What are the Bank of America credit card travel benefits?

There are six types of Bank of America travel insurance: trip delay insurance, trip cancellation/interruption insurance, travel accident insurance, baggage delay insurance, baggage loss insurance and rental car insurance. Not every BofA card will include every type of Bank of America travel insurance. And the BofA website does not give specific information about travel insurance for each card. You’ll have to call customer service about the individual card you’re interested in.… read full answer

In addition, some Bank of America credit cards are on the Visa network and some are Mastercards. So the coverage levels may differ there as well. Just remember that in all cases you must have paid for the trip using your card.

Types of Bank of America Travel Insurance:

• Trip delay insurance: Reimburses you when a trip starts late because of things 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.
• Travel accident insurance: Reimburses you if someone in your party is killed or seriously injured by a travel provider.
• 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.

If you’re looking for a Bank of America credit card with travel insurance, consider either Bank of America Travel Rewards or Bank of America Premium Rewards. The Travel Rewards card gives up to $250,000 in travel accident insurance. It also offers rental car insurance and lost luggage insurance.

The Premium Rewards card has up to $1 million in travel accident insurance. And it gives insurance for rental cars as well as cancelled, delayed and interrupted trips. There’s coverage for delayed and lost baggage, too.

You can redeem Bank of America Travel Rewards points for a statement credit to cover travel purchases made in the past 12 months. BofA Travel Rewards points can also be used for gift cards or for cash back, via paper check or a Bank of America deposit-account credit. You can redeem your points by signing in to your account … read full answeronline or on the BofA mobile app, or by calling (888) 268-7800. The Bank of America Travel Rewards credit card gives at least 1.5 points per $1 spent on purchases, so that can add up quickly.

How to Redeem Bank of America Travel Rewards Points Online

1. Log in to your Bank of America account online.
2. Select the Bank of America Travel Rewards credit card.
3. Click on the “Rewards” tab.
4. Browse the rewards options and redeem your Travel Rewards points.

If you travel frequently, you should have no trouble redeeming your Bank of America Travel Rewards points. While you can’t actually use points to purchase travel directly, you can pay for a travel purchase with the card through the BofA Travel Center and earn 3 points per $1 spent. Two days later, you can redeem those points to count toward the travel purchase as long as you have at least 2,500 points ($25 travel value).

If you don’t want to wait, you can redeem immediately for cash back once you’ve collected at least 2,500 points ($15 cash back value). But you’ll need at least 3,125 points to use Travel Rewards points for gift cards.

One great thing about redeeming Bank of America Travel Rewards points for your travel purchases is BofA’s broad interpretation of what counts as a travel purchase. You can use points toward purchases at places like circuses, art galleries, amusement parks, tourist attractions, boat rental agencies, and zoos, along with your ordinary travel expenses like plane tickets and hotel reservations. And unlike a lot of other credit card companies, BofA counts Airbnb rentals in its travel category, which lets you use your points toward those purchases.