The Bank of America Mastercard benefits include zero liability protection, Mastercard Global Service, and ID theft protection. Below you can find more details on each benefit.
Here are the Bank of America Mastercard benefits:
Zero liability: You won’t be held responsible for unauthorized transactions. This benefit applies to purchases made in store, over the phone, online, via a mobile device, or ATM transactions.
Mastercard Global Service: This benefit provides emergency assistance anytime, anywhere, and in any language. Mastercard Global Service helps you with reporting a lost or stolen card, obtaining an emergency card replacement or cash advance, finding an ATM, and answering questions about your account.
ID theft protection: This benefit monitors your credit file and sends alert notifications whenever suspicious activity is detected. It also provides a resolution specialist when required.
Certain exclusions and limitations may apply. So, make sure to check the guide to benefits that came with your Bank of America Mastercard for more details.
In addition to having these benefits, it’s important to remember that most Bank of America Mastercard 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.
The Bank of America Customized Cash Rewards credit card offers $200 for spending $1,000 in the first 90 days. Plus, you can earn 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases.… read full answer
The card’s annual fee is $0 and you need excellent credit for approval.
The Bank of America Unlimited Cash Rewards credit card offers $200 online cash rewards for spending $1,000 in the first 90 days. In addition, with this card you can earn 1.5% cash back on all purchases.
The card comes with a $0 annual fee and it requires excellent credit for approval.
The Bank of America® Customized Cash Rewards Credit Card for Students offers $200 for spending $1,000 in the first 90 days. Plus, you can earn 3% cash back in a category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 spent on these categories combined per quarter), and 1% on all other purchases.
The card’s annual fee is $0. People with limited credit can get approved for this card.
You can redeem your cash rewards for statement credit, direct deposit to a BofA/Merrill Lynch account, or a personal check. Cardholders must have a minimum of $25 in cash back earned in order to redeem, regardless of redemption method.
Using your Bank of America cash rewards for a statement credit is one of the simplest options. Once you have at least $25 in cash rewards, you can directly apply your rewards as a statement credit and the amount will be subtracted from your current balance.
To redeem your cash rewards for a direct deposit, you must have a Bank of America checking or savings account, or a Cash Management Account at Merrill Lynch. If you choose to redeem your rewards using the personal check option, you should expect to wait at least 14 days for the check to arrive by mail.
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