BankAmericard® credit card review
This card has no annual fee, offers a $0 liability fraud protection plan – extremely helpful if someone steals your card – and text-banking, so you can get up-to-date account balance information anywhere, anytime.
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BankAmericard® credit card
- Balance Transfer Intro
- APR: 0% Intro APR
Period: for 18 billing cycles for any balance transfers made in the first 60 days - Balance Transfer Fee
- 3% of the amount of each transaction
- Regular APR
- 16.24% - 26.24% Variable
Credit Score: Excellent/Good
Key Features
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- No annual fee.
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
- Access your FICO® Score for free within Online Banking or your Mobile Banking app.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Editor Analysis:
- Enjoy IntroAPRRate, and balance transfers made within the first 60 days (then, RegAPR applies).
- With its text-banking feature, this no-annual-fee card is perfect for someone who wants to stay in control of their credit-card usage.
- This no-frills card does not offer rewards for cardholders, but that isn't unusual for a balance transfer-focused card.
card_name balance transfer offer
The CardName is a no-frills credit card that allows card members to focus on the basics of card ownership: how to use a credit card and make timely payments each month.
An attractive perk of the card_name is its lengthy intro APR period for purchases and balance transfers. An offer of IntroAPRRate, and for any balance transfers made in the first 60 days, is a solid feature. After the introductory period, RegAPR will apply. (Note: each balance transfer carries a fee: BalanceTransferFees)
Other card_name features include:
- No annual fee.
- No penalty APR. Paying late won’t automatically raise your interest rate. Other account pricing and terms apply.
- Access your FICO® score for free within the Bank of America online banking app, or your mobile banking app.
Potential downsides of the card_name
Perhaps the biggest drawback of the CardName is its lack of rewards. Once the introductory APR has run out, this card doesn’t offer anything in the way of rewards earning. If you don’t need the introductory balance transfer or purchase offer, you’d probably be better off with a card that offers you some rewards-earning opportunities.
Cardholders will be pleased to know though that Bank of America has been repeatedly recognized for its fraud prevention, detection and resolution by consumer advocacy groups. Plus, this card offers a $0 liability guarantee, so 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.
These are great perks, but also are not super unique, so again, if you’re not looking to transfer a large balance or for some extra time to pay off purchases and debts, you might want to consider a rewards-earning credit card. We compare a few notable options below.
How do cardholders rate the card_name?
CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results for the card_name:
| Current Scores | Past Scores | |
|---|---|---|
| Overall Score | 80.9 | 83.1 |
| Features Satisfaction | 7.9 | 8.2 |
| Customer Service | 8.3 | 8.5 |
| Website/App Usability | 8 | 8.5 |
| Likelihood of Continuing to Use | 8.6 | 8.5 |
| Recommend to a Friend/Colleague | 8 | 8.1 |
How does the card_name compare to other cards?
card_name vs. card_name
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The CardName offers intro 0% APR on balance transfers for 18 months (then RegAPR). Additionally, this card earns rewards on all purchases– unlimited 1% cash back when you buy, plus an additional 1% cash back when you pay for those purchases. To earn cash back, just pay at least the minimum balance due on time.
If it’s a balance transfer you’re looking for, both of these cards are solid options as they both offer a lengthy introductory APR period. If you want to earn ongoing rewards though, the card_name might be a better choice since it offers ongoing rewards on purchases and encourages responsible use by offering extra rewards once you pay your credit card statement on time. Citi is a CardRatings advertiser.
card_name vs. card_name
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Another solid option in the Bank of America family, but one that offers rewards (both a welcome bonus as well as ongoing rewards), is the CardName. This card offers a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening, plus 3% cash back in the category of your choice. Yes— in the category of your choice: gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases. Beyond that, you’ll earn 2% back at grocery stores and wholesale clubs up to $2,500 in combined choice category/grocery store/wholesale club spending each quarter, then 1%. You’ll also earn unlimited 1% on all other purchases falling outside of the bonus categories.
You can update your choice category for future purchases once each calendar month using the mobile banking app or online banking, or do nothing and it stays the same. Plus, if you’re a Bank of America Preferred Rewards client with the bank (based on your three-month average daily balance across qualifying accounts), you can earn 25%-75% more cash back on every purchase depending on your tier.
The CardName offers IntroAPRRate and for any balance transfers made in the first 60 days. After the intro period, a RegAPR will apply. Balance transfer fees also apply: balance_transfer_fees.
Is the card_name a good card?
The CardName is designed for people who need a quick balance transfer and time to pay off that balance interest-free rather than those who want to amass rewards. It’s a great option if you’re trying to avoid paying interest but had an unexpected expense that you need to make or have already made and now need to transfer. You’ll get just the basics with this card, but that may be all you need.
Frequently asked questions
Does the card_name_placeholder offer any rewards or cash back?
What credit score is needed for the card_name_placeholder?
Our Methodology
Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents’ scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to “How likely are you to recommend this card to a friend, coworker or family member?" was double weighted. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
