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Apply online for BankAmericard® Credit Card
About Our Ratings
Credit Needed
Excellent/Good

BankAmericard® Credit Card Review

Pros & Cons

  • This no annual fee card is perfect for someone looking for a low interest balance transfer.
  • 0% intro APR for 18 billing cycles on balance transfers made within the first 60 days of account open
  • Bank of America is regularly recognized for its strong fraud protections and detection efforts, so you can breathe a little easier with this card.
  • This no-frills card does not offer rewards for cardholders.

Top Features

Balance Transfer Intro APR
0% Intro APR
Balance Transfer Intro Period
for 18 billing cycles for balance transfers made in the first 60 days
Balance Transfer Fee
3% of the amount of each transaction or $10, whichever is greater
Purchase APR
11.74% - 21.74% Variable APR on purchases

Full Review

Amber Stubbs Managing Editor

BankAmericard® Credit Card Essentials

The BankAmericard® Credit Card is a great option for anyone looking to take advantage of balance transfers. This card does not charge an annual fee either, which is always a welcomed perk.

Cardholders will also be pleased to know that for the ninth year in a row, Bank of America has been recognized for its fraud prevention, detection and resolution with a Best Overall Identity, Safety in Banking Award from Javelin Strategy and Research.

BankAmericard® Credit Card’s best features:

  • Generous 0% intro APR for 18 billing cycles on qualifying balance transfers made in the first 60 days
  • No annual fee
  • Overdraft protection
  • Chip-enabled card usable in over 130 countries.
  • Text banking lets you get account information anywhere and anytime
  • $0 Liability Guarantee protects you if someone makes fraudulent purchases on your card

What Our Editors Like Most About the BankAmericard® Credit Card

This no-frill card allows cardholders to focus on the basics of card membership: how to use a credit card and make timely payments each month. BankAmericard® Credit Card also offers an introductory APR on balance transfers for 18 billing cycles (keep in mind that you have to make the transfers within 60 days of opening your account). The 18 billing cycle intro offer is one of the best on the market, just barely behind some of Citibank’s 21-month interest-free offerings such as Citi Simplicity® Card - No Late Fees Ever or Citi® Diamond Preferred® Card - however both these Citi cards require Excellent credit, while the BankAmericard® Credit Card requires Good or Excellent credit. The BankAmericard® Credit Card offers a $0 Liability Guarantee. In the event someone steals your credit card, or uses your account information to make unauthorized purchases, you won’t be on the hook. Text banking also makes managing finances easier, especially if you’re new to using a credit card. Send a text message to Bank of America and you’ll get an immediate reply with details on account balances, recent transactions and a searchable transaction history. This is a great way to keep your spending in check.

Potential Downsides of the BankAmericard® Credit Card

The biggest drawback with this card is the lack of rewards. There is no sign-up bonus, and no-going perks to take advantage of.  If you tend to leave a revolving balance on your credit card, this card may become expensive. There’s optional overdraft protection, which is nice, but because this card is designed as a tool to build credit, we don’t recommend getting into the habit of using this feature. Plus, there can be a $12 fee for each transaction, which should be avoided. Once the introductory APR has run out, this card is all about building credit history. We recommend learning the basics with the BankAmericard® then trying a new card with more perks once you’ve gotten the hang of it.   

How the BankAmericard® Credit Card Compares to Other Low Interest Cards

BankAmericard® Credit Card vs. the Chase Slate®

Neither of these cards charge an annual fee and both have an introductory balance transfer offer, but BankAmericard® Credit Card’s 18 billing cycle 0% intro APR offer only applies to balance transfers, while Chase Slate® sweetens the deal with a 0% Intro APR on Purchases and Balance Transfers for 15 months (which can be more appealing to consumers). Chase Slate® also has a slight advantage over BankAmericard® when it comes to penalty APR. Chase Slate® charges none(while BankAmericard® does), so paying late with Slate® won’t affect your interest rate.

BankAmericard® Credit Card vs BankAmericard Cash Rewards™ Credit Card

For consumers who want to level up and get cash back for money they planned to spend anyway, the BankAmericard Cash Rewards™ Credit Card is a good option. The card offers a $100 cash rewards bonus after you make at least $500 in purchases in the first 90 days. You also get 1% cash back on every purchase, 2% cash back on groceries and wholesale club purchases and 3% cash back on gas (on up to $2,500 in combined gas, grocery and wholesale club purchases quarterly). BankAmericard Cash Rewards™ Credit Card offers an intro APR for the first 12 Billing cycles on balance transfers and purchases, while BankAmericard® Credit Card’s 18 Billing Cycle offer doesn’t include purchases. For Bank of America and Merrill Lynch customers (or preferred rewards member) BankAmericard® Cash Rewards has a leg up — this card offers an accelerated rewards program: an additional 10%-75% bonus — BankAmericard® Credit Card does not include this feature.

BankAmericard® Credit Card vs. Capital One® Quicksilver® Cash Rewards Credit Card

Along with a flat 1.5 percent cash back on all purchases, the Capital One® Quicksilver® Cash Rewards Credit Card also offers a number of intro perks, including a $100 bonus after spending $500 in the first three months of account opening.

It does have a significantly shorter shelf life in terms of an intro APR offer – nine months as compared to the 18 billing cycles offered by the BankAmericard® Credit Card, so if you need a longer period to pay off an existing balance, the BankAmericard option is likely better for you.

If you’d like to earn some rewards with your credit card spending, however, the Capital One® Quicksilver® Cash Rewards Credit Card option does offer that opportunity.

Who Should Get This Card?

The BankAmericard® credit card is designed for people who need to build their credit rather than those who want to amass rewards. The BankAmericard® Credit Card is a great option for college students establishing their credit history or for first first-time credit cardholders who previously used cash or check for all their purchases.You’ll get just the basics with BankAmericard®, but this may be all you need.

This page was last updated on April 14, 2017

This card compared to other balance transfer cards

Balance Transfer Intro APR
0% Intro APR
0% Intro APR on Balance Transfers
0%*
Balance Transfer Intro Period
for 18 billing cycles for balance transfers made in the first 60 days
15 months
21 months*
Balance Transfer Fee
3% of the amount of each transaction or $10, whichever is greater
$0 Intro fee on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.
3% of each balance transfer; $5 minimum.
Purchase Intro
APR:
N/A
APR:
0% Intro APR on Purchases
Period:
15 months
APR:
0%*
Period:
21 months*
Purchase APR
11.74% - 21.74% Variable APR on purchases
15.74%-24.49% Variable 
14.24% - 24.24% (Variable) 
Annual Fee
$0.00
$0
$0*
Rates and Fees
CardRatings.com Editorial Staff

BankAmericard® Credit Card details

Balance Transfer Intro APR
0% Intro APR
Balance Transfer Intro Period
for 18 billing cycles for balance transfers made in the first 60 days
Purchase Intro
APR:
N/A
Purchase APR
11.74% - 21.74% Variable APR on purchases
Annual Fee
$0.00

What Bank of America says about this card

  • 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then 11.74% - 21.74% Variable APR
  • Balance transfer fee of either 3% of the amount of the transfer or $10 (whichever is greater) applies
  • No annual fee
  • Saves you more on interest when you transfer balances from higher rate credit cards
  • $0 Liability Guarantee, so you're not responsible for any fraudulent charges made on your account
  • Access your FICO® Score for free within Online and Mobile Banking

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Special offers
Currently available on the BankAmericard® Credit Card
0% Introductory APR for 18 billing cycles
For balance transfers made in the first 60 days, then 11.74% - 21.74% Variable APR

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Apply online for Chase Slate®

Chase Slate®

  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO(R) Score and Credit Dashboard for free
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Credit Needed:
Excellent/Good
Apply online for Citi Simplicity® Card - No Late Fees Ever

Citi Simplicity® Card - No Late Fees Ever

  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee... EVER.
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 14.24% - 24.24% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The same great rate for all balances, after the introductory period.
  • Save time when you call with fast, personal help, 24 hours a day - just say "representative"
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month.
Credit Needed:
Excellent/Good