BankAmericard Review

Our BankAmericard review highlights a strong contender among balance transfer options for consumers with an average credit score. With an extended intro APR offer and no penalty APR, this card favors simplicity rather than rewards.

The BankAmericard credit card is relatively low on flashy features and doesn’t have a significant rewards program. However, it does offer solid approval odds for those with average credit, stands out for its competitively low interest rate, and its 0% intro offer applies to both balance transfers and purchases. For these reasons, it ranks well among contenders as being one of the best balance transfer credit cards for average credit.

About BankAmericard

The BankAmericard isn’t recognized for offering tons of perks. Instead, it focuses on keeping rates low and providing simplicity. Unlike many cards, often with annual fees, that tempt new customers with bonus offers, this one keeps things practical, making it easier to simply save money on interest in the long run.

While it’s not a flagship product for cash-back perks, the card is part of the bank’s broader line of products and services. As a Bank of America customer, you’ll have access to digital banking, account alerts, strong fraud protections, and free FICO score notifications.

Features and Benefits

The BankAmericard’s most prominent advantage is its extended 0% APR offer. You’ll have 18 billing cycles to enjoy a 0% APR on both transfers and purchases.

• 18-month, 0% intro APR on purchases and balance transfers
• 3% balance transfer fee for the first 60 days, then 4%
• No annual fee
• No penalty APR, even if you miss a payment
• Free monthly FICO Score updates
• Overdraft protection through Balance Connect from linked BoA accounts
• Account alerts
• $0 liability fraud protection

BankAmericard Reviews: Editorial Rating

Trusted Company Reviews Rating Score for BankAmericard: 9.1

We gave the BankAmericard a strong score because of its affordability and simplicity. The 0% APR period for 18 billing cycles is among the longest for cards in this tier. Additionally, you won’t face a penalty APR hike if you miss a payment, which adds a sense of security. However, the card still loses a few points in our review due to its nearly complete lack of any type of rewards program.

Why We Like It

The BankAmericard credit card is ideal for those who want a straightforward way to reduce interest payments now and in the future. The long 0% intro APR offer, combined with no penalty APR, provides both breathing room and peace of mind.

What We Don’t Like

The primary drawback our research discovered is the lack of a rewards program of any kind. Once the intro APR offer ends, this card provides little ongoing value compared to competitors that offer cash back or travel perks. That said, it still offers value in its relatively low interest rates for consumers more inclined to simplicity.

BankAmericard Rates, Fees, and Information

The BankAmericard comes with a variable APR after the intro period. Your specific interest rate will depend on your credit score, history, and other factors. In general, borrowers with average credit can expect an APR of between 15.24% and 25.24%, which is, of course, subject to change. The card’s annual fee is $0, making it cost-effective, and the absence of a penalty APR provides additional value

BankAmericard Customer Reviews

Customers generally appreciate the BankAmericard for its long intro APR period and no-penalty APR feature. Many see it as a useful balance transfer card when paired with a repayment strategy or budgeting plan. The card does receive criticism, mainly focused on its lack of ongoing rewards or perks. However, overall satisfaction is high among customers whose primary goal is debt reduction.

BankAmericard Vs Discover it

The BankAmericard and Discover it cards both offer solid approval odds for consumers with good credit. Both also offer strong intro offers and appear in our overview of the best balance transfer cards for average credit. However, the similarities pretty much end there. Where the BankAmericard relies heavily on its lower overall interest rate average, the Discover it card is all about rewards. The one you may choose will depend on how you plan to use your choice in the long term.

Who Is BankAmericard Best For?

The BankAmericard is best for consumers with good or average credit who want a straightforward way to save on long-term interest. It’s particularly beneficial for people who plan to transfer a balance or make a large purchase and would like an extended time to pay it off.

How to Get the Most From Using BankAmericard

To maximize this card, initiate any balance transfers within the first 60 days to lock in the low transfer fee. Use the 0% APR period strategically to pay off balances in full before the intro APR offer expires. Alternatively, the BankAmericard could work well for making a large purchase and paying it off before the intro offer ends.

BankAmericard Alternatives

BankAmericard is a great “keep-it-simple” solution for balance transfers, large purchases, or keeping interest charges to a minimum over time. However, it lacks rewards and extra perks. If you’re looking for something more robust from a rewards standpoint or would like more options, our best balance transfer cards overview features the following contenders worth checking out.

• Discover it Cash Back: Features a solid intro offer and significant rewards of up to 5% in rotating categories.
• Citi Double Cash: Long intro period plus a flat 2% return on purchases
• Alliant Visa Platinum: 2% transfer fees and low ongoing APR
• Citi Simplicity: Tier-leading balance-transfer intro period

Frequently Asked Questions

Conclusion

The BankAmericard may not offer flashy perks, but its strength lies in its simplicity. With a long 0% APR period, no penalty APR, and no annual fee, it provides real value for borrowers focused on long-term goals. It’s not a rewards card, but as a straightforward balance transfer tool, it’s one of the better options available.

About Author

Deane Biermeier