How does BankAmericard credit card work?

You’ll see in this post, how it works, fees, interest rates, and much more.

Offering financial services since 2010, Bank of America is one of the top US banks. The bank offers several financial services that meet the needs of diverse audiences.

In this way, it is possible to apply for credit cards, auto and home loans, create a saving account, etc.

Bank of America has its main focus on technology, in this way, it is gaining more space in the financial market.

When it comes to good quality service, Bank of America specializes in this, so it has more than 700 bank branches and about 2000 ATMs.

How does it work it?

BankAmericard works like a card whose main objective is to help customers finance a large purchase or pay off a large debt.

One of the main differentiators of the BankAmericard credit card is its low introductory APR offer: Get a 0% introductory APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days.

What is card limit?

There is no minimum or maximum credit limit. However, the card does require excellent credit, that is, above 690.

Does it have interest rates?

• Regular APR: 14.24% – 24.24% (Variable).
• Purchase Intro APR: 0% introductory APR for 21 billing cycles for purchases.
• Balance Transfer Intro APR: 0% introductory APR for 21 billing cycles for any balance transfers made in the first 60 days.

Does it have fees?

• Annual fee: $0.
• Foreign purchase transaction fee: 3%

Who can get the card?

It’s possible to get it if you have a credit score of at least 690. Also, you need to have a good credit history as the bank will check several factors which include your income and other debts.

How to apply for it?

Getting this card is not so hard, you just must meet all the bank requirements and fill the application information, which includes:

• Personal information: Name, birth of date, nationality, email address, phone number, etc.
• Contact information: Phone number and current address.
• Finance information: Annual personal income, your employment status, employer contact details, etc.

What happens after you apply for the BankAmericard?

The bank will analyze your application, and if you qualify, the card will arrive at your home in 7-10 business days.

Frequently asked questions:

Is the BankAmericard credit card a Visa or Mastercard?

It is a Mastercard credit card.

Does the BankAmericard credit card offer rewards?

No, it doesn’t, but Bank of America offers options of credit card with travel rewards, points, and cash back.

What is the highest credit limit for Bank of America?

 It is $95,000.