How does the Bank of America Travel Rewards card trip cancellation insurance work? This question is about the Bank of America® Travel Rewards credit card

How does the Bank of America Travel Rewards card trip cancellation insurance work?

This question is about the Bank of America® Travel Rewards credit card

Cameron DiGiovanni, Writer

@cdigiovanni20 • 10/10/22 This answer was first published on 04/07/21 and it was last updated on 10/10/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Bank of America Travel Rewards credit card may offer trip cancellation insurance as part of the Visa Signature benefits, but it is not guaranteed. Bank of America does not disclose any specific information regarding the card’s travel insurance benefits. However, the Bank of America Travel Rewards credit card certainly comes with some travel perks, such as 0% foreign transaction fees and emergency card replacement.

How Visa Signature Trip Cancellation Works

The Visa Signature trip cancellation insurance offers compensation if your trip has to be ended early or moved because of things out of your control (e.g. death, injury, severe weather, military orders and more). Coverage can be up to $2,000 per trip. To receive the reimbursement, you must have used your covered credit card to pay for the travel expenses.

Alternatives to the Bank of America Travel Rewards credit card

If you want a card that surely offers trip cancellation insurance and lots of extra travel perks, you consider applying for the Bank of America® Premium Rewards® credit card instead.

Ultimately, if you’re not loyal to Bank of America, you could check out the Chase Sapphire Preferred® Card, too. This card is considered one of the best credit cards with trip cancellation insurance on the market.

Does Bank of America Travel Rewards have travel insurance?

The issuer 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.

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How can I redeem my Bank of America Travel Rewards points?

You can redeem Bank of America Travel Rewards credit card points by signing in to your account online or on the BofA mobile app, or by calling (888) 268-7800. You can redeem your points for statement credits 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.

The Bank of America Travel Rewards credit card gives at least 1.5 points per $1 spent...

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