Bank of America Travel Rewards Points Value

Calculate the cash value of Travel Rewards Points earned with Bank of America and get the list of redemption options.
Updated 2020-12-26 By Robert Flowers III

The Travel Rewards

Travel Rewards Points Value Calculator

Use the Travel Rewards Points Value Calculator to calculate the cash value of Bank of America Travel Rewards Points based on the redemption options listed. You can enter any amount of points in the field below.

Travel Rewards Points Value Calculator

Enter any amount of points to see the average cash value.
Points
All Redemptions
1 cent
$0

Bank of America Point Bonuses

The Bank of America Travel Rewards Program is not praised due to it's redemption point value of 1 cent, but for the bonus points you can earn if you have money invested with Bank of America and their partners. Though their Bank of America Preferred Rewards Client program for personal cards and Bank of America Business Advantage Relationship program for business cards, you can earn up to a 75% bonus on points earned using Bank of America credit cards.

The investment bonus you'll receive is based on a 3-month average in combined balances. The table below shows the bonuses you'll receive based on that average balance.

Bank of America Investment Bonuses
Level Bonus Rewards Required Balance
Gold 25% Bonus $20k to <$50k
Platinum 50% Bonus $50k to <$100k
Platinum Honors 75% Bonus $100k+

The point value boost that you receive from investing with Bank of America and their partners will apply to:

Bank of America Travel Center

Travel Rewards Points used in the Bank of America Travel Center are worth 1 cents each. Since Travel Rewards Points aren't transferable, this is your only option when it comes to booking travel directly. The Bank of America Travel Center allows you to book flights, hotels, and car rentals. While this is another straightforward option, this is not the best use of points since you cannot double and triple dip rewards.

Gift Cards

Bank of America Travel Rewards Points can be redeemed for gift cards for a value of 1 cents per point. Bank of America has a hefty amount of gift card options to choose from ranging from dining to entertainment to retail.

Earn Expedia Rewards, cash back with Rakuten, AND redeem your Bank of America Travel Rewards Points.

Cash Redemptions

Bank of America Travel Rewards Points are valued at 1 cent apiece for cash redemptions. This is the best redemption method for using BOA Points since it allows you to double/triple dip on rewards.

For this example, lets say you have 30,000 Travel Rewards Points and you're looking to book a stay at a hotel that costs a total of $300. Redeeming your points directly on the Bank of America Travel Center would save you the full $300 since points are worth 1 cent each. You would pay nothing out of pocket and would also not earn any type of rewards.

Now lets say you use the Bank of America Travel Rewards Card to pay for your hotel either direct or through an online travel agency (OTA) using a cash back portal. Once the charge posts, you can use the same 30,000 points to wipe cover the $300 hotel cost, but you've now earned BOA Points on the booking, either hotel rewards points or points with the OTA, and cash back booking through the portal. Cash redemptions is the way to go.

Summary

Bank of America points can be redeemed for 1 cent per point in value on all redemptions. This makes it a pretty straightforward and easy to understand program. In order to get the most out of this program, you'll want to consider investing with Bank of America and their partners. If you're not able to invest with them, the Travel Rewards Program will feel like your typical cash back rewards program.

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