Accepted Credit Scores
0% intro APR for 21 billing cycles, 14.24% - 24.24% Variable APR after that
0% intro APR for 21 billing cycles for any balance transfers made in the first 60 days, 14.24% - 24.24% Variable APR after that
Balance Transfer Fee
by John Kiernan, Credit Card Editor
August 22nd, 2022
BankAmericard credit card Pros & Cons
Low balance transfer intro APR for 21 billing cycles
Low purchase intro APR for 21 billing cycles
No annual fee
Balance transfer fee of 3% (min $10)
Very high regular APR
Excellent credit required
BankAmericard credit card Review
4.0 / 5
View 606 User Reviews
|cash advance fee||See Terms|
|cash advance APR||See Terms|
|foreign transaction fee||3%|
|smart chip||Yes, chip-and-PIN|
|max late fee||See Terms|
|max overlimit fee||$0|
|max penalty APR||None|
|grace period||See Terms|
at Bank of America's secure site
New longer intro period! 0% Introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.24% - 24.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
No annual fee.
No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
Access your FICO® Score for free within Online Banking or your Mobile Banking app.
Contactless Cards - The security of a chip card, with the convenience of a tap.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
at Bank of America's secure site
Can't find what you are looking for? Submit your question about BankAmericard® credit card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Is The BankAmericard credit card a Visa or Mastercard?
Maria Adams, Credit Cards Moderator
The BankAmericard® credit card is a Mastercard, not a Visa. You can use your BankAmericard credit card at nearly 11 million merchants that accept Mastercard nationwide, and you can use it abroad in more than 200 countries and territories.
There are a few differences between Visa and Mastercard credit cards, such as the network-level benefits they offer, but those differences are relatively small. The two card networks have a lot in common, including extensive worldwide acceptance. As a result, it's more worthwhile to compare individual credit card offers than to focus on getting a card from a particular network.
What credit score is needed for BankAmericard?
Evelyn Boros, Credit Cards Moderator
View more answers
Does BankAmericard credit card have a 0% APR intro period for new purchases?
Maria Adams, Credit Cards Moderator
What is the BankAmericard credit limit?
View more answers
What is the BankAmericard foreign transaction fee?
Keyaira Sutton, WalletHub Analyst
What are my BankAmericard approval odds?
What are the best BankAmericard benefits?
Ashley Wade, WalletHub Analyst
How long is the Bankamericard grace period?
Robert Sambrick, WalletHub Analyst
Does BankAmericard credit card offer rental car insurance?
Leon Denerus, WalletHub Analyst
How much is the BankAmericard balance transfer limit?
Your BankAmericard balance transfer limit will be a portion of your entire credit limit. And as credit limits are individualized, there isn't a general balance transfer limit. You can look up yours on your monthly statement or by calling Bank of America's customer service department at 800-732-9194.
BankAmericard® credit card
Discover it® Balance Transfer
Bank of America® Customized Cash Rewards credit card
Purchase Intro APR0%for21 billing cycles
Purchase Intro APR0%for6 months
Purchase Intro APR0%for18 billing cycles
Transfer Intro APR0% for 21 billing cycles for any balance transfers made in the first 60 days|Transfer Fee: 3% (min $10)
Transfer Intro APR0% for 18 months|Transfer Fee: 3% intro balance, up to 5% fee on future balance transfers (see terms)*
Transfer Intro APR0% for 18 billing cycles for any balance transfers made in the first 60 days|Transfer Fee: 3% (min $10)
Regular APR14.24% - 24.24% Variable
Regular APR14.24% - 25.24% Variable
Regular APR16.24% - 26.24% Variable
Rewards Rate1 - 5% Cash Back
Rewards Rate1 - 3% Cash Back
Share your insights and review the BankAmericard® credit card
What's Your Rating?
1 Star Rating
This card does not allow you to freeze your card while trying to sort out fraudulent charges. You can only dispute by phone. Wait times to dispute a charge are long and customer service is not very helpful. I was a thirty year card holder and finally had enough and canceled.
1 Star Rating
Beware of Promotional APR offers!!
I've been a loyal customer of Bank of America for over 15yrs and I decide a few months ago to take advantage of a promotional 0% APR check they sent me in the mail. I'm doing some remodeling of my house and wanted to use this for a down payment of $7,500. So I used the check and everything was fine. I figured I would pay off my monthly purchases like I have always done minus the $7,500. Then I started getting finance charges on my daily purchases. When I called they stated as long as I had the promotional balance in my account I would be charged interest on my daily purchases! So why would a bank think this would be a benefit to their customers! In 3 months I was charged $154 in interest on my daily purchases even though I paid them off by the end of the month. So this was in the fine print so I asked for them to just credit me my $154 back and I would pay off the 7500 balance since obviously this was not a benefit to me anymore, and they would not. So beware of promotions as they are really not there to help you but find a way to get you to pay interest!
2 Star Rating
This is one of those things you don't realize until it's too late, and your reading posts like this. We also got hit with a late fee because we missed a payment. Our fault, but once in 7 years I figured it would be forgiven. Autopay is nice, but then you skip any kind of audit on expenses. So my wife called, told me they said no. So I thought she was crazy, tried myself. Also a no. Asked to have it escalated to a manager. Manager said there was nothing she could do. After reading this - I believe it; the system must not allow fee reversals. So we're waiting until the final round of rewards posts and cancelling on the 20th. Card was used primarily for gas at 3%, but the Costco card is 4% on gas, so we'd likely have cancelled anyway. The just sealed the deal.
1 Star Rating
I cannot add a new payment method to pay my bill. I have spent hours trying to figure out how. I eventually forgot about it last month but this month I was determined to pay the bill or else. There is no way to do it. None. I am using Chrome and android. I paid all my other cards just fine. This is the only one that makes it impossible to add a new bank account to pay the credit card bill.
I compared the telephone # from the Zero interest letter I received from the online Bank of America. The letter admits, "The Bank of America credit card offers may vary, and this offer, (from the letter) may not be available elsewhere, such as at Bank of America financial institutions.telephone number is completely different. I suspect Fraud! Walgreens receipt has a $3,000 prize. I entered, and the second I pushed finish, a foreign voice asked, "Do you have the Medicare program A & B. I said, No. I don't, and he hung up.
1 Star Rating
The worst ever. My mom had a BoA Visa, she passed away and I called to report her death and cancel. I early paid her final balance due, customer service rep acknowledged she had zero balance due and said that there was nothing else I needed to do. When her final statement processed it showed she owed money even though I had already paid the amount due, 3 phone calls in with 2 hours on phone and they still can’t straighten it out, trying to get the money they think she owes even though would create credit balance on her account.
Kindly closed the account can do much better or no bank at all
1 Star Rating
I have been trying to resolve two credit card disputes with Bank of America for 6 months now where I was charged incorrect amounts by merchants. The process has been convoluted and confusing. I submitted substantial evidence for both claims, have spoken to about 10 reps who have not been helpful. The customer representatives often do not have accurate information. When I request to speak to a manager, I'm rarely put through. My claims continue to be denied despite providing clear evidence and speaking with multiple customer service reps.
It has been made clear throughout this process, that Bank of America does not value protecting the consumer rights of its clients. I will be canceling my credit card and plan to never use their services again after this terrible experience.
5 Star Rating
In full disclosure, I am a long time Bank of America customer. Not always satisfied with BOA service, but this credit card experience was flawless - instant decision with great credit limit and 0% introductory APR for 18 months as advertised. Highly recommended!
5 Star Rating
They definitely deserve 5 stars. Great app. Also, they've raised my available credit every 6 months, by my request, WITHOUT doing a hard credit pull. Citi won't raise me without a hard pull.
1 Star Rating
Their website is a disaster to negotiate and it’s almost impossible to talk to a real person from customer service on the phone. This is probably the worst credit card you could possibly get.
1 Star Rating
Worst Customer Service! Never received my first card, waited a month and finally called! Never granted those days from the time they sent the second credit card to purchase $2,000.00 within 90 days to receive the 45,000 Alaska Airlines miles! Which is the only reason i applied. I will be cancelling!
Review BankAmericard® credit card
We posed the following questions to a panel of experts in order to help lend some context to BankAmericard credit card reviews from WalletHub editors and users, as well as to further inform potential applicants’ card selection overall. You can meet the panel and read their responses below.
- Do you think consumers today appreciate the historical significance of the “BankAmericard” brand name?
- How much longer can consumers expect credit card offers built around long introductory 0% APR periods to be available?
- Is “no penalty APR” really a beneficial feature for people applying for a 0% APR credit card offer?
- What are the best and worst ways to use a 0% credit card like the BankAmericard?
Ph.D. – Professor of Marketing at Winthrop University
Ph.D., Assistant Professor of Marketing, Department of Business & Computer Science, Everett Dobson School of Business and Technology, Southwestern Oklahoma State University
BankAmericard® credit card
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Bank of America
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What credit score do I need for the BankAmericard® credit card? You'll need good to excellent credit, usually a credit score of at least 690, to qualify for the BankAmericard® credit card. Issuers also consider factors beyond credit score when evaluating applications, including your income and other debts.What happened to the BankAmericard? ›
By 1970, BofA gave up direct control of the BankAmericard program, forming a consortium with the other various BankAmericard issuer banks to take over its management. It was then renamed Visa in 1976.What is the APR on a BankAmericard? ›
New Offer: 0% † Intro APR for your first 18 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account. After the intro APR offer ends, a Variable APR that's currently 16.24% to 26.24% will apply.Is BankAmericard a credit card? ›
Rates and Fees
The BankAmericard is a low-cost credit card across the board. Naturally, its intro APR for balance transfers (made within the first 60 days) and purchases is the main attraction, but a qualifying credit score could also earn you a low ongoing APR.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.When did BankAmericard become visa? ›
In 1976 BankAmericard officially became branded as a Visa card.How is the BankAmericard? ›
The BankAmericard credit card is a very good 0% credit card that's worthwhile for people with excellent credit who can benefit from interest-free financing for the first 21 billing cycles on new purchases as well as balance transfers made in the first 60 days.What is BankAmericard Platinum Plus Mastercard? ›
The Bank of America Platinum Plus® Mastercard® is an excellent low-interest credit card that charges no annual fee. It offers a 0% introductory annual percentage rate (APR) for the first seven months and a sign-up bonus of up to $300.Why Visa is better than Mastercard? ›
While both of these offer benefits for purchase protection and insurance, travel benefits and emergency services, Visa Signature offers significantly more of them to their cardholders. Visa Signature members have access to features like roadside dispatch, extended warranties, a Global Entry statement credit and more.Can I ask to lower my interest rate? ›
They may decline your request, but it doesn't hurt to ask. If you've established a history of on-time payments and other responsible behavior with the issuer, leverage this information to your benefit. A lower interest rate can ensure you pay less in interest over time, so it's worth asking.
A 0% APR credit card offers no interest for a period of time, typically six to 21 months. During the introductory no interest period, you won't incur interest on new purchases, balance transfers or both (it all depends on the card).How can I turn my credit card into cash? ›
- Insert your credit card into an ATM.
- Enter your credit card PIN.
- Select the “cash withdrawal” or “cash advance” option.
- Select the “credit” option, if necessary (you may be asked to choose between checking, debit or credit)
- Enter the amount of cash you'd like to withdraw.
Which Credit Bureau Does Bank of America Use? While Bank of America may pull credit reports from any of the major credit bureaus: Experian, Equifax and TransUnion, consumer-reported data suggests the bank relies heavily on Experian to source many credit reports, followed by Equifax and TransUnion.How often does bofa increase credit limit? ›
Bank of America usually increases credit limits no more than once every six months.What is the credit limit for Wells Fargo reflect card? ›
The starting credit limit for the Wells Fargo Reflect card is $1,000 or more. Everyone who gets approved for Wells Fargo Reflect is guaranteed a credit limit of at least $1,000, and particularly creditworthy applicants could get limits a lot higher than that.Why is my credit score going down when I pay on time? ›
you have a high credit utilization ratio
you might have paid your bills on time, but you also need to check the balance you carry on each credit card. if you have a high credit utilization ratio, it can cause a drop in your credit score. you should check your credit limit usage on both an overall and per-card basis.
Yes. An Experian study found that as of 2019, 1.2% of all credit-holding Americans had a FICO score of 850. A perfect score generally requires years of exemplary financial behavior, like making on-time payments, keeping a low credit utilization ratio, and maintaining a long history of credit accounts.How do you get a 900 credit score? ›
- Maintain a consistent payment history. ...
- Monitor your credit score regularly. ...
- Keep old accounts open and use them sporadically. ...
- Report your on-time rent and utility payments. ...
- Increase your credit limit when possible. ...
- Avoid maxing out your credit cards. ...
- Balance your credit utilization.
Bank of America doesn't limit the number of credit card accounts you can have at one time.Who are Visa's competitors? ›
Visa competitors include Stripe, Mastercard, Capital One, American Express and PayPal. Visa ranks 1st in CEO Score on Comparably vs its competitors.
A.P. Giannini. A.P. Giannini, in full Amadeo Peter Giannini, (born May 6, 1870, San Jose, California, U.S.—died June 3, 1949, San Mateo, California), American banker, founder of the California-based Bank of Italy—later the Bank of America—which, by the 1930s, was the world's largest commercial bank.Is Bank of America a good Bank? ›
Bank of America is a good choice for customers who want the comfort of having a bank branch or an ATM close by. That convenience is offset by savings accounts and CDs that have lackluster interest rates.Does Bank of America credit card have international fees? ›
Credit cards with no foreign transaction fees give you the freedom to travel internationally and spend money without worrying about the added cost of foreign transaction fees. Start your next trip off right by applying for a Bank of America® credit card with no foreign transaction fees.What is a Citi Diamond Preferred Card? ›
The Citi® Diamond Preferred® Card is a no annual fee credit card that offers 0 percent introductory APR on purchases for 12 months and on balance transfers for 21 months (15.99% to 25.99% variable APR after that).Does Bank of America have a platinum credit card? ›
Preferred Rewards program details
There are three tiers in the Preferred Rewards program – Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America® deposit and/or Merrill® investment accounts.
First Access Visa® Solid Black Credit Card
The First Access Visa Card is issued by The Bank of Missouri pursuant to a license from Visa U.S.A. Inc.
With a Bank of America® Mastercard® credit card, choose a rewards program with cash rewards, bonus miles or select a credit card that allows you to be rewarded for responsibly managing your credit card balance. Browse our selection of credit cards and apply online today. You can only compare up to 4 cards.Why does Costco not take Mastercard? ›
Since Costco has a contract with Visa, shoppers can't use credit cards backed by the other three main networks, American Express, Mastercard or Discover, at Costco warehouses. However, you're able to pay with Mastercard and Discover cards for purchases made at Costco.com and the Costco app.Which is better Visa or American Express? ›
In fact, Visa is one of the most accepted payment networks in the world. American Express is accepted by 99% of the merchants that accept credit cards, but it's still not as widely accepted as Visa. American Express has long charged higher credit card processing fees than other payment networks.
Which is more secure? Both Visa and Mastercard offer zero fraud liability for all cards, which means that any user who is victim to fraud, theft, or breach of data will not be liable for the lost money. Both networks are generally considered to be secure, but use different methods for securing your data.
You may be able to lower your credit card's interest rate simply by asking your card issuer. While card issuers aren't required to lower your rate, they may be willing to, especially if you have a long history of making on-time payments or if your creditworthiness has improved since you opened your account.What is a good APR? ›
A credit card APR below 10% is definitely good, but you may have to go to a local bank or credit union to find it. The Federal Reserve tracks credit card interest rates, and an APR below the average would also be considered good.Why is my credit card APR so high? ›
Consistently paying less than the minimum payment amount can also generate additional interest rate charges on your monthly statement. High credit card balance: If you continually carry over your growing credit card balance from the previous month, your credit issuer may increase your APR.Why should you avoid zero percent interest? ›
With such great financing offers, salespeople are often disinclined to come down on purchase price. Buyers should avoid overpaying just because of low-interest deals. Zero-interest loans promotions may attract buyers who fail to qualify for such programs.Does applying for a credit card hurt your credit? ›
Applying for credit cards can damage your credit scores. Just a single application may shave a few points off your score. But multiple applications for cards in a short span could suggest you are a riskier borrower than someone who applies less often.Can you transfer money from a credit card to a bank account? ›
It is possible to use a credit card to transfer money into a bank account by using a cash advance or balance transfer check, but we can't recommend it. Cash advances are risky because of the high interest rates and costly one-time fees. Balance transfers can lead to more debt if they're not handled correctly.How does credit card churning work? ›
Credit card churning is the process of opening cards for the sole purpose of earning welcome bonuses or other benefits. Usually, it involves closing cards after the bonus posts to your account and before the next annual fee is charged. A pattern of opening and closing cards quickly is often a red flag for card issuers.How can I get cash from my credit card without cash advance? ›
You can also avoid cash advances and get cash from a credit card using prepaid cards. You can take a few approaches, but the most direct and immediate one is buying a Mastercard gift card with a sufficient amount of cash on it using your credit card and withdrawing that cash from an ATM.Is Bank of America hard to get a credit card with? ›
Your Bank of America credit card approval odds are best if you have a credit score of 750 or higher. Most Bank of America credit cards require excellent credit for approval. You can also check for Bank of America pre-approval to get a better sense of your BofA credit card approval odds.Which credit score matters more TransUnion or Equifax? ›
Which Credit Score Matters More, TransUnion or Equifax? The truth is your lender can choose any of the two or even both of these scores. It all boils down to the lender's preferences and what aspects of your finances they're interested in. Either way, both scores offer equally valuable information.
You can check for Bank of America pre-qualification online, but you should know pre-qualification does not mean 100% approval odds. And while the pre-approval check doesn't lower your score, if you choose to apply for the card your score will take a small hit.What is Bank of America's highest credit limit? ›
Highest “Bank of America” Credit Limit: $95,000
Research indicates that the Bank of America® Unlimited Cash Rewards credit card offers the highest credit limit — $95,000 — among BOA cards.
|Generation||Average FICO Credit Score||Average Credit Limit|
|Generation Z (ages 18 to 22)||667||$8,062|
|Millennials (ages 23 to 38)||668||$20,647|
|Generation X (ages 39 to 54)||688||$33,357|
|Baby Boomers (ages 55 to 73)||731||$39,919|
A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt. What qualifies as a good credit limit differs from person to person, though.What is a good credit score for Wells Fargo? ›
Share this page. A strong credit score — 760 and above — may give you important financial advantages, including access to more options, lower interest rates, and more lender choices.What credit score is needed for Wells Fargo? ›
Wells Fargo credit card approval odds are best for people who have good credit. Therefore, all Wells Fargo credit cards require a credit score of 700+.Is the Wells Fargo reflect card metal? ›
No, Wells Fargo does not offer any metal credit cards.Is Bank of America hard to get a credit card with? ›
Your Bank of America credit card approval odds are best if you have a credit score of 750 or higher. Most Bank of America credit cards require excellent credit for approval. You can also check for Bank of America pre-approval to get a better sense of your BofA credit card approval odds.What is the credit limit for Wells Fargo reflect card? ›
The starting credit limit for the Wells Fargo Reflect card is $1,000 or more. Everyone who gets approved for Wells Fargo Reflect is guaranteed a credit limit of at least $1,000, and particularly creditworthy applicants could get limits a lot higher than that.What credit score do you need for Wells Fargo reflect card? ›
What credit score do you need for a Wells Fargo Reflect® Card? Like many other top balance transfer credit cards, you'll need 660 - 850 credit to qualify for the Wells Fargo Reflect® Card — this typically means having a FICO Score of at least 660.
Which Credit Bureau Does Bank of America Use? While Bank of America may pull credit reports from any of the major credit bureaus: Experian, Equifax and TransUnion, consumer-reported data suggests the bank relies heavily on Experian to source many credit reports, followed by Equifax and TransUnion.What is the easiest card to get approved? ›
- Secured Sable ONE Credit Card.
- Petal® 2 Visa® Credit Card.
- The First Progress Platinum Elite Mastercard® Secured Credit Card.
- Bank of America® Customized Cash Rewards Credit Card for Students.
- Credit One Bank® Platinum Visa® for Rebuilding Credit.
1. HDFC Bank instant approval credit card. HDFC Bank credit cards are not only 100% secure, but they also provide instant activation and ownership.How can I raise my credit score 200 points in 30 days? ›
- Get More Credit Accounts.
- Pay Down High Credit Card Balances.
- Always Make On-Time Payments.
- Keep the Accounts that You Already Have.
- Dispute Incorrect Items on Your Credit Report.
No, Wells Fargo does not offer any metal credit cards.How often does Wells Fargo Give credit line increases? ›
Wells Fargo will automatically increase the credit limit for eligible credit card accounts based on periodic account reviews that typically begin six months after an account is opened. Automatic credit limit increases are done at Wells Fargo's discretion, and there's no guarantee when one will occur.Does AMEX increase credit limit automatically? ›
Yes, Amex increases credit limits automatically. This might happen if you have excellent creditworthiness and make all your payments on time. Paying your balances in full each month or maintaining a low credit utilization ratio might also work in your favor.Which FICO score does Wells Fargo use? ›
While Wells Fargo uses FICO® Score 9 for some credit decisions, there are many different credit scores available to consumers and lenders. FICO® Scores are the credit scores used by most lenders, but different lenders (such as auto lenders and credit card lenders) may use different versions of FICO® Scores.Which credit bureau does Wells Fargo pull from? ›
Wells Fargo uses all three major credit bureaus: Equifax, Experian, and TransUnion. Either one or more credit bureaus may be used when evaluating a Wells Fargo credit card application.What is a Wells Fargo reflect Visa card? ›
Wells Fargo launched a credit card geared toward consumers who need an extended period of purchasing flexibility. With up to 21 months 0% APR intro period (after, 15.24% - 27.24% variable APR), the Wells Fargo Reflect® Card allows cardholders to finance their purchases for nearly two years without any interest charges.
Which Credit Score Matters More, TransUnion or Equifax? The truth is your lender can choose any of the two or even both of these scores. It all boils down to the lender's preferences and what aspects of your finances they're interested in. Either way, both scores offer equally valuable information.How accurate is Bank of America pre approval? ›
You can check for Bank of America pre-qualification online, but you should know pre-qualification does not mean 100% approval odds. And while the pre-approval check doesn't lower your score, if you choose to apply for the card your score will take a small hit.What is a FICO score 8? ›
FICO Score 8 is a base score, which means that it is used to consider the risk of a borrower not making payments on any type of loan. Other types of FICO Score are used for a specific type of borrowing, such as an auto loan.