The best Bank of America balance transfer offer is the BankAmericard Credit Card, which has 0% balance transfer APR for the first 15 months and sometimes offers a special $0 transfer fee for the first 60 days your account is open. The same Bank of America balance transfer offer also is available to students with limited credit or better.
Several other Bank of America credit cards offer 0% balance transfer APRs for 12 months. But they also charge 3% balance transfer fees. While Bank of America Travel Rewards and Premier Rewards credit cards do allow balance transfers, there’s no intro APR and they charge a 3% transfer fee. Needless to say, they didn’t make the list.
Bank of America allows you to transfer several types of debt. Options include auto loans, student loans, mortgages, small business loans and payday loans. You just can’t transfer debt between BofA products.
Balance transfers take at least 14 days to complete, so initiate your transfer as soon as possible because the APR period starts as soon as you open your account. The standard APR range for Bank of America credit cards is 16.74%-24.74%. So that’s what you’ll pay on any balance left over after a 0% intro rate.
Here are the best Bank of America balance transfer offers:
BankAmericard Credit Card: 0% APR for 15 months. $0 transfer fee for 60 days (not always available). Excellent credit required.
BankAmericard for Students: 0% APR for 15 months. $0 transfer fee for 60 days (not always available). Limited or fair credit accepted.
Bank of America Cash Rewards: 0% APR for 12 months when completed in first 60 days. 3% transfer fee ($10 min). Excellent credit required.
World Wildlife Fund Cash Rewards Visa: 0% APR for 12 months when completed in first 60 days. 3% transfer fee ($10 min). Good credit required.
Allegiant World Mastercard: 0% APR for 12 months when completed in first 60 days. 3% transfer fee ($10 min). Good credit required.
So, there are two very good Bank of America balance transfer deals: the BankAmericard Credit Card and the BankAmericard Credit Card for Students. But if neither suits your needs, consider Chase Slate and Amex EveryDay. Chase Slate gives people with good credit 15 months (while Amex 12 months) 0% APR and a $0 transfer fee.
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