This article explains all you need to know about BankAmericard Credit Card.

Introduction 

Banking with Bank of America’s BankAmericard is simple. 

The card avoids a penalty APR, but late payments and surcharges should be avoided. 

Bank of America’s typical perks include paperless statements, FICO score access, overdraft protection (for a charge), account alerts, online and mobile banking, and more. There are no other rewards or incentives. 

Ultimately, this card is only recommended for its introductory APR deal. Other cards with low introductory APRs may offer rewards or other perks. 

Snapshot 

* 0% APR on purchases and balance transfers 

There is no yearly charge and no penal APR. 

0% introductory rates 

For purchases and balance transfers done within the first 60 days, Bank Americard offers 0% APR for 18 payment cycles. After the intro APR offer expires, a variable APR of 13.24 – 23.24 % will apply. All balance transfers include a 3% (min $10) charge. 

BankAmericard Card Advantages 

* Digital Wallet and Contactless Chip Technologies: High-tech ease for the modern spender. 

Accounts can be managed using an app or the web. 

* $0 Liability Guarantee: Cardholder is not responsible for illegal charges. 

* FICO Score: Free credit score for cardholders. 

* Purchase Intro APR: 0% for 18 payment cycles * Balance Transfer Intro APR: 0% for 18 billing periods Intro APR: 0% for the first 60 days on all BTs. A 3% fee (min $10) is charged. 

* Annual Fee: $0 * Balance Transfer Fee: $10 or 3% of each transaction, whichever is greater. 

* Foreign Purchase Transaction Fee: 3% 

The BankAmericard Credit Card 

Chase Freedom FlexSM vs BankAmericard® 

The Chase Freedom Flex also features a 0% intro APR. It also offers 5% cash back on up to $1,500 in quarterly rotating categories (activation required), 5% on travel booked through Chase Ultimate Rewards®, 3% on eating and drugstores, and 1% on all other transactions. The card also comes with a $200 bonus after $500 in purchases in the first three months. For long-term use, the Chase Freedom Flex clearly outperforms the BankAmericard. 

BankAmericard® vs. US Bank Visa® Platinum 

No annual fee and 0% initial APR on purchases and balance transfers for 20 billing cycles, then 15.24 percent – 25.24 percent variable APR. The U.S. Bank Visa Platinum Card offers a balance transfer fee of 3% or $5, whichever is greater. Neither card has an annual fee and both charge 3% for balance transfers. 

The longer introductory APR period on the U.S. Bank Visa Platinum makes it a more powerful balance transfer card. 

BankAmericard® vs Bank of America® Customized Cash Rewards® 

This card offers a 0% initial APR for the first 15 billing cycles on purchases and balance transfers done within 60 days, followed by a 14.24 percent – 24.24 percent variable APR. A 3% balance transfer fee (min. $10) applies. The Customized Cash Rewards card also comes with a $200 online cash rewards incentive after spending $1,000 in the first 90 days. 

The Bank of America® Customized Cash Rewards credit card earns 3% cash back in the qualified category of your choice, 2% at grocery shops and wholesale clubs (up to $2,500 in combined quarterly purchases) and 1% on all other transactions. This structure, like any cash-back card, outweighs the BankAmericard’s lack of incentives. 

BankAmericard Credit Card: Conclusion

The BankAmericard® credit card is popular for its low introductory APR: Get 0% APR on purchases and balance transfers for 18 payment cycles. After the intro APR offer expires, a variable APR of 13.24 – 23.24 % will apply. All balance transfers are subject to a 3% (min $10) charge. This card offers no points or other noteworthy features. Although the card claims no penalty APR, there is little reason to keep it when the introductory APR period ends.

Thanks for taking the time to read this blog post on BankAmericard Credit Card.