Executives can now travel in even greater comfort thanks to the new Bank of America Executive Explorer Card. The new commercial card, which isn’t publicly available, offers the pinnacle of travel luxury and protection – but carries a steep $375 annual fee per user. Here is everything you need to know about Bank of America’s newest executive card – the Executive Explorer Visa.
About the Bank of America Executive Explorer Card
Bank of America has launched a new commercial credit card that provides C-suite executives with high-end travel perks and white-glove service. The new Bank of America Executive Explorer Card is an exclusive travel card that requires an existing Bank of America corporate or commercial business relationship – but provides those companies with impressive benefits for an equally impressive price tag.
World-Class Travel Perks for Executives
The Executive Explorer Card isn’t for everyday employees but rather for executives (hence the name). Because of this exclusivity, the card features a whopping annual fee of $375 per card. However, top brass can expect impressive benefits and protections that make traveling a breeze for this price tag.
The major perk with the Bank of America Executive Explorer Card is a $600 lounge access statement credit each year. This statement credit allows cardholders to purchase access to Admirals Club, Alaska Lounge, Delta Sky Club, United Club, and LoungeKey lounges worldwide.
The Executive Explorer Card also comes with a $100 airport fast track credit, which applies towards TSA Pre✓®, Global Entry, Nexus, or Registered Traveller application fees. Nexus allows pre-screened travelers to speed through U.S. Customs and Border Patrol at ports of entry in the U.S. and Canada quickly. At the same time, Registered Traveller offers security fast-track in the U.K.
Other travel benefits of the new card include:
- Up to $5,000 in baggage delay and lost luggage insurance
- Travel accident insurance
- White-glove servicing
- Ride-share protection
- Cell phone protection of up to $1,200 per year
- Legal assistance
- Employee misuse/abuse insurance
- Travel emergency assistance
- Emergency evacuation and transportation
- Visa Concierge services
“The Right Product for Executives and Road Warriors”
Bank of America believes the new executive credit card is the perfect option for companies set to resume global travel after the coronavirus lockdowns of 2020. “We wanted this to be the right product for executives and road warriors,” said Jennifer Petty, Bank of America’s head of global card and comprehensive payables in global transaction services, in an interview with Bloomberg. Bank of America believes corporate travel will reach pre-pandemic levels by 2022.
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