Credit Card Reviews

Bank of America Travel Rewards, Customized Cash Rewards and Unlimited Cash Rewards

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The concept behind a travel rewards credit card is simple – earn points or miles for every dollar spent on qualifying purchases and redeem them towards travel expenses. This article will take a close look at what benefits/perks the Bank of America Travel Rewards and cash back program offers and how to utilize these rewards to your full potential.

Travel Rewards

As a Bank of America Travel Rewards member, the possibility of earning some serious points will immediately become a reality. A 25,000 online bonus points offer in addition to a $250 travel or dinning statement credit value, is available to all new members after making $1,000 in purchases in the first 90 days of account opening date. In addition to this welcome offer, you will earn:

  • 1.5 points per every dollar spent on all purchase.
  • Your points will never expire.
  • No annual fee.
  •  No cap on the number of points you can accumulate.
  • No Foreign transaction fees
  •  You will never deal with blackout dates when applying your points to any airline or hotel.

 Bank of America Travel Rewards also offers you the flexibility to redeem points for a statement credit to pay for travel or dining purchases. Bank of America Travel Rewards credit card also offers its card holders the option to not only earn unlimited 1.5 points for every $1 spent, but the ability to earn up to 2.62 points for each dollar you spend. The more you use the Travel Rewards card, additional points will follow.

Customized Cash Rewards

Bank of America also offers its Customized Cash Rewards program. If you need some extra cash, then this credit card option may be a better fit for you. A $200 online bonus offer is listed after making $1,000 in purchases in the first 90 days of account opening date. Additional benefits include:

  • 3% cash back in the category of your choice such as gas, online shopping, dining, travel, drug stores or home improvement/furnishings.
  • Earn 2% cash back at grocery stores and wholesale clubs.
  • Earn 1% cash back on all other purchases.
  • No annual fee.
  • No expiration on the rewards earned.

You will earn 3% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then you will earn unlimited 1% thereafter. What I really like about the Customized Cash Rewards program is that you can change your choice category for future purchases to capitalize on the better cash back option. If you choose to switch, you must go to online banking, or use the mobile banking app then you can change your category once each calendar month.

Unlimited Cash Rewards

Bank of America also offers its unlimited Cash Rewards credit card program. A $200 online bonus points is offered after making $1,000 in purchases in the first 90 days of account opening date. Additional benefits include:

  •  no annual fee
  • Earn 1.5% cash back on all purchases.
  • No limit to the amount of cash back you can earn
  • No expiration on rewards.

You will have the ability to earn 2.62% cash back on every purchase, but in my opinion, the Customized Cash Rewards program gives you more bang for your buck. All three-credit card offers have a $0 liability Guarantee,  access to all Bank of America’s network of financial centers, ATMS and access to Bank of America’s online/mobile banking services . As a Travel Rewards, Customized Cash Rewards or an Unlimited Cash Rewards card holder, Bank of America will not disappoint and will give you some serious options to gain Travel Rewards or cash back on purchases.

Editorial Note: Information and opinions articulated in this article are solely those of the author’s, not those of a credit card company, bank, airline or hotel chain. This article has not been reviewed or approved by or otherwise endorsed by any of these companies or organizations.

Tal-ee is a co-founder and Editor in Chief of Miles Junkie. A skier, backpacker and veteran marathoner, you'll usually find him on a trail, a mountain or cranking away at the keyboard. Tal-ee holds a degree from Colgate University in English, with emphasis in creative writing.

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