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BankAmericard® credit card review: Great for saving on interest
Great for simplifying your debt
Annual Fee: $0
This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.
Here’s the average credit limit of members who matched their BankAmericard® credit card or similar cards.
% of members by credit limit range
The average credit limit for members who have matched with this card or similar cards is $9,255, with $500 being the most common.
Here’s the average credit score of members who matched their BankAmericard® credit card or similar cards.
% of members by credit score range
The average credit score for members who have matched with this card or similar cards is 696, with 813 being the most common. Note this is just one of the deciding factors when it comes to getting approved.
Member stats
Updated daily
31.1%
Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.
47 years
Average age of members who matched this card or similar cards.
$98,040
Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.
Pros and cons
Image: yes0% intro APR offer on purchases and balance transfers
Image: yesNo annual fee
Image: yesNo penalty APR
Image: ConNo rewards program
Image: ConOngoing APR for purchases and balance transfers after the promotion can be high
BankAmericard® credit card review
Updated December 20, 2024
This date may not reflect recent changes in individual terms.
Written by: Ben Luthi
BankAmericard® credit card: Core features to know
If your top priority is to save money while financing a big-ticket expense or paying down credit card debt, the BankAmericard® credit card is an excellent choice.
Long 0% intro APR offer
The BankAmericard® credit card is primarily a balance transfer card, with one of the longest intro APR offers on the market.
The card offers an introductory 0% APR promotion for 18 billing cycles on balance transfers made within the first 60 days after the account opens, as well as on purchases. After that, the ongoing variable APR for both is 15.49% to 25.49%. And the balance transfer fee? 3% of the amount of each transaction during the first 60 days. After that, the fee is 4%.
If you transfer a high-interest credit card balance to BankAmericard® credit card, you might be able to save a significant amount of money. But do the math before you transfer a balance — and make sure to include the balance transfer fee in your calculation. Though the long intro period may appear to be an enticing offer, it’s good to be aware of any balance transfer risks before you decide to apply for the BankAmericard® credit card.
No rewards program
Depending on how you use the card’s introductory APR promotion, you can save a lot of money on interest over 18 billing cycles. But because the card doesn’t offer a rewards program, you might have a difficult time getting value from the card after the promotional period ends.
If you’re not worried about rewards, this feature won’t be a deal breaker. But if you want to get a little back whenever you use your card, you might want to consider other options.
On the other hand, the lack of a rewards program can help you focus on paying off a transferred balance because there won’t be other features to tempt you into using the card for too many new purchases.
Potential for a high APR
Introductory APR promotions can feel like a lifesaver if you need time to pay down a credit card balance. But if you carry a balance on the BankAmericard® credit card after the intro period ends, you could get hit with a regular variable APR of 15.49% to 25.49% on whatever is left over, as well as any purchases or other transfers you’ve made.
Other card details to know
For the most part, the BankAmericard® credit card is relatively straightforward without a lot of frills. But there are a handful of other benefits that can add value, including …
- No penalty APR if you miss a payment
- Compatible with Apple Pay, Google Pay and Samsung Pay
- Free access to your monthly FICO® credit score from TransUnion
- $0 annual fee
Who this card is good for
The BankAmericard® credit card does one thing and does it well: promotional APRs. So if you’re in need of a card with an introductory APR offer, put this card on your shortlist.
But remember: The card doesn’t have a rewards program. So if that feature is on your wish list, the BankAmericard® credit card might not be your best choice.
Not sure this is the card for you? Consider these alternatives.
If you’re on the fence about the BankAmericard® credit card, or just want some options to compare it with, consider these cards.
- Citi Double Cash® Card: If you’re planning to do a balance transfer but also want great rewards, consider this card.
- Wells Fargo Reflect® Card: This card comes with a long intro APR offer, plus an incentive to make on-time payments throughout the introductory period.
Member reviews
Most helpful positive review
July 4, 2023
Glad I applied even with all the neg reviews
— Credit Karma Member
Credit score 777, applied for 21 months 0% interest, got approved instantly for $19k. Not sure why a lot of people got denied, the devil in their details that we might not be getting in the reviews...
Most helpful negative review
May 9, 2023
Declined
— Credit Karma Member
Wow, I actually saw the reviews but thought, eh, most of these people seem like they're in a better situation, maybe this card is more predatory and will take a person with more debt and a touch of a lower score. Wrong. "Excellent" chances CreditKarma?? I'll be looking for a new card on Nerdwallet or something. Nonsense.