BankAmericard® credit card review

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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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Best for no penalty APR

Annual Fee:
Purchase Intro APR:
0% Introductory APR on purchases for 12 billing cycles
Balance Transfer Intro APR:
0% Intro APR for 12 billing cycles for balance transfers made in the first 60 days
Regular APR:
12.99% - 22.99% Variable APR on purchases and balance transfers
Terms and Restrictions Apply

Bankrate Rating

The BankAmericard® credit card review was last updated on 01.12.2021.

BankAmericard® credit card: Details and benefits

If you have credit card debt to pay off, the BankAmericard® credit card can help you do so with a 12-billing cycle zero percent intro APR for balance transfers made in the first 60 days (12.99 percent — 22.99 percent variable APR after that).

Most notably, the BankAmericard doesn’t offer a rewards structure. If you transfer your balance within the first 60 days your account is open, you’ll pay a balance transfer fee of 3% (minimum $10).


  • Zero percent intro APR for 12 billing cycles on purchases and balance transfers made in the first 60 days (12.99 percent — 22.99 percent variable APR after that)
  • No penalty APR and ability to access your FICO® Score for free
  • No annual fee


  • No sign-up bonus or rewards program
  • 3 percent foreign transaction fee on purchases made outside of the U.S.
  • Balance transfer fee: A 3% fee (min $10) applies to all balance transfers

Is the BankAmericard® credit card worth it for you?

The 12-billing cycle introductory zero percent APR (12.99 percent — 22.99 percent variable APR thereafter) is quite notable. And, 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.

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.

Get the most value from the BankAmericard® credit card

The card comes with a handful of helpful resources that can keep you on track during and after the debt payoff process.

There’s no penalty APR, meaning if you accidentally make a late payment one month, Bank of America won’t raise your interest rate. (You will, though, owe a late payment fee of up to $40.)

You also receive overdraft protection when you link an eligible Bank of America® checking account to your BankAmericard and can sign up for text or email alerts that notify you of your balances and bill due dates.

When dealing with credit card debt, it’s especially important to keep an eye on your credit score. Fortunately, the BankAmericard offers access to your FICO® Score online or within the mobile app. Your score is updated monthly for free with the ability to view a list of key factors that are impacting your score.

Should fraudulent transactions appear in your account, you’ll be notified and are protected by $0 Liability Guarantee.

Balance transfer example

Say you owe $3,000 in credit card debt and transferred your balance to the BankAmericard within the first 60 days of owning it. In doing so, you’ll pay just $250 a month for 12 billing cycles without accruing interest, and you will owe a $90 balance transfer fee. When the interest-free period ends you’ll be subject to a variable APR between 12.99 percent and 22.99 percent.