The Bank of America® Travel Rewards credit card can be a smart option for travel expenses since you earn a flat 1.5 points for every $1 you spend. There's no annual fee -- and no foreign transaction fees -- and you can also score a welcome bonus early on. Your points also never expire as long as you have the card.
Like a few other cards on this list, this one lets you redeem your points for statement credits to cover travel expenses. Unlike many hotel rewards cards, this flexibility allows you to price shop and compare vacation rentals to find the best deal, instead of being locked into one hotel brand.
If you find a vacation rental you like for a price you can live with on Airbnb or Vrbo, for example, you can use your card to book it and then redeem your points once the charge posts. But, you have the option to shop around for a lower price, so you could book with other travel vendors like Expedia, TripAdvisor, or Priceline, too.
Remember that any travel expense will work, so you could also use your points to book a vacation rental, flights, or a traditional hotel. The choice is up to you.
- 1.5 points for every purchase
- Redeem for statement credits to cover travel expenses