7 Bank of America BankAmericard Benefits You Didn’t Know About

Written by Ashley Parks

Ashley Parks

Credit cards, student cards, subprime cards

Ashley Parks is a writer and editor with expertise in credit cards, credit building, banking, loans and consumer financial literacy. With over five years of professional experience, Ashley is passionate about helping people make the most informed decisions and providing guidance that is concise and accessible for all. She is a graduate of Texas Christian University, where she earned a B.A. in Theatre and Writing. While at Bankrate, Ashley worked primarily on best of pages and reviews, helping to match people with the best credit card products for their individual needs. Her subject matter niches include student credit and subprime credit. In her time at Newsweek, Ashley expanded her expertise to cover broader personal finance topics, chiefly student loans, small business and deposits content. She’s also covered an array of personal finance news as a reporter. Ashley is also a champion for video content and strategy, serving as a pioneer for using video to offer consumers a new way to engage with important topics. Beyond her workload, you’ll find Ashley wordsmithing original poetry, reading the latest hot book release, watching YouTube videos, and traveling when she can with her tiny poodle, Pepper, in tow. You can learn more about Ashley, her work and her artistic pursuits at her personal website, ashleynparks.co.
Read more
Edited by Emily Gadd

Emily Gadd

Credit Cards, Personal Finance, Health & Wellness

Linkedin

Emily Gadd is an SEO editor, responsible for writing about personal finance and credit cards. She got her start writing and editing at Healthline. She is passionate about creating educational content that makes complex topics accessible. Emily lives in Seattle with her husband and two cats.
Read more
Reviewed by Jasmin Baron

Jasmin Baron

Credit Cards, Travel Rewards, Loyalty Programs, Family Travel, Credit Building, Credit Scores

Linkedin

Jasmin Baron is CardCritics’ senior SEO editor, responsible for editing and writing credit cards, travel rewards, loyalty program, and other credit-related content. She is passionate about personal finance education and enjoys sharing tips and tricks for making the most credit card points and miles with her readers. Her expertise in maximizing credit card travel rewards originated from over two decades of aviation industry experience, including 18 years working as a pilot and college professor/flight instructor in her native Canada. Her work has appeared on sites such as CNN Underscored Money, Business Insider, The Points Guy, and point.me. When she’s not planning her next trip with credit card rewards, you’ll probably find her tinkering around in the kitchen, hanging out with her three kids, or playing with her dog, Benji.
Read more
Last Updated Sep 5, 2025

If you’re looking for a card that can help you tackle high-interest debt, the BankAmericard® credit card is one to consider. It offers a low intro APR on purchases and balance transfers, along with a handful of other benefits you should know about.

1. Intro APR Offer

The most noteworthy benefit of the BankAmericard credit card is the intro APR offer. This card offers a 0% Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 15.24% to 25.24% Variable APR on purchases and balance transfers will apply.

This intro offer applies to both purchases and balance transfers, making this card one of the most generous available, outside of cards offering up to 24 months of 0% interest.

2. Low Balance Transfer Fee

As is the case with all balance transfer cards, the BankAmericard credit card does have a balance transfer fee. A fee of 3% for 60 days from account opening, then 4% applies to all balance transfers.

3. No Annual Fee

While you’re working on paying off your debt, you won’t have to worry about paying an annual fee. Issuers often charge annual fees in exchange for more premium card perks. Since the BankAmericard credit card skips these extras, you don’t have to pay for them.

4. Museums on Us

This benefit allows all Bank of America cardholders to take advantage of their local museums and other cultural institutions. The first full weekend of each calendar month, cardholders can visit participating institutions and receive free general admission.

To use this benefit, you must present a valid ID and Bank of America card at a participating institution. You can find more information on participating institutions, eligibility requirements and exceptions at Bank of America’s Museums on Us website.

5. BankAmeriDeals

All Bank of America cardholders have access to BankAmeriDeals, which is a personalized cash back program that allows you to save on purchases with certain brands.

If your Bank of America credit card already earns rewards, the BankAmeriDeals perks are an additional value. The program also runs limited-time deals and special offers throughout the year. For more information, visit the BankAmeriDeals rewards page.

6. Debt Repayment With No Distractions

Although many reviews cite the BankAmericard credit card’s lack of bells and whistles as a con, that was the primary draw for me. I knew that I needed the card for a specific purpose: to give me a bit of breathing room to pay off debt and a few new purchases.

I understood myself and my tendency to chase rewards or welcome bonuses and overspend, so choosing a card that didn’t present that temptation was very important to me.

7. No Penalty APR

A penalty APR is a significantly higher interest rate that is applied when a cardholder violates the cardholder agreement, often through missing a card payment.

The penalty APR is often similar to the steep interest that applies when taking out a cash advance, with many hovering around the 30% mark.

It’s important to note that missing a payment can still result in late fees and a drop in your credit score.

The information related to the BankAmericard® credit card was collected by CardCritics™ and has not been reviewed or provided by the issuer of this product/card. Product details may vary. Please see issuer website for current information. CardCritics™ does not receive a commission for this product.

Frequently Asked Questions About Bank of America BankAmericard Benefits

Is the BankAmericard credit card hard to get?

People with the best chances of approval for the BankAmericard credit card will have credit in the good to excellent range, or a FICO score above 670. While it may be possible to access other balance transfer cards with a credit score outside of this range, the offers may be less competitive.

How do I get my $200 bonus from Bank of America?

The BankAmericard credit card doesn’t offer a $200 bonus. If you’re hoping to earn a $200 bonus from Bank of America, you’ll want to explore some of the best Bank of America credit cards, particularly, the bank’s rewards credit card offerings, like the Bank of America® Customized Cash Rewards credit card.

What is the BankAmericard credit card reward rate?

There is no reward rate on the Bankamericard, since it does not earn rewards on spending. The most noteworthy BankAmericard credit card benefits are the 0% Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 15.24% to 25.24% Variable APR on purchases and balance transfers will apply. This card also has no annual fee and no penalty APR.

Is the BankAmericard credit card good?

Each person’s individual financial needs will determine whether the BankAmericard credit card is good. If your sole focus is to pay down debt from a balance transfer and not much else, the BankAmericard credit card is a worthy option to consider. If you want a card with more competitive rewards or premium perks like airport lounge access and travel credits, you’ll need to look elsewhere.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics™ references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.