The BankAmericard^® credit card is a no-frills card with lengthy introductory APR periods on purchases and balance transfers and a $0 annual fee. It doesn’t offer ongoing value in the form of rewards, but it’s a great tool for paying off a big purchase over time or digging out of high-interest credit card debt.

Just note that when doing a balance transfer, you can never transfer debt between cards from the same issuer, so the BankAmericard^® credit card should be used if the debt you want to transfer is not on another Bank of America card.

• Intro APR on purchases and balance transfers

  Those planning a large purchase and hoping to avoid incurring interest payments will appreciate this card’s 0% Intro APR for 18 billing cycles for purchases. After, a 15.24% - 25.24% Variable APR applies.

  Meanwhile, if you’ve got high-interest debt on another card that you’re struggling to pay off, this card’s balance transfer offer could provide some breathing room with a 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days. After, a  15.24% - 25.24% Variable APR on balance transfers applies.

• The balance transfer fee is reasonable

  There’s a balance transfer fee of either $10 or 3% of the amount of each transaction, whichever is greater. Some cards charge a balance transfer fee up to 5%, so 3% is reasonable.

• Earn a sign-up bonus

  If you’re planning a big purchase, in addition to this card’s lengthy intro APR, you’ll appreciate that it offers the chance to earn a sign-up bonus. Earn a $100 statement credit online bonus after making at least $1,000 in purchases in the first 90 days of account opening.

• No annual fee to carry the card

  With a $0 annual fee, you can use the BankAmericard^® credit card to help you get out of debt without having to worry that it’s costing you to carry the card.

• There's no penalty APR if you pay late

  Many cards increase your interest rate if you pay late or do not pay — that’s known as a penalty APR, and the BankAmericard^® credit card doesn’t have that. However, payment history is the most important factor influencing your credit score, so you should always pay on time even when using a card with no penalty APR.

• You won't earn rewards

  If you want a card that earns rewards so you can keep it in your wallet after the intro APR ends, the BankAmericard^® credit card might not be the card for you. Instead, you may want to consider a card that offers rewards in addition to an intro APR on balance transfers, such as the Citi^® Double Cash Card – 18 month BT offer.

Compare it to the Citi^® Double Cash Card – 18 month BT offer

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Citi^® Double Cash Card – 18 month BT offer

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Citi^® Double Cash Card – 18 month BT offer

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Intro Purchase APR N/A

Regular Purchase APR 16.24% - 26.24% (Variable)

Annual Fee $0

Rewards Rate Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.… Read More

Highlights

• Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
• To earn cash back, pay at least the minimum due on time.
• Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness.
• Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
• If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
• There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Typical Credit Needed

660 850

Show Detailsfor Citi Double Cash Card

If you want a card with a lengthy intro APR on balance transfers, as well as ongoing value after you’ve paid off your balance in the form of a cashback program, the Citi® Double Cash Card might be what you need.

The card offers an intro APR of 0% for 18 months on balance transfers. After that, a 16.24% - 26.24% (variable) APR applies. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.

There’s also an excellent flat-rate cashback program, so after you pay off your transferred balance, the Citi® Double Cash Card is worth keeping in your wallet. Cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. The annual fee is $0.

If you need to transfer a balance from a credit card not issued by Bank of America, the BankAmericard^® credit card gives you a long time to pay down your debt, and charges a reasonable balance transfer fee.

Consumers planning a big purchase will also appreciate the lengthy intro APR on purchases.

The BankAmericard^® credit card‘s main weakness is that it doesn’t come with a rewards program to offer ongoing value after the intro APR ends. The Citi® Double Cash Card , on the other hand, offers a rewards program and an intro APR on balance transfers — but there is no intro APR on purchases.

Ultimately, if your sole focus is on using the BankAmericard^® credit card to avoid incurring interest charges and have time to pay off debt, it’s an excellent option.