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The Bank of America Travel Rewards card is an excellent option for those who love to travel and want to earn rewards on their spending. This credit card not only rewards users for their spending, but it also comes with travel insurance benefits that can provide peace of mind when traveling. In this article, we will explore the travel insurance benefits that come with the Bank of America Travel Rewards card.
What is the Bank of America Travel Rewards Card?
The Bank of America Travel Rewards card is a credit card that rewards users for their spending. With this card, users earn 1.5 points for every dollar spent on purchases. These points can then be redeemed for travel expenses such as flights, hotels, and rental cars. The card also comes with no foreign transaction fees, making it a great option for those who travel internationally.
What Travel Insurance Benefits Does the Card Offer?
The Bank of America Travel Rewards card offers several travel insurance benefits for cardholders. These benefits include:
- Trip Cancellation/Interruption Insurance: If a trip is canceled or interrupted due to a covered reason, such as illness or severe weather, cardholders could be reimbursed up to $1,500 per person and $6,000 per trip.
- Auto Rental Collision Damage Waiver: Cardholders can decline the rental company’s collision insurance and be covered up to the actual cash value of the rental vehicle in case of theft or damage.
- Travel Accident Insurance: Cardholders can be covered for accidental death or dismemberment while traveling on a common carrier (such as a plane, train, or bus) when tickets are purchased with the card.
- Lost Luggage Reimbursement: If checked or carry-on luggage is lost or damaged, cardholders can be reimbursed up to $3,000 per trip.
How to Use the Travel Insurance Benefits
In order to use the travel insurance benefits that come with the Bank of America Travel Rewards card, cardholders must pay for their travel expenses with the card. If an incident occurs that is covered by the insurance, the cardholder should contact the benefit administrator as soon as possible. The benefit administrator can provide assistance with filing a claim and will give instructions on any additional documentation required.
Are There Any Limitations?
While the travel insurance benefits that come with the Bank of America Travel Rewards card are extensive, there are limitations to what is covered. For example, the trip cancellation/interruption insurance only covers cancellations or interruptions due to covered reasons such as illness, injury, or severe weather. It does not cover cancellations due to other reasons such as a change of plans or a work-related issue. It is essential to read the credit card’s terms and conditions carefully to understand what is and is not covered.
Conclusion
The Bank of America Travel Rewards card is an excellent option for those who love to travel and want to earn rewards on their spending. The travel insurance benefits that come with the card are a valuable addition, providing peace of mind and protection when traveling. As with any credit card, it is essential to read the terms and conditions carefully before using it and to understand the limitations of the travel insurance benefits.
Frequently Asked Questions
Does the Bank of America Travel Rewards card come with travel insurance?
Yes, the Bank of America Travel Rewards card comes with several travel insurance benefits, including trip cancellation/interruption insurance, auto rental collision damage waiver, travel accident insurance, and lost luggage reimbursement.
What is the trip cancellation/interruption insurance limit?
The trip cancellation/interruption insurance limit is up to $1,500 per person and $6,000 per trip.
Do I need to pay for my travel expenses with the Bank of America Travel Rewards card to use the travel insurance benefits?
Yes, in order to use the travel insurance benefits that come with the Bank of America Travel Rewards card, cardholders must pay for their travel expenses with the card.