BankAmericard® credit card review

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Claire Dickey @ClaireDickey  in  Balance Transfer How we rate our cards  |  Advertiser Disclosure
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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Annual Fee:
$0
Purchase Intro APR:
0% Introductory APR on purchases for 18 billing cycles
Balance Transfer Intro APR:
0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
Regular APR:
14.74% - 24.74% Variable APR on purchases and balance transfers
Terms and Restrictions Apply

Bankrate Rating

Commonly used for: Balance Transfer.

Score Breakdown

Bankrate Rating

Rewards
Annual Fee
Variable APR

The BankAmericard® credit card review was last updated on 10.01.2019.

BankAmericard® credit card: Details and benefits

The BankAmericard credit card can help you pay down debt or finance a large purchase that needs to be paid off over time with a introductory APR on purchases and balance transfers (made in the first 60 days) for your first 18 billing cycles (14.74% – 24.74% variable APR thereafter).

Advantages
  • No annual fee
  • Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days (14.74% - 24.74% variable APR thereafter)
  • No penalty APR
  • Access your FICO® Score for free
Disadvantages
  • No sign-up bonuses or rewards program
  • 3 percent foreign transaction fee for every purchase made outside the U.S.
  • Balance transfer fee of 3 percent of the amount transferred (minimum of $10)

Is the BankAmericard® credit card worth it for you?

If you’re looking to pay down debt, the BankAmericard offers a long introductory APR that can help you do so without paying extra in interest. Unlike other balance transfer cards that have a capped amount, you can transfer a balance of up to the credit limit you’re approved for.

You’ll also have access to overdraft protection, access to your FICO® Score for free (updated monthly), account alerts and $0 liability guarantee should you suspect any fraudulent activity in your account.

The BankAmericard doesn’t offer a rewards structure, so if you’re looking to earn rewards alongside your debt payoff, you’re better off choosing a different card. The Capital One® Quicksilver® Cash Rewards Credit Card, for example, offers an unlimited 1.5 percent cash back on every purchase, in addition to a 15-month zero percent introductory APR on balance transfers (15.74 percent – 25.74 percent variable APR thereafter).

Get the most value from the BankAmericard® credit card

Say you owed $3,000 in credit card debt. If you transfer your debt to the BankAmericard within the first 60 days, you’ll have 18 months to pay it off. That means you’ll owe about $166.67 a month for 18 months without paying anything in interest. Keep in mind there’s a 3 percent balance transfer fee, equal to $90.