What is Bank of America (Credit Card) AmeriCard?
Bank of America AmeriCard is a type of credit card offered by Bank of America, one of the largest financial institutions in the United States. The BankAmericard credit card does not charge an annual fee , and offers a number of features such as balance transfers, an easy-to-use online banking interface, and the ability to customize your security preferences.
In addition to its standard BankAmericard credit card, Bank of America also offers a secured version of the card that is designed for customers who are looking to build or improve their credit. The BankAmericard Secured Credit Card requires a deposit , which is used as collateral for your credit limit, and can help you establish a credit history or improve a damaged one.
Overall, Bank of America's AmeriCard credit cards are a good choice for anyone who is looking for a simple and straightforward credit card option with no annual fee, the ability to customize security preferences, and the convenience of online banking. Whether you are a student looking to build your credit, or an established cardholder looking for a no-frills option, the BankAmericard credit card from Bank of America is definitely worth considering.
Frequently Asked Questions about bank of america (credit card) americard
The best balance transfer cards let you take advantage of special introductory APRs, and the BankAmericard has generous intro APR offers for both purchases and balance transfers. Depending on the ongoing APR (or interest rate) you qualify for, the BankAmericard could also be an excellent low-interest credit card.
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.
BankAmericard benefits
- 0% intro APR for 18 billing cycles.
- Lower ongoing variable APR.
- No penalty APR.
- No annual fee.
- $0 fraud liability.
- Free FICO score access.
- Museums on Us.
- BankAmeriDeals.
Top Picks for Bank of America Credit Cards:
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card: Best Bank of America business card. Bank of America® Premium Rewards® credit card: Best Bank of America travel card. Bank of America® Unlimited Cash Rewards credit card: Best for cash back.
WalletHub, Financial Company
The BankAmericard credit card credit limit will vary based on each applicant's credit standing. But many cardholders report initial credit limits ranging from $1,000 to $15,000 in some online forums.
Card Details
Introductory 0% † APR for your first 18 billing cycles for purchases, and for any balance transfers made within 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. A 3% fee applies to all balance transfers.
NerdWallet's Best Bank of America Credit Cards of October 2023
- Bank of America® Customized Cash Rewards credit card: Best for Bonus category cash back.
- Bank of America® Unlimited Cash Rewards credit card: Best for Simple cash back.
- Bank of America® Travel Rewards credit card: Best for Travel.
The four major credit card networks in the United States are Visa, Mastercard, American Express and Discover. All four are widely accepted within the U.S. Abroad, your best bet may be Visa or Mastercard, because Amex and Discover acceptance lags in some countries.
The BankAmericard was introduced by Bank of America in 1958 as the first general purpose credit card. Prior to this, credit cards were either issued by specific retailers or were used for a specific purpose (e.g. Diners' Club was originally used in restaurants).
The BankAmericard is for those with good or excellent credit, which typically includes any FICO credit score of 670 or higher. Scores of 670 to 739 are considered good by FICO, while 661 to 780 is considered good by VantageScore.
Bank of America Customized Cash pros and cons
Bank of America Preferred Rewards members can earn up to 75 percent more cash back on all purchases. The card offers a generous intro APR period on purchases and balance transfers, so it's a great fit if you need to finance a purchase or pay off debt.
The Bank of America credit card annual fee ranges from $0 to $95, depending on the card. Most Bank of America consumer credit cards have $0 annual fees. The same goes for their business and student credit cards.
Bank of America Corporation
| Type | Moody's | Fitch |
|---|
| Long-term senior | A1 | AA- |
| Short-term | P-1 | F1+ |
| Subordinated | A3 | A |
| Junior Subordinated/Trust Preferred | Baa1 | BBB+ |
Chase
Chase (JPMorgan Chase & Co.)
Chase is arguably the top credit card issuer in the U.S., both in terms of purchase volume and card volume. Chase holds the largest share of the market in purchases, and comes in first for the number of cards. See our list of Best Chase credit cards.
There are three primary consumer credit bureaus (or credit reporting agencies): Equifax, Experian and TransUnion. Although each bureau is a different organization, they all collect consumer credit information that lenders and other parties use to evaluate an individual's credit risk.
Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
