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
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.
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.
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