Chip Lupo, Credit Card Writer
@CLoop
The Bank of America® Unlimited Cash Rewards credit card for Students interest rate is 17.74% - 27.74% Variable, with the exact rate depending on factors such as your income, credit history and existing debt. This Bank of America® Unlimited Cash Rewards credit card for Students interest rate is variable, meaning it can change based on certain economic conditions.
The Bank of America® Unlimited Cash Rewards credit card for Students also offers new cardholders an introductory interest rate of 0% for 15 billing cycles on purchases and 0% for 15 billing cycles for any balance transfers made in the first 60 days. Balance transfers are subject to a fee of 3% for 60 days from account opening, then 4%. After the card’s intro rate expires, the regular interest rate applies to any remaining balance. In addition, there are a few other Bank of America® Unlimited Cash Rewards credit card for Students interest rates you should be aware of.
Bank of America® Unlimited Cash Rewards credit card for Students Interest Rates
- Regular APR: 17.74% - 27.74% Variable
- Intro Purchase APR: 0% for 15 billing cycles
- Intro Balance Transfer APR: 0% for 15 billing cycles for any balance transfers made in the first 60 days
The Bank of America® Unlimited Cash Rewards credit card for Students gives you a 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 Bank of America® Unlimited Cash Rewards credit card for Students, it will accumulate interest daily at the card's regular APR.
You can learn more by reading WalletHub’s guide to credit card interest rates.
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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 AnalystWhat is the Bank of America credit card interest rate?
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...
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