Bank of America

To cancel a Bank of America credit card, call the bank at 800-732-9194 and enter your account number, Social Security number or telephone access ID when prompted. Then choose the option to speak to a customer service representative and tell the representative that you want to close your account. The representative may try to keep you as a customer by offering some kind of retention offer (such as a special bonus), but you can decline and have them close the account anyway.

Another way to close your Bank of America credit card account is to visit a branch location in person. Or you can send a written request with your credit card number to: Bank of America / P.O. Box 982234 / El Paso, TX 79998-2234.

Keep in mind that canceling your Bank of America credit card may lead to a drop in your credit score, especially if it's an old account. You can see how closing the card is likely to impact your score using WalletHub's free credit score simulator.

Bank of America Travel Rewards rental car insurance covers damage, theft, loss of use and towing charges for any rental car paid for with the BofA Travel Rewards card. It's a free benefit that pays up to the actual cash value of a rented vehicle. To get coverage, the cardholder must decline the rental agency's insurance and pay for the entire rental with the Travel Rewards card. The benefit covers domestic rentals up to 15 consecutive days. It's 31 days for rentals in another country. Coverage does not apply to vehicles rented in Israel, Jamaica, Northern Ireland and the Republic of Ireland.

Bank of America does not directly provide the rental car insurance on its cards. The Visa and Mastercard networks actually administer this benefit on all Bank of America credit cards. Your coverage depends on which network the card is on. For example, the Bank of America Travel Rewards card is a Visa Signature card. As such, it comes with Visa Signature's car rental insurance.

Bank of America Travel Rewards rental car insurance does not cover certain types of vehicles and situations. For example, the benefit covers only the rented vehicle. It does not cover damage to other vehicles, property or personal injuries. Coverage also does not apply to cargo vans, trucks, motorcycles or several other types of vehicles. And you won't be covered for any damages caused by drunk or reckless driving, among other situations.

You cannot get an Alaska Airlines Credit Card with 50,000 bonus miles. The current offer is for 40,000 miles plus a companion fare ticket for spending $2,000 in the first 90 days. The bonus miles are worth hundreds of dollars when redeemed for airfare on Alaska Airlines or one of its 23 partner airlines. Those include American Airlines, British Airways, Korean Air and others. Bonus miles and the companion fare code should appear on your statement within two billing periods after you've met the spending requirement. The card has a $75 annual fee.

In addition to the bonus offer, you'll get one free checked bag on all Alaska Airlines flights for you and up to 6 companions on the same reservation. The Alaska Airlines credit card gives 3 miles per $1 spent directly with Alaska Airlines and 1 mile per $1 spent on all other purchases.

If you're a business owner, the Alaska Airlines Business Credit Card is very similar to the consumer card. It also offers a bonus of 40,000 miles plus a companion fare ticket for spending $2,000 in the first 90 days. Plus, you'll need at least good credit to qualify for either card.

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 online 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

1. Log in to your Bank of America account online.
2. Select the Bank of America Travel Rewards credit card.
3. Click on the “Rewards” tab.
4. 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.

To use the Alaska Airlines Credit Card companion ticket, log into your Alaska Airlines account, navigate to the “Discount and companion fare codes” section, and click the “Shop” button. When you make a reservation, your Alaska Airlines companion fare code will be automatically applied. You'll see it reflected in your shopping cart and on the “Available Flights” page. That said, the fare won't technically be redeemed until you click “Purchase” and review your reservation.

There are some rules for using your Alaska Airlines companion ticket. You must make the reservation on the Alaska Airlines website, and the companion ticket can only be used for Alaska Airlines flights. The reservation has to be for two people, booked in the same itinerary, and both people must be traveling together and ticketed simultaneously. Both the main flight and the companion flight must be purchased using your Alaska Airlines Credit Card, and you can't use a companion ticket with a fare bought with miles – though you can earn miles on both tickets.

When you get the Alaska Airlines Credit Card and spend at least $2,000 in the first 90 days, you get a companion ticket as part of an introductory offer. Also called “Alaska's Famous Companion Fare,” this deal allows you to buy a round-trip coach ticket on Alaska Airlines and receive a second round-trip ticket for $121 ($99 base fare plus at least $22 in taxes and fees). You also get a companion ticket every year on your account anniversary. The annual fee is $75.