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.

• 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.
• 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.

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. Extended warranty on purchases. Free access to your credit score. 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.

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:

• Free Credit Score
• Extended Warranty Protection
• Zero fraud liability
• 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%.

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 report your account activity to credit bureaus?

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