Review: BankAmericard® Credit Card

How to apply for the BankAmericard® Credit Card

1. Go to the Bank of America website and click Apply now.
2. Complete the application with details like your name, address, annual income and Social Security number.
3. Review and submit your application.

How long will it take to be approved?

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.

The perks

• Annual fee: $0. The card comes with a $0 annual fee, so it’s easy to keep long term. Keeping cards open can also help your credit score by increasing your average account age.
• Low intro APR. This card comes with a 0% intro APR on purchases and balance transfers for the 15 statement closing dates. After that, you could qualify for a relatively low ongoing APR, depending on your creditworthiness — as low as 12.99% variable.
• Balance transfer fee promotion. Transfer balances to the BankAmericard® Credit Card within the first 60 days your account is open, and pay no transfer fees.

  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.

You’ll also like …

• No penalty APR. If you miss a payment, you won’t be charged a penalty APR. Some banks raise your APR as high as 29.99% variable if you pay late.
• Free FICO score. Monitor your FICO score online or through Bank of America’s app.
• Overdraft protection. Link an eligible Bank of America checking account with your credit card to protect yourself from overdrafts.
• Security and safeguards. This chip-enabled card comes with $0 liability for fraud, ShopSafe online shopping protection and email and text alerts.

What to watch out for

• Foreign transaction fees. When you use this card outside the United States, you’ll pay 3% of each transaction in fees.
• End of intro APR. After the 15 statement closing dates, your 0% intro APR expires. Your outstanding balances will start accumulating interest at an APR of 12.99% to 22.99% variable.

How does a balance transfer work with this card?

• 1. Apply for the card.

  Request a balance transfer when you open your credit card, or request one later.

  You’ll need the account number of your existing balance. You’ll also need personal information like your income, employment details and Social Security number.

  For the first 60 days after you open your card account, you’ll pay no balance transfer fees. After that time, you’ll pay 3% or $10 of each transfer, whichever is greater.

• 2. Check for balance transfer time limits.

  For the BankAmericard® Credit Card, you’ll get a 0% intro APR for the 15 statement closing dates on balance transfers. After that, you’ll have a 12.99% to 22.99% variable APR.

  This rate applies only to balance transfers you make within the first 60 days your account is open. Call a Bank of America representative if you have questions.

• 3. Keep track of your balance transfer details.

  If your balance transfer qualifies, you’ll pay 0% APR on the balance for the 15 statement closing dates.

  This is an introductory APR. As long as you pay off the balance within the 15 statement closing dates, you won’t pay interest. If you still have a balance after that time, however, it’ll accrue interest at an APR of 12.99% to 22.99% variable.

What should I know before I apply?

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).

Information you’ll need

• Your name, residential status and residential address
• Your Social Security number and date of birth
• Your email address and phone number
• Financial information like your annual income, source of income and employment information

What credit score do I need?

You’ll have a better chance of approval for the BankAmericard® Credit Card if you apply with a credit score of 670 or higher.

BankAmericard® Credit Card reviews and complaints

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.

I got the card. Now what?

• Keep on top of spending. Use Bank of America’s online banking to monitor your spending, view statements and make payments.
• Avoid unnecessary interest. After your intro APR expires, you’ll start paying interest toward all outstanding balances. If you take out a cash advance, you’ll pay interest from the day of your transaction.
• Avoid fees. While you aren’t charged a penalty APR, late and returned payments come with fees of up to $40.
• Customer service. Call Bank of America Customer Support at 800-432-1000 or email using an online secure form. Connect on social media using Twitter or Facebook @BankofAmerica.

Compare balance transfer cards

Transfer amount

Current APR %

Calculate

Sort by:

Name	Product	Amount saved	Balance transfer APR	Balance transfer fee	Recommended minimum credit score	Filter values
Citi® Diamond Preferred® Card			0% intro for the first 18 months (then 14.74% to 24.74% variable)	$5 or 3% of the transaction, whichever is greater	670		An impressive 18 months intro APR on balance transfers and purchases, as well as no annual fee make this one of the top 0% APR cards available.	Apply now View details	Compare	loading Fetching your data...
Citi® Double Cash Card			0% intro for the first 18 months (then 13.99% to 23.99% variable)	$5 or 3% of the transaction, whichever is greater	670		Get a strong 18 month 0% intro APR on balance transfers AND up to 2% back. This is a rare card that offers both rewards and balance transfers.	Apply now View details	Compare	loading Fetching your data...
TD Cash Credit Card			0% intro for the first 15 months (then 12.99%, 17.99% or 22.99% variable)	$5 or 3% of the transaction, whichever is greater	680		3% on dining and 2% on groceries make this a valuable card for food purchases. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT	Apply now View details	Compare	loading Fetching your data...

loading

Prev

1 2

Next

Compare up to 4 providers

Clear selection

Compare

Bottom line

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.

Frequently asked questions

• Does the BankAmericard® Credit Card support digital wallet technology?

  Yes. Integrate your card with Apple Pay, Android Pay or Samsung Pay for easy digital payments.

• Does Bank of America offer a banking app?

  Yes. Download Bank of America’s free Mobile Banking app to check card balances, find cashback deals, pay your statements and more.

• When will I receive my card?

  You’ll typically receive your new card within 10 days of your application’s approval. Simply activate your card online or by phone to get started.

Images: BankofAmerica.com