The BankAmericard® Credit Card is a no-annual-fee credit card that provides simple rewards and low interest rates for individuals looking to save on interest while building or improving their credit.
It’s ideal for those who want a reliable and affordable option with flexible benefits.
While it may not offer complex reward structures, it makes up for this with ease of use, basic features, and competitive rates.
This card offers introductory 0% APR on purchases and balance transfers for the first 18 billing cycles, which can help cardholders save on interest during the first months of use.
Additionally, the BankAmericard® Credit Cardoffers automatic credit line increases as a part of its credit-building efforts for those with good financial habits.
About Bank of America
Bank of America is one of the largest financial institutions in the United States, offering a wide array of services, including banking, investment, mortgage, and credit card products.
Founded in 1904, Bank of America has become an integral part of the global financial system, with over 66 million consumer clients and a vast network of branches and ATMs across the country.
Bank of America is known for its customer-first approach and provides innovative solutions to help customers manage their finances.
The company is committed to creating value for its customers by offering financial productsthat are tailored to their needs, including affordable credit cards like the BankAmericard®.
Who is this card for?
The BankAmericard® Credit Card is designed for:
- Individuals seeking to build credit: Whether you’re new to credit or looking to improve your score, this card offers a simple, no-frills option to help build or improve your credit history over time with responsible use.
- People with average credit scores: This card is perfect for those with fair or average credit who want to avoid high fees and interest rates, providing a great entry point into the world of credit cards.
- Those looking to save on interest: If you plan to carry a balance, the introductory 0% APR on purchases and balance transfers for the first 18 billing cycles can help you avoid paying interest during the first months of use.
- Consumers who want simplicity: For cardholders who prefer straightforward rewards and low maintenance, the BankAmericard® Credit Card is an ideal solution. There are no complicated points systems, just low-interest rates and basic features.
Card Advantages
The BankAmericard® Credit Card offers several key benefits:
- 0% Intro APR for 18 Billing Cycles: New cardholders can enjoy 0% APR on purchases and balance transfers for the first 18 billing cycles. After this period, the variable APR will apply, providing significant savings for those who need time to pay off large purchases or transfer existing debt.
- No Annual Fee: The BankAmericard® Credit Card comes with no annual fee, making it an affordable option for those who don’t want to pay extra just to own a credit card.
- Competitive Interest Rates: The variable APR after the introductory period is competitive, making it a solid choice for those who tend to carry a balance from month to month.
- Access to FICO® Score: Cardholders can access their FICO® score for free, giving them insight into their credit health and helping them stay on top of their finances.
- Automatic Credit Line Increases: Bank of America may offer automatic credit line increases for those who consistently demonstrate responsible credit management, giving you more purchasing power over time.
- Mobile Banking & Alerts: With the Bank of America mobile app, cardholders can easily manage their account, set up alerts for due dates, and make payments, helping you stay in control of your spending and credit.
- Fraud Protection: The BankAmericard® Credit Card offers zero liability protection for unauthorized transactions, giving you peace of mind knowing that you’re not responsible for fraudulent charges.
- No Foreign Transaction Fees: Cardholders can use the card internationally without worrying about foreign transaction fees, making it an excellent option for travelers.
Additional Benefits
- Convenient Online Account Management: Bank of America offers an easy-to-use online portal where cardholders can manage their accounts, track spending, and view transaction history.
- Integration with Digital Wallets: The card can be added to digital wallets like Apple Pay, Google Pay, and Samsung Pay, allowing for quick and secure payments using your mobile phone.
- Customer Support: Bank of America provides 24/7 customer support, ensuring that cardholders can get assistance whenever needed.
Fees and charges
Late Payment: Up to $40;
● Introductory APR: 0% for 18 billing cycles on purchases and balance transfers made within the first 60 days;
● Standard APR: 15.24% - 25.24%;
● Balance Transfer Fee: 3% fee on balance transfers in the first 60 days; afterward, 4%.;
● Cash Advance: 4% of the amount of each transaction.
Expert review
The BankAmericard® Credit Card is designed for individuals looking for a simple, no-frills card.
It offers a 0% intro APR on purchases and balance transfers for the first 18 billing cycles, making it a solid option for those looking to pay off existing debt.
With no annual fee, it’s cost-effective.
However, it has a high APR after the intro period and lacks rewards, which limits its appeal for everyday spenders.
You will remain on this site
+Positive points
- 0% intro APR: Get 18 billing cycles of 0% APR on purchases and balance transfers.
- No annual fee: Enjoy a $0 annual fee, making it a cost-effective choice.
- No penalty APR: Late payments won’t lead to an increased interest rate.
- Fraud protection: Comes with $0 liability for unauthorized transactions.
- FICO® Score access: Free monthly FICO® Score updates help you track your credit health.
- Negative points
- No rewards program: Does not offer cashback, points, or travel rewards.
- Balance transfer fee: Charges a 3% fee on transferred balances.
- High ongoing APR: After the intro period, the APR can be relatively high for those carrying a balance.