The Bank of America credit card travel benefits include travel insurance, rental car insurance, bonus points on travel purchases, $0 foreign transaction fees and airline companion tickets. These Bank of America credit card travel perks are only available on certain cards, though.
All Bank of America credit cards also offer the benefits of worldwide acceptance and $0 liability for fraudulent purchases. Also, there are several other perks that are available on various cards.
The Bank of America credit card travel benefits include:
Worldwide acceptance: All of Bank of America’s credit cards are on either the Mastercard or Visa Those are the two most widely accepted credit card networks in the world.
Rental car insurance: Covers vehicles rented with an eligible card against collision damage and theft. Available on select Bank of America credit cards such as the Bank of America® Premium Rewards® credit card and several business credit cards.
$0 foreign transaction fees: Available on cards like the Bank of America Travel Rewards Business Card, Bank of America Travel Rewards credit card, Bank of America Premium Rewards credit card, Bank of America® Premium Rewards® Elite Credit Card, Bank of America Travel Rewards for Students, and some co-branded travel cards.
Free checked bag: Available on co-branded cards the Alaska Airlines Credit Card and the Virgin Atlantic Credit Card.
Travel statement credits: Credits for airline incidentals and TSA PreCheck applications. Available on cards such as the Bank of America Premium Rewards credit card and Bank of America® Premium Rewards® Elite Credit Card.
Luxury hotel perks: Special benefits at certain hotels, such as automatic room upgrades and complimentary breakfast for two. Available on cards like the Bank of America Premium Rewards credit card and Bank of America® Premium Rewards® Elite Credit Card.
As you can see, there are quite a few Bank of America credit card travel benefits, but they’re not consistent across all cards. Make sure to check your card’s benefits guide for the full details.
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.
You can redeem Bank of America Travel Rewards credit card points for statement credit to cover travel purchases made in the past 12 months. The card’s 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 (800) 434-8313. 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 credit card Points Online
Select the Bank of America Travel Rewards credit card.
Click on the “Rewards” tab.
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 credit card 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.
What Counts as Travel for the Bank of America Travel Rewards credit card?
One great thing about redeeming Bank of America Travel Rewards credit card 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:
Boat rental agencies
As you can see, the redemption options given by Bank of America Travel Rewards credit card offer great flexibility. On top of that, there are no blackout dates or restrictions.
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