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Bank of America (BofA) offers a travel rewards credit card that allows cardholders to earn points for their purchases. Cardholders can redeem these points for various travel expenses, including flights, hotels, car rentals, and more. But how much are BofA travel rewards points worth? Let’s explore.
How to Earn BofA Travel Rewards Points
Before we dive into the value of BofA travel rewards points, let’s first understand how you can earn them. The BofA Travel Rewards credit card awards cardholders 1.5 points for every dollar spent on purchases. Additionally, cardholders can earn 25,000 bonus points by spending $1,000 within the first 90 days of opening the account.
Redeeming BofA Travel Rewards Points
Once you’ve earned your BofA travel rewards points, you can redeem them for various travel expenses. You can use your points to book flights, hotels, car rentals, or even pay for vacation packages. You can also redeem your points for cash back, gift cards or merchandise, but keep in mind that redeeming for travel is the best value for your points.
Value of BofA Travel Rewards Points
The value of BofA travel rewards points varies depending on how you redeem them. If you redeem your points for travel, you can get a value of 1 cent per point. For example, if you redeem 10,000 points for a flight, it would be worth $100. However, if you redeem your points for cash back or other rewards, the value per point could be lower.
Maximizing the Value of BofA Travel Rewards Points
If you want to get the most out of your BofA travel rewards points, there are a few tips to keep in mind. First, always redeem your points for travel to get the full value per point. Second, consider transferring your points to one of BofA’s travel partner programs, such as Alaska Airlines, to potentially get even more value. Lastly, use your card for all of your everyday purchases to earn as many points as possible.
FAQs About BofA Travel Rewards Points
| Question | Answer |
|---|---|
| Can BofA travel rewards points expire? | No, BofA travel rewards points do not expire as long as your account is open and in good standing. |
| Can I earn BofA travel rewards points on balance transfers? | No, BofA travel rewards points cannot be earned on balance transfers. |
| Are there any blackout dates when redeeming BofA travel rewards points? | No, there are no blackout dates when redeeming BofA travel rewards points for travel. |
| Is there a limit to how many BofA travel rewards points I can earn? | No, there is no limit to how many BofA travel rewards points you can earn. |
Conclusion
BofA travel rewards points can be a valuable currency for those who love to travel. With the ability to earn points on everyday purchases and redeem them for travel expenses, cardholders can stretch their rewards to cover more of their vacation costs. Remember to always redeem your points for travel to get the most value per point, and consider transferring your points to a travel partner program for even more value.