Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 176
Registered: ‎03-20-2013
0

BofA Travel Rewards Redemption options

My question is if you can get cash back or statement credit anytime instead of a statement credit applied toward a travel related purchase with this card?
Established Contributor
Posts: 526
Registered: ‎02-08-2013
0

Re: BofA Travel Rewards Redemption options

https://www.managerewardsonline.bankofamerica.com/RMSapp/Ctl/link?eid=6F8F6E9D

 

Yes you can. I am surprised BoA doesn't advertise this card as a 1.5% cash back on ALL purchases. This would grab anyone's attention. If you bank with them,  it is 1.65% cash back on ALL purchases. No foreign transaction fees,  EMV. This should be the card to beat in the no-AF world.

     
Established Contributor
Posts: 840
Registered: ‎09-16-2013
0

Re: BofA Travel Rewards Redemption options


Stiga9 wrote:
My question is if you can get cash back or statement credit anytime instead of a statement credit applied toward a travel related purchase with this card?

when you get cash back, 1 point equal less than 1 cent. So 2500 points=15$ only. Only travel relate purchases can be redeem for 1cent=1point

Regular Contributor
Posts: 176
Registered: ‎03-20-2013
0

Re: BofA Travel Rewards Redemption options

[ Edited ]

bigbang91 wrote:

Stiga9 wrote:
My question is if you can get cash back or statement credit anytime instead of a statement credit applied toward a travel related purchase with this card?

when you get cash back, 1 point equal less than 1 cent. So 2500 points=15$ only. Only travel relate purchases can be redeem for 1cent=1point


Woah, really? I just chatted online with BofA. Two CSRs have told me that cash back also equals 2500 pts = $25. So have you tried a dummy redemption yourself to confirm 2500 pts = $15?

I know CSRs have known to be wrong a lot.

Moderator Emeritus
Posts: 15,090
Registered: ‎12-30-2011
0

Re: BofA Travel Rewards Redemption options

[ Edited ]

Stiga9 wrote:

bigbang91 wrote:

Stiga9 wrote:
My question is if you can get cash back or statement credit anytime instead of a statement credit applied toward a travel related purchase with this card?

when you get cash back, 1 point equal less than 1 cent. So 2500 points=15$ only. Only travel relate purchases can be redeem for 1cent=1point


Woah, really? I just chatted online with BofA. Two CSRs have told me that cash back also equals 2500 pts = $25. So have you tried a dummy redemption yourself to confirm 2500 pts = $15?

I know CSRs have known to be wrong a lot.


CSR was wrong Smiley Happy

 

Direct from the BOFA redemption options as a Travel Rewards card holder:

 

*****

 

"It’s easy to set up Automatic Redemptions with your card.

Once you have linked an account to your card, you can redeem your points for a cash deposit into your designated account. When you are ready to redeem, enter the number of Points you would like to redeem in the box next to the desired account and click, "Redeem."

Cash redemptions start at 2,500 points (2,500 points = $15)."

 

*****

 

It's really not a bad card though unless you need the EMV chip the Quicksilver admittedly is better (though traditionally it's a lot easier to build a respectable limit with BOFA than it is with Cap One, different issue), but it's not grail-like.

 

 

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 693, EQ 8 717, TU 8 732, EX 8 740 (11/01/16)
Goal Score: 700 on EQ 04 (01/01/17)


Take the myFICO Fitness Challenge
Regular Contributor
Posts: 176
Registered: ‎03-20-2013
0

Re: BofA Travel Rewards Redemption options

Man. I knew this card was too good to be true... Its still a good card. But yes,  still many better cards out there now.

Valued Contributor
Posts: 2,111
Registered: ‎07-29-2011
0

Re: BofA Travel Rewards Redemption options

If you use this card as a regular card, you will probably have travel purchases that you didn't even realize were travel purchases.  If have never NOT had a travel expense that I couldn't use all of my points toward for maximum cash back.  All sorts of places qualify as travel, including the normal planes, trains, and busses.

EX:694 TU:744 EQ:777
Amex ED $19.5k - BoA Travel Rewards $15k - CSP $5k - SDFCU EMV $15k - NFCU goRewards $20k - Barclays Arrival $6.5k
Established Contributor
Posts: 840
Registered: ‎09-16-2013
0

Re: BofA Travel Rewards Redemption options


Stiga9 wrote:

Man. I knew this card was too good to be true... Its still a good card. But yes,  still many better cards out there now.


i know, i fell for the trick also. However, if you redeem for travel related purchases, 10k points=100$

Moderator Emeritus
Posts: 15,090
Registered: ‎12-30-2011
0

Re: BofA Travel Rewards Redemption options

[ Edited ]

DaveSignal wrote:

If you use this card as a regular card, you will probably have travel purchases that you didn't even realize were travel purchases.  If have never NOT had a travel expense that I couldn't use all of my points toward for maximum cash back.  All sorts of places qualify as travel, including the normal planes, trains, and busses.


I fully agree Dave, I'm pretty happy with my own especially if I do get sent to the UK which may happen next year or two if I don't dump my awkward employer.

 

That said, with the Quicksilver underwriting being so easily obtainable (and it is admittedly a very good card if you're not worried about CL nor customer service horror stories, and probably easier to qualify for than the BOFA card without going the secured PC route), it's hard for me to look at searching for options for this card vs. a 1.5% cash back spender.

 

Edit: I don't know when the Quicksilver got released but that card is just too good at it's strata in the current competitive market, and other lenders may have to move to match if C1 can get traction with higher credit profile customers on it.

 

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 693, EQ 8 717, TU 8 732, EX 8 740 (11/01/16)
Goal Score: 700 on EQ 04 (01/01/17)


Take the myFICO Fitness Challenge
Established Contributor
Posts: 840
Registered: ‎09-16-2013
0

Re: BofA Travel Rewards Redemption options


Stiga9 wrote:

Man. I knew this card was too good to be true... Its still a good card. But yes,  still many better cards out there now.


also Stiga, you can PC your travel reward card to Cashback, i just did lol.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.