AAA Member Rewards Visa card Review: Solid Rewards Rate on AAA and Travel Purchases
Review
Updated
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If you're looking for a no annual fee rewards card that will allow you to earn rewards in various spending categories, the AAA Member Rewards Visa Signature® Card may be an option to consider. New cardmembers can take advantage of a big sign-up bonus offer after meeting the minimum spend requirements.
While non-members can use this card, AAA members may find this credit card particularly useful as this card earns high rewards on travel purchases and AAA purchases. Find out more about this credit card's benefits in our AAA Member Rewards Visa Signature® Card full review.
Good/Excellent (670-850)
Intro APR
Purchases: N/A
Balance Transfers: 0%, 12 months
Regular APR
13.99% - 23.99%, variable
Rewards 3% cash back on eligible travel and AAA purchases; 2% back on gas, grocery store, wholesale club and drugstore purchases; 1% back on other purchases.
1% - 3% cash back
Annual Fee
$0
Welcome Offer $200 statement credit after you spend at least $1,000 within the first 90 days of account opening.
$200
A well-rounded credit card that goes toe to toe with offers from big national issuers. The sign-up bonus and rewards program are particularly competitive.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
|
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 27.24% Variable APR |
|
|
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
$200 cash rewards Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. | 2% cash rewards Earn unlimited 2% cash rewards on purchases. |
Intro: 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 12 months from account opening Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers Regular: 19.24%, 24.24%, or 29.24% Variable APR |
|
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases | 1.5-3 points per dollar Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center. |
Intro: 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America. Purchases: 0% Intro APR for 15 billing cycles for purchases Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Regular: 18.24% - 28.24% (Variable) |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
This credit card is a good fit for: Frequent travelers and consumers who regularly utilize AAA services and want to earn rewards without paying an annual fee.
The AAA Member Rewards Visa Signature® Card has some notable perks:
The AAA Member Rewards Visa Signature® Card has no annual fee. Getting a credit card with no annual fee is an excellent way to minimize added costs when using a credit card.
You won't need to be an AAA member to qualify for the AAA Member Rewards Visa Signature® Card. While this is the case, AAA members may get more value out of the card.
New cardmembers can take advantage of a $200 statement credit bonus offer. To qualify for this bonus, you'll need to spend at least $1,000 within 90 days of account opening. This bonus offer is comparable to many other rewards cards.
Read more: Best Sign-Up Bonus Credit Cards
When making purchases with the AAA Member Rewards Visa Signature® Card, you can earn in various ways. Here's a breakdown of how you can earn based on the types of transactions that you make with your card:
The earning rate on AAA and travel purchases is notable and comparable with many travel rewards credit cards. Plus, some rewards cards exclude wholesale club purchases from earning, and this card doesn't.
Some rewards credit cards have a cap on the rewards you can earn. There are no earning caps with the AAA Member Rewards Visa Signature® Card. Your earning potential is unlimited.
When charging entire travel packages to your AAA Member Rewards Visa Signature® Card, you'll automatically be eligible for up to $500,000 in common carrier travel accident coverage. This benefit is valid for foreign and domestic travel.
The AAA Member Rewards Visa Signature® Card includes an auto rental collision damage waiver for damage to covered rental cars due to collision or theft. You'll need to charge the entire car rental with this card and decline the collision damage waiver coverage offered by the rental car company. Coverage is available for most rental vehicles up to the car's actual cash value. When in your country of residence, this coverage is supplemental to your regular car insurance.
While you have the option to redeem points for cash back, travel, and gift cards, you can also redeem points for AAA vouchers. Points are only worth $0.01 when redeemed for cash back. Other redemption options vary in value, but points are worth up to 40% more when redeemed for AAA vouchers.
How much extra value will vary based on how many points you're redeeming:
For example: 50,000 points redeemed for cash back will get you $500. In comparison, 50,000 points redeemed for AAA vouchers will get you $700 in vouchers.
No foreign transaction fees are charged when using the AAA Member Rewards Visa Signature® Card for international transactions. Cards with this fee usually charge 3% per foreign transaction. Having no foreign transaction fees charged is beneficial if you plan to use your card when traveling overseas.
The AAA Member Rewards Visa Signature® Card has an introductory 0% APR on balance transfers available during the first 12 statement periods. You must make balance transfers within the first 60 days of account ownership.
If you have existing credit card debt that you want to tackle, this 0% APR offer can provide an opportunity to pay it off without incurring additional interest charges. A 3% balance transfer fee will apply to each balance transfer with a minimum fee of $10.
Read more: Best Balance Transfer Credit Cards
The AAA Member Rewards Visa Signature® Card has some areas that could be improved upon:
The AAA Member Rewards Visa Signature® Card may not be available to all. That's because AAA programs are regional, and credit card offerings vary by region.
When redeeming points for awards, there are minimum redemption amounts in place. This varies based on the redemption of your choosing. You'll need a minimum of 2,500 points for air travel, 3,500 points for gift cards, and 5,000 points for cash and AAA rewards vouchers.
You should know that AAA Member Rewards Visa Signature® Card points expire. They expire five years after the month they were earned. While they don't expire quickly, this is worth noting if you plan to keep this credit card for many years.
The introductory 0% APR rate is only available on balance transfers. There is no introductory 0% APR rate available for purchases.
Learn more: Best Rewards Credit Cards
If you want to apply for the AAA Member Rewards Visa Signature® Card, we suggest having a FICO® Score of 670 or higher. This credit card is intended for consumers with good credit. Other factors are also assessed when determining approval, such as income and current debt. It's possible to be approved with a lower credit score, or be denied with a higher score.
If you utilize AAA services, and want to earn rewards on AAA and travel spending, the AAA Member Rewards Visa Signature® Card may be a good option for you. If the following statements apply, then you should consider applying for the AAA Member Rewards Visa Signature® Card:
But if you don't plan to make these kinds of purchases with the card, don't utilize AAA services, or want more flexibility when redeeming your rewards, the AAA Member Rewards Visa Signature® Card may not be the right card for you. Other travel rewards or cash back credit cards may make more sense for your spending habits and goals. Simply check out our full credit card reviews list.
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
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