Choose It If:
Choose the BankAmericard® Credit Card if you value saving money on interest over earning points or cash back. The card can be especially useful if you need to consolidate and pay down high-interest debt.
Skip It If:
Look for alternatives to the BankAmericard® Credit Card if you want to earn cash back or other rewards for your spending, or if you want a card with travel benefits or purchase protections.
Issuer Overview
Annual fee | $0 |
Welcome offer | N/A |
Intro APR (purchases and balance transfers) | 0% Intro APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 14.99% - 25.99% will apply. A 5% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America. |
Balance transfer fee | 5% |
| Foreign transaction fee | 3% |
Recommended credit | 670-850 (Good to Excellent) |
Detailed Review
If you’re considering the BankAmericard® Credit Card, you’re probably less interested in rewards and more focused on saving on interest instead. For better or for worse, that's exactly where this card shines.
The BankAmericard® Credit Card is really a balance transfer and low-interest tool, not a card you use for everyday spending long-term. The standout feature is its intro APR offer, which gives you a generous window to pay down debt or finance a large purchase without interest getting in the way. That means all of your payment goes toward your balance instead of finance charges at first — at least until the intro APR period ends.
While mostly geared to helping people save as they pay down debt, this card still works best if you have a plan. Once the intro period ends, the regular APR applies, and it’s not especially low. And since there are no rewards, there’s little reason to keep using it after you’ve paid off your balance.
The Hook
The biggest standout here is the long 0% intro APR period on both purchases and qualifying balance transfers. That’s the entire appeal — and for the right person, it’s a big one.
How It Works
Let’s say you have a $5,000 balance on another credit card with a 20% APR. If you’re only making minimum payments, a big chunk of what you pay goes toward interest each month instead of the balance itself.
Now imagine you transfer that $5,000 to the BankAmericard® Credit Card and take advantage of the 0% Intro APR for 21 billing cycles for any balance transfers made in the first 60 days. During that time, no interest accrues on the balance, so every dollar you pay goes directly toward paying it off. However, your new balance would work out to $5,250 once the 5% balance transfer fee is added.
If you paid about $250 per month, you could wipe out the full $5,250 balance within the intro period — and potentially save around $1,000 or more in interest compared to leaving that balance on a high-APR card (depending on how long repayment would have taken otherwise).
Conclusion: Is this card right for you?
The BankAmericard® Credit Card could be a great fit if your main goal is paying down existing credit card debt or financing a large purchase without interest piling up right away. It works especially well if you’re disciplined with payments and have a clear plan to pay off your balance during the intro APR period.
However, it’s probably not the right card if you’re looking for ongoing rewards, travel perks or everyday spending value. In short, this card is best for people who want a simple, focused tool for getting ahead on debt — not for maximizing long-term credit card benefits.
And if you're looking for a card that has an intro APR and rewards, you're in luck. There are dozens of cash back credit cards and general rewards cards that come with 0% APR for a limited time, plus cash back or rewards points on spending. The main tradeoff is that you won't get the intro APR for as long as these options, as they usually offer introductory rates for a maximum of 15 or 18 months.
Compare: Similar Balance Transfer Cards
| BankAmericard® Credit Card | Citi Double Cash® Card | Chase Freedom Unlimited® |
|---|
| Annual fee | $0 | $0 | $0 |
| Earning rewards | N/A | Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel. | Enjoy 5% cash back on travel purchased through Chase TravelSM, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases. |
| Intro APR | 0% Intro APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 14.99% - 25.99% will apply. A 5% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America. | Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 17.49% - 27.49%, based on your creditworthiness. | Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.24% - 27.74%. |
What Users & Experts Say
What Users Have to Say
Reddit users aren't overly positive about the BankAmericard® Credit Card as a debt relief tool. This is mainly due to its 5% balance transfer fee, which is higher than the 3% fee most other cards charge.
In fact, most Reddit users recommend balance transfer cards with a 3% fee or less to consolidate debt. This includes popular options like the Citi Double Cash® Card and the Discover it® Cash Back, even though their intro APRs don't last as long as the BankAmericard® Credit Card.
That said, some past users of the BankAmericard® Credit Card like the fact it is flexible when it comes to the types of debt you consolidate. Reddit user MLJ_The_Shield had the following to say about the card:
"The cool thing about BankAmericard is they will balance transfer more than just credit cards (Chase Slate only does CC's). They'll balance transfer student loans, car loans, lines of equity, credit cards. Everything short of mortgage payments. They mail a check with a $ amount to the loan holder."
Expert Takeaways
Personal finance expert John Pham of The Money Ninja says the BankAmericard® Credit Card is best for people with substantial credit card debt because it allows them to potentially save thousands of dollars in interest charges.
"A typical credit card APR can be as high as 30% or more," says Pham. "Transferring your credit card balance from a card with a high interest rate to BankAmericard lets you take advantage of the introductory 0% APR rate for 21 months. That's nearly two years of interest-free debt!"
Rachel Lipson, who is founder of The Point, agrees and says that the interest on a high APR card can compound and grow so quickly that carrying credit card debt can be an insurmountable burden.
"While this card doesn't offer a free balance transfer, the 5% fee is just a fraction of the cost in comparison," said Lipson.
That said, you'll want to have a plan to pay off debt before you move forward with this card and offer.
"While a balance transfer can be helpful, it's important to keep track of dates and have a clear plan to pay off the balance by the end of the no interest period to avoid sinking deeper into debt," she said.
Issuer Overview
Issuer | [Bank of America] |
Security | [Fraud monitoring] • [Transaction alerts] • [Account controls in app/website] |
Customer service | [Phone] • [Secure message/in-app support] • [Chat if available] |
Online experience | [App + website] to: pay bill/autopay • view statements • track spend • manage alerts • redeem rewards |
Help & support | Help center for: disputes/chargebacks • lost/stolen • payments/autopay • account access • card replacement |
Methodology: How We Review Credit Cards
While creating this guide and reviewing the BankAmericard® Credit Card, we examined several factors that impact credit card users. Such factors include rates and fees, card features and benefits, security, user experience, and customer service. We also considered first-hand experiences shared by current and past BankAmericard® cardholders in online communities like Reddit.
Disclosures
Editorial disclosure: The credit card offers and information presented on this page are current as of the published date. However, credit card terms, including APRs, fees, and promotional offers, are subject to change without notice. Some offers listed may no longer be available or may have expired. Please refer to the issuer's website for the most up-to-date terms and conditions.
Issuer-independence disclosure: This content is based on the independent analysis of the publisher and/or its authors and has not been provided by or endorsed by any card issuer.
