MoneyGeek’s Take

BankAmericard® Credit Card for Students Review

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ByDoug Milnes, CFA
Reviewed byAlene Laney
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ByDoug Milnes, CFA
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Reviewed byAlene Laney
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Updated: June 13, 2024

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BankAmericard® Credit Card for Students

Rewards RateN/A
APR16.24% – 26.24% Variable
Annual Fee$0
Recommended CreditLimited–Fair
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The BankAmericard® Credit Card for Students is a good credit card for students who will make a large purchase soon or want to pay down existing debt while still in school. While it doesn’t have a rewards structure, you get a 0% APR for 18 billing cycles on purchases and balance transfers posted within the first 60 days after account opening. MoneyGeek’s BankAmericard® credit card for Students review further analyzes the card’s features and benefits to help you determine if it's the right option for you.

>>MORE: YOUR GUIDE TO CARRYING OUT BALANCE TRANSFERS WITH BANK OF AMERICA

BankAmericard® credit card for Students Overview

Quick Take

  • No annual fees
  • Intro APR offer on balance transfers and purchases for the first 18 billing cycles
  • Need to transfer balances within 60 days of account opening to qualify for the intro APR offer
  • 3% balance transfer fee (minimum of $10)
  • 3% foreign transaction fee
  • Get free access to your FICO score
  • $0$ liability guarantee

Important Card Details

Before you apply for the BankAmericard® Credit Card for Students, you need to review and understand the fine print, so you won’t be caught off guard by fees and rates.

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    Regular APR

    After the intro APR period, the card has a variable APR of 16.24% – 26.24%, based on your creditworthiness.

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    Annual Fee

    The BankAmericard® credit card for Students doesn’t have an annual fee.

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    Balance Transfer Fee

    This card has a 0% intro APR for 18 billing cycles on balance transfers made within the first 60 days. But you do pay a 3% or $10 fee (whichever is more) per transfer at that time and afterward.

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    Foreign Transaction Fee

    A 3% fee applies on transactions made with the card outside the United States.

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    Late Payment Fee

    If you miss the payment due date on this student credit card, you pay up to $40 as a penalty.

Additional Benefits

In addition to the long introductory APR period and no annual fee, the BankAmericard® Credit Card for Students has other key features worth noting.

  • Better Money Habits: Bank of America has an online resource center that provides tips and other information on how to handle credit, which is helpful to students.
  • Mobile app: You can use the Bank of America mobile app or online account portal to stay in control of your finances and make/schedule payments.
  • One-on-one appointment: If you want to connect one-on-one with a credit card specialist, you can set up an appointment that works for your schedule.
  • Zero liability protection: The BankAmericard® credit card for Students card comes with a $0 liability guarantee, which covers fraudulent transactions made by others on your account.
  • FICO score access: You can access your credit score for free through your online account or mobile app. Additionally, you can opt-in to receive your score, the key factors affecting your score and other information to keep your credit healthy.

How the BankAmericard® credit card for Students Compares To Other Cards

Our BankAmericard® Credit Card for Students review found it’s a good option for a student card if your focus is on financing a purchase or paying off high-interest debt without interest for a long period. Here’s how it compares to another card in the same category.

How the BankAmericard® credit card for Students Compares

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BankAmericard® Credit Card for Students

  • Annual fee: $0
  • Intro APR: 0% for 18 billing cycles
  • Regular APR: 16.24% – 26.24% variable
  • Rewards rate: None
  • Best for: Students who want to pay down debt or finance a large purchase interest-free
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Chase Freedom® Student credit card

  • Annual fee: $0
  • Intro APR: None
  • Regular APR: 19.99% variable
  • Rewards rate: 1%
  • Best for: Students who want to earn unlimited rewards

Frequently Asked Questions

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

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.
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