BankAmericard® credit card Reviews [2024] | WalletHubReviews, rates, fees, and customer service info for The BankAmericard® credit card. Compare to other cards and apply online in secondsJohn KiernanWalletHubLow balance transfer intro APR for 18 billing cyclesLow purchase intro APR for 18 billing cyclesNo annual feeBalance transfer fee of 3%Very high regular APRExcellent credit required
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
The BankAmericard credit card is a very good 0% credit card that's worthwhile for people with excellent credit who can benefit from interest-free financing for the first 18 billing cycles on new purchases as well as balance transfers made in the first 60 days. The BankAmericard credit card does not charge an annual fee.Info about the BankAmericard® credit card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
3.7/5
628 reviewsRead and write reviews
Editor’s Review
4.0/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
4.6
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Lower Cost of Existing Debt” for this card.
Fees
5.0
Cost
4.6
APR
4.5
4.6/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit
BankAmericard credit card Annual Fee
$0
BankAmericard credit card APR on Purchases
0% intro APR for 18 billing cycles, 16.24% - 26.24% Variable APR after that
BankAmericard credit card Balance Transfer
0% intro APR for 18 billing cycles for any balance transfers made in the first 60 days, 16.24% - 26.24% Variable APR after that
Balance Transfer Fee:3%
BankAmericard credit card's Additional Info
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.
Low balance transfer intro APR for 18 billing cycles
Low purchase intro APR for 18 billing cycles
No annual fee
Balance transfer fee of 3%
Very high regular APR
Excellent credit required
BankAmericard credit card Review
John Kiernan
4.0 / 5
The BankAmericard credit card is a very good 0% credit card that's worthwhile for people with excellent credit who can benefit from interest-free financing for the first 18 billing cycles on new purchases as well as balance transfers made in the first 60 days. The BankAmericard credit card does not charge an annual fee.
The card has a 3% balance transfer fee, however. Plus, its regular APR is quite high by excellent-credit standards. And you won’t earn any rewards.
So the BankAmericard credit card can certainly help you save on interest if you pay off your balance before regular rates take effect. And it’s best used in combination with a good rewards credit card for everyday purchases that you’ll pay for in full by the due date.
BankAmericard Credit Card Review Highlights
0% for 18 Billing Cycles
The average 0% period for new purchases lasts about 11 months, according to WalletHub’s latest Credit Card Landscape Report. And the average 0% period for balance transfers lasts for 13 months. BankAmericard offers 0% intro APRs for 18 billing cycles on both purchases and transfers made in the first 60 days, so it’s ahead of the pack in both regards. After the intro APR offer ends, a 16.24% - 26.24% Variable APR will apply.
3% Balance Transfer Fee
One of the main things diminishing the BankAmericard credit card’s stature as an elite financing option is its 3% transfer fee. The average balance transfer card charges 3.1%. And that’s to say nothing of the few balance transfer credit cards with no balance transfer fee that are available right now.
$0 Annual Fee
This is the norm for a 0% credit card. But it still saves you $22.29 per year compared to the average credit card.
High Regular APR
Sure, the BankAmericard credit card doesn’t have a penalty APR, meaning your rate won’t rise after a missed due date. But if you don’t pay the monthly minimum while the card’s 0% intro rate is in effect, it could be cut short, bringing in the card’s regular APR ahead of schedule. And that regular APR could be almost as high as the average credit card’s penalty APR (27.35%).
Depending on your creditworthiness, the BankAmericard credit card’s regular rate could be high: 16.24% to 26.24% Variable. That means you’re most likely going to overpay on interest if you carry a balance from month to month when the regular APR is in effect, since the average excellent-credit credit card charges 18.04%.
Excellent Credit Required
This bears repeating because most people don’t meet this requirement. You need a 750+ credit score for good approval odds. And you can check your latest credit score for free on WalletHub to see if you’re in the ballpark.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
4.0
User Reviews
3.7
Market Comparison
4.6
fees: 5.0
cost: 4.6
APR: 4.5
4.9WalletHub Rating
WalletHub Rating
4.9
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
5.0
User Reviews
3.4
Market Comparison
5.0
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 5.0
4.7WalletHub Rating
WalletHub Rating
4.7
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
5.0
User Reviews
3.7
Market Comparison
4.8
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 3.0
(628)
(2,094)
(2,937)
annual fee$0
annual fee$0
annual fee$0
Purchase Intro APR0% for 18 billing cycles
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
transfer intro apr0% for 18 billing cycles for any balance transfers made in the first 60 days|Transfer Fee:3%
transfer intro apr0% for 18 months|Transfer Fee:3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer
transfer intro apr10.99% for 6 months|Transfer Fee:3% intro balance, up to 5% fee on future balance transfers (see terms)*
Can't find what you are looking for? Submit your question about BankAmericard® credit card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
The best BankAmericard credit card benefit is an introductory APR of 0% for 18 billing cycles for purchases, coupled with 0% for 18 billing cycles for any balance transfers made in the first 60 days. Plus, apart from $0 fraud liability guarantee, some cardholders may also get several other benefits like price protection and extended warranty.
Here are some of the best BankAmericard credit card benefits:
Introductory purchase APR:0% for 18 billing cycles. After the introductory period is over, remaining balances are subject to the card's regular APR of 16.24% - 26.24% Variable (based on creditworthiness).
Introductory balance transfer APR:0% for 18 billing cycles for any balance transfers made in the first 60 days. Balance transfers are subject to a 3% fee. Once the intro period is over, remaining balances are subject to the card's regular APR of 16.24% - 26.24% Variable (based on creditworthiness).
$0 annual fee:$0 extra costs just for having the card.
Extended warranty: Lengthens the original manufacturer's warranty for eligible items. For more extended warranty details, you can consult your benefits guide or call the number on the back of your card to request a copy. Keep in mind that extended warranty is not guaranteed with this card and not all cardholders may have this benefit.
Price protection: Reimburses the difference up to a set amount between the purchase price of an item and a lower price advertised within a specific time frame. For more price protection details, you can consult your benefits guide or call the number on the back of your card to request a copy. It is worth noting that price protection is not guaranteed with this card and not all cardholders may have this benefit.
$0 fraud liability: You won't be held responsible for unauthorized charges made with your card or account information.
Digital wallet options: You can add your BankAmericard credit card to your mobile device and shop in-store or in-app using a variety of digital wallets.
BankAmericard credit card is primarily designed as an option for those looking to finance their purchases or transfer existing debt.
The BankAmericard credit card is a Mastercard, not a Visa. You can use your BankAmericard credit card at nearly 11 million merchants that accept Mastercard nationwide, and you can use it abroad in more than 210 countries and territories.
There are a few differences between Visa and Mastercard credit cards, such as the network-level benefits they offer, but those differences are relatively small. The two card networks have a lot in common, including extensive worldwide acceptance. As a result, it's more worthwhile to compare individual...
You need a credit score of at least 750 to get the BankAmericard credit card. That means people with excellent credit have a shot at getting approved for the BankAmericard credit card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the BankAmericard credit card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit...
Yes, the BankAmericard credit card has an introductory purchase APR of 0% for 18 billing cycles after account opening. Once this intro period expires, any remaining balance on the BankAmericard credit card will be subject to the regular APR of 16.24% - 26.24% Variable.
Since the average 0% intro APR for new purchases lasts 11 months, the BankAmericard credit card offer is above average. The BankAmericard credit card also has a low intro APR for balance transfers, lasting 18 billing cycles for any balance transfers made in the first 60 days. It is accompanied by a balance transfer fee of 3%.
The BankAmericard credit card credit limit will vary based on each applicant's credit standing. But many cardholders report initial credit limits ranging from $1,000 to $15,000 in some online forums. Your BankAmericard credit card credit limit will depend on a number of factors, such as your credit history, income, and debt. Just note that the issuer doesn't disclose a minimum or maximum credit limit for this card.
Keep in mind that your credit score is an important factor....
The BankAmericard® credit card foreign transaction fee is 3%. This means Bank of America will add a 3% surcharge anytime you use the BankAmericard® credit card outside of the United States. The fee also applies to online purchases made through an internationally-based merchant.
Your BankAmericard credit card approval odds are good if you have a credit score of 750+, which is considered excellent credit. Approval odds for the BankAmericard credit card will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN or ITIN, as well.
What You Need for Good BankAmericard credit card Approval Odds
The BankAmericard credit card has a grace period of at least 25 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their BankAmericard credit card statement balance in full every month, Bank of America will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will...
The BankAmericard credit card does not offer rental car insurance. But there are other Bank of America cards that do have this benefit, which covers physical damage and theft of a rental vehicle, reasonable towing costs, and any valid loss-of-use charges from the rental agency. Cardholders are covered up to up to the actual cash value of the rented vehicle.
To get coverage, a cardholder must pay for the rental entirely with an eligible Bank of...
The Bank of America balance transfer limit varies depending on the credit card and credit limit you have. Basically, this means that you cannot perform a balance transfer exceeding the total available credit on your BankAmericard® credit card. You can look up yours on your monthly statement or by calling Bank of America's customer service department at (800) 732-9194. Keep in mind that balance transfers may not be used to pay off another Bank of America account.
Share your insights and review for the BankAmericard® credit card
5
38%
4
23%
3
19%
2
10%
1
9%
3.7
628 reviews
628 reviews
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samershahda376 @samershahda376
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1 Star Rating
Most miserable credit card customer service, most miserable customer service at the bank branch here in the Dallas area. I have two branches around me; they close at 4 PM, plus you have to wait forever every single time I go there to get help.
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Miranda Ramsay @mramsay62495
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1 Star Rating
If I could give no star, I would. I applied for their credit card specifically to get the rewards for my upcoming cruise. I spent the required amount, but found out afterward that I wouldn't receive my rewards until the next billing cycle, even though I only had one cycle to spend the $1000 once I received my card. Nowhere in their fine print does it state that the rewards wouldn't be available until the next billing cycle. Customer service was absolutely no help at all and was rude. I will be canceling this card as soon as possible and highly recommend that no one use them.
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Guillermo Ulmos @gulmos71
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1 Star Rating
I have been a client for only 6 months. I got the Visa unlimited rewards for a big buy, a new roof for my house, taking advantage of a promo rate of 0% for 18 months, this is my first experience ever with BoA. At the time I signed up for the card everything was fine, until it was not fine. First strike, I anticipated the monthly payments to be equal to pay off the card within the promotional time, so I don’t have to pay interest on the roof purchase. When I called their customer service asking why the pre-set payment wasn’t reflected on the first statement, I was told that any changes on the auto payments takes 3 billing cycles??? I have many other cards and I have never seen something like this, 3 full billing cycles in 2023 to make a change?? Well, second strike, today checked the app to see if I can place the auto payment for the desired amount and it was nowhere to be found. After more than 45 minutes on hold the rep. stays Bank of America has just changed their policy and the only 2 ways to pay are the full balance and or the minimum balance payment with no option to edit your desired monthly amount of payment?? Really? Do we need to log into the account every month to make a separate payment since their system is so insufficient? This bank is going backwards, the obvious reason is to trick you to get hit by the financial and interest charges, the reason why auto payment is so convenient is that you created the payment amount and forget about it. I have a CITI bank Executive card and the experience can’t be more different, Sorry BoA but your intentions are not good, especially under this kind of economy, this kind of tactics are so barbaric and bad intentioned, beware of the changes and games from these kinds of banks. Sorry to say but, very disappointed.
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jacquelinec_82 @jacquelinec_82
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5 Star Rating
Verified Customer
I had a great experience with this card - loved the 0% interest. The only negative experience I had was a one time incident where they would not reverse a late fee even though I had never been late on any payments.
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George Alave @widmark_143
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1 Star Rating
One of the worst credit cards. It will recommend several of its credit cards but will reject you. It should not recommend its credit cards if it will reject the application. Instead, it should give a notice that it will be most probably reject an application instead of recommending many of its credit cards,
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Jan Bielawski @jan_bielawski
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1 Star Rating
Bank of America credit cards is Di disgrace to humanity, they charging you for merchandise you didn’t buy or order ,and nothing you can do you just have to pay they don’t investigate anything they claim they have paperwork they have your signature but when you ask for proof they said they don’t have nothing ,and there is nothing you can do they hang up phone on you ,I tried to reach Bank Of America ,Credit all day fraud claim nothing happened they sent me a letter stated that they have everything on me ,when I call Bank of America and they told me they have nothing and they don’t have to provide nothing to me ,I just gotta pay so if you like to pay for something you didn’t do go to Bank of America for credit card .
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harkie37 @harkie37
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1 Star Rating
Some months they did not send out either electronic or paper bill. They changed my card number but then credited payments to the old card and told me that I had missed a payment and reported it to credit agencies. When I finally got the error corrected, they still charged me a late fee for their mistake. They were rude throughout the process and insisted the error was my fault. I called them this morning and they put me through multiple rounds of telemarketing before they would let me speak with a representative. Terrible customer service; avoid this card!
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serge212 @serge212
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1 Star Rating
The Bank of America credit cards have horrible rule: if you are late with you payment even by 1 day, even for couple of dollars, your card gets declined immediately, with no warnings from the bank. You will find out about it when you try to pay somewhere, which might be very embarrassing. The customer service said that this is a BOA rule for all their credit cards. Avoid!
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mary_orfila @mary_orfila
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1 Star Rating
Watch out: Twice it was difficult to pay my bill. When you first open a credit there’s a 3 day wait period before they will recognize your bank account. I managed to pay the first bill by phone. Then, once when i tried to pay the day before my bill was due, all of the sudden the app wouldn’t accept payments. It said it wouldn’t be working until a certain time, but it was already after that time. I tried to pay through the email bill. No. Had to use my computer to go on the website (hope you still have your pw) and use a new method
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levivvv @levivvv
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1 Star Rating
Bank of America sent me a pre-approval letter, so I did apply for Americard and received their card. After receiving card a made few test transactions here and there to activate and test the card worth $60. A month later I found out that card has been blocked due to "suspicious activity", so I called them and verified that all the transactions is in correct order. They said they still can not unblock the card and I need to visit Bank of America branch in person with 2 forms of ID. And at that time I was on vacation. Very unreliable. You come to pay for a rental vehicle on vacation and found out your Bank of America card is blocked and you standing in front of counter and they look at you like you are thief. Great job, Bank of America!
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Review BankAmericard® credit card
Expert Thoughts on BankAmericard credit card
We posed the following questions to a panel of experts in order to help lend some context to BankAmericard credit card reviews from WalletHub editors and users, as well as to further inform potential applicants’ card selection overall. You can meet the panel and read their responses below.
Do you think consumers today appreciate the historical significance of the “BankAmericard” brand name?
How much longer can consumers expect credit card offers built around long introductory 0% APR periods to be available?
Is “no penalty APR” really a beneficial feature for people applying for a 0% APR credit card offer?
What are the best and worst ways to use a 0% credit card like the BankAmericard?
Cara Peters Ph.D. – Professor of Marketing at Winthrop University Read More
Geo Kelly Ph.D., Assistant Professor of Marketing, Department of Business & Computer Science, Everett Dobson School of Business and Technology, Southwestern Oklahoma State University Read More
* WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Fifth Third 1% Cash/Back Card, BankAmericard® credit card, Bank of America® Customized Cash Rewards credit card, Bank of America® Travel Rewards credit card, and Bank of America® Premium Rewards® credit card
WalletHub is an independent comparison service.
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2024 WalletHub Awards
BankAmericard® credit card is an Editor's Pick for: