Bank of America is a renowned financial institution with a global presence. It offers a range of products and is particularly known for its superb line of credit cards, which suit the diverse needs of its customers. The bank offers credit cards for all kinds of people, be it travelers or college students. Here are the top five credit cards designed to enhance the traveling experience.
1. Bank of America Travel Rewards Credit Card
This credit card comes with zero annual fees and foreign transaction fees, making it the best choice for travelers. Cardholders earn 1.5 points for every dollar spent on flight tickets, hotel stays, rental cars, and cruises. On spending $1,000 in the first three months, the cardholders are awarded a bonus of 25,000 points, which is equivalent to $250. This credit can be redeemed for travel expenses. The interest rate is 0% for the first 12 months following which, the APR ranges between 16%-24%, which is at par with other credit cards. With time, cardholders are upgraded to the Preferred Rewards Members scheme, which fetches them around 2.62 points on every dollar spent with this credit card.
2. Bank of America Premium Rewards Credit Card
This credit card from Bank of America is the top choice for travelers as it offers 2 reward points for every dollar spent on flights, restaurants, and hotel stays, and 1.5 points for other purchases. There is no limit to reward point collection and they never expire. The reward points can be redeemed in multiple ways, such as a direct deposit into a Bank of America savings account, gift cards, or purchases at the Bank of America Travel Center. The annual fee for this card is $95.
The cardholders are immediately awarded 50,000 reward points if they spend $3,000 within the first three months of card activation. Annually, the users will be eligible for a $200 travel credit reward, which can be utilized for in-flight services, seat upgrades, and airline lounge expenses. The cardholders can also avail world-class perks, which include the Visa Signature Concierge service, which assists with travel planning. Traveling becomes much easier with no foreign transaction fees, which is exactly what this card offers. Preferred Rewards Members are eligible to earn up to 3.5 reward points per dollar spent on this card.
3. Alaska Airline Visa Credit Card
The Alaska Airline credit card from Bank of America offers a staggering 40,000 bonus miles on purchases exceeding $2,000 within the first three months of account activation. With this scheme, the card also offers Alaska’s Famous Companion Fare for flight tickets at just $121, inclusive of taxes, when booked from alaskaair.com. Cardholders can save real money on free checked bags on Alaska flights, and the offer extends to six guests traveling on the same reservation.
The card is a delight to travelers flying to the cold regions, as it fetches 3 air miles for every dollar spent on it, and 1 air mile for other purchases. These miles reflect on your account immediately and have no expiry date. Cardholders can enjoy a discount of 50% at the Alaska Lounge and 20% on in-flight purchases. The card has a nominal annual fee of $75 and an APR between 17%-25%.
4. Virgin Atlantic World Elite Mastercard
This Mastercard from Bank of America offers exceptional features for travelers who prefer the Virgin Atlantic airlines. With an annual fee of $90, cardholders earn 3 air miles per dollar spent on services offered by the airlines. For every other purchase, users earn 1.5 air miles per dollar. The miles can be redeemed for flight tickets and lucrative upgrades that are offered by Virgin Atlantic. On spending $1,000 in the first three months, cardholders receive a whopping 50,000 bonus air miles. It doesn’t end here, every anniversary comes with a gift of 15,000 air miles.
The interest rate is at par with other products and ranges between 17%- 25%, but without any foreign transaction fees, which saves the users significant money.
5. Royal Carribean Visa Signature Credit Card
This special card comes with zero annual fees and foreign transaction fees, saving lots of money. The cardholders earn 2 MyCruise points for every dollar spent with certain brands, which include the Royal Caribbean, Celebrity Cruises, and Azamara. For other purchases, users earn 1 MyCruise point per dollar. The points can be redeemed for cruise discounts, upgrades, and on-board services. Apart from these perks, cardholders are rewarded with 10,000 MyCruise points on purchases exceeding $3,500 in the first 90 days of card activation. The points are equivalent to a credit of $100.
Also, a $50 discount can be availed on the Air2Sea program, which is sponsored by the Royal Caribbean.