How much does the Bank of America Student Travel Rewards Credit Card cost?
Annual fee: Students don't have to pay an annual fee for the Bank of America Travel Rewards credit card. There is no foreign transaction fee. A wire transfer is purchased from a financial institution. The fee for this service is $10 per transaction or 5%.
Balance transfer fee: Students who have the Bank of America Travel Rewards credit card for students pay a $10 balance transfer fee or 3% of every transaction.
Fee for cash advance: Direct deposit or check cash advances fees are $10 per transaction. ATM cash advance fees: ATM cash advances, online cash equivalents, and same-day cash advances are either $10 or $5.
Late payment fees: Students may be charged a late payment fee of up to $40 by the Bank of America Travel Rewards credit card.
How much does the Bank of America travel rewards credit card for students cost?
For the 15 first billing cycles, the Bank of America Travel Rewards credit card for students has an $0 introductory interest rate on all purchases. It has an APR variable of 13.99% to 23.99% on balance transfers and purchases. This is based upon credit worthiness.
Bank of America Student Travel Rewards Credit Card vs. Chase Sapphire Preferred Card
Annual fee: While the Chase Sapphire Preferred card offers greater rewards potential, the Bank of America Rewards Credit Card For Students is more affordable. The Chase Sapphire Preferred card has a $95 annual fee, but the Bank of America travel rewards credit card for students charges $0.
Reward: Earn 1.5 points per $1 on every purchase made with the Bank of America Student Travel Rewards Credit card. Chase Sapphire Preferred Card gives you five points for every dollar that you spend on Chase Ultimate Rewards travel, three points per $1 on eating out, and three points per $2 on grocery online purchases. You can also earn three points per Dollar on certain streaming services.
There are two points per $ on any other travel, and one point per $0. All other purchases will be eligible. The Chase Sapphire Preferred card can give you more rewards. You get 25% extra value when you use your points to redeem for Chase Ultimate Rewards travel.
Sign up bonus: If you spend $1,000 within the first 90 day of opening your account, Bank of America Travel Rewards credit card for students will give you 25,000 bonus online points. Chase Sapphire Preferred Card offers 60,000 bonus points for purchases of $4,000 within the first three months after account opening.
Benefits: Bank of America Travel Reward Credit Card for Students: Zero fraud liability, monthly FICO credit score access and no annual fees Chase Sapphire Preferred Card provides travel benefits such as trip cancellation insurance, and waivers for auto rental collision damage.
Bank of America Travel Rewards credit card for students vs. Discover It's Student Chrome
Annual fees: There is no annual fee for either card.
Reward: Students can earn 1.5 points for every dollar they spend on purchases with the Bank of America Travel Rewards credit card. The Discover It Student Chrome earns 2% cashback on purchases of up to $1,000 at restaurants and gas stations each quarter. After that, unlimited 1% cashback.
Sign-up bonus: Bank of America Travel Rewards Card for Students cardholders will receive a sign-up bonus of 25,000 bonus points online after they spend $1,000 in the first 90 days. You can redeem this for $250 in statement credits towards travel or dining. The Discover It Student Chrome card earns cash back for the first year of account opening.
Benefits: The cards come with free FICO score access. Bank of America Travel Rewards Credit Card For Students includes $0 fraud liability and Discover It Student Chrome includes fraud monitoring.
