Bank of America is rebranding its Preferred Rewards program to 'BofA Rewards' in May 2026 with updated tier names, new elite benefits, and refreshed asset thresholds for Diamond tier
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Domestic roundtrip flight statement credit | 30,000–50,000 | — | — | united_states |
| International economy flight statement credit | 60,000–100,000 | — | economy | europe |
| Premium cabin international flight statement credit | 100,000–150,000 | — | business | asia |
| Hotel stay statement credit | 15,000–30,000 | — | — | united_states |
| Vacation rental statement credit | 20,000–40,000 | — | — | united_states |
| Dining statement credit | 2,500–10,000 | — | — | global |
With $0 annual fee, the Travel Rewards card delivers unlimited 1.5X points on all purchases plus 0% foreign transaction fees. Points redeem at 1 cent each for travel and dining. Preferred Rewards members with $100K+ in BofA/Merrill accounts earn 2.625 points per $1.
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$4.80
Annual Fee
-$0
Net Annual Value
+$4.80
No. You cannot transfer points to another cardholder or person. You may be able to transfer rewards between your own eligible Bank of America accounts by calling customer service.
Preferred Rewards members earn 25% (Gold), 50% (Platinum), or 75% (Platinum Honors/Diamond) more points on every purchase. A card earning 1.5x would earn 2.625x at the Platinum Honors tier.
Flights, hotels, vacation rentals (including Airbnb), baggage fees, car rentals, and restaurant meals all qualify as travel/dining purchases.
Travel Rewards (no annual fee, 1.5x all), Premium Rewards ($95 AF, 2x travel/dining), Premium Rewards Elite ($550 AF with luxury travel benefits), Customized Cash Rewards (no AF, 5.25% in chosen category), and Unlimited Cash Rewards (no AF, simple cash back).
| Source | Date | URL |
|---|---|---|
| — | — | View source |
Combined Protection Value
$6,350
You're not responsible for fraudulent or unauthorized charges made with your card.
Get reimbursed up to $2,000 per person when a trip is canceled or interrupted due to covered reasons like illness or severe weather.
Get coverage for collision damage, theft, and loss-of-use when renting a car. Coverage type (primary vs secondary) varies by issuer.
Get an additional year of warranty protection on eligible electronics and appliances with original warranties of 3 years or less.
Access 24/7 multilingual travel assistance including medical referrals, legal help, emergency cash, and lost luggage support.
Get reimbursed up to $3,000 per person per trip for lost, stolen, or damaged luggage when traveling with your card.
Bank of America is rebranding its Preferred Rewards program to 'BofA Rewards' in May 2026 with updated tier names, new elite benefits, and refreshed asset thresholds for Diamond tier
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Domestic roundtrip flight statement credit | 30,000–50,000 | — | — | united_states |
| International economy flight statement credit | 60,000–100,000 | — | economy | europe |
| Premium cabin international flight statement credit | 100,000–150,000 | — | business | asia |
| Hotel stay statement credit | 15,000–30,000 | — | — | united_states |
| Vacation rental statement credit | 20,000–40,000 | — | — | united_states |
| Dining statement credit | 2,500–10,000 | — | — | global |
With $0 annual fee, the Travel Rewards card delivers unlimited 1.5X points on all purchases plus 0% foreign transaction fees. Points redeem at 1 cent each for travel and dining. Preferred Rewards members with $100K+ in BofA/Merrill accounts earn 2.625 points per $1.
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$4.80
Annual Fee
-$0
Net Annual Value
+$4.80
No. You cannot transfer points to another cardholder or person. You may be able to transfer rewards between your own eligible Bank of America accounts by calling customer service.
Preferred Rewards members earn 25% (Gold), 50% (Platinum), or 75% (Platinum Honors/Diamond) more points on every purchase. A card earning 1.5x would earn 2.625x at the Platinum Honors tier.
Flights, hotels, vacation rentals (including Airbnb), baggage fees, car rentals, and restaurant meals all qualify as travel/dining purchases.
Travel Rewards (no annual fee, 1.5x all), Premium Rewards ($95 AF, 2x travel/dining), Premium Rewards Elite ($550 AF with luxury travel benefits), Customized Cash Rewards (no AF, 5.25% in chosen category), and Unlimited Cash Rewards (no AF, simple cash back).
| Source | Date | URL |
|---|---|---|
| — | — | View source |
Combined Protection Value
$6,350
You're not responsible for fraudulent or unauthorized charges made with your card.
Get reimbursed up to $2,000 per person when a trip is canceled or interrupted due to covered reasons like illness or severe weather.
Get coverage for collision damage, theft, and loss-of-use when renting a car. Coverage type (primary vs secondary) varies by issuer.
Get an additional year of warranty protection on eligible electronics and appliances with original warranties of 3 years or less.
Access 24/7 multilingual travel assistance including medical referrals, legal help, emergency cash, and lost luggage support.
Get reimbursed up to $3,000 per person per trip for lost, stolen, or damaged luggage when traveling with your card.
Bank of America is rebranding its Preferred Rewards program to 'BofA Rewards' in May 2026 with updated tier names, new elite benefits, and refreshed asset thresholds for Diamond tier
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Domestic roundtrip flight statement credit | 30,000–50,000 | — | — | united_states |
| International economy flight statement credit | 60,000–100,000 | — | economy | europe |
| Premium cabin international flight statement credit | 100,000–150,000 | — | business | asia |
| Hotel stay statement credit | 15,000–30,000 | — | — | united_states |
| Vacation rental statement credit | 20,000–40,000 | — | — | united_states |
| Dining statement credit | 2,500–10,000 | — | — | global |
With $0 annual fee, the Travel Rewards card delivers unlimited 1.5X points on all purchases plus 0% foreign transaction fees. Points redeem at 1 cent each for travel and dining. Preferred Rewards members with $100K+ in BofA/Merrill accounts earn 2.625 points per $1.
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$4.80
Annual Fee
-$0
Net Annual Value
+$4.80
No. You cannot transfer points to another cardholder or person. You may be able to transfer rewards between your own eligible Bank of America accounts by calling customer service.
Preferred Rewards members earn 25% (Gold), 50% (Platinum), or 75% (Platinum Honors/Diamond) more points on every purchase. A card earning 1.5x would earn 2.625x at the Platinum Honors tier.
Flights, hotels, vacation rentals (including Airbnb), baggage fees, car rentals, and restaurant meals all qualify as travel/dining purchases.
Travel Rewards (no annual fee, 1.5x all), Premium Rewards ($95 AF, 2x travel/dining), Premium Rewards Elite ($550 AF with luxury travel benefits), Customized Cash Rewards (no AF, 5.25% in chosen category), and Unlimited Cash Rewards (no AF, simple cash back).
| Source | Date | URL |
|---|---|---|
| — | — | View source |
Get reimbursement up to $500 per claim for items stolen or damaged by accident within 90 days of purchase.
Reimbursement up to $300 for meals and lodging after 12+ hour delay. Signature requires 12 hours vs Infinite's 6 hours.
Get reimbursed up to $300 for essential purchases like clothing and toiletries when checked baggage is delayed 4+ hours.
Get reimbursement up to $250 per item when a merchant won't accept returns within 90 days of purchase (Signature tier).
24/7 roadside assistance including jump-start, lockout, towing, and fuel delivery. Services charged as flat fee per call.
Now, when you opt-in you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking.
Get reimbursement up to $500 per claim for items stolen or damaged by accident within 90 days of purchase.
Reimbursement up to $300 for meals and lodging after 12+ hour delay. Signature requires 12 hours vs Infinite's 6 hours.
Get reimbursed up to $300 for essential purchases like clothing and toiletries when checked baggage is delayed 4+ hours.
Get reimbursement up to $250 per item when a merchant won't accept returns within 90 days of purchase (Signature tier).
24/7 roadside assistance including jump-start, lockout, towing, and fuel delivery. Services charged as flat fee per call.
Now, when you opt-in you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking.
Get reimbursement up to $500 per claim for items stolen or damaged by accident within 90 days of purchase.
Reimbursement up to $300 for meals and lodging after 12+ hour delay. Signature requires 12 hours vs Infinite's 6 hours.
Get reimbursed up to $300 for essential purchases like clothing and toiletries when checked baggage is delayed 4+ hours.
Get reimbursement up to $250 per item when a merchant won't accept returns within 90 days of purchase (Signature tier).
24/7 roadside assistance including jump-start, lockout, towing, and fuel delivery. Services charged as flat fee per call.
Now, when you opt-in you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking.
