Best Bank of America® balance transfer cards

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In a Nutshell

Bank of America has a number of balance transfer credit card offers. Many borrowers will likely find the BankAmericard® credit card to be the best choice, but students and those looking to earn rewards might want to consider other options.

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These offers are no longer available on our site: BankAmericard® credit card, Bank of America® Cash Rewards credit card

Bank of America offers a number of different credit cards with promotional offers on interest rates for balance transfers. Two of them stand out: the BankAmericard® credit card and its student version.

But while the BankAmericard® credit card has clear perks, it also has a downside: no rewards for purchases. For this reason, the BankAmericard® credit card — with its sign-up bonus and cash back for purchases — may also be worth a look.

  • Best for long intro APR period: BankAmericard® credit card
  • Best for rewards + balance transfer: Bank of America® Cash Rewards credit card
  • Best for students: BankAmericard® credit card for Students

At a glance: 3 balance transfer options from Bank of America

BankAmericard® credit card Bank of America® Cash Rewards credit card  BankAmericard® credit card for students
Annual fee $0 $0 $0
APR 0% intro APR for 16 billing cycles from account opening for purchases and balance transfers made within 60 days of account opening (then a variable APR of 14.99% - 24.99% on both) 0% intro APR for 12 billing cycles from account opening for purchases and balance transfers made within 60 days of account opening (then a variable APR of 15.24% - 25.24% on both) 0% intro APR for 15 billing cycles from account opening for purchases and balance transfers made within 60 days of account opening (then a variable APR of 14.99%-24.99% on both)
Balance transfer Fee Intro $0 balance transfer fee for the first 60 days from account opening, then 3% (minimum $10) 3% (minimum $10) Intro $0 balance transfer fee for the first 60 days from account opening, then 3% (minimum $10)

Best for long intro APR period: BankAmericard® credit card 

The BankAmericard® credit card wins hands down if you’re transferring a balance and not looking for other cardholder perks.

Along with a $0 annual fee and a long intro APR on purchases and balance transfers, it offers an introductory $0 balance transfer fee as long as you apply for the card directly through Bank of America and complete your transfer in those first 60 days from account opening. Otherwise, you’ll pay 3% (minimum $10) of the amount you transfer.

(Note: If you apply for the BankAmericard® credit card through a third party, you might not get the intro $0 balance transfer fee offer. For example, if you apply through Credit Karma, you’ll be charged the full balance transfer fee, even within the first 60 days.)

While the BankAmericard® credit card may be great for balance transfers, there’s no sign-up bonus for opening the card and no rewards for purchases.

Best for rewards + balance transfer: Bank of America® Cash Rewards credit card

The Bank of America® Cash Rewards credit card offers a 0% intro APR on balance transfers and on purchases, too. But this introductory APR lasts for just 12 billing cycles from account opening. After the intro period is up, there will be a variable APR of 15.24% - 25.24% on balance transfers, as well as on purchases.

Plus, the card charges a 3% (minimum $10) fee for balance transfers regardless of when the transfer is made. Paying up front for the transfer and having less time to pay down your balance are big downsides.

But if you think you can pay off your balance in the shorter time period and want a card with rewards, the perks could make this card worthwhile.

  • $200 online cash rewards bonus after spending at least $500 in purchases within the first 90 days of account opening
  • 3% cash back on gas and 2% back at grocery stores and wholesale clubs on the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
  • 1% cash back on all other purchases

From our partner

If you’re already spending at least $167 a month on gas, you could really use this card’s perks to your advantage. Spending at least that amount on eligible gas purchases each month (within the first 90 days) could earn you a sign-up bonus and you’ll earn 3% cash back.

Keep reading: The best Bank of America® cash back credit cards

Best for students: BankAmericard® credit card for students

If you’re a student focused on getting an affordable balance transfer while also learning how to build good credit habits, the BankAmericard® credit card for students could be the card for you.

The card’s balance transfer offer is similar to that of the BankAmericard® credit card, but it’s specifically for students. (When you apply, you’ll be asked about your current student status.)

Of course, there are also no rewards offered for this card and you won’t earn a sign-up bonus for opening it — the same big downsides of the BankAmericard® credit card.

But the BankAmericard® credit card for students does offer overdraft protection and account alerts. For students just starting out and trying to build credit history, these features could help.

Heads up: Rates can go up big-time when the introductory APR expires

No matter which Bank of America® card you might choose, know that regular interest rates kick in after the intro APR expires for both purchases and balance transfers.

The interest rate on balance transfers and purchases for both the BankAmericard® credit card and the BankAmericard® credit card for students is a variable rate of 14.99% - 24.99% after the intro period expires (16 billing cycles after account opening). And the Bank of America® Cash Rewards credit card charges a variable APR on balance transfers and purchases of 15.24% - 25.24% once the intro APR period ends.

Make sure you pay off any balance transfers and purchases before the rates go up to avoid paying interest.

Learn more: How to do a balance transfer in 6 steps

Bottom line: Which card is best for you?

The BankAmericard® credit card is our top choice if you are looking for more time to pay off your balance transfer (or its student version if that applies to you).

From our partner

BankAmericard® credit card

From cardholders in the last year

But if you’ll be making a smaller balance transfer and want to earn rewards, check out some of the other options from Bank of America®, like the BankAmericard® credit card.


Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors' opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when it’s posted.