christopher_stout_1, Member
@christopher_stout_1
The Bank of America balance transfer fee 3% of the amount transferred (min. $10). The best Bank of America cards for balance transfers are the BankAmericard, which gives you 0% APR for 15 months when you transfer a balance. Also, The Bank of America Cash Rewards card offers 0% interest for 12 months on balance transfers Terms also apply to the Student version of both cards.
With Bank of America balance transfer offers, you should act fast. The 0% APR applies to transfers made in the first 60 days.
When you transfer a balance, you’re shifting debt from another credit account to a Bank of America card. Presumably, you’re doing this to save interest every month.
Most Bank of America credit cards will allow you to transfer a balance. Some, such as the Travel Rewards and Premium Rewards cards, however, don’t offer a 0% introductory rate, and will still charge a transfer fee. If you’re transferring a balance, be sure that your card has an introductory low or 0% APR. Otherwise, you’re defeating the purpose.
Here are Bank of America credit card balance transfer fees:
- Bank of America Cash Rewards and Student Card: 3%, $10 minimum
- BankAmericard and Student Card: 3%, $10 minimum
- Bank of America Travel Rewards and Student Card: 3%, $10 minimum
- Bank of America Premium Rewards: 3%, $10 minimum
- Business Advantage Cash Rewards: 4%, $10 minimum
- Platinum Visa Business: 4%, $10 minimum
- Platinum Plus for Business Mastercard: 4%, $10 minimum
- Business Advantage Travel Rewards: 4%, $10 minimum
A balance transfer to a Bank of America credit card shouldn’t be a means to avoid late payments. A balance transfer takes, on average, about two weeks to process. If the payment due date on your current debt falls within that timeframe, you should still make payments on that balance before it transfers to the new card.

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