Bank of America Travel Rewards Credit Card for Students Review

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The Bank of America Travel Rewards Credit Card for Students is a worthwhile choice for college students who have plans to study and travel abroad. You may, however, need a co-signer if you haven’t established a good credit history.

Bank of America® Travel Rewards for Students

Overall Rating
Bank of America® Travel Rewards for Students
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 13.99% - 23.99% variable
Annual Fee $0
INTRO PURCHASE APR 0% for 15 Statement Closing Dates
Rewards Earning Rate Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere.
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit
Current Offer

25,000 bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening - which can be redeemed for a $250 statement credit toward travel purchases.

Who Is This Credit Card Best For?

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The Bank of America Travel Rewards Credit Card for Students is best for travel-minded students. Rewards can help pay for their next trip or while studying and trekking abroad, and the card doesn’t have foreign transaction fees. The bonus for new cardholders and rewards rate are more than competitive, and unlike some student cards, you can use a co-signer to qualify. However, if you’re unlikely to use rewards on travel, look for another card that will offer more value when rewards are used for traditional cash back.

  • Generous bonus for new cardholders

  • Decent rewards rate

  • Long 0% APR promotion

  • No foreign transaction fee

  • Cosigners allowed if you don't have good credit

  • High spending requirement to earn the bonus

  • Point redemption restrictions

  • Rewards redeemed for cash aren't worth much

Pros Explained

  • Generous bonus for new cardholders: About half of the available student credit cards offer a bonus, but they’re not always worth much. This card’s 25,000 bonus points are worth $250 in statement credits for travel purchases, one of the highest available bonuses right now.
  • Decent rewards rate: Some student credit cards offer bigger bonuses for specific types of purchases, but this card’s 1.5 points per $1 spent apply to everything, and unlike other student rewards cards, there’s no cap on how much you can earn. Plus, you’ll get another 1.5 points per $1 spent on travel booked through the Bank of America Travel Center. 
  • Long 0% APR promotion: Your purchases won’t accrue any interest for the first 15 billing cycles, about twice as long as most student cards offering an introductory APR. While it’s best to avoid carrying a balance, particularly as you establish good credit card habits, you’ll have a year to pay off a particularly large purchase. Just remember the ongoing APR will jump up to a variable 13.99%-23.99%, depending on your creditworthiness.
  • No foreign transaction fee: While this is a given among good travel cards, it’s less common among student cards. Some student cards charge a fee of as much as 3% of each transaction when you make purchases abroad, but not this one. If you’re planning to take the card on an international trip, this card is the better choice. Foreign transaction fees can easily cancel out the rewards you’ll earn on a single purchase. 
  • Cosigners allowed if you don’t have good credit: For several student credit cards, a good credit score is recommended to get approved. So if you’re just establishing your credit history, you may need a co-signer who meets those standards to get this card. Luckily, Bank of America is one of just a few major issuers that allow co-signers on its student credit cards.

Cons Explained

  • High spending requirement to earn the bonus: The card asks students to spend $1,000 within 90 days of opening an account to earn the bonus points. While the bonus is more generous than many other student card offers, that’s a large amount to spend in a short window for a budget-minded student learning to manage a card, perhaps for the first time. As with most cards, the clock starts when you’re approved, not when you receive the card in the mail and activate it. 
  • Point redemption restrictions: You can’t redeem points for cash or travel credit until you’ve earned 2,500 points (worth $25) which must first be applied to the most recent travel purchase you made on the card. Similarly, using points for gift cards requires you to first have 3,125 points, and the redemption values of gift cards vary. These stipulations could leave money in your account versus in your wallet if it takes you a while to earn the points. 
  • Rewards redeemed for cash aren’t worth much: Your rewards are worth the standard 1 cent per point if you use them to travel, but if you want cash back, you’ll get just 0.6 cents per point. This card is really best for students who plan to earn and redeem rewards for travel-related expenses.

Bonus for New Cardholders

You’ll receive 25,000 bonus points if you spend at least $1,000 within 90 days of getting your card. That’s good for $250 in statement credits for travel purchases, or $150 if you redeem your points for cash. This is impressive, given most student cards have a meager bonus, if any. (Though most don’t require you to spend as much in such a short time period to get it.)

Even if you have the Discover it Student Cash Back Card, which matches your rewards at the end of your first year, you’re not likely to net more, based on our average student spending calculations.   

Earning Points & Rewards

The Bank of America Travel Rewards Credit Card for Students has a simple, straightforward rewards structure that applies to all purchases. You’ll earn 1.5 points per $1 charged on your card, more than some competing student cards only offering 1% back on all purchases. You’ll also earn a bonus for eligible purchases made through the Bank of America Travel Center. For those, you’ll earn 3 points per $1.

You can also earn between 25%-75% more points with the “Preferred Rewards” program, but you’ll need to meet a very high deposit threshold. Depending on your three-month average balance in your qualifying Bank of America and/or Merrill investment accounts, this is how much of an earnings boost you'll get: 

  • $20,000 to $49,999 = 25% rewards bonus (1.875 points per $1)
  • $50,000 to $99,999 = 50% rewards bonus (2.25 points per $1)
  • $100,000 or more = 75% rewards bonus (2.625 points per $1) 

There’s no limit on your earnings and your points never expire.

Some student cards offer 2 or 3 points per $1—or even 5% cash back—but only for charges at certain locations, like grocery stores or gas stations, or require you to manage monthly categories. Depending on whether you spend the bulk of your money on the same things, you may earn more with a competing tiered-rate card or Bank of America’s Cash Rewards card with categories you choose.

Redeeming Rewards

You can use your points for cash back, or gift cards, but travel redemptions offer the most value. After making a travel-related purchase, just request a statement credit against your travel purchases. The bank will credit you at a value of 1 cent per point. For example, if you buy a $100 train ticket, you can redeem 10,000 points to get a statement credit which removes the $100 charge from your account. 

You can redeem your points through your online account, the bank’s mobile app, or over the phone. You can redeem them for up to 12 months after you make a travel purchase, so if you haven’t earned enough to cover a trip, you have a year of wiggle room.) 

Bank of America defines eligible travel broadly. It includes purchases with airlines, hotels, timeshares, trailer parks, campgrounds, vehicle rental agencies, cruise lines, and travel agencies as well as boat rentals, parking lot fees, tolls, and more. Even charges at amusement parks and circuses qualify. In-flight goods and duty-free airport purchases are excluded, however.

You can redeem your points for cash back, but at only 0.6 cents per point, you won’t get the most bang for your buck this way. Redemption values will also vary when you use points to buy gift cards.

How to Get the Most Out of This Card

If spending $1,000 in 90 days is a tall order for you, consider adding an authorized user, such as a parent, so you don’t miss out on the bonus for new cardholders. That person can use the card and then pay you back for his or her purchases—Just make sure the person is reliable and will reimburse you right away.

The card offers a lot of flexibility on travel redemptions, and that’s how you’ll get the best value from your points. When it’s time to redeem your rewards, make sure to use them for travel rather than cash back to maximize their value.

Use the card for everything you can, but avoid spending more than you can pay off at the end of each month. Not only is it a bad habit to get into, but you don’t want interest charges to eat into your rewards.

Customer Experience

Bank of America finished 5th among 11 issuers in the J.D. Power 2021 U.S. Credit Card Satisfaction Study.

You can reach the customer service team through its live chat feature on the website or contact a representative 24/7 over the phone.

If you opt-in, Bank of America offers free monthly updates on your FICO credit score, a great feature for college students just starting to establish their credit history. Take advantage of the perk as you develop good credit habits.

Security Features

Bank of America offers standard security features like zero liability and chip card technology.


This card doesn’t charge a foreign transaction fee, which is important if you’re planning to study or travel abroad. It also doesn’t charge an annual fee, which is relatively standard for this category of cards, but important for a starter card nonetheless. If you miss a payment, you’ll be charged $29 the first time—any additional missed payments will come with a $40 fee. However, if you have a balance of $100 or under, you won’t be charged a penalty fee at all.

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Bank of America® Travel Rewards for Students
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 13.99% - 23.99% variable
Annual Fee $0
INTRO PURCHASE APR 0% for 15 Statement Closing Dates
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Bank of America. "Bank of America Travel Rewards Credit Card for Students." Accessed Jan. 11, 2022.

  2. Bank of America. "Terms and Conditions for Bank of America Travel Rewards for Students." Accessed Jan. 11, 2022.

  3. Bank of America. "Preferred Rewards." Accessed Jan. 11, 2022.

  4. J.D. Power. "While Many U.S. Credit Issuers Struggle to Meet Evolving Customer Expectations, Some Bright Spots Exist, J.D. Power Finds." Accessed Jan. 11, 2022.