BankAmericard

BankAmericard® Credit Card offers 0% intro APR for 21 billing cycles and no annual fee.

Credit Card

BankAmericard

$0 ANNUAL FEE 0% INTRO APR FOR 21 BILLING CYCLES

A simple option for managing debt or financing large purchases while saving on interest.

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The BankAmericard® Credit Card keeps things refreshingly simple: instead of chasing points, miles, or complicated rewards categories, it focuses on helping cardholders save money on interest.

With a 0% introductory APR for 21 billing cycles on purchases and qualifying balance transfers, plus a $0 annual fee, the card can be particularly useful when you need extra time to pay down debt or finance a planned expense.

Balance transfers must be made within the first 60 days after opening the account to qualify for the introductory APR. A 5% balance transfer fee applies, so that cost should be included when calculating how much a transfer could actually save.

BankAmericard® Credit Card: Key Benefits

The biggest advantage of the BankAmericard® Credit Card is its lengthy introductory APR period.

Getting 21 billing cycles without interest on eligible purchases can make a substantial difference when spreading out the cost of a major planned expense.

The same introductory APR applies to qualifying balance transfers completed within 60 days of account opening.

This may give cardholders carrying high-interest debt an opportunity to consolidate balances and direct more of their payments toward the principal.

Another important advantage is the $0 annual fee. You do not have to justify keeping the card by earning enough rewards to offset a yearly charge.

Bank of America also currently lists no penalty APR as a card feature. Paying late therefore will not automatically trigger a higher penalty interest rate, although late payments can still have other financial and credit consequences.

A Strong Option for Managing High-Interest Debt

Balance transfers are where this card may become especially useful. Suppose you are carrying debt on another issuer’s credit card with a high APR.

Transferring that balance to the BankAmericard® Credit Card could provide 21 billing cycles at 0% introductory APR, assuming the transfer qualifies and is completed within the required 60-day window.

There is an important catch: a 5% fee applies to each balance transfer. You should compare that upfront cost against the interest you expect to save before moving your debt.

Bank of America also states that balance transfers cannot be used to pay accounts provided by Bank of America. In other words, this isn’t a way to move existing Bank of America debt from one account to another.

BankAmericard® Credit Card Pros and Cons

Pros

• 0% introductory APR for 21 billing cycles on purchases.
• The introductory APR also covers qualifying balance transfers made within 60 days of account opening.
• $0 annual fee, keeping long-term ownership costs low.
• No penalty APR, so a late payment does not automatically increase your APR.
• $0 Liability Guarantee for fraudulent transactions.

Cons

• No traditional rewards program, such as cash back, points, or miles.
• A 5% balance transfer fee applies to transferred balances.
• After the introductory offer, the variable APR is currently 14.99%–25.99%.