Bank of America Points Value Calculator
Quick Overview
- Redemption Options: Bank of America points can be redeemed for travel, dining, and cash back.
- Maximize Value with Travel: The best value for Bank of America points is achieved through travel redemptions, offering a value of 1 cent per point. This applies to travel booked through Bank of America or charged to an eligible card.
- Enhanced Airfare Value with the Elite Card: Points redeemed for airfare through the Bank of America® Premium Rewards® Elite Credit Card have an increased value of 1.2 cents per point, thanks to the card’s 20% boost to airfare redemptions.
- Dining Statement Credits: Premium Rewards credit cardholders can redeem points for dining statement credits at a value of 1 cent per point.
- Low Value for Cash Back: Cash back redemptions offer the lowest value at 0.6 cents per point.
Bank of America points value
How much are Bank of America points worth? Bank of America points average
Bank of America points are worth 1 cent apiece on average. This means that 10,000 points are worth $100 in value.
Here's our breakdown on Bank of America points value based on redemption:
| Redemption option | Bank of America points value (in cents) |
|---|---|
| Redeeming points for airfare | 1 - 1.2 |
| Redeeming points for other travel | 1 |
| Redeeming points for dining | 1 |
| Redeeming points for cash back | 0.6 |
Bank of America Travel Center
Bank of America points can be redeemed towards travel purchases made through the Bank of America Travel center. This will give you a value of 1 cent per point meaning that 10,000 points is equal to $100 in travel value.
If you have the Bank of America® Premium Rewards® Elite credit card you'll save 20% on domestic or international airfare for any class when you pay with points. This gives you a slightly higher value of 1.2 cents per point.
Travel purchases made to the card
Travel purchases made to a Bank of America Travel Rewards or Premium Rewards card can be wipe away using points for a statement credit at a value of 1 cent each. This means that 10,000 points can wipe away $100 in travel charges made to the card.
Travel includes airfare, hotels, car rentals, cruises, campgrounds, amusement parks, aquariums, and zoos.
Dining purchases made to the card
Dining purchases made to a Bank of America Travel Rewards or Premium Rewards credit card can be wiped away using points for a statement credit at a value of 1 cent apiece. This means that 10,000 points can wipe away $100 in dining charges.
Cash back
Bank of America points can be redeemed for cash back at a value of 0.6 cents per point. This means that 10,000 points could be redeemed for $15 in cash back. I highly recommend avoiding this redemption as this offers the lowest value.
Bank of America points to dollars calculator
Use our Bank of America points to dollars calculator to convert points to cash value when redeemed for travel, dining, and cash back. This will give you an idea of how much your Bank of America points are worth on average.
Calculator: What's the cash value of your Bank of America points?
| Redemption | Average Dollar Value |
|---|---|
| Bank of America Travel Center airfare as a Premium Rewards Elite cardholder | $0 |
| Redeeming points for airfare and other travel | $0 |
| Redeeming points for dining | $0 |
| Redeeming points for cash back | $0 |
Average redemption value
The table below lists the value of Bank of America points for several denominations when valued at an average of 1 cent per point.
| Bank of America Points | Cash Value |
|---|---|
| 1 Point | $0.01 |
| 1,000 Points | $10 |
| 2,500 Points | $25 |
| 5,000 Points | $50 |
| 10,000 Points | $100 |
| 20,000 Points | $200 |
| 25,000 Points | $250 |
| 50,000 Points | $500 |
| 60,000 Points | $600 |
| 75,000 Points | $750 |
| 100,000 Points | $1,000 |
How does Bank of America points compare?
Here's how the value of Bank of America points compare against rewards earned with other travel programs:
Bank of America credit cards
Bank of America offers four credit cards which consists of three personal cards and one business credit card. All four cards participate in the Preferred Rewards program meaning that you can earn up to a 75% bonus based on your investements with Bank of America and their partners.
Click on a card to learn more. Each card has it's own rewards calculator which allows you to calculate total points and overall card value based on your monthly spend and how much you value card benefits, minus any annual fees.
We've run the calculations and checked them twice — here are the credit cards that consistently provide outstanding value to our users:
- Best flexible travel card: Capital One Venture Rewards Credit Card
- Best for high cash back: Blue Cash Preferred® Card from American Express
- Best for foodies: American Express® Gold Card
- Best for business travel rewards: Ink Business Preferred® Credit Card
- Best for heavy business spenders: Capital One Spark Cash Plus
Earn points paying rent with no transaction fee using the Bilt Mastercard®.
Redeem points towards future rent payments or transfer them to airline and hotel loyalty programs.
Earn status with Bilt Rewards and get treated like a VIP in your neighborhood with bonus points and access to exclusive benefits at local restaurants, fitness studios, and more.
Learn moreBank of America Points Calculators & Guides
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Bank of America Points Value Calculator
View the list of redemption options and calculate the average value of Bank of America points for each option. -
Calculator: Bank of America® Premium Rewards® Elite credit card
View the card benefits and calculate Bank of America points and card value based on your spend. -
Calculator: Bank of America® Premium Rewards® credit card
View the card benefits and calculate Bank of America points and card value based on your spend. -
Calculator: Bank of America® Travel Rewards Credit Card
View the card benefits and calculate Bank of America points and card value based on your spend. -
Calculator: Bank of America® Business Advantage Travel Rewards World Mastercard
View the card benefits and calculate Bank of America points and card value based on your spend.