$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, 13.24% - 23.24% 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.
BankAmericard® credit card Review
April 1, 2022
Who is the BankAmericard® credit card for?
The BankAmericard® credit card is an introductory credit card aimed towards those looking for a simplistic solution to their credit needs minus all the interest that comes with it. There are no ongoing rewards or noteworthy perks, instead, the offer is built around a competitive 0% intro APR period on balance transfers and purchases making it a great option for those looking to pay off debt or finance a large purchase.
This offer from Bank of America® also caters to people that want a transparent and easy-to-use credit card. The card is completely free to own - there is no annual membership fee, cardholders also get monthly updated access to their FICO® scores for no extra charge.
Focus on Financial Wellness
The ultimate reason behind opting for credit cards like these is to take advantage of the 0% intro APR and the BankAmericard® credit card does that exceptionally well. The 0% intro APR applies to both, purchases and balance transfers, for 18 billing cycles. After the intro period ends, the rate goes up 13.24% - 23.24% (Variable) on both purchases and balance transfers. Savvy cardholders will get the most out of their card during this time by paying off existing debt and financing large purchases. Also, this card will give you access to credit education and budgeting topics to increase your personal finance knowledge.
Rewards
Bank of America® offers a $100 statement credit online bonus to cardholders who spend at least $1000 on purchases within the first 90 days of account opening. There is no formal rewards program; that isn't what the BankAmericard® credit card is about - it can't earn you bonus points or cash back but it can help you get your debt to a point where you don't need to worry about it.
No Annual Fee
This credit card compensates for its lack of rewards and benefits by eliminating the annual fee. This aspect certainly increases the appeal of this card to fee-averse cardholders as it costs absolutely nothing to own this card.
Services and Protections
Bank of America® has won numerous awards for its online and mobile banking services, which you have access to as a BankAmericard® credit card user. The online and mobile services can be used to make payments, transfer balances, check your credit, and set alerts related to your account. Their user-friendly applications make a big difference for those who seek a simpler interface to deal with.
The card is a digital wallet enabled, which means you can make contactless payments via Apple Pay®, Google Pay™, and Samsung Pay. This adds to the convenience factor of the credit card as you can just tap your phone to the card reader to make payments.
Consumer protection is an important aspect of every credit product. In this case, the BankAmericard® credit card gives you a $0 liability guarantee on fraudulent transactions. This protects you from financial liability in case of information theft and unauthorized transactions.
Cautions
As a BankAmericard® credit card user, you should focus on making timely payments. Even though there is no penalty APR, late payments can still result in you being charged a $40 fee. Also, large transactions that increase the risk of late balance payments should be avoided due to the potential of damaging your credit score.
This card is not optimal for international usage because it levies a 3% fee on foreign transactions. International transactions can add up so it is recommended that you carry travel-friendly cards with lower or no fees when traveling overseas. Our recommendation is to use this card to consolidate your debt or finance a large purchase, and then acquire a new travel rewards card - which typically comes with no foreign transaction fees.
Conclusion
The BankAmericard® credit card offers a compelling set of features to those looking for a convenient, no-nonsense balance transfer card. With no annual fee and an 18-billing cycle long intro APR period on purchases and balance transfers, this card is marketed towards those that don’t want much out of their card. The card’s biggest strength lies in its simplicity: it just works.
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