(Bloomberg) -- Bank of America Corp. is adding a commercial credit card for on-the-go businesspeople in a bet that work travel will eventually return.The new Executive Explorer card will offer statement credits for travel perks such as expedited security clearance at airports and enhanced insurance for lost or delayed luggage, the lender plans to announce Wednesday. As much as $5,000 in baggage claims will be covered, compared with $2,000 for competitors’ cards, Bank of America said. The company
NEW YORK, August 04, 2021--Bank of America has launched a new commercial credit card that includes premium benefits for frequent business travelers and executives called Executive Explorer1. The card program offers generous statement credits for travel perks and enhanced insurance coverage2 that can help make traveling more enjoyable.
Bank of America (NYSE: BAC) just did something it rarely does -- reported revenue that fell short of analysts' estimates for the second quarter. In this Fool Live video clip, recorded on July 19, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss the numbers and whether investors should be concerned. Jason Moser: Let's talk about this Bank of America numbers because that's another one where I was looking through this call.