Bank of America offers four credit cards that earns Bank of America Rewards points. While the redemption value will slightly vary depending on which card(s) you have, both sets of rewards programs offer an average value of 1 cent per point.
Bank of America Points Value
Here are The Point Calculator's valuations for Bank of America points based on redemption:
| Redemption option | Redemption 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: 1 to 1.2 cent per point.
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: 1 cent per point.
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: 1 cent per point.
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.
Redeeming for cash back: 0.6 cents per point.
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.
Learn More: Best Cash Back Credit Cards (+ Rewards Calculator)
Points to cash calculator
Use the Bank of America Points Value Calculator to determine the cash value of Travel Rewards and Premium Rewards points. This will give you an idea of how much your Bank of America points are worth on average.
| 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 |
How to earn Bank of America points
Bank of America points are earned by using Bank of America Travel Rewards and Premium Rewards credit cards. These credit card earns a set amount of points for every eligible dollar spent with the ability to earn up to a 75% bonus based on how much you have invested with Bank of America and their partners via the Preferred Rewards program.
- Earns 2X points on travel and dining purchases, and 1.5X points on all other purchases.
- Get up to $100 in Airline Incidental Statement Credits annually.
- TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years.
- Earns 2X points on travel and dining purchases, and 1.5X points on all other purchases.
- Receive up to $300 annually in Airline Incidental Statement Credits for qualifying purchases such as seat upgrades, baggage fees, airline lounge fees and in-flight services.
- Receive up to $150 annually for lifestyle conveniences including streaming services, food delivery, fitness subscriptions and rideshare services.
- Save 20% on domestic or international airfare for any class when you pay with points.
- Earns an unlimited 1.5X points on all purchases.
- No annual fee.
- Earns 3X points on travel purchases made through Bank of America® Travel Center and an unlimited 1.5X points on all other purchases.
- No annual fee.
Learn More: Best Travel Credit Cards (+ Rewards Calculator)
FAQ
How much are Bank of America Points worth?
Bank of America points earned with Travel Rewards and Premium Rewards credit cards are worth 1 cent each on average.
How much are 1,000 Bank of America points worth?
1,000 points are worth $10 in travel or dining with Travel Rewards cards and $10 for all redemptions for Premium Rewards credit cards.
How much are 2,500 Bank of America points worth?
2,500 points are worth $25 in travel or dining with Travel Rewards cards and $25 for all redemptions for Premium Rewards credit cards.
How much are 10,000 Bank of America points worth?
10,000 points are worth $100 in travel or dining with Travel Rewards cards and $100 for all redemptions for Premium Rewards credit cards.
How much are 25,000 Bank of America points worth?
25,000 points are worth $250 in travel or dining with Travel Rewards cards and $250 for all redemptions for Premium Rewards credit cards.
How much are 50,000 Bank of America points worth?
50,000 points are worth $500 in travel or dining with Travel Rewards cards and $500 for all redemptions for Premium Rewards credit cards.
