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BankAmericard Credit Card

BestCards Team

| Last updated on February 9th, 2024

BankAmericard® Credit Card

BankAmericard® Credit Card
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
Mastercard Processing Network
None Annual Fee

BankAmericard® Credit Card

  • 16.24% to 26.24% variable based on creditworthiness and Prime Rate Regular Purchase APR
  • 16.24% to 26.24% variable based on creditworthiness and Prime Rate Balance Transfer APR
  • 19.24% to 29.24% variable based on the Prime Rate Cash Advance APR
  • 0% for 18 months from account opening date Intro Purchase APR

At a Glance

The BankAmericard Mastercard is the balance transfer card designed for those who want a special intro rate and little else. The card features 0% intro APR on purchases and balance transfers for the first 18 months. The card also boasts no penalty APR and no annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • No interest charges on purchases and balance transfers for the first 18 months from the date of account opening
  • No penalty APR for late payments
  • No annual fee
  • Access your FICO® Score for free
  • Intro Purchase APR: 0% for 18 months from account opening date
  • Regular Purchase APR: 16.24% to 26.24% variable based on creditworthiness and Prime Rate
  • Intro Balance Transfer APR: 0% for 18 months for any balance transfers made within 60 days from account opening date
  • Balance Transfer APR: 16.24% to 26.24% variable based on creditworthiness and Prime Rate
  • Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 19.24% to 29.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $29
  • You plan to make a large purchase and use the card to pay off the balance over time
  • You have existing credit card balances to combine and pay down
  • You don’t want to pay an annual fee

In-Depth Review: BankAmericard® Credit Card 

Anyone looking for a longer introductory period will love the BankAmericard® from Bank of America. The no annual fee credit card features a dizzying 18 months of 0% APR, with that lengthy introductory period applying to purchases and balance transfers made within the first 60 days.

Who Can Benefit from BankAmericard?

If you have existing credit card debt and want to save on interest charges, the BankAmericard® Credit Card’s 0% introductory APR for balance transfers can be a significant advantage.

However, if you value a rewards program and want to earn cash back or travel rewards on your everyday purchases, you may find that other credit cards offer more enticing rewards programs.

How to Get the Card

Applying for the BankAmericard® Credit Card is a straightforward process. You can apply online through the Bank of America website or visit a local branch to complete an application in person. To increase your chances of approval, it’s important to have a good credit score and a stable income.

When applying for the BankAmericard® Credit Card, you will need to provide personal information such as your name, address, social security number, and employment details. Additionally, you may be asked to provide information about your income and any existing financial obligations.

After submitting your application, Bank of America will review your creditworthiness and determine if you qualify for the BankAmericard® Credit Card. If approved, you will receive your credit card in the mail within a few business days.

Promotional Financing Benefits

0% Intro APR for 18 Months

As noted, the BankAmericard comes with a special 0% intro APR for 18 months on purchases and balance transfers made within the first 60 days of account opening. Once that introductory period ends, you can expect a highly competitive, low APR that will vary based on your creditworthiness and the Prime Rate.

Those dual introductory periods propel BankAmericard toward the top of the list of the longest 0% intro APR periods. And with an excellent credit score, you can expect this card to be a reliable option for paying down existing credit card balances without fear of amassing further interest rates.

No Penalty APR

No penalty APR with this card further boosts the ability to pay down existing credit card debt. What is a penalty APR? It is the interest card issuers charge should a cardholder default on or miss their payments. While many cards have penalty APR rates hovering around 30%, BankAmericard has one that is 0%, meaning paying late won’t automatically raise your interest rate APR.

Other Card Benefits

Since this card is a Mastercard and Bank of America product, cardholders can expect a variety of valuable tools to help them make the most out of the card. These great features include a simple, online prequalification process to see if you qualify for the card before applying. Just some of the other excellent features that users can expect include:

Zero Liability Protection Mastercard Global Services ID Theft Protection


Not sure if Banknericard is right for you? Here is how the balance transfer credit card compares with two other similar offers from Wells Fargo and Citi:

BankAmericard® Credit Card Citi® Diamond Preferred® Card Wells Fargo Reflect Card
Annual fee None None None
0% Intro APR 21 months on purchases and transfers 21 months on transfers, 12 months on purchases 18 months on purchases and transfers
Network Mastercard Mastercard Visa

What We Like About BankAmericard

One of the major advantages of the BankAmericard® Credit Card is its 0% introductory APR for balance transfers. If you have existing credit card debt, this feature can help you save a significant amount of money on interest charges, allowing you to pay off your debt faster.

Additionally, the BankAmericard® Credit Card does not charge an annual fee, making it a cost-effective option for those who want to avoid unnecessary fees. This can be particularly beneficial if you’re looking for a credit card that offers great value without adding to your financial burden.

Things to Consider

While BankAmericard comes with two exceptional introductory APR periods, the card also charges fees that other banks may not. You’ll be on the hook for a balance transfer fee of either $10 or 3% of the amount of each transfer, whichever is greater when making transfers, which can add costs to any balance.

Here’s a quick explanation of how a balance transfer fee can increase what you owe over time:

With Balance Transfer Fees Without Balance Transfer Fees
0% intro APR length: 15 months 15 months
Balance transfer fee: 5% balance transfer fee No fee
Balance transfered: $1,000 $1,000
Total cost if balance repaid in 15 monthsL $50 $0

Bank of America Ratings

How does Bank of America stack up as a credit card issuer? Here is a selection of expert and consumer ratings for Bank of America:

Should You Apply for the BankAmericard Mastercard?

The BankAmericard Mastercard from Bank of America might not be the most appealing credit card offering today, but that’s not the role this card fills. The card is a potent balance transfer credit card that benefits from an intro APR offer and competitive APR daily.

The care offers 0% intro APR on purchases for the first 18 months, making it a great choice for anyone who wants to finance a significant purchase over the year – without fear of interest piling up.

While The BankAmericard might not have many flashy features, it is a no-nonsense card for people who can appreciate it. No annual fee, plus the usual Mastercard perks and protections, make this a decent option for those in the market for a card with great rates – and no bells or whistles.

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