The Bank of America Cash Rewards credit card has an introductory purchase APR of 0% for 15 billing cycles after account opening. Once this intro period expires, any remaining balance on the Bank of America Cash Rewards credit card will be subject to the regular APR of 13.99% - 23.99% Variable.
Since the average 0% intro APR for new purchases lasts 12 months, the Bank of America Cash Rewards credit card offer isabove average. The Bank of America Cash Rewards credit card also has a 0% intro APR for balance transfers, lasting 15 billing cycles for any balance transfers made in the first 60 days. It is accompanied by a balance transfer fee of 3% (min $10).
It’s important to remember that even though you don’t pay interest during 0% APR periods, you still must make timely minimum payments each month. You should also consider paying more than the minimum, since you’ll want to pay off the credit card balance before the regular APR kicks in. For help planning your payments, try out WalletHub’s Credit Card Calculator.
Bank of America® Customized Cash Rewards credit card
The Bank of America Cash Rewards 0% APR offer consists of 0% promotions on purchases and balance transfers.
More specifically, you get 0% for 15 billing cycles on purchases and 0% for 15 billing cycles for any balance transfers made in the first 60 days. That gives you plenty of breathing room to pay down a big-ticket purchase.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.