If you’re wondering if your Bank of America credit card offers insurance for your rental car, you’ll find it depends on the card. BofA recommends contacting customer service to find out if the card you have offers rental insurance as a perk. Show Bank of America advertises auto rental collision damage waivers (CDWs) with only the Bank of America® Premium Rewards® Credit Card. However, it may offer the benefit, depending on the card. For example, Bank of America® Travel Rewards Credit Card‘s benefits guide includes auto rental collision waivers — even though its application page doesn’t list the benefit. A BofA rep we spoke to was unable to confirm whether every card included auto rental CDWs. He suggests cardholders reach out to Bank of America to confirm if your card includes this perk. The information in this article covers standard Visa car rental insurance benefits. Visa is the card network for products such as the Bank of America® Premium Rewards® Credit Card and Bank of America® Travel Rewards Credit Card. Where is Bank of America car rental insurance available?You can use Bank of America car rental insurance throughout the US and most countries. However, the benefit isn’t valid in Jamaica, Israel, the Republic of Ireland or Northern Ireland. With a Bank of America credit card that offers auto rental CDWs, you’re covered for:
How much am I covered for?The maximum reimbursement is the actual cash value of your rental vehicle. This is the replacement cost of the stolen or damaged vehicle, less depreciation costs. What does Bank of America car rental insurance not cover?Your Bank of America rental car CDW is invalid for:
Your auto rental CDW doesn’t cover everything. For example, it doesn’t apply if your vehicle is damaged or stolen because you violated the rental agreement. It also doesn’t cover your personal items if they’re damaged or stolen. Bank of America collision damage waivers are secondary or primary depending on where you’re renting your vehicle.
Whether you have personal auto insurance affects your Bank of America policy as well:
To activate your collision damage waiver policy, here’s what to do:
How to make a claim for Bank of America car rental insuranceCall the Bank of America benefit administrator within 45 days after damage or theft to your vehicle. A representative advises you on next steps, and tells you which information to submit for your claim. What to submit with your claimCollect the following information from the rental company:
In your claim, submit the information above as well as the following:
Submit this information within 365 days of the incident. If you’re having trouble obtaining certain documents within 90 days of the incident, submit what you have available to the benefit administrator. The cardholder is covered by your BofA card’s auto rental collision damage waiver. So are eligible drivers you list on each rental agreement. Bank of America offers an auto rental collision damage waiver with the Bank of America® Premium Rewards® Credit Card. It also offers the benefit with its other cards, albeit on a case-by-case basis. If you’re unsure whether your card offers an auto rental CDW, contact BofA to make sure. If these cards aren’t what you’re looking for, compare other cards with car rental insurance. Kevin Joey Chen was a credit cards, banking and investments writer for Finder. His work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. More guides on FinderDoes Bank of America travel Rewards cover car rental?Although plenty credit cards offer travel insurance and rental car benefits, the Bank of America® Travel Rewards credit card does not. However, it does provide a low introductory APR, a $0 annual fee and no foreign transaction fees, which is imperative when traveling abroad.
Does Bank of America premium rewards card have travel insurance?Benefits: The Bank of America Premium Rewards credit card comes with travel perks, including trip-delay reimbursement, trip-cancellation or -interruption insurance, baggage-delay insurance, lost-luggage reimbursement, emergency evacuation and transportation coverage and purchase protection and extended warranty ...
Does Bank of America credit card have insurance?Consumer protections you'll receive with the Bank of America Premium Rewards card include purchase protection, trip delay reimbursement, trip interruption and cancellation insurance, coverage for lost and delayed baggage, emergency evacuation and transportation coverage, return protection, extended warranty on eligible ...
Does Bank of America travel Rewards cover TSA PreCheck?Apply for Global Entry or TSA PreCheck
The Bank of America® Premium Rewards® credit card comes with a $100 Global Entry or TSA PreCheck application fee statement credit, valid every four years.
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