Traveling is one of the most engaging experiences a person can experience. It is an opportunity to learn about new cultures, explore new places, and experience life in a different way. With that in mind, Bank of America Cash Rewards has recently changed their policies to better accommodate their customers who are looking to take flight or embark on a journey.
In this article, we will explore what exactly Bank of America Cash Rewards defines as “travel” and how that impacts their rewards system. We will review the different types of travel that qualify for rewards and the various ways in which individuals can make the most of their Bank of America Cash Rewards.
Eligibility Criteria for Bank of America Cash Rewards
For those who are curious to know what counts as ‘Travel’ for Bank of America Cash Rewards, it’s important to first understand the eligibility criteria for the program. Customers must be eligible and maintain an active Bank of America® Cash Rewards credit card that is saving with Bank of America® to qualify.
To qualify for the program, customers must meet all the below criteria:
- Be 18 years of age or older.
- Be a U.S. citizen or legal resident of the U.S. with a valid physical address.
- Have a valid Social Security number.
- Maintain a qualifying Bank of America® Cash Rewards credit card account in good standing.
The Bank of America® Cash Rewards program offers customers cash back rewards when they travel, shop, purchase items online, and use their card for dining. Customers can earn up to 3% cash back on select travel expenses such as hotels, airfare, and even some car rentals. Customers can also earn 2% cash back on online purchases and 1% cash back on their everyday spending, regardless of where it is made.
To learn more about the Bank of America® Cash Rewards program and the eligibility criteria, visit their official website.
Qualifying Types of Purchases
The Bank of America Cash Rewards program offers cardholders the chance to earn cash back on their everyday purchases. The program allows shoppers to earn cash back on specific categories, such as gas, groceries and travel. When it comes to qualifying types of purchases, the general rule is that a purchase must fit within the bonus category to be considered eligible for a cash back reward. That being said, what counts as travel for the Cash Rewards program?
To qualify, a purchase must fit into one of the following categories: airfare, lodging, rental cars, train tickets, ferry tickets, bridge tolls, taxi and rideshare fares, and several select tour operators.
Here is a closer look at the types of purchases that count as travel for the Bank of America Cash Rewards program:
- Airfare: Tickets for domestic and international flights purchased directly from the airline will be eligible for cash back rewards.
- Lodging: Cash rewards may be earned on qualified hotel and motel stays.
- Rental Cars: Rental cars and car-sharing fares are eligible for rewards.
- Train Tickets: Tickets purchased for passenger trains, light rail lines, and other similar services may be eligible for cash back.
- Ferry Tickets: Ferries, water taxis, and other aquatic transportation fares may be eligible for cash back rewards.
- Bridge and Tunnel Tolls: Tolls for bridges and tunnels may qualify for rewards.
- Taxi and Rideshare Fares: Cash rewards may be earned on taxi rides, rideshare fares, and other fare-based transportation services.
- Tour Operators: Qualifying purchases with select tour operators may also qualify for rewards.
When it comes to qualifying purchases, it is important to remember that not all purchases will count towards earning cash back. Purchases must fit within the specified bonus categories in order to qualify for a reward.
How to Track Cash Rewards with Your Bank of America Account
Every time you use your Bank Of America Cash Rewards card, you earn cash back. Those cash back rewards can range from 1%-3% and come in the form of statement credit, direct deposits, and even paper checks. However, it is important to track your progress to make sure you benefit from your use of the Cash Rewards card. Luckily, Bank Of America makes tracking quite easy.
Here is how to track the Cash Rewards in your Bank Of America account:
- Login to your Bank Of America account.
- From the homepage, select the Cash Rewards card under the “My Accounts” tab.
- Once you are in your Cash Rewards account, click the “Rewards Summary” tab.
- This will give you a summary of the cash back you have earned this billing cycle, as well as the cash back you have earned over the last 12 months.
By taking the time to track your Cash Rewards account, you can ensure that you are making the most of your Bank Of America Cash Rewards card. Knowing how much cash back you have earned will also give you an idea of how much you can spend in order to earn the most cashback.
Best Ways to Maximize Cash Rewards
Cash rewards are popular incentives for customers to return to a particular financial service. Bank of America offers cash rewards in the form of the Bank of America Cash Rewards credit card. By understanding and using the features of the cash rewards program, customers can maximize their benefits.
Know What Counts as Spending
To qualify for a reward, customers must accumulate a certain amount of spending. It is important to understand what counts as spending. Bank of America’s rewards program allows customers to use their cash rewards credit card on everyday purchases, including groceries, clothes, and transportation. Additionally, eligible travel purchases, such as flights and hotel stays, count as spending.
Understand the Cash Back Rate
It is also important to understand the rate of cash back rewards. The Bank of America Cash Rewards credit card offers up to 3% cash back. Customers can earn 1% cash back on all their purchases, then add another 2% to that total if they spend in certain categories such as travel or dining.
Take Advantage of Special Offers
Customers should keep an eye out for special offers that can potentially increase their rewards. Bank of America regularly offers promotional cash back bonuses for spending in certain categories such as online shopping or grocery stores. Additionally, customers can look for offers when booking a hotel or making a purchase online.
Maximize Cash Rewards With These Tips
- Know what counts as spending for the Bank of America Cash Rewards credit card.
- Understand the cash back rate for different categories.
- Take advantage of promotional and one-time cash back bonuses.
- Pay off the card statement on time to avoid late fees.
By understanding and using the Bank of America Cash Rewards program, customers can maximize their rewards and make the most of their available savings. Customers should keep track of their spending and look for promotions in order to ensure they receive the highest possible cash back rewards.
Travel With Confidence With Bank of America Cash Rewards
Thanks to Bank of America Cash Rewards, you can now travel with confidence knowing that you are getting the best cash rewards on all your purchases. This program offers you the ability to get up to 6% cash back on select travel categories and offers you exclusive deals. With this program, you can easily save money on flights, hotels, and more. No matter what kind of traveler you are, you can count on Bank of America Cash Rewards to provide you with great rewards while you’re away.
Discover What Counts as Travel for Bank of America Cash Rewards is the perfect way to start your next adventure. With comprehensive and generous rewards, Bank of America Cash Rewards makes traveling and earning rewards simple and easy. Take time to research and study the offer, and reap the benefits when you are ready to set out on your next trip.
