The Bank of America® Travel Rewards credit card rental car insurance covers damage, theft, loss of use and towing charges for any rental car paid for with the Bank of America Travel Rewards credit card. It’s a free benefit that pays up to the actual cash value of a rented vehicle.
It is worth noting that Bank of America does not directly provide the rental car insurance on its cards. However, Bank of America Travel Rewards credit card may offer rental car insurance as part of the Visa Signature benefits, but it is not guaranteed. So, make sure to check the guide to benefits that came with your card to see which perks are included.
Here’s how the Bank of America Travel Rewards credit card rental car insurance works:
How to use the coverage: The cardholder must decline the rental agency’s insurance and pay for the entire rental with the Bank of America Travel Rewards credit card.
Coverage amount: Up to the actual cash value of the rented vehicle.
Coverage costs: Bank of America Travel Rewards credit card rental car insurance covers theft, damage, valid loss-of-use and reasonable towing charges.
How long you’re covered: The benefit covers domestic rentals up to 15 consecutive days.
Coverage for rental vehicles in another country: Rental car insurance covers eligible cardholders for 31 days for rentals in another country. Coverage does not apply to vehicles rented in Israel, Jamaica, Northern Ireland and the Republic of Ireland.
Coverage exclusions: Bank of America Travel Rewards credit card rental car insurance does not cover certain types of vehicles and situations. It does not cover damage to other vehicles, property or personal injuries. Coverage also does not apply to cargo vans, trucks, motorcycles or several other types of vehicles. And you won’t be covered for any damages caused by drunk or reckless driving, among other situations.
Bank of America Travel Rewards credit card Rental Car Insurance Claims
To file a Bank of America Travel Rewards credit card rental car insurance claim, call the Benefit Administrator (800) 348-8472. You will need to submit the claim form, along with any requested supporting documents within 90 days. You should receive payment from the Benefits Administrator within 15 days after receipt of all documents and the validation of your claim.
Bank of America does not disclose any specific information regarding the Bank of America Travel Rewards credit card travel insurance benefits. This card may offer it as part of the Visa Signature benefits, but it is not guaranteed.
The Visa Signature travel insurance benefits include rental car insurance, lost luggage insurance, travel accident insurance, trip cancellation protection and more. Make sure to check the guide to benefits that came with your Bank of America Travel Rewards credit card to see which perks are included with your card.… read full answer
Bank of America rental car insurance is a complimentary benefit that comes with all Bank of America credit cards. The coverage is actually provided by Visa and Mastercard, depending on which network your BofA card is on. The specifics vary by card network, too, but you’re generally covered against damage and theft up to a rental vehicle’s cash value.… read full answer
Not all situations are covered by Bank of America rental car insurance. Certain types of vehicles are excluded, and there are restrictions on the length of the rental period as well as eligible countries. You can find all the specifics in your card’s benefits guide.
Here’s how Bank of America credit card rental car insurance works:
Eligible cards: All Bank of America credit cards.
Coverage period: 31 or fewer consecutive rental days for Visa. 15 for Mastercard.
Coverage amount: Up to the cash value of most vehicles for Visa. Up to cash value of vehicles worth $50,000 or less for Mastercard.
Covered situations: Damage to and theft of rental cars, loss of use charges, and towing charges.
Non-covered situations: Driving while intoxicated, driving off road, damage/theft of personal items, general wear and tear/deterioration, and more.
Non-covered places: Republic of Ireland, Northern Ireland, Israel and Jamaica.
Non-covered vehicles: Exotic/antique cars, large vans, vehicles with open cargo beds, trucks, motorcycles and more.
Other requirements: Must decline the rental agency’s insurance offer.
Bank of America credit card rental car insurance is secondary to other insurance you have. So if you have a personal auto insurance plan that covers rental cars, you need to get reimbursed through that first. Then, Bank of America may give you more money after you show them what you got from the first source.
Yes, the Bank of America Travel Rewards credit card does offer extended warranty protection. This policy will lengthen the original manufacturer’s warranty by up to 1 extra year for warranties of 3 years or less. To benefit from the extended warranty coverage, you will need to use your Bank of America Travel Rewards credit card to make the purchase.
Here’s more info about the Bank of America Travel Rewards credit card extended warranty: … read full answer
Overview: The extended warranty policy will lengthen the original manufacturer’s warranty by up to 1 extra year for warranties of 3 years or less. For warranties of less than one year, the term is doubled.
How much is covered: The maximum coverage amount per item under the Bank of America Travel Rewards credit card extended warranty policy is $10,000. The maximum coverage amount per year under this policy is $50,000. The extended warranty coverage will pay for repairs or replacements of eligible items for no more than the original purchase price.
What is covered: The policy will cover purchases made with your Bank of America Travel Rewards credit card that come with a manufacturer’s warranty.
What is not covered: The Bank of America Travel Rewards credit card extended warranty protection does not cover motorized vehicles, computer software, medical equipment or used items, among other things.
Certain limitations and exclusions might apply. For more details on this perk’s terms and conditions, refer to the guide to benefits that came with your Bank of America Travel Rewards credit card.
In addition to extended warranty coverage, the Bank of America Travel Rewards credit card offers a 0% intro APR for 18 billing cycles, and no foreign transaction fee. It also has an annual fee of $0. All in all, the Bank of America Travel Rewards credit card is a good credit card for people who travel a lot.
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