Bank Of America Credit Card Rental Car Insurance

Bank of America cardholders receive many perks on rental car insurance, travel and credit cards too.

Bank of America is a financial corporation that lends financial services to Americans. With the cards that they lend users, some of them have different perks like car rental and insurance. It really depends on the kind of the card users have, so to know more about your specific card, it is best to contact customer care. 

Bank of America Travel Rewards Card Benefits Guide

The Bank of America Premium Rewards credit card offers two travel articulation credits users can use. To begin with, you can get up to a $100 air terminal security proclamation credit once like clockwork to balance the expenses for pursuing TSA Precheck or Global Entry. 

Also, you can get up to $100 in travel statement credits to balance airlines coincidental buys, for example, seat overhauls, stuff charges, in-flight administrations and aircraft lounge expenses. These credits ought to be consequently applied to your record once the charges post, yet check those conditions again and again to ensure they’re applied.

One great perk that comes with the travel rewards is reimbursement of trip delays. If you’ve had delays on a trip you planned, there can be a $500 reimbursement for you and your eligible family members. This is only if a trip is delayed due to a covered hazard or if you need to stay overnight. 

Moreover, if for a covered reason, your trip is cancelled, you might get a full refund on unused travel features like hotels, tours and passenger fares.

On the off chance that your trip is cancelled or interfered with, your stuff may get lost, as well. Baggage delay coverage presents to $100 every day for as long as five days when your luggage is deferred or misled by a typical transporter for over six hours. The inclusion is for basic things including clothes and is optional to any transporter based inclusion. Unfortunately, most times the baggage is permanently lost. For this situation, lost baggage repayment covers your luggage and its substance if they are lost or taken because of robbery or confusion by the normal transporter subject as far as possible and avoidance.

Does my Credit Card cover Rental Car Insurance?

Credit cards ordinarily just give crash harm inclusion, so you won’t be considered answerable for any burglary or harm to the rental vehicle. 

When you get your rental vehicle, you’ll have to choose whether you need to pay for the rental organization’s collision damage waiver (CDW). The waiver gets the obligation from you if any harms may cause while in your ownership. If your credit card gives free CDW security as a piece of its prizes, you can set aside some cash and try not to need to pay for the insurance you as of now have. 

Bank of America 

  • Vehicle rental protection is incorporated with all Bank of America credit cards
  • Visa cards cover 31 rental days straight and Mastercards cover 15 rental days straight. 
  • For Visa cards, it shields from burglary and harm up to the money estimation of most vehicles. 
  • For Mastercards, it conceals robbery and harms to $50,000 or less. 
  • Shields from loss-of-utilization and towing costs. 
  • Security is secondary coverage on all cards.

Bank of America Credit Card Benefits Guide

If you own a Bank of America Credit Card, there are certain benefits and perks that come with it. Let’s get into details.

Museums: If you love visiting museums and make a trip frequently, you must be hating the entry fees that come with each visit. Bank of America’s Museums on Us credit card benefit can help. Simply present your Bank of America, Merrill, or U.S. Trust credit card or debit card with a matching photo ID and you’ll get one free admission to participating museums.

Rewards Program: With the improved version of Bank of America’s rewards program, you can receive a cashback of 3% on these categories: gas, online shopping, dining, travel, drug stores and home improvement/furnishings. 

Bonus rewards: The Preferred Rewards Program by the Bank of America gives users a benefit of 25% to 75%- for gold members it is 25%, for platinum it is 50% and for platinum honors it is a cashback reward of up to 75%. The cards that qualify for this bonus are:

  • Bank of America Cash Rewards credit card
  • Bank of America Travel Rewards credit card
  • Bank of America Premium Rewards credit card
  • Most Bank of America branded consumer credit cards qualify as long as the account is open and in good standing.

Rental insurance: If a person is driving a rental car, all credit cards by the Bank of America offer collision and theft, meaning any loss or damage caused by collision will be compensated by reimbursing the amount. Moreover, Bank of America offers a roadside dispatch program in case you’re driving your car or a rental car and you need assistance. The program can provide emergency assistance, towing and locksmith services, but you have to pay for the cost of the service provided.

Purchase protection perks: If you have made a purchase with Bank of America’s credit cards, and the items are damaged or lost within 90 days of purchase, you can make a reimbursement claim of $10,000.

Does Bank of America Credit Card have Extended Warranty?

The Bank of America Cash Rewards card offers a maintenance agreement program that pairs the producer’s guarantee term, however just up to a limit of one extra year. The maximum coverage amount is $10,000, and cases must be documented inside 60 days of the loss event. 

Maintenance agreement benefits are commonly overseen with Visa installment organizations- American Express, Visa and Mastercard- as opposed to credit card issuers like Chase, Citi, Wells Fargo or your nearby bank. The only network that doesn’t offer service agreements is Discover, which discontinued in 2018. 


As a Bank of America cardholder, there are plenty of benefits on credit cards and rental car insurance. However, you need to make sure that you know exactly what kind of benefits are on what kind of a card. This being said, don’t get too impressed with the kind of card and apply, but if the card you choose is an absolute fit for you, apply today to start earning rewards and benefits. 

Sandra Johnson

Sandra Johnson

Sandra Johnson was a few years out of school and took a job as a life insurance agent in California, selling coverage door-to-door for Prudential. The experience taught her about the technical components of insurance and its benefits for individuals and society, as well as the misunderstandings people often have about insurance. She has over ten years’ experience in the insurance industry, having worked as both a Broker and Underwriter, assisting clients across a broad range of industries. At Insurance Noon, Sarah diligently gathers all the required information and curates up pieces to provide meaningful insurance solutions. Her personal value proposition is to demonstrate a genuine interest in always adding value for clients.Her determined approach to guiding clients has turned her into a platinum adviser to multiple insurers.

Insurance Noon is the world's leading source of insurance related content on the web, focusing on industry news, buying guides, reviews, and much more.