If you are looking for rewards credit cards, nothing beats a good old comparison. In this article, we compare two heavyweight reward champions: Bank of America® Unlimited vs Travel Rewards card. Check it out!

Both of these cards will earn you rewards at a 1.5 rate. For the Bank of America® Unlimited Cash Rewards, this means 1.5% cash back on all purchases.

For the Bank of America® Travel Rewards card, it means 1.5 travel points per dollar. Keep reading and check out the comparison.

The Bank of America® Unlimited Cash Rewards is a $0-annual-fee credit card which earns you a flat 1.5% cash back on all purchases. Have a look at its features below so you can compare the Bank of America® Unlimited vs Bank of America Travel Rewards card.

For starters, the Bank of America® Unlimited Cash Rewards does not charge an annual fee. The card also comes with a long 0% intro APR period which lasts for 18 billing cycles. 

This card also offers a cash bonus of $200 after you make at least $1,000 in purchases within the first 90 days from account opening.

Add that to the card’s ongoing cash back rate of 1.5%, and you will be saving good money on your purchases.

In order to get access to the best rewards the Bank of America® Unlimited Cash Rewards has to offer, you must be a Preferred Rewards member.

To become a member of the Preferred Rewards program, you must keep more than $20,000 in combined deposits in Merrill investment accounts and at Bank of America deposit accounts.

This means besides having good to excellent credit, you must have a significant amount in savings deposited in one of these institutions.

We should also point out that when you make a balance transfer, there is a 3% fee on the amount of each transaction. Either 3% or $10, depending on which is greater.

The Bank of America® Travel Rewards card is an excellent choice for individuals who travel frequently. It offers flexible rewards and does not charge an annual fee.

The Bank of America® Travel Rewards card does not charge an annual fee. Still, it offers a welcome bonus of 25,000 points after you spend the first $1,000 within 90 days from account opening.

You can redeem those points as a $250 statement credit that you can spend on travel purchases. You can use the card to book trips any way you want, not limited to specific websites.

The card comes with a 0% intro APR period of 18 billing cycles. During this period you will not pay any interest on purchases or any balance transfer you make within the first 60 days from account opening.

It does not charge a foreign transaction fee. For a travel card, this is extremely relevant, and saves you from 1% to 3% fees that other cards usually charge. Plus, it offers flexible rewards redemptions.

Also, by making travel purchases through the Bank of America Travel Center, you can maximize your earnings and make up to 3 points per dollar.

Just like the previous card, in order to get access to the best rewards the Bank of America® Travel Rewards card has to offer, you must be a Preferred Rewards member.

Also, this card does not offer any bonus categories to help you maximize your earnings. Combined with its excellent score requirement, it makes a card that is not for everyone.

The card charges a 3% or minimum $10 fee on the amount of each balance transfer (whichever is greater).

Both of these cards fall pretty much within the same category when it comes to earnings rate and credit requirements. If you think about it, deciding among these two cards is a matter of what is important to you.

Are you looking for a card that will help you cover travel costs thanks to the benefits it offers? Then the Bank of America® Travel Rewards card is what you are looking for.

If, on the other hand, you are looking to get some back from every purchase, then the Bank of America® Unlimited Cash Rewards is your card.

Also, you should keep in mind your actual habits. If you do not travel much, the Bank of America® Travel Rewards card will not benefit you much. 

It is best suited for people who travel habitually. These are the people who will be making the travel purchases which contribute to the card’s reward system.

The Bank of America® Unlimited Cash Rewards will help you make the most off of everyday spending, since it offers a flat rate on all purchases.

Both cards charge no annual fee, and both have similar rewards limitations for non-Preferred-Rewards members. So, which is more important for you? Travel or cash?

If you can not decide yet, consider a third option. The Bank of America® Customized Cash Rewards allows you to pick your bonus categories to earn extra cash back. See how it all works on the following article.