What is the Bank of America Premium Rewards credit card concierge benefit?

The Bank of America® Premium Rewards® credit card does not offer price protection. The Bank of America Premium Rewards credit card’s lack of a price protection benefit is not unusual these days, as many credit cards have dropped this perk. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for some issuers to sustain.

In general, credit card price protection allows cardholders to receive a refund for the difference between an item’s original purchase price...

The Bank of America® Premium Rewards® credit card is a Visa, not a Mastercard. You can use your Bank of America Premium Rewards credit card at nearly 11 million merchants that accept Visa nationwide, plus abroad in more than 200 countries and territories.

There are a few relatively small differences between Visa and Mastercard credit cards, such as the network-level benefits they offer. But the two card networks have a lot in common, including extensive worldwide acceptance. Because the features the networks offer are so similar, it’s better...

Bank of America® Premium Rewards® credit card trip cancellation insurance reimburses you for certain nonrefundable travel expenses when you have to cancel a trip or cut it short due to situations out of your control, such as sickness or severe weather. To be eligible, you must pay for the travel using your card.

Your card’s benefits guide will have all the details about this coverage, including covered situations, exclusions, and the maximum coverage amounts per person and per trip.

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