BankAmericard® from Bank of America
This Mastercard from Bank of America offers an introductory 0% APR for 18 months on purchases and balance transfers, then a variable APR of 16.24% - 26.24%.
The BankAmericard® credit card, issued by Bank of America and operating on the Mastercard network, offers a straightforward approach to credit with no rewards program or statement credit opportunities. Its primary appeal lies in its introductory APR offer. New cardholders enjoy a 0% APR on purchases for the first 18 billing cycles, providing an interest-free period for initial spending and balance paydown. This introductory rate also applies to balance transfers made within the first 60 days of account opening, making it a potentially attractive option for consolidating existing debt.
Following the introductory period, a variable APR of 16.24% - 26.24% applies to both purchases and balance transfers. While the card does not charge an annual fee, it does impose a 3% balance transfer fee and a 3% foreign transaction fee. Individuals with a recommended FICO credit score range of 690 to 850 may find this card suitable for its introductory APR benefits and lack of annual fee. However, the absence of rewards and the presence of foreign transaction fees may deter those seeking travel or cashback benefits.
