MoneyGeek’s Take

BankAmericard® Credit Card Review

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BankAmericard® Credit Card

Rewards Summary
N/A
APR
15.74% - 25.74% variable
Annual Fee
$0
Recommended Credit
670-850 (good to excellent)
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WHY TRUST OUR REVIEWS

MoneyGeek follows a well-defined and meticulous review process for credit cards. We collect credit card information from the Consumer Financial Protection Bureau, standardize data points for easy comparison, estimate average spend profiles, determine the long-term value and carry out monthly re-ranking of the cards.

MoneyGeek’s BankAmericard® credit card review analyzes the card’s features and benefits. Its main appeal is its 0% APR for 18 billing cycles and on balance transfers that are made in the first 60 days. This gives you enough time to pay your balance without incurring any interest. Better yet, this card comes with a welcome bonus and no annual fee.

BankAmericard® credit card Overview

Quick Take

  • $0 annual fee
  • 0% purchase and balance transfer APR for the first 21 billing cycles, then a variable APR of 16.24% – 26.24%
  • No penalty APR
  • Balance transfer fee of $10 or 3%, whichever is greater
  • Foreign transaction fee of 3% (5% for overseas cash advances)
  • FICO Score for free

Important Card Details

When it comes to any card, it’s critical to review and understand the fine print. Taking the time to understand all aspects of the card can help you avoid being surprised by fees or interest rates.

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    Regular APR

    The BankAmericard® credit card comes with 0% APR for 18 billing cycles. Once that period ends, there is a variable APR of 16.24% – 26.24% based on your creditworthiness.

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    Balance Transfer Fee

    The balance transfer fee is 3% of each transaction or $10, whichever is greater.

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    Foreign Transaction Fee

    If you use this card outside the United States, you will be charged a foreign transaction fee of 3% for each transaction.

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    Cash Advance Fee

    There is a fee of $10 or 3% of the amount of each transaction for direct deposit and check cash advances. But for ATM, over-the-counter, same-day online and cash equivalent Cash Advances, expect a fee of $10 or 5% of the transaction amount.

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    Annual Fee

    The BankAmericard® credit card doesn’t charge an annual fee.

Additional Benefits

Aside from the 0% APR offer and welcome bonus, the BankAmericard® credit card has other key features worth considering.

  • FICO score access: You can access your FICO credit score for free through the Bank of America’s online banking portal or mobile app.
  • Contactless pay: The BankAmericard® credit card uses contactless chip technology, allowing you to make purchases quickly, easily and securely at various locations.
  • Fraud protection: The Bank of America will block potential fraud by detecting abnormal patterns in your card activity. Its cards also come with a $0 Liability Guarantee, protecting you from fraudulent transactions made by others using your account.
  • Customer service: You can contact BankAmericard® credit card customer service 24/7 for inquiries or assistance with your card.
  • Customer satisfaction: It’s important to consider how well a card issuer can meet your needs when choosing a credit card. Luckily, Bank of America ranked fifth in customer satisfaction among national issuers, according to J.D. Power’s 2021 U.S. Credit Card Satisfaction Study.

How the BankAmericard® credit card Compares To Other Cards

Because of its 0% introductory APR and lack of annual fee, the BankAmericard® credit card is good for individuals who want to consolidate debt or make a large purchase. However, other cards might be available that fit your needs better.

How the BankAmericard® credit card Compares

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BankAmericard® credit card

  • Introductory 0% APR: 21 billing cycles
  • Regular APR: 16.24% – 26.24% variable
  • Annual fee: $0
  • Balance transfer fee: 3% of transfer, $10 minimum
  • Best for: Those who want to finance a major purchase
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Citi® Diamond Preferred® Card

  • Introductory 0% APR: 12 months
  • Regular APR: 18.24% – 28.99% variable
  • Annual fee: $0
  • Balance transfer fee: 5% of transfer, $5 minimum
  • Best for: Those who want to take advantage of the Citi Easy Deals program

Frequently Asked Questions

What is the average credit score needed to get approved for a BankAmericard® credit card?
Does BankAmericard® credit card report to all three credit bureaus?
Is the BankAmericard® credit card application process lengthy? Can you prequalify?
What information is needed to apply for a BankAmericard® credit card?
Does the BankAmericard® credit card have good customer service or helpful information online?
Does the BankAmericard® credit card have a mobile app or the option to pay or manage your account online?
Does the BankAmericard® credit card raise credit limits automatically or charge for limit increases?
Does BankAmericard® credit card offer the option to freeze your credit/account or have other security features?
Does Bank of America offer other credit cards besides the BankAmericard® credit card?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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