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finder.com’s rating: 4.6 / 5
★★★★★
$0
Annual fee
0%
Intro purchase APR
for the first 15 statement closing dates (then 12.99% to 22.99% variable)
0%
Intro balance transfer
for the first 15 statement closing dates (then 12.99% to 22.99% variable)
12.99% to 22.99%
Balance transfer APR (variable)
Annual fee | $0 |
---|---|
Welcome Offer | N/A |
Rewards | N/A |
Purchase APR | 0% intro for the first 15 statement closing dates (then 12.99% to 22.99% variable) |
Balance transfer APR | 0% intro for the first 15 statement closing dates (then 12.99% to 22.99% variable) |
Recommended minimum credit score | 670 |
Issuer | Visa |
Review by
Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.
Because conditional approval is automated on the Bank of America website, you’ll often get a decision within minutes. In some cases, you’ll need to wait a few business days to a few weeks to receive a response.
This is half of the one–two punch that makes the card so special. Intro APRs can sound great, until you realize how much you have to pay in balance transfer fees. Few cards waive those fees, making the BankAmericard® Credit Card a stellar pick if you want a zero-cost transfer.
Your typical credit card comes with a fee for each balance transfer — usually 3% for each transaction. That means on a $10,000 balance transfer, you might pay $300 in fees.
Not so with the BankAmericard® Credit Card. If you transfer the same $10,000 within the first 60 days your account is open, you’ll pay $0 in fees.
That’s one of the reasons the BankAmericard® Credit Card is such a strong choice: You can transfer your debt for nothing, as long as you do so within the time limit. Very few cards offer this promotion, making the BankAmericard® Credit Card that much more special.
To apply for the BankAmericard® Credit Card, you must be at least 18 years old (or at least 21, if you’re a permanent resident of Puerto Rico).
You’ll have a better chance of approval for the BankAmericard® Credit Card if you apply with a credit score of 670 or higher.
Cardholders generally like the BankAmericard® Credit Card‘s intro APR, though some think the card isn’t very useful after that rate expires.
Bank of America itself earns a Trustpilot score of 1.3 out of 5 at the time of this writing. Most negative reviews cite unhelpful customer support. Positive reviews often point to the bank’s easy-to-use website.
Bank of America also earns a A+ rating from the Better Business Bureau as of October 2020 and has been accredited since 1949.
The simple BankAmericard® Credit Card may work best if you want an option to pay down existing debts. It’s a great choice for balance transfers, as it combines a no-transfer-fee offer with an intro APR.
Images: BankofAmerica.com
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