BankAmericard Credit Card
- Annual fee
- None
- Recommended credit
- Excellent / Good
- Card network
- Mastercard
- Intro purchase APR
- 0% for 18 months from account opening date
At a glance
The BankAmericard Mastercard is the balance transfer card designed for those who want a special intro rate and little else. The card features 0% intro APR on purchases and balance transfers for the first 18 months. The card also boasts no penalty APR and no annual fee.
Our review of the BankAmericard Credit Card
If you’re looking for a credit card with a longer introductory period, the BankAmericard® from Bank of America is worth considering. This no annual fee credit card offers an impressive 18 months of 0% APR on both purchases and balance transfers made within the first 60 days.
Who Can Benefit from BankAmericard?
If you have existing credit card debt and want to save on interest charges, the BankAmericard® Credit Card’s 0% introductory APR for balance transfers can be a significant advantage. However, if you prefer a rewards program for earning cash back or travel rewards, other credit cards may offer more enticing rewards.
How to Get the Card
Applying for the BankAmericard® Credit Card is a simple process. You can apply online through the Bank of America website or in person at a local branch. To increase your chances of approval, it’s important to have a good credit score and stable income. Personal information such as name, address, social security number, and employment details will be required during the application process.
Promotional Financing Benefits
- 0% Intro APR for 18 Months: Enjoy a special 0% intro APR for 18 months on purchases and balance transfers made within the first 60 days.
- No Penalty APR: BankAmericard does not charge a penalty APR, providing peace of mind for late payments.
- Other Card Benefits: As a Mastercard product, the card offers valuable tools such as Zero Liability Protection, Mastercard Global Services, and ID Theft Protection.
Comparison
Not sure if BankAmericard is right for you? Here’s how it compares to similar offers from Wells Fargo and Citi:
| Card | Annual Fee | 0% Intro APR | Network |
|---|---|---|---|
| BankAmericard® Credit Card | None | 18 months | Mastercard |
| Citi® Diamond Preferred® Card | None | 21 months on transfers, 12 months on purchases | Mastercard |
| Wells Fargo Reflect Card | None | 18 months | Visa |
What We Like About BankAmericard
The 0% introductory APR for balance transfers is a major advantage for those with existing credit card debt. The lack of an annual fee makes it a cost-effective option for those seeking value without added fees.
Things to Consider
While BankAmericard offers exceptional introductory APR periods, it does charge balance transfer fees, which can add costs to any balance transfer. It’s essential to consider these fees when deciding if the card is right for you.
Should You Apply for the BankAmericard Mastercard?
The BankAmericard Mastercard is a solid choice for those looking for a balance transfer credit card with competitive APR rates. With a 0% intro APR on purchases for 18 months and no annual fee, it’s a practical option for those seeking a straightforward card without flashy features.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- No interest charges on purchases and balance transfers for the first 18 months from the date of account opening
- No penalty APR for late payments
- No annual fee
- Access your FICO® Score for free
Who this card may suit
- You plan to make a large purchase and use the card to pay off the balance over time
- You have existing credit card balances to combine and pay down
- You don’t want to pay an annual fee
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Intro Purchase APR | 0% for 18 months from account opening date |
| Regular Purchase APR | 16.24% to 26.24% variable based on creditworthiness and Prime Rate |
| Intro Balance Transfer APR | 0% for 18 months for any balance transfers made within 60 days from account opening date |
| Balance Transfer APR | 16.24% to 26.24% variable based on creditworthiness and Prime Rate |
| Balance Transfer Transaction Fee | Either $10 or 3% of the amount of each transfer, whichever is greater |
| Cash Advance APR | 19.24% to 29.24% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 5% of the amount of each transaction, whichever is greater |
| Foreign Transaction Fee | 3% of the transaction amount in U.S. dollars |
| Late Payment Penalty Fee | Up to $40 |
| Return Payment Penalty Fee | Up to $29 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit Good Credit.
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BankAmericard Credit Card
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