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BankAmericard® credit card

BankAmericard<sup><sup>®</sup></sup> credit card

BankAmericard® credit card

Intro APRs
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, 12.99% - 22.99% Variable APR will apply. A 3% fee (min $10) 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
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been 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?

BankAmericard® credit card details updated Sept. 9, 2021.

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

    • New Offer!  $100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening.
    • 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, 12.99% - 22.99% Variable APR will apply.  A 3% fee (min $10) 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.
  • Credit needed:
    680 850
    Excellent/Good
  • 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

12.99% - 22.99% 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

12.99% - 22.99% Variable APR

Annual Fee

$0

Cash Advance Fee

See Terms

Foreign Transaction Fee

3%

Balance Transfer Fee

Either $10 or 3% of the amount of each transaction, whichever is greater.

Pros and cons

Pros

  • Lengthy intro APR periods
  • Reasonable balance transfer fee
  • Sign-up bonus
  • $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 12.99% - 22.99% 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  12.99% - 22.99% Variable APR applies.

  • The balance transfer fee is reasonable

    There’s a balance transfer fee of either $10 or 3% of the amount of each transaction, whichever is greater. Some cards charge a balance transfer fee up to 5%, so 3% is reasonable.

  • Earn a sign-up bonus

    If you’re planning a big purchase, in addition to this card’s lengthy intro APR, you’ll appreciate that it offers the chance to earn a sign-up bonus. Earn a $100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening..

  • 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, consider a rewards card that also comes with an intro APR offer, such as the Citi® Double Cash Card – 18 month BT offer.

Alternate balance transfer card

Compare it to the Citi® Double Cash Card – 18 month BT offer

Disclosures |
Citi® Double Cash Card
Citi® Double Cash Card – 18 month BT offer
on Citibank's secure site
N/A
13.99% – 23.99% (Variable)
$0
Earn 2% on every purchase with unlimited 1% cash back when you
  • 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.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, 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).
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
660 850

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.

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.

For the intro APR period, enjoy 0% for 18 months on balance transfers. After that, a 13.99% – 23.99% (variable) APR applies. The balance transfer fee is 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. The annual fee is $0.

Compare the BankAmericard® credit card to similar cards

Comparison of four different credit cards
BankAmericard<sup><sup>®</sup></sup> credit card Citi<sup>®</sup> Double Cash Card – 18 month BT offer U.S. Bank Visa<sup>®</sup> Platinum Card Chase Freedom Flex℠
BankAmericard® credit card Citi® Double Cash Card – 18 month BT offer U.S. Bank Visa® Platinum Card Chase Freedom Flex℠
Apply Now
on Bank of America's secure site
Apply Now
on Citibank's secure site
Apply Now
on U.S. Bank's secure site
Apply Now
on Chase's secure site
Intro Balance Transfer Rate
0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days 0% for 18 months on Balance Transfers 0% intro APR for 20 billing cycles on Balance Transfers* 0% Intro APR on Balance Transfers for 15 months
Regular Balance Transfer Rate
12.99% - 22.99% Variable APR 13.99% – 23.99% (Variable) 14.49% - 24.49%* (Variable) 14.99% - 24.74% Variable
Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, whichever is greater. 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. Either 3% of the amount of each transfer or $5 minimum, whichever is greater Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. Then, either $5 or 5% of the amount of each transfer, whichever is greater.
Intro Purchase APR
0% Intro APR for 18 billing cycles for purchases N/A 0% intro APR for 20 billing cycles on Purchases* 0% Intro APR on Purchases for 15 months
Regular APR
12.99% - 22.99% Variable APR 13.99% – 23.99% (Variable) 14.49% - 24.49%* (Variable) 14.99% - 24.74% Variable
Annual Fee
$0 $0 $0* $0
Rewards Rate
Non-rewards card Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. None Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
Welcome Offer
$100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening. No bonus No bonus Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
BankAmericard® credit card Citi® Double Cash Card U.S. Bank Visa® Platinum Card Chase Freedom Flex℠

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, whereas the competing Citi® Double Cash Card does. However, 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.

Apply Now
on Bank of America's secure site