Maria Adams, Credit Cards Moderator
@m_adams
Bank of America credit card interest rates can be as low as 0% introductory APR for as long as 18 billing cycles. Regular, ongoing Bank of America credit card interest rates can be as low as 14.74% (V) or as high as 27.74% (V), depending on the card and the applicant’s credit standing.
Bank of America Credit Card Interest Rates by Card
- Bank of America® Customized Cash Rewards credit card: 17.74% to 27.74% Variable
- Bank of America® Premium Rewards® credit card: 19.74% to 27.74% Variable
- BankAmericard® credit card: 14.74% to 24.74% Variable
- Bank of America® Customized Cash Rewards Secured Credit Card: 27.74% (V)
- Bank of America® Unlimited Cash Rewards credit card: 17.74% to 27.74% Variable
- Bank of America® Travel Rewards credit card for Students: 17.74% to 27.74% Variable
Bank of America credit card interest rates are variable, meaning it can change based on certain economic conditions.
Bank of America gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card's payment due date. You won't owe any interest if you pay your balance in full during that timeframe. Should you decide to carry a balance on your credit card, it will accumulate interest daily at the card's regular APR.
In addition to the regular rate, Bank of America credit cards come with a separate interest rate for cash advances and a penalty rate for delinquent payments. The interest rates will be listed on the card's monthly statement and online account summary.
You can learn more by reading WalletHub’s guide to credit card interest rates.
Popular Bank of America Credit Cards
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Students
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Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
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People also ask
What is the highest credit card interest rate?
The highest credit card interest rate in recent memory was 79.9% on a card offered by First Premier Bank in 2010 but that offer’s not available anymore. The current highest credit card interest rate is 36% on the First PREMIER® Bank Mastercard Credit Card.
The next highest credit card interest rate seems to be 35.99%, charged by the Total Visa® Card and the Milestone® Mastercard®. These rates are very high when you consider that the average interest rate is only around 22.76%.
... read full answer by Jane Parker, WalletHub Credit Card AnalystHow do I find the interest rate on my credit card?
You can easily find the interest rate on your credit card by looking at your monthly credit card statements, your online account, or your cardmember agreement. Your interest rate will be there in the form of an annual percentage rate (APR). As “annual” implies, an APR is the cumulative interest rate for a whole year, but you can use it to calculate your actual interest charges from day to day or month to month.
How...
read full answer by Christie Matherne, Credit Card WriterDid we answer your question?
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