By JENNA LEE
Travel a lot and don't have the time or energy to keep track of a complicated credit card rewards program? The BankAmericard Travel Rewards® credit card may be a great option to consider. Here are some highlights of the card:
- 20,000-point signup bonus. Bank of America® recently increased their signup bonus for new customers. Beginning August 17, 2015, they started offering 20,000 points (which can be worth $200 in statement credit toward travel purchases) if you make at least $1,000 in purchases in the first 90 days of your account opening.
- 1.5x points on every purchase. Unlike many other cards that offer only one point per dollar on purchases, the BankAmericard Travel Rewards® credit card offers 1.5 points for every dollar spent on all purchases. There's no limit to how many points you can earn, and your points don't expire. If you have an active Bank of America® checking or savings account, you can get an additional 10 percent customer points bonus on every purchase, and if you're a Preferred Rewards client, you can increase that bonus to up to 75 percent. Points can be redeemed for a statement credit toward most travel purchases like hotels, vacation packages, rental cars, baggage fees, taxis and more.
- No annual fee or foreign transaction fees. Use your card wherever you're traveling without having to worry about these pesky (and often costly) fees.
- Zero percent introductory rate on purchases for 12 billing cycles. Making a big purchase soon? The zero percent introductory APR on purchases could be a great way for you to pay down the balance on that big purchase without also having to pay interest. Just be sure to keep track of when the intro APR is set to go up so you're not caught by surprise.
- Chip technology. This security feature offers you extra protection at chip-enabled terminals.
Before applying, don't forget to read reviews, compare cards and go through the terms and conditions to determine whether the BankAmericard Travel Rewards® credit card is right for you -- depending on your spending habits and travel preferences, another rewards card could make more sense. And as always, check your credit to know where you stand and better assess whether you're likely to be approved. Happy travels!
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