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 Bank of America® Premium Rewards® credit card instead.
Bank of America Travel Rewards credit card trip cancellation insurance covered trips cut short because of an injury or illness for you, your destination host, your traveling companion or a family member. The injury or illness needed to be severe enough to warrant cancelling (not just a cold), and it needed to be confirmed by a verified medical doctor. You obviously needed to buy the tickets with the card in order to get the insurance, too.
The Bank of America Travel Rewards Card’s main travel insurance benefit is rental car insurance. This BofA credit card is a Visa Signature card, which means you get rental car insurance, roadside dispatch, extended warranty protection, and travel/emergency assistance services.
The Bank of America Travel Rewards Card does not have the most common forms of travel insurance, such as lost luggage insurance, travel accident insurance, or trip cancellation protection. You need a Visa Infinite card for those perks.… read full answer
You can redeem Bank of America Travel Rewards points for a statement credit to cover travel purchases made in the past 12 months. BofA Travel Rewards points can also be used for gift cards or for cash back, via paper check or a Bank of America deposit-account credit. You can redeem your points by signing in to your account … read full answeronline or on the BofA mobile app, or by calling (888) 268-7800. The Bank of America Travel Rewards credit card gives at least 1.5 points per $1 spent on purchases, so that can add up quickly.
How to Redeem Bank of America Travel Rewards Points Online
Select the Bank of America Travel Rewards credit card.
Click on the “Rewards” tab.
Browse the rewards options and redeem your Travel Rewards points.
If you travel frequently, you should have no trouble redeeming your Bank of America Travel Rewards points. While you can’t actually use points to purchase travel directly, you can pay for a travel purchase with the card through the BofA Travel Center and earn 3 points per $1 spent. Two days later, you can redeem those points to count toward the travel purchase as long as you have at least 2,500 points ($25 travel value).
If you don’t want to wait, you can redeem immediately for cash back once you’ve collected at least 2,500 points ($15 cash back value). But you’ll need at least 3,125 points to use Travel Rewards points for gift cards.
One great thing about redeeming Bank of America Travel Rewards points for your travel purchases is BofA’s broad interpretation of what counts as a travel purchase. You can use points toward purchases at places like circuses, art galleries, amusement parks, tourist attractions, boat rental agencies, and zoos, along with your ordinary travel expenses like plane tickets and hotel reservations. And unlike a lot of other credit card companies, BofA counts Airbnb rentals in its travel category, which lets you use your points toward those purchases.
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 a WalletHub user.
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.