Who is BankAmericard Credit Card Designed For?

The BankAmericard Credit Card is designed for people who want a simple, straightforward credit card with a low APR, a long 0% APR introductory rate on balance transfers, and no annual fee.

What are the Rates for BankAmericard Credit Card?

BankAmericard Credit Card has rates ranging from 11.49% APR to 21.49% APR for purchases and balance transfers, depending on credit. It has an 18-month 0% APR introductory rate on balance transfers. This is one of the longest intro rate periods in the business. Cash advances come with a rate of 14.49% APR to 25.49% APR.

Heads up on the penalty rate! Cardholders who are late on a payment can be hit with a 29.99% APR penalty rate that will most likely stay with them for as long as the account is open.

What Are the Fees for BankAmericard Credit Card?

The BankAmericard Credit Card has no annual fee. However, it does have a 3% foreign transaction fee, a $10 or 3% (whichever is greater) cash advance fee, a $10 or 3% balance transfer fee, and a $10 or 5% fee on wire transfer purchases with non-financial institutions, such as Western Union or MoneyGram. There is also $37 fee on late payments and a $27 fee on returned payments.

What Is BankAmericard Credit Card's Rewards Program Like?

BankAmericard Credit Card doesn't have a rewards program.

What about BankAmericard Credit Card's Signup Bonus?

BankAmericard Credit Card doesn't have a signup bonus. This is a lean, mean, no gimmicks kind of card that doesn't offer bonuses, rewards, or perks. 

Does BankAmericard Credit Card Have Any Other Benefits?

BankAmericard provides understated yet practical benefits such as $0 liability guarantee and a ShopSafe service, which provides a temporary credit card number so your real number is protected while you shop online.

How Is BankAmericard Credit Card Better Than Other Credit Cards?

The BankAmericard Credit Card doesn't offer much in the way of rewards and benefits, but it is great at what it does do. It has an 18-month 0% intro rate on balance transfers: one of the longest available. Once the intro rate expires, it continues offering a low standard APR.

The BankAmericard doesn't have a rewards program or a signup bonus, but if you're looking for a no-hassle, low APR credit card with no annual fee and a long intro rate, the BankAmericard is certainly worth a second look.

  • Card Type
    • Low APR
    • Balance Transfer
  • Customer Type
  • Card Network
  • Credit Score Range
    700 - 850
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Grace Period / Deferred Interest
  • Late Payment Penalty
  • Minimum Interest Charge
  • Returned Payment Fee
  • Foreign Currency Transaction Fee
  • No Annual Fee
  • Fraud Liability
  • Free FICO Score
  • Penalty APR
  • Purchases APR
    11.49% - 21.49%
  • Transfer Fee
    3% ($10 minimum)
  • Balance Transfer APR
    11.49% - 21.49%
  • Intro APR period (months)
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0 votes

The customer service at B of A lacks a lot, unfortunately. When I called to have them explain why they seemingly randomly lowered my credit score, no one could give me a straight answer. And I say no one, because I ended up talking to about 3 people. That was frustrating in itself, considering I never got an answer.

0 votes

I was paying off my high interest credit card that I transferred to this card and everything was going fine until I was late on a payment. DO NOT BE LATE. Being late triggered a bad result of me losing the zero percent and reverting to 29.99%!! The highest possible. Now I am going to lose money in interest like crazy, as this rate is much higher than the original rate.

0 votes

I was hoping that after I the introductory period for this card that I was going to be getting the low interest rate from here on out, but they gave me 16%. I'm not really thrilled with that. I know it's not the highest at almost 21%, but my credit score is 765, so I figured I should get the best interest rate they have. Not so :(.

0 votes

This card did what I wanted it to, which was allowed me to pay off a high interest credit card that had been dogging me for a few years. I also like the no annual fee. After the 15 month payoff period, they gave me a pretty good interest rate of 12 percent, so I'm keeping the card for other things.

0 votes

In order to take full advantage of the 15 month 0% offer that this Bankd of America Visa card gives you, you must make any purchases or transfers within the first 60 days. I made the mistake of making a purchase on day 65 and it didn't fit the criteria. As a result, I had the items I originally put in prior to the 60 days on the account with the new purchase that was charged interest. Very confusing and frustrating.

0 votes

Pretty nice card that gives you 15 whole billing cycles to pay off other high interest cards. Doing this saved me more than $2,000 and enabled me to pay off those old cards. I like the zero annual fees. Just keep in mind that there are 2% transfer fees, so you want to make it worth your while and get things paid off.

0 votes

About the only thing I see going for this credit card is the zero percent introductory rate. Otherwise, once you use that feature, it isn't all that great of a card. There are no reward points and there is a balance transfer fee and foreign transaction fee and stiff penalties for being late. There isn't an annual fee, fortunately.

0 votes

B of A isn't happy unless you do all of your banking with them. For that reason, they give you perks when you have checking/savings with them. The trouble is that you can lose all the benefits of that bonus if you have to pay fees on your checking account. Honestly, I think they get you coming and going.

0 votes

Not sure what went on with this card for me. I got it several months ago and used it like I think you're supposed to. I paid off a high interest credit card and then for about 3 months I didn't use the card. Well, they lowered my credit line from the original 1500 to 500. I called and they said that since I hadn't used it, I didn't need it. How did they know I wasn't about to use it? Weird.

0 votes

Yes, the zero percent interest rate for 15 months is awesome, but this is B of A, so don't forget that. I did use it to pay off a large credit sum I transferred, but they did get their 3% transfer fee and even though they say that after the promotion period they would charge between 10.99 and 20.99 percent, even though I have great credit, I got the 20.99 percent. I still had a couple of months to pay off the original amount, so that interest rate definitely ate ... into my interest savings. More Less

0 votes

I would suggest using the credit limit you get to the utmost with this card during the introductory zero percent period, because if you don't they will lower your credit limit. I had read about it happening to other people and I was surprised one day to go online after having had the card for a month to find that mine had been reduced by $500. I was just about ready to use that final portion for the zero percent perk before the 60 days was up and it was ... gone! More Less

0 votes

I'm a little leery of B of A credit cards, as I've had a few and the experiences were not always the best. I got this card with very little effort and got a pretty good CL of $2000, which I thought was nice. I was impressed with the fact that they have the 15 month no interest deal, as that is a really long time by industry standards. Maybe this time I'll have a better B of A experience.

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