The benefits of Bank of America credit cards include several types of travel insurance, purchase protection, and up to $200 in travel credits. These benefits are mostly found on the top-tier Bank of America credit cards, though many more Bank of America credit cards have contactless chip technology and zero liability fraud protection. To know which perks are included on a specific card, you’ll need to call customer service at 1-800-732-9197 or check the Bank of America website.
Bank of America Credit Card Benefits
Up to $200 in travel credits
Contactless chip technology
Zero liability fraud protection
Trip delay reimbursement
Trip cancellation / interruption insurance
Baggage delay insurance
Lost luggage reimbursement
In addition to having some or all of these card perks, it’s important to remember that many Bank of America credit cards also give rewards. Rewards aren’t generally considered card benefits, but having a credit card that earns great rewards can be a big asset to cardholders. As long as you use your card responsibly and maximize the various benefits that Bank of America offers, you should come out well ahead of any annual fees that Bank of America cards may charge.
Bank of America travel insurance benefits include lost and damaged luggage reimbursement, trip cancellation coverage, and rental car insurance, among others. To be eligible for travel insurance coverage, you’ll need to pay for your travel using your Bank of America credit card.
Types of Bank of America Travel Insurance
… read full answerTrip delay insurance: Reimburses you when a trip starts late because of situations you can’t control (bad weather, mechanical breakdowns, etc.).
Trip cancellation/interruption insurance: Pays out when your trip ends early or gets cancelled because of something out of your control. Reasons include sickness and death of a family member.
Baggage delay/loss insurance: Pays you when a travel provider loses your baggage, damages it, or sends it late. Some items are excluded, like medical equipment, documents, and animals.
Rental car insurance: Reimburses you in the event of collision damage or theft. Certain car types and driving situations are excluded.
Travel and emergency assistance services: Provides referrals for medical and legal assistance, arranges for emergency transportation, and helps change travel reservations. Service is available 24 hours a day, 365 days a year.
Emergency evacuation and transportation coverage: If you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation, you can be covered for eligible medical services and transportation.
Roadside dispatch: 24/7 hotline for services such as towing (up to five miles), tire changes, jump starts, fuel delivery, and lockout assistance (no key replacement).
Check the guide to benefits that came with your Bank of America credit card to see which types of travel insurance are included. The guide will also show coverage amounts and other details on each of your travel insurance benefits.
The most important Bank of America Secured card benefit is the lack of an annual fee, so you'll be able to build or rebuild your credit on the cheap.
Other than that, if you’re looking for a card that helps you graduate to an unsecured card, this could be a good choice. When the card graduates, the deposit will be returned to the account that it was taken from. If you paid cash, it will be returned by check. If you transferred from checking or savings account, funds will be deposited into those accounts respectively.… read full answer
In addition to these, the Bank of America Secured is a Mastercard, so these Mastercard-specific benefits come bundled with it:
Price Protection reimburses you when an eligible purchase drop in price within 60 days of the original purchase date.
Extended Warranty, which doubles the manufacturer’s warranty for periods of up to 12 months on eligible purchases.
Rental Car Insurance, reimburses you in case of damage or theft for most rental cars.
With this said, just make sure you pay your bills on time and avoid using more than 30% or your available credit. The credit improvement process will be more consistent this way. Avoid carrying a balance, because the APR is rather high and avoid being late on your payments. Making late or returned payments could result in fees as high as $40.
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