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BankAmericard® Credit Card for Students review

Last updated:  

Get a long 0% intro APR period on balance transfers and purchases.

$0

Annual fee

0%

Intro Purchase APR

for the first 15 statement closing dates (then 14.74% to 24.74% variable)

0%

Intro Balance Transfer

for the first 15 statement closing dates (then 14.74% to 24.74% variable)

14.74% to 24.74%

Balance Transfer APR (variable)

Details

Product NameBankAmericard® Credit Card for Students
Card typeMastercard
Annual fee$0
Purchase APR0% intro for the first 15 statement closing dates (then 14.74% to 24.74% variable)
Balance transfer APR0% intro for the first 15 statement closing dates (then 14.74% to 24.74% variable)
Balance transfer feeNo balance transfer fees for the first 60 days (then $10 or 5%)
Balance transfer fee description$0 intro fee for transactions made within 60 days of opening your account
Cash advance rate17.74% to 26.74% variable
Foreign transaction fee3% of the transaction value
Interest free periodUp to 25 days
Late payment feeUp to $39
Returned payment feeUp to $28

The basics

This card differs from the standard BankAmericard® Credit Card in one major way — it’s made for students. Using the card, you’ll get one of the longest intro APR periods on balance transfers and purchases offered by any student credit card. That makes this card great for saving money on interest and for building credit.

That said, you won’t earn rewards on purchases made with the card.

Another credit card for students

Petal Cash Back Visa® Card

  • Up to 1.5% cash back after making 12 on-time monthly payments
  • 1% cash back on purchases right away
  • No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee
  • Build credit alongside tens of thousands of Petal Card members
  • Cash flow technology can help applicants without credit history get approved
  • $500 - $10,000 credit limits
  • Petal's mobile app makes it easy to manage your money, track your spending, and automate payments
  • See if you're pre-approved within minutes without impacting your credit score
  • Petal reports to all 3 major credit bureaus
  • No deposits required
  • Card issued by WebBank, member FDIC
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Card benefits

  • Intro APR period.
    You’ll get a 0% intro APR period for 15 statement closing dates on purchases and balance transfers made within the first 60 days of card membership. After that, a variable APR of 14.74% to 24.74% applies.
  • Free FICO score.
    You can build your credit and monitor your progress with free access to your FICO score either online or through your mobile app.
  • No annual fee.
    You won’t pay an annual fee to own the card.

What to watch out for

  • No signup bonus.
    You won’t earn any bonus points or cash back upon signup.
  • No rewards program.
    You won’t earn any rewards making purchases with this card.
  • Foreign transaction fees.
    You’ll incur a 3% fee of the amount of each transaction you make with the card abroad.

How to apply for the BankAmericard® Credit Card for Students

  1. Visit the Bank of America website and find the BankAmericard® Credit Card for Students.
  2. Click Apply now and fill out the application form.
  3. Review the form and submit.

What credit score do I need?

Apply with a fair credit score of 580 or higher, or with a limited credit history.

Compare student credit cards

Name Product Filter values Purchase APR Annual fee Recommended minimum credit score
26.99% variable
$0
580
Earn 1% cash back on all purchases or get 1.25% cash back for months you pay on time.
14.74% to 25.74% variable
$0
670
Build your credit with no fees: Apply if you're new to credit or have a fair to good score.
20.49% variable
$0
580
Designed for college students to build credit history and earn rewards.
24.74% variable
$0
650
Designed to help build credit history with no deposit required. Apply if you're new to credit or have a fair to good score over 650.
17.24% variable
$0
580
Credit card for professionals relocating to America without a US credit history.

Compare up to 4 providers

Bottom line

Students looking to save money on interest, whether it be on purchases or balance transfers, may find the BankAmericard® Credit Card for Students useful. The card has one of the longest intro APR periods offered to students, which can help you save money on interest. Note that you won’t earn any rewards on your purchases.

If you’re looking for a different type of card, make sure to compare other student credit card options.

Frequently asked questions

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