Bank of America travel insurance benefits include lost and damaged luggage reimbursement, travel accident insurance, trip cancellation coverage, and rental car insurance. 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:
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.
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 Bank of America Customized Cash Rewards credit card does not have travel insurance. While the Bank of America Customized Cash Rewards credit card does have benefits such as overdraft protection and zero liability protection, travel insurance is not among the card’s perks. This is because the Bank of America Customized Cash Rewards credit card credit card is made for people who want good rewards on everyday spending.… read full answer
The Bank of America® Travel Rewards credit card counts as travel everything from airfare, hotel reservations and car rentals to toll fares, tickets to tourist attractions, and rideshare services. Travel-related goods and services must be categorized with an eligible merchant category code to count as a travel purchase. A merchant category code is assigned by the major credit card networks to each purchase based on the merchant’s or service’s line of business.… read full answer
What Counts as Travel for Bank of America Travel Rewards?
Airlines, hotels, motels, cruise lines, and timeshares
Car rental agencies, including truck, trailer, motor home, and recreational vehicle rentals
Passenger trains, buses, taxis, limousines, ferries, and boat rentals
Garage and parking lot charges
Toll plaza and bridge fees
Tourist attractions such as amusement parks, carnivals, circuses, aquariums, and zoos
You can redeem your Bank of America Travel Rewards credit card rewards for a travel credit starting at 2,500 points, and then you can apply that credit to offset the cost of your travel accommodations or other travel-related purchases within 12 months from the purchase date. Bank of America Travel Rewards credit card points are worth 1 cent each when you redeem them for travel.
Bear in mind that there are certain purchases that the Bank of America Travel Rewards credit card does not count as travel. For example, you cannot redeem rewards for in-flight expenses or purchases at duty-free airports, among other things.
The Bank of America Travel Rewards credit card does not have trip cancellation insurance. The Bank of America Travel Rewards credit card does come with some travel perks, such as rental car insurance, a 0% foreign transaction fee and emergency card replacement, but no trip cancellation coverage.
Even though the Bank of America Travel Rewards credit card is not jam-packed with travel benefits, it’s still a great card for people who want minimal fees and a straightforward rewards program. If you want a card with trip cancellation insurance and lots of extra travel perks, consider applying for the … read full answerBank of America® Premium Rewards® credit card instead.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.