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The Bank of America® Travel Rewards credit card for Students is a high-value student credit card that offers flexible travel rewards and a long list of attractive features. At first glance, this card appears to have it all: sign-up bonus, unlimited flat-rate rewards, 0% intro APR offer, no foreign transaction fees, and no annual fees. However, it's not without its drawbacks. Learn more about this card in our Bank of America® Travel Rewards credit card for Students review so you can decide whether it's right for you.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
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Rating image, 5.00 out of 5 stars.
5.00/5
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5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
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= Best = Excellent = Good = Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 17.24% - 28.24% Variable APR |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase's Secure Website. |
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Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
75,000 bonus points Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠. | 5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. |
Intro: N/A Purchases: N/A Balance Transfers: N/A Regular: 21.49%-28.49% Variable |
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
This credit card is a good fit for: Students who are getting started building a credit history and want easy-to-use travel points.
This flat-rate rewards system is easy and lucrative, offering an unlimited 1.5 points per $1 on purchases, so you don't have to worry about using different cards for different purchases to maximize your rewards. This is one of the best basic cash back rates out there across all rewards credit cards, and the fact that it's a student credit card makes it even more impressive.
You can earn 25,000 points with the Bank of America® Travel Rewards credit card for Students if you spend $1,000 in the first 90 days. These points can be redeemed for a $250 statement credit toward travel purchases. This is one of the most valuable sign-up bonuses offered by a student credit card.
On top of the rewards, you can also take advantage of a 0% intro APR on purchases for the first 15 billing cycles, and for any balance transfers made within 60 days of opening the account. While this isn't the longest 0% intro APR offer, it's still pretty generous for a student credit card that also offers rewards. Just make sure to pay off your balance before the intro period ends and the standard APR is applied, and remember about the card's balance transfer fee of 3% for 60 days from account opening, then 4%.
Rather than earning miles and points that can only be redeemed with one brand, the Bank of America® Travel Rewards credit card for Students earns generic points that can be used for statement credits to cover a wide range of travel purchases. These include flights, hotels, cruises, vacation packages, baggage fees, and rental cars. Points are worth $0.01 each, so you'd need 10,000 points to "erase" a $100 travel purchase.
Read more: Best Rewards Credit Cards
If you're going to travel internationally, having a credit card that doesn't charge foreign transaction fees is a must. Most credit cards charge a 3% foreign transaction fee on purchases made abroad, meaning you'd pay $30 in fees per $1,000 you spend. With the Bank of America® Travel Rewards credit card for Students, you don't have to worry about fees eating up your vacation funds.
This card doesn't charge an annual fee, so you can give it a spin without worrying about accumulating fees that will cancel out any rewards you earn.
While a point value of $0.01 each is pretty standard for rewards credit cards, you can often get more value from a card that allows you to transfer points to rewards partners. Strategic transfers can easily yield a value of $0.02 to $0.03 per point, so adding some transfer partners would up the value of this card.
This card comes with a minimum redemption requirement of 2,500, meaning you have to wait until you have at least that many points saved up before you can redeem them. Ideally, there would be no set minimum.
This credit card has more stringent credit requirements than many other student credit cards, so it might be harder to qualify if you're new to credit or rebuilding credit.
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
The Bank of America® Travel Rewards credit card for Students likely requires a good credit score of at least 670 for approval. If you have low or no income, Bank of America also allows cosigners.
For more options, take a look at our picks for the best credit cards for good credit.
The Bank of America® Travel Rewards credit card for Students definitely packs a punch, and for the right person, it comes with just about everything you could ask for in a credit card. This card is best for you if:
Because the rewards points can only be applied to travel purchases like airline tickets, hotels, rental cars, and cruises, this card isn't ideal for folks who don't make those purchases at least once per year. It's also harder to get than other student credit cards, so it's not the best choice if you're just getting started on your credit-building journey.
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
The credit limit for this card typically ranges from $500 to $1,500, although some cardholders get higher or lower amounts. Since this is a student credit card, Bank of America tends to issue low credit limits to start.
Yes, this card is only for students. There's another version of the card with the same features, the Bank of America® Travel Rewards credit card, for non-students.
No, this card doesn't have trip cancellation insurance.
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