BankAmericard Credit Card Review

BankAmericard Credit Card is a credit card issued by Bank of America. If you're wondering whether BankAmericard Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 22.99%
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers, if you transfer the balance within 60 days of opening the account. After the introductory period, the fee is 3%.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Accepts cosigners. Bank of America is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

The Good	The Bad
0% APR balance transfer intro rate on balance transfers for up to 15 months. No balance transfer fee, if you transfer the balance within 60 days. After the intro period, the fee is 3% with a minimum of $10. 0% APR on new purchases during the first 15 months. No annual fee. Free access to your credit score. Identity Theft Protection. BankAmericard Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. Requires good to excellent credit. Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase.

Is there a BankAmericard Credit Card cash back or rewards program?

No, BankAmericard Credit Card does not offer a rewards program.

What are the BankAmericard Credit Card benefits?

BankAmericard Credit Card provides the following benefits:

• Free Credit Score
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for BankAmericard Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. BankAmericard Credit Card has higher than average purchase APRs.

BankAmericard Credit Card has a variable purchase APR of 22.99%. The card has a variable balance transfer APR of 22.99% . It also has a variable cash advance APR of 25.99% .

What are the fees for BankAmericard Credit Card?

The following fees apply to BankAmericard Credit Card:

BankAmericard Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $29
Late Payment Fee	up to $40

Does BankAmericard Credit Card report your account activity to credit bureaus?

Yes, BankAmericard Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for BankAmericard Credit Card

• Visit the BankAmericard Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.