Do Bank of America Points Expire? Everything You Need to Know
Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full advertising policy: How we make money.
INSIDER SECRET: Bank of America issues credit cards that earn travel points. But my favorite for travel isn’t a travel credit card! It’s the Bank of America®️ Premium Rewards®️ credit card. I’ll show you why.If you’re like me, earning points with credit cards is often easier than getting yourself to use those points. There are too many fantastic ways to redeem them.
But there’s one important aspect of miles and points to remember: Earning points and not spending them can be dangerous. If you aren’t careful, your favorite credit card points may expire.
Bank of America offers a variety of travel rewards credit cards, including:
- Bank of America®️ Premium Rewards®️ credit card
- Bank of America® Travel Rewards credit card
- Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
Bank of America’s travel rewards credit cards earn some of the most straightforward rewards, so they’re fantastic for beginners. But do Bank of America points expire? In a way, they do. But I’ll show you how to ensure that never happens!

Do Bank of America Rewards Points Expire?
When a Bank of America Rewards credit card account is closed for any reason, you will lose your unused points. In other words, they expire only when you close your points account, or your account is no longer in good standing and Bank of America closes it for you. Makes sense!
There are a few ways to keep your points should you want to close your account.
If you’re planning to close an account that earns Bank of America Rewards points, it’s important to use your points first (you can check this post out to learn Bank of America points value and how to use them). But what if you’ve got no upcoming plans to use your points?
The solution is simple if you’ve got the Bank of America Premium Rewards because you can cash out your points at one cent each. Just note you’ll need at least 2,500 points to redeem them. Because you can turn your points into cash, this is my favorite card to use for travel. I can use my rewards for literally ANYTHING.
With the Bank of America Travel Rewards and Bank of America Business Advantage Travel Rewards, the answer is more complicated. If you’ve got no upcoming travel plans, there are still ways to use your points, but they’re not ideal.
You can cash out your Travel Rewards points at a value of 0.6 cents each. That’s bad, considering you’ll receive a value of one cent each when you redeem for travel. But you can also redeem your points for gift cards at a much fairer rate. Gift cards start at 3,125 points for a $25 value (0.8 cents per point). But the value increases with the price of the gift card. For example, redeem 20,000 points and you’ll receive a $200 gift card (1 cent per point).
Bottom Line
Bank of America Rewards points are valued around one cent per point. These points are fairly easy to earn, with uncomplicated bonus categories. Additionally, you can use points for travel through Bank of America’s travel portal, gift cards, or transferred to a checking account in return for cash.
Plus, your points won’t expire as long as your credit card account is open and in good standing. So there’s no rush to use your points. Just be sure you use them before you cancel your card, or you’ll lose them all.
Stay tuned for more posts on Bank of America rewards! And subscribe to our newsletter for more helpful info like this!
Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
Intro APR on purchases
N/A
Regular APR
20.49% – 27.49% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Rates & Fees
Other
MORE INFO
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)
Join the Discussion!