Review: BankAmericard Visa

This post comes from Logan Abbott, editor of the credit cards section of MyRatePlan.com.

The BankAmericard Visa Card is a simple-to-use credit card with a favorable introductory 0 percent APR period on both purchases and balance transfers, and no annual fee.

Advantages

  • 0 percent APR introductory period on purchases and balance transfers. Cardholders receive a 0 percent APR introductory period on both purchases and balance transfers for 15 months. After that, the variable APR is 10.99 to 20.99 percent based on the cardholder’s creditworthiness.
  • No annual fee. There’s no annual fee to use the BankAmericard Visa.

Disadvantages

  • No rewards program. The card requires excellent credit, but does not offer a rewards program. Similar cards like the Citi Simplicity Card offer longer 0 percent introductory APR periods on purchases and balance transfers. Another card, the Discover it, offers a 14-month introductory APR on purchases and balance transfers as well as a generous cash-back program.

Bottom line

Get it if: You have great credit and want a credit card with no annual fee and a long introductory 0 percent APR period on purchases and balance transfers.

Forget it if: You have less than excellent credit, or want a credit card that offers a rewards program in addition to the benefits the BankAmericard Visa offers.

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Note: While we attempt to be completely objective when reporting on credit cards, this site may be compensated by issuers when a reader applies for a credit card through the links within credit card stories or on our credit card search page. Also note that any terms, rates or other features described in this article can change without notice. Always double-check everything with the issuer before applying for any credit card.

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Comments & discussion

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  • Jcatz4

    My BankAmericard Visa Credit card has CASH REWARDS so why do you say that it doesn’t??

  • CatWoman54

    The article is referring to the basic/no frills Bank of America Visa card. It has a LONGER period of time to take advantage of the 0% introductory APR, 15 months, whereas their other cards are only 12 months. They still offer Cash Rewards, Travel Rewards Cards, etc. If someone was planning a large purchase or do a balance transfer they wanted to pay off over time, this card would be ideal. I just got the Travel Rewards card-it has 12 months 0% intro but pays you 1.5 points per dollar spent PLUS ZERO international transaction fee. So if you need an excuse to travel-LOL