How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Advertising Disclosure
LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

BankAmericard® credit card Review

LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
4.6
BankAmericard<sup>®</sup> credit card
Intro APR
0% Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee applies to all balance transfers.
No Penalty APR
Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
Build Credit
Access your FICO® Score for free within Online Banking or your Mobile Banking app
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the BankAmericard® credit card best for?

The BankAmericard® credit card is a no-frills card with lengthy introductory APR periods on purchases and balance transfers and a $0 annual fee. It doesn’t offer ongoing value in the form of rewards, but it’s a great tool for paying off a big purchase over time or digging out of high-interest credit card debt.

Just note that when doing a balance transfer, you can never transfer debt between cards from the same issuer, so the BankAmericard® credit card should be used if the debt you want to transfer is not on another Bank of America card.

BankAmericard® credit card overview

    • 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee applies to all balance transfers.
    • No annual fee.
    • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
    • Access your FICO® Score for free within Online Banking or your Mobile Banking app.
    • Contactless Cards - The security of a chip card, with the convenience of a tap.
    • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 660 720 850
    Good/Excellent
  • Free access to your FICO® Score (when you opt in)
  • Use the card with Apple Pay®, Android Pay™ or Samsung Pay
  • Set alerts by email or text for when your payment is due

Intro Purchase APR

0% Intro APR for 18 billing cycles for purchases

Regular Purchase APR

16.24% - 26.24% Variable APR

Intro BT APR

0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days

Regular BT APR

16.24% - 26.24% Variable APR on balance transfers

Annual Fee

$0

Cash Advance Fee

See Terms

Foreign Transaction Fee

3%

Balance Transfer Fee

3% of the amount of each transaction.

Pros and cons

Pros

  • Lengthy intro APR periods
  • Reasonable balance transfer fee
  • $0 annual fee
  • No penalty APR

Cons

  • No rewards program

What we like about the BankAmericard® credit card

  • Intro APR on purchases and balance transfers

    Those planning a large purchase and hoping to avoid incurring interest payments will appreciate this card’s 0% Intro APR for 18 billing cycles for purchases. After, a 16.24% - 26.24% Variable APR applies.

    Meanwhile, if you’ve got high-interest debt on another card that you’re struggling to pay off, this card’s balance transfer offer could provide some breathing room with a 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days. After, a  16.24% - 26.24% Variable APR on balance transfers applies.

  • The balance transfer fee is reasonable

    There’s a balance transfer fee of 3% of the amount of each transaction. Some cards charge a balance transfer fee up to 5%, so 3% is reasonable.

  • No annual fee to carry the card

    With a $0 annual fee, you can use the BankAmericard® credit card to help you get out of debt without having to worry that it’s costing you to carry the card.

  • There's no penalty APR if you pay late

    Many cards increase your interest rate if you pay late or do not pay — that’s known as a penalty APR, and the BankAmericard® credit card doesn’t have that. However, payment history is the most important factor influencing your credit score, so you should always pay on time even when using a card with no penalty APR.

What to watch out for with the BankAmericard® credit card

  • You won't earn rewards

    If you want a card that earns rewards so you can keep it in your wallet after the intro APR ends, the BankAmericard® credit card might not be the card for you. Instead, you may want to consider a card that offers rewards in addition to an intro APR on balance transfers, such as the Citi Double Cash® Card.

Alternate balance transfer card

Compare it to the Citi Double Cash® Card

| Disclosures
Citi Double Cash® Card*
Citi Double Cash® Card
Learn More
on Citibank's secure site
N/A
19.24% - 29.24% (Variable)
$0
Earn 2% on every purchase with unlimited 1% cash back when you
  • Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
600 660 720 850
Fair/Good/Excellent
*The information related to the Citi Double Cash® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

If you want a card with a lengthy intro APR on balance transfers, as well as ongoing value after you’ve paid off your balance in the form of a cashback program, the Citi Double Cash® Card might be what you need.

The card offers an intro APR of 0% for 18 months on balance transfers. After that, a 19.24% - 29.24% (variable) APR applies. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.

There’s also an excellent flat-rate cashback program, so after you pay off your transferred balance, the Citi Double Cash® Card is worth keeping in your wallet. Cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24. The annual fee is $0.

Is the BankAmericard® credit card right for you?

If you need to transfer a balance from a credit card not issued by Bank of America, the BankAmericard® credit card gives you a long time to pay down your debt, and charges a reasonable balance transfer fee.

Consumers planning a big purchase will also appreciate the lengthy intro APR on purchases.

The BankAmericard® credit card‘s main weakness is that it doesn’t come with a rewards program to offer ongoing value after the intro APR ends. The Citi Double Cash® Card, on the other hand, offers a rewards program and an intro APR on balance transfers — but there is no intro APR on purchases.

Ultimately, if your sole focus is on using the BankAmericard® credit card to avoid incurring interest charges and have time to pay off debt, it’s an excellent option.

The information related to the BankAmericard® credit card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.