BankAmericard® Credit Card

Quick Snapshot

• Annual Fee: $0
• APR: 16.24%-26.24% variable
• Rewards: None (balance transfer focus card)
• Bonus: None
• Best For: Paying down credit card debt with an industry-leading 0% intro APR period
• Credit Needed: Good to Excellent (670+)

Overview

The BankAmericard Credit Card is built for one purpose: helping you pay down debt with the longest 0% intro APR offer on the market. You get 21 billing cycles of 0% APR on both balance transfers (made within 60 days of opening) and new purchases. That is nearly two years of interest-free time to chip away at existing balances.

This is not a rewards card. It earns no cash back, no points, and no miles. Instead, it focuses entirely on saving you money through its intro APR offer and zero annual fee. The variable APR after the intro period ranges from 16.24% to 26.24%, which is reasonable compared to many competitors.

The balance transfer fee is 3% for transfers made in the first 60 days (then 4%), which is standard. If you are carrying a balance on a high-APR card, transferring to the BankAmericard can save you hundreds or even thousands of dollars in interest over the intro period.

APR Breakdown

• Purchase APR: 16.24%-26.24% variable
• Balance Transfer APR: 16.24%-26.24% variable
• Cash Advance APR: 29.99% variable
• Penalty APR: 29.99% variable

Note: 0% intro APR for 21 billing cycles on balance transfers made within 60 days of account opening. 0% intro APR for 21 billing cycles on purchases.

Benefits Overview

Industry-Leading 0% Intro APR

• 0% intro APR for 21 billing cycles on balance transfers
• 0% intro APR for 21 billing cycles on purchases
• Balance transfers must be made within 60 days of account opening
• One of the longest intro APR periods available

Low Ongoing Costs

• No annual fee
• Variable APR of 16.24%-26.24% after intro period is competitive
• No penalty APR on some account types

Account Management

• Digital card management via the BofA mobile app
• Customizable account alerts
• FICO Score available for free monthly

Rewards & Points

This card does not earn rewards. It is designed exclusively for balance transfers and interest savings.

Welcome Bonus

The BankAmericard does not offer a welcome bonus. Its value proposition is the extended 0% intro APR period for balance transfers and purchases.

Fees Summary

• Annual Fee: $0
• Balance Transfer Fee: 3% (min $10) for the first 60 days, then 4% (min $10)
• Cash Advance Fee: Either $10 or 5% of the amount, whichever is greater
• Foreign Transaction Fee: 3%
• Late Payment Fee: Up to $40
• Returned Payment Fee: Up to $29

Who This Card Is Best For

Ideal For

• Debt consolidators who want to pay off balances interest-free for nearly two years
• Large purchase planners who need time to pay off a major expense
• Budget-focused individuals who want to eliminate interest charges
• Those paying down high-APR debt from other credit cards

Not Good For

• Rewards seekers since this card earns no cash back or points
• International travelers due to the 3% foreign transaction fee
• People who pay in full each month who would benefit more from a rewards card

Key Pros & Cons

Pros

• 21 billing cycles of 0% intro APR on balance transfers is industry-leading
• 21 billing cycles of 0% intro APR on purchases as well
• No annual fee
• Competitive ongoing variable APR of 16.24%-26.24%
• Straightforward card with no complicated terms
• Free monthly FICO Score
• Digital account management through BofA app
• Can save hundreds or thousands in interest on transferred balances

Cons

• No rewards, cash back, or points of any kind
• No sign-up bonus
• 3% balance transfer fee reduces savings slightly
• 3% foreign transaction fee
• No travel or purchase protections
• Not useful for ongoing spending once the intro period ends
• Must complete balance transfers within 60 days of opening

Alternatives to Consider

Card	Best For	Annual Fee	Rewards	Credit Needed
Wells Fargo Reflect® Card	Up to 21 months 0% APR	$0	None	Good+
Citi Simplicity® Card	No late fees ever	$0	None	Good+
Discover it® Balance Transfer	0% APR plus cash back rewards	$0	2%/1%	Good+

How the Rewards Add Up

Example Annual Value

Category	Annual Spend	Reward Rate	Earned	Value
Balance Transfer	$5,000 at 22% APR	0% for 21 months	N/A	$1,650 in interest saved

Transferring a $5,000 balance from a 22% APR card saves approximately $1,650 in interest over 21 months, minus the $150 balance transfer fee.

Should You Get This Card?

You Should Get It If...

• You are carrying a balance on one or more high-interest credit cards
• You want the longest possible 0% intro APR period
• You can realistically pay off your balance within 21 months
• You do not need rewards and prioritize interest savings
• You want to consolidate debt from multiple cards
• You prefer no annual fee while paying down debt

You Should Skip It If...

• You always pay your balance in full and want rewards
• You travel internationally and need no foreign transaction fees
• You want a card that earns cash back or points
• You cannot qualify for a high enough credit limit to transfer your balance
• You tend to continue spending on cards after transferring balances

Apply Now

Apply for BankAmericard® Credit Card

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Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.