How much is the Bank of America balance transfer fee?

The BankAmericard credit card balance transfer fee is 3% (min $10). The balance transfer fee on the BankAmericard credit card is assessed when an eligible debt is moved to the card, and the fee amount will be automatically added to the balance.

This credit card is great for balance transfers, as it offers an introductory APR of 0% for 21 billing cycles for any balance transfers made in the first 60 days, which can help cardholders save money on interest. For reference, the average balance transfer card offers low interest for 13 months and charges a transfer fee of 2.53%. But keep in mind that a regular APR of 14.99% - 24.99% Variable will apply to the balance after the intro period ends.… read full answer

There are very few credit cards without a balance transfer fee, so you shouldn’t rule out a balance transfer card simply because of the fee. Instead, you should take all factors into consideration using WalletHub’s Balance Transfer Calculator.

To do a balance transfer with Bank of America, new applicants can just complete the balance transfer portion of a Bank of America credit card application. Existing cardholders can request a balance transfer online or by calling customer service at (800) 732-9194.

Bank of America balance transfers usually take 14 days to process. In the meantime, continue to make payments on your original debt in order to avoid any late fees and possible damage to your credit score.… read full answer

How to Do a Balance Transfer with Bank of America (New Applicants)

1. Open the application for the Bank of America balance transfer card you want to apply for.
2. Enter the account number for your existing balance.
3. Enter the amount you want to transfer.
4. Include standard application info such as your name, Social Security number, and annual income.
5. Submit the application.

How to Do a Balance Transfer with Bank of America (Existing Cardholders)

1. Log in to your Bank of America
2. Select “Credit Cards” from the “Help & Support” menu.
3. Click “Request a balance transfer.”
4. Enter the account number(s) and the amount(s) you’d like to transfer.
5. Verify your information is correct and submit the application.

Key Things to Know About Bank of America Balance Transfers

Bank of America accepts balance transfers from other issuers’ credit cards, along with retail or department store cards, gas cards, and other personal lines of credit. Bank of America does not allow balance transfers from other Bank of America credit accounts.

If you’re transferring a balance to a credit card with an introductory APR on balance transfers, try to pay off the balance before the introductory rate expires. Any balance remaining after that will accumulate interest daily at the card’s regular APR. Using a balance transfer calculator can be a big help.

Finally, there is a balance transfer fee of 3% (min $10) on Bank of America balance transfers. Make sure to take this into account, too.

The best Bank of America balance transfer offer is 0% for 21 billing cycles for any balance transfers made in the first 60 days after getting the BankAmericard® credit card and paying a balance transfer fee of 3% (min $10). The card’s regular APR is 14.99% - 24.99% Variable. The BankAmericard credit card has a$0 annual fee.

Bank of America balance transfers work with several types of debt, including balances from credit cards, auto loans, student loans, mortgages, and more. You just can’t transfer debt between BofA products.… read full answer

Best Bank of America Balance Transfer Offers

The BankAmericard credit card has an intro APR of 0% for 21 billing cycles for any balance transfers made in the first 60 days. The card’s regular APR is 14.99% - 24.99% Variable. There is also a 3% (min $10) balance transfer fee.

The Bank of America Customized Cash Rewards credit card has an intro APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days. The card’s regular APR is 16.99% - 26.99% Variable. There is also a 3% (min $10) balance transfer fee.

The Bank of America Unlimited Cash Rewards credit card has an intro APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days. The card’s regular APR is 16.99% - 26.99% Variable. There is also a 3% (min $10) balance transfer fee.

The BankAmericard® Credit Card for Students has an intro APR of 0% for 21 months. The card’s regular APR is 14.99% - 24.99% (V). There is also a 3% (min $10) balance transfer fee.

Balance transfers with Bank of America take at least 14 days to complete. Initiate your transfer as soon as possible because the intro APR period starts as soon as you open your account. When the intro period ends, any remaining balance will accrue interest at the card’s regular APR.

Keep in mind that you will need good or excellent credit to qualify for most of these cards, and you need to be a student to get the BankAmericard® Credit Card for Students.