What benefits come with a Bank of America World Mastercard?

This question is about Bank of America Mastercard

Cameron DiGiovanni, Writer

@cdigiovanni20 02/11/21 This answer was first published on 02/11/21. 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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Bank of America World Mastercard benefits include rental car insurance, extended warranty coverage, and price protection for up to 120 days. Cardholders with a BofA World Mastercard also get travel insurance for trip cancellations, trip interruptions, and trip delays. These cards come with ID theft alerts and ID resolution services, too.

Each of the Bank of America World Mastercard credit cards that are available will have similar benefits, but it’s possible that not all of the cards will offer every benefit named above. This is partly because the cards are often co-branded with an airline, cruise line, or other partner company. To determine which benefits are included, refer to the benefits guide that came with your World Mastercard, use the chat function on the BofA website, or call 1-800-592-4089.

Jared Mathis, Member

@jared_mathis 05/19/20 This answer was first published on 05/19/20. 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 most important benefits that come with a Bank of America World Mastercard are:

Travel insurance
Purchase assurance
Price protection
Extended warranty
Luxury Hotel & Resorts Portfolio

World Mastercard is the middle tier for Mastercard perks. World Mastercard benefits are better than what you’d get from a regular Mastercard but not as good as World Elite Mastercard perks.

People also ask

Are Bank of America credit cards Visa or Mastercard?

Bank of America credit cards are either Visa or Mastercard, depending on the card, as Bank of America issues cards on both major networks. There are 12 Bank of America Visa credit cards available, as of January 2021, in addition to 11 Bank of America Mastercard offers. Both Visa and Mastercard are accepted almost universally worldwide, and the two networks provide similar benefits, so whether a Bank of America credit card is a Visa or a Mastercard should not be a deciding factor in most people’s credit card choice.… read full answer

Bank of America Visa credit cards include the Bank of America® Cash Rewards credit card, Bank of America® Cash Rewards Secured Credit Card, Bank of America® Cash Rewards Credit Card for Students, Bank of America® Travel Rewards credit card, Bank of America® Travel Rewards Credit Card for Students and Bank of America® Premium Rewards® credit card cards. The list also includes cards co-branded with Alaska Airlines, Susan G. Komen, World Wildlife Fund, U.S. Pride, Royal Caribbean and Celebrity Cruises, which are on the Visa network, too.

Bank of America Mastercard credit cards include the BankAmericard® credit card, BankAmericard® Secured Credit Card and BankAmericard® Credit Card for Students cards. The co-branded Norwegian Cruise Line, MLB, Spirit Airlines, Allegiant, Amtrak Guest Rewards, Air France KLM, Sonesta and Virgin Atlantic credit cards are on the Mastercard network, too.

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How does Bank of America travel insurance work?

There are six types of Bank of America travel insurance: trip delay insurance, trip cancellation/interruption insurance, travel accident insurance, baggage delay insurance, baggage loss insurance and rental car insurance. Not every BofA card will include every type of Bank of America travel insurance. And the BofA website does not give specific information about travel insurance for each card. You’ll have to call customer service about the individual card you’re interested in.… read full answer

In addition, some Bank of America credit cards are on the Visa network and some are Mastercards. So the coverage levels may differ there as well. Just remember that in all cases you must have paid for the trip using your 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.

If you’re looking for a Bank of America credit card with travel insurance, consider either Bank of America Travel Rewards or Bank of America Premium Rewards. The Travel Rewards card gives up to $250,000 in travel accident insurance. It also offers rental car insurance and lost luggage insurance.

The Premium Rewards card has up to $1 million in travel accident insurance. And it gives insurance for rental cars as well as cancelled, delayed and interrupted trips. There’s coverage for delayed and lost baggage, too.

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