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BankAmericard: terms, score and downsides Not credit advice. Facts and math from issuer pages and the CFPB, each with its date. Offers change; approval depends on your credit. Verify on the issuer's site.
Rubric score 57.9% across 78 cards. Issuer page ↗
Downsides first 3% foreign transaction fee Late fee up to $40 Terms & fees Issuer Bank of America Type balance transfer Annual fee $0 bankofamerica.com, 2026-10-12 Regular purchase APR 15.24%–26.24% variable bankofamerica.com, 2026-10-12 Rewards 0% base bankofamerica.com, 2026-10-12 Sign-up bonus (≈$) $0 No bonus bankofamerica.com, 2026-10-12 Intro APR 21 months 0% for 21 billing cycles bankofamerica.com, 2026-10-12 Foreign transaction fee 3% files.consumerfinance.gov, 2025-12-31 Penalty APR none Issuer page: no penalty APR bankofamerica.com, 2026-10-12 Late fee up to $40 up to (first and repeat late fee) files.consumerfinance.gov, 2025-12-31 Balance transfer fee 4% files.consumerfinance.gov, 2025-12-31 Cash advance fee 5% files.consumerfinance.gov, 2025-12-31 Credit needed 620–719, 720+ (CFPB TCCP targeted tiers) files.consumerfinance.gov, 2025-12-31 Grace period 25 days files.consumerfinance.gov, 2025-12-31 Cash advance APR 29.24% files.consumerfinance.gov, 2025-12-31 CFPB survey APR (2025-12-31) 14.49%–26.74% files.consumerfinance.gov, 2025-12-31 older; issuer figure above is newer Complaint record (CFPB) Complaints, last 12 months 23,829 Trend ▲ 35.9% (last 12 mo 23,829 vs prior 12 mo 17,533)Timely response (last 36 mo) 99.2% Per $1B deposits (12 mo) 11.23 Top issue Managing an account Insurance status FDIC-insured: Bank of America, National Association (cert 3510, active; deposits $2,121.8B as of 06/30/2026) Company-level (BANK OF AMERICA, NATIONAL ASSOCIATION), all products, as of 2026-10-12. Bank of America (incl. Merrill) complaints: full record → Shown for context; does not change the score.
Score breakdown Annual fee 10.0 /10 Annual fee $0 (as of 2026-10-12). Rubric: $0=10, ≤$95=8, ≤$395=5, ≤$695=3, more=1 (perks/credits are not counted). Rewards rate 0.0 /10 Base 0% on everything, top category 0% (as of 2026-10-12; points/miles valued at 1¢). Score = base/2%×7 + min(top,6)/6%×3. 0% base Sign-up bonus 0.0 /10 Bonus ≈ $0: No bonus (as of 2026-10-12). Score = value/$75, max 10. Intro 0% APR 10 /10 0% for 21 billing cycles (as of 2026-10-12). Score = months/21×10. Regular APR 9.5 /10 15.24%–26.24% variable (as of 2026-10-12); midpoint 20.74%. Score = (34 − midpoint)/1.4, 0–10. Foreign transaction fee 3.0 /10 3% foreign transaction fee (as of 2025-12-31). Regulatory record (CFPB) 8.0 /10 Issuer Bank of America: Base 10, −2 CFPB 2023-07 0.143×10.0 + 0.143×0.0 + 0.143×0.0 + 0.143×10 + 0.143×9.5 + 0.143×3.0 + 0.143×8.0 = 5.79 → 57.9%
Is BankAmericard worth it? (break-even math) → Value for my spending →
Compare with BankAmericard vs Citi Simplicity · BankAmericard vs Wells Fargo Reflect · BankAmericard vs U.S. Bank Shield Visa · BankAmericard vs Citi Diamond Preferred · BankAmericard vs Navy Federal Platinum
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FAQ What is the BankAmericard annual fee? $0
What is the BankAmericard APR? 15.24%–26.24% variable
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