Best Bank of America Mastercard

The Bank of America credit cards that have the World Mastercard level of benefits are:

• Norwegian Cruise Line® Credit Card: Good (700+) credit needed.
• Allegiant Credit Card: Good (700+) credit needed.
• Sonesta Credit Card: Good (700+) credit needed.

The Bank of America credit cards on the World Mastercard level offer many benefits, including travel insurance, purchase benefits, special experiences, and many others.

Here are some of the best World Mastercard benefits:

• Travel insurance
• Special privileges at certain hotels
• 24/7 assistance
• Extended warranty 
• Price protection
• Special experiences, such as VIP access to exclusive events

Keep in mind that credit card benefits provided by a card network, such as Mastercard, are not necessarily on every credit card in that network by default. In other words, not every World Mastercard will have all the World Mastercard benefits. Ultimately, the card issuer – in this case, Bank of America – decides which cards get which benefits. So, it’s best to refer to the benefits guide that was mailed with your card.

Bank of America credit cards can be either Visa or Mastercard, depending on the card. Both Visa and Mastercard benefit from extensive worldwide acceptance, and they also 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.

Best Bank of America Visa Credit Cards in 2023

Best Bank of America Mastercard Cards in 2023:

Ultimately, if you would like to learn more about the differing roles played by card networks and card issuers, make sure to check out WalletHub’s guide on credit card companies and major cards.

The Bank of America World Mastercard benefits include:

• Rental car insurance
• Extended warranty coverage
• Price protection for up to 120 days
• Travel insurance for trip cancellations, trip interruptions, and trip delays
• ID theft alerts and ID resolution services

Each of the Bank of America World Mastercard credit cards that are available will have similar benefits. But it’s possible that not all 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 Bank of America website, or call (800) 592-4089.

The Bank of America Mastercard foreign transaction fee is 3% of all international transactions for most cards. Some exceptions include the Bank of America Travel Rewards Business Card and a few travel co-branded cards which come with a $0 foreign transaction fee.

At 3%, the Bank of America foreign transaction fee is too steep for anyone planning to make international purchases, but the cards that charge it are meant more for everyday spending than travel.

Alternative Bank of America Credit Cards for Frequent Travelers

If you’re a frequent traveler, you should consider getting the Bank of America® Travel Rewards credit card or the Bank of America® Premium Rewards® credit card as they both have 0% foreign transaction fees. Although they're Visa credit cards, the worldwide acceptance is pretty much the same.  Plus, they're better suited for occasional travelers or people who spend on many different categories.

The Bank of America Mastercard benefits include zero liability protection, Mastercard Global Service, and ID theft protection. Below you can find more details on each benefit.

Here are the Bank of America Mastercard benefits: 

• Zero liability: You won’t be held responsible for unauthorized transactions. This benefit applies to purchases made in store, over the phone, online, via a mobile device, or ATM transactions.
• Mastercard Global Service: This benefit provides emergency assistance anytime, anywhere, and in any language. Mastercard Global Service helps you with reporting a lost or stolen card, obtaining an emergency card replacement or cash advance, finding an ATM, and answering questions about your account.
• ID theft protection: This benefit monitors your credit file and sends alert notifications whenever suspicious activity is detected. It also provides a resolution specialist when required.

Certain exclusions and limitations may apply. So, make sure to check the guide to benefits that came with your Bank of America Mastercard for more details.

In addition to having these benefits, it’s important to remember that most Bank of America Mastercard credit cards also give rewards. Rewards aren’t generally considered card benefits but having a credit card that earns great rewards can be a big asset to cardholders.

A Bank of America corporate Mastercard is a special type of business credit card account that’s issued to a corporation (generally one with $10+ million in annual revenue), rather than an individual representing a business. As a result, individuals are not liable for corporate credit card debt, unlike balances on traditional business credit cards.

To get a Bank of America Mastercard securecode contact your transaction processor to confirm that they support the Mastercard SecureCode program.

If they do, install a Mastercard SecureCode compliant "plug-in" application on your site. Test your site with Mastercard to ensure that SecureCode is working properly.

You can display the Mastercard SecureCode logo to let your customers know that you are working to secure online shopping.