MoneyGeek's Take

Bank of America Travel Rewards for Students Review

Students who study abroad or frequently travel internationally who are looking for a credit card offering great travel rewards with a $0 annual fee can benefit from the Bank of America Travel Rewards for Students card.

Last Updated: 5/26/2022
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The Bank of America Travel Rewards card comes with a welcome bonus of 25,000 points if you make $1,000 in purchases in the first three months of opening your account. Since this card doesn’t charge a fee for international transactions, it’s a great option for students studying abroad or traveling internationally. It’s also a good choice for those who want to access their FICO score for free.

Card Details to Know Up Front
  • Bonus, Fee or Feature
    Has or Not
  • Has Annual Fee
  • Has Balance Transfer Offer
  • Has APR Offer
  • Cash Back Rewards
  • Travel Rewards
Click to see this card’s rates, fees and how they compare to other cards in our dataset.

Bank of America Travel Rewards for Students at a Glance

The Bank of America Travel Rewards card offers an unlimited 1.5 points on every $1 spent on every purchase. These reward points do not expire and can be redeemed as a statement credit, cash back or a gift card. There are also no airline or brand restrictions on this card.


  • Bank of America Travel Rewards for Students

    A great card for students who’re looking at earning travel rewards


    • None-GoodCredit Needed
    • $0Annual Fee
    • 1.5 pointsRewards Rate

Pros & Cons Explained

It’s important to understand the pros and cons of the Bank of America Travel Rewards for Students card so you can make sure that it fits your needs.

Pros

  • Benefits
    Description
  • No foreign transaction fee
    The Bank of America Travel Rewards for Students card does not charge a foreign transaction fee, making it a great option for use while traveling internationally.
  • Welcome bonus
    This card offers you 25,000 points if you spend $1,000 on purchases within three months of opening your account. You can redeem these points for a $250 statement credit.
  • Rewards structure
    This card offers a simple rewards structure. You earn an unlimited 1.5 points on every $1 spent on all purchases.

Cons

  • Drawbacks
    Description
  • Limited travel benefits
    While this card has a pretty straightforward rewards structure, it doesn’t offer premium travel benefits like travel accident insurance, auto rental damage liability waiver and other benefits.
  • No bonus categories
    Since this card does not offer bonus categories, it limits your rewards earning potential.
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LOOKING FOR THE BEST CREDIT CARDS OF 2022?

The Bank of America Travel Rewards for Students card is not featured as one of the Best Student Credit Cards of 2022 by MoneyGeek. You can look over other credit cards on the list to see if any of them better fit your needs. We review card offers every month and update this list accordingly.

Bonuses & Rewards Explained

MoneyGeek explains the bonus and rewards structure of the Bank of America Travel Rewards for Students card so you can understand the benefits and determine if it’s a good option for you.

1

Unlimited bonus points

The Bank of America Travel Rewards for Students card offers an unlimited 1.5 points on every $1 spent on any type of purchase. These points do not expire, and there are no blackout dates or any other restrictions.

2

Welcome bonus

This card lets you earn 25,000 points after you spend $1,000 in purchases within three months of account opening. You can redeem these points for a statement credit worth $250 for travel purchases.

3

Rewards redemption

The points you earn can be redeemed for a statement credit to reimburse travel purchases, including flights, hotels, vacation packages and much more. There are also no airline or brand restrictions.

Other Features Explained

The Bank of America Travel Rewards for Students card also offers the following features that help the card stand out from the competition.

  • Card Feature
    Description
  • Paperless statements
    You can access your credit card statement online. This ensures more security and reduces paper consumption.
  • FICO score
    This card offers you access to your FICO scores for free within your mobile banking app or online banking.
  • Overdraft protection
    This optional feature allows you to link your eligible Bank of America checking account with your credit card and prevent declined purchases and other overdrafts.
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MONEYGEEK QUICK TIP

Consider using the Bank of America Travel Rewards for Students card to cover any upcoming expensive purchases as it offers an introductory APR of 0% for 15 billing cycles.

Understanding the Fine Print

MoneyGeek analyzed the fine print of the Bank of America Travel Rewards for Students card so that you can understand the rates and fees associated with it.

  • Card Feature
    Amount or Rate
  • APR
    13.99% - 23.99%
  • Annual Fee
    $0
  • Cash Back Rewards
  • Rewards Rate
    1.5 points
  • Airline Benefits
  • This is an icon

    Regular APR

    This card offers a 0% introductory APR for 15 billing cycles. After the introductory period is over, it charges a variable APR of 13.99% - 23.99% based on your creditworthiness.

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    Points reward rate

    With this card, you earn an unlimited 1.5 points for every $1 spent on any type of purchase.

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    Annual fee

    This card charges a $0 annual fee.

  • This is an icon

    Balance transfer fee

    If you transfer your balance from another card, you have to pay either $10 or 3% of the amount of each transaction, whichever is greater, in balance transfer fees.

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    Cash advance fee

    When taking out a direct deposit or check cash advance, you have to pay either $10 or 3% of the amount of each transaction, whichever is greater, in cash advance fees. While the fee for ATM, over-the-counter, same-day online and cash equivalent cash advances is either $10 or 5% of the amount of each transaction, whichever is greater.

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    Foreign transaction fee

    This card doesn’t charge a foreign transaction fee.

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WHERE TO FIND THIS INFORMATION?

While MoneyGeek gathered information about the Bank of America Travel Rewards for Students card to help you make a decision, you can also find additional information on your billing statements, mobile app or online banking website, Bank of America’s website and the credit card agreement database maintained by the Consumer Financial Protection Bureau.

Who Should & Shouldn’t Consider Bank of America Travel Rewards for Students?

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Other Considerations for Bank of America Travel Rewards for Students

You might use the Bank of America Travel Rewards for Students differently depending on whether it's your first card or you have multiple cards. Keep the following considerations in mind.

Things to Consider if This Will Be Your First or Only Credit Card

If this is the only card in your wallet, you should keep in mind that, while this card offers an introductory APR of 0% for 15 billing cycles, it charges a high variable APR of 13.99% - 23.99% on purchases after the introductory period is over. That’s why it’s best to pay off your balance in full every month to avoid accruing interest.

Plus, since this card offers 1.5 points per $1 spent on every type of purchase, you can use it everywhere without keeping track of spending categories. This can make it easier to manage your rewards.

Things to Consider if This Will Be an Additional Card in Your Wallet

The Bank of America Travel Rewards for Students card does not charge a fee on international transactions. That’s why you should use it while traveling internationally, especially since other cards might charge you a 3% fee on every transaction.

You can also use this card to cover upcoming expensive purchases as it offers an introductory APR of 0% for 15 billing cycles.

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WHY TRUST OUR REVIEWS

MoneyGeek follows a six-step process when evaluating credit cards that involves collecting credit card information, standardizing data points, researching potential cardholder profiles, considering annual and introductory bonuses, establishing the card values and reviewing data monthly to reprocess rankings.

How Bank of America Travel Rewards for Students Compares to Other Cards

The Bank of America Travel Rewards for Students card compares well against other cards of the same category and is an excellent option for college students. It offers a simple rewards structure, a $0 annual fee and a good welcome bonus. Also, it doesn’t charge fees on international transactions, making it a good option for students studying abroad or traveling internationally. However, other cards may also be worth considering.

Quick Comparison of Bank of America Travel Rewards for Students

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Bank of America Travel Rewards for Students

  • Annual Fee: $0
  • Purchase APR: 13.99% - 23.99%
  • Foreign Transaction Fee: $0
  • Rewards Rate: 1.5 points on every $1 spent on all purchases.
  • Best For: Students studying or traveling abroad looking for a card with a simple rewards structure.
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Bank of America Cash Rewards for Students

  • Annual Fee: $0
  • Purchase APR: 13.99% - 23.99%
  • Foreign Transaction Fee: 3%
  • Rewards Rate: 3% on chosen category, 2% on grocery stores and wholesale clubs, 1% on other purchases.
  • Best For: Students looking for a card with cash back rewards and $0 annual fee.

Other Helpful Decision-Making Q&As

MoneyGeek answered some frequently asked questions about the Bank of America Travel Rewards for Students card to help you understand important details about the card and decide if you should apply for it.

Still not sure about this card? Consider these options.

MoneyGeek completed a significant analysis to help you decide about the Bank of America Travel Rewards for Students card. However, if you’re still unsure about this card and want to explore other options, you can look over other student credit cards. You could also consider cash back cards, rewards cards or even gas cards.

Learn more about credit cards in general

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
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