How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
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 Purchase APR
0% Intro APR for 18 billing cycles for purchases
Regular Purchase APR
15.74% - 25.74% Variable APR
Intro BT APR
0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
Regular BT APR
15.74% - 25.74% Variable APR on balance transfers
Annual Fee
$0
Cash Advance Fee
4% of the amount of each transaction
Foreign Transaction Fee
3%
Balance Transfer Fee
3% intro fee for 60 days, then 4%.
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 15.74% - 25.74% 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 15.74% - 25.74% Variable APR on balance transfers applies.
The balance transfer fee is reasonable
There’s a balance transfer fee of 3% intro fee for 60 days, then 4%. Some cards charge a balance transfer fee up to 5%, so 3% is reasonable.
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.
The card offers an intro APR of 0% intro apr for 18 months on balance transfers. After that, a 18.49% - 28.49% (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. After that, your fee will be 5% of each transfer (minimum $5)
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. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25. The annual fee is $0.
| Credit Cards | Our Ratings | Intro Balance Transfer APR | Regular Balance Transfer Rate | Balance Transfer Fee | |
|---|---|---|---|---|---|
|
BankAmericard® credit card*
|
0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days | 15.74% - 25.74% Variable APR on balance transfers | 3% intro fee for 60 days, then 4%. | ||
Citi Double Cash® Card
 Apply Now
on Citibank's secure site Rates & Fees |
0% intro APR for 18 months on Balance Transfers | 18.49% - 28.49% (Variable) | 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) |
Apply Now
on Citibank's secure site Rates & Fees |
|
U.S. Bank Visa® Platinum Card*
|
0% intro APR for 21 billing cycles on Balance Transfers | 18.24% - 29.24% (Variable) | An introductory fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, for balances transferred within 60 days of account opening. After that, either 5% of the amount of each transfer or $5 minimum, whichever is greater. | ||
Chase Freedom Flex℠*
|
0% intro APR on balance transfers for 15 months | 19.74% - 28.49% variable | Intro fee: $5 or 3%. After 60 days: $5 or 5%. |
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.
The information related to the BankAmericard® credit card, U.S. Bank Visa® Platinum Card and Chase Freedom Flex℠ has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
