BankAmericard® review: A best 0% APR credit card winner

This card has no annual fee, 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.

By Jennifer Doss  CardRatings Editor  | Updated

Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers (terms apply) from our partners. How we make money.

BankAmericard® credit card

BankAmericard® credit card
Our Rating:   
on Bank of America's secure website

CardRatings Editor's Analysis: Pros & Cons

  • Save with introductory 0% interest on purchases and on balance transfers made within the first 60 days for the first 18 billing cycles (then, 12.99% - 22.99% Variable APR on purchases).
  • 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.
  • Rest assured with fraud liability protection.
  • This no-frills card does not offer rewards for cardholders, but that isn't unusual for a balance transfer-focused card.


The BankAmericard® credit card is a no-frills credit card that allows card members to focus on the basics of card membership: how to use a credit card and make timely payments each month.

An attractive perk of the BankAmericard® is its lengthy intro 0% APR period for purchases and balance transfers. At 18 billing cycles for purchases, and for any balance transfers made in the first 60 days, this is a solid feature, landing the BankAmericard® a spot on our editor's choice best credit cards for balance transfers list. After the introductory period, 12.99% - 22.99% Variable APR on purchases will apply. (Note: each balance transfer carries a fee. Either $10 or 3% of the amount of each transaction, whichever is greater. )

Other BankAmericard® best 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.

Top Features

 Purchase Intro APR
0% Intro APR for 18 billing cycles for purchases
 Purchase Intro
0% Intro APR for 18 billing cycles for purchases
18 billing cycles
 Regular APR
12.99% - 22.99% Variable APR on purchases


Perhaps the biggest drawback of the BankAmericard® credit card is its lack of rewards. There is no signup bonus nor any ongoing rewards to take advantage of. 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.


CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results:

2020 Scores 2019 Scores
Overall Score 83.8 77.4
Features Satisfaction 8.1 7.5
Customer Service 8.7 7.9
Website/App Usability 8.3 8.1
Likelihood of Continuing to Use 9.0 8.5
Recommend to a Friend/Colleague 8.4 7.6


BankAmericard® vs. Citi® Double Cash Card

The Citi® Double Cash Card - 18 month BT offer offers intro 0% APR on balance transfers for 18 months (then 13.99% – 23.99% (Variable)). 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 0% APR period. If you want to earn ongoing rewards though, the Citi® Double Cash Card 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.

BankAmericard® vs. Bank of America® Customized Cash Rewards

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 Bank of America® Customized Cash Rewards credit card. 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! (Between these six categories: gas, online shopping, dining, travel, drug stores or home improvement/furnishings.) 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 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 Bank of America® Customized Cash Rewards credit card offers an intro 0% APR period for 15 billing cycles for purchases and for any balance transfers made in the first 60 days. After the intro period, a 13.99% - 23.99% Variable APR on purchases will apply. (Note: each balance transfer carries a fee. Either $10 or 3% of the amount of each transaction, whichever is greater.)

BankAmericard® vs. Chase Freedom Flex℠

The Chase Freedom Flex℠ offers a 0% intro APR on purchases for 15 months, then a 14.99% - 23.74% Variable APR. The BankAmericard® has a slight advantage here offering introductory 0% interest on purchases and on balance transfers made within the first 60 days for the first 18 billing cycles.

The Freedom Flex℠ card from Chase also offers a number of benefits that the BankAmericard® does not, including uncapped cash-back rewards earning potential and a generous new cardholder bonus. With the Flex℠ card you can earn 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter you activate; 5% back on travel purchased through Chase; 3% back on dining out and takeout; 3% at drugstores; and unlimited 1% cash back on all other purchases. Additionally Chase Freedom Flex℠ is also offering new cardholders a $200 cash-back bonus for spending $500 within the first three months of account opening.


The BankAmericard® credit card 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.

Survey Methodology: CardRatings commissioned Op4G in September and October 2020 to conduct surveys among 1,746 cardholders nationwide. CardRatings website analytics from Jan. 1, 2020-Aug. 31, 2020 were used to determine a selection of the most popular cards and additional cards were added 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.

Consumer Reviews

Add Your Review


E-Mail will not be published

  1. No reviews available for this card.   Be the first to review!
  How is your credit?
Oops! Your credit does not qualify you for this card. Applying and being rejected for this card could possibly hurt your credit
We are redirecting you to offers you are qualified for based on your credit.