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  BankAmericard® Credit Card for Students

BankAmericard® Credit Card for Students

in Personal Credit Cards from Bank of America

Unaffiliated

BankAmericard® Credit Card for Students

Unaffiliated

in Personal Credit Cards from Bank of America

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Highlights
Highlights
Purchase APR  (Variable APR) 14.49% - 24.49%
Balance Transfer APR  (Variable APR) 14.49% - 24.49%
Credit Score Range 600 - 850
Annual Fee $0

BankAmericard® Credit Card for Students Review

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

Key Takeaways
  • 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.
  • Competitive APRs. BankAmericard® Credit Card for Students has a variable purchase APR that ranges from 14.49% up to 24.49%.
  • 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.
  • Student credit card. This card is geared toward students. In other words, college students with limited credit history and low incomes can still apply, especially if they have a cosigner ready to vouch for them.
  • 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.
  • Fair or better credit required. You stand a chance of qualifying if your credit score is not below 600.
BankAmericard® Credit Card for Students Pros & Cons
The Good The Bad
  • Lower than average purchase APRs.
  • 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 .
  • No annual fee.
  • Considers applicants with fair or poor credit.
  • BankAmericard® Credit Card for Students reports to multiple credit bureaus.
  • 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.
BankAmericard® Credit Card for Students FAQ

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

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

What are the BankAmericard® Credit Card for Students benefits?

BankAmericard® Credit Card for Students provides the following benefits:

  • Reports to major credit bureaus

What are the relevant APRs for BankAmericard® Credit Card for Students?

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 for Students has lower than average purchase APRs.

BankAmericard® Credit Card for Students has a variable purchase APR that ranges from 14.49% up to 24.49%. The card has a variable balance transfer APR that ranges from 14.49% up to 24.49%. It also has a variable cash advance APR that ranges from 17.49% up to 27.49%.

Does BankAmericard® Credit Card for Students have an introductory APR offer on balance transfers?

Yes, BankAmericard® Credit Card for Students offers an introductory APR rate on balance transfers of 0% for a period of up to 15 months.

BankAmericard® Credit Card for Students Balance Transfers
Description
Balance Transfer APR 14.49% - 24.49%
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period (months) 15
Balance Transfer Fee % 0%
Balance Transfer Fee % After Intro Period 3%
Balance Transfer Fee Intro Period (days) 60
Balance Transfer Fee Minimum $10

Does BankAmericard® Credit Card for Students have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases

BankAmericard® Credit Card for Students Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period (months) N/A

What are the fees for BankAmericard® Credit Card for Students?

The following fees apply to BankAmericard® Credit Card for Students:

BankAmericard® Credit Card for Students 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 for Students have a foreign transaction fee?

BankAmericard® Credit Card for Students charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

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

BankAmericard® Credit Card for Students 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 can help improve your credit.

How to apply for BankAmericard® Credit Card for Students

  • Visit the BankAmericard® Credit Card for Students 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 3%
Minimum Cash Advance Fee ($) Starting at $10
Foreign Currency Transaction Fee 3%
Minimum Interest Charge $1.50
Returned Payment Fee Up to $29
Late Fee Amount Up to $40
Customer Type Student
Minimum Age 18
Co-signing Allowed  
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
Rewards Type No Rewards
Cash Advance APR (Variable APR) 17.49% - 27.49%
Balance Computation average daily balance (including new purchases).
Purchase APR (Variable APR) 14.49% - 24.49%
Balance Transfer Fee % After Intro Period 3%
Balance Transfer Fee Intro Period 60 days
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 15 months
Balance Transfer APR (Variable APR) 14.49% - 24.49%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 0%

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