How much is the BankAmericard annual fee?

The easiest way of getting your credit card annual fee waived would be to pick a credit card that waives the annual fee during the first year as a promotion, or one with no annual fee at all. Alternatively, you can call the issuer’s retention line, but it is not guaranteed that it will work. Beyond that, you’re unlikely to get your credit card’s annual fee waived unless you’re an active-duty member of the military. Still, it never hurts to ask, even if success is a long shot.… read full answer

Being well-informed about your rights and alternative credit card options definitely will help your chances. And you can find the most important info below.

Here’s how to get a credit card annual fee waived:

• If you’re employed full-time by the U.S. military, call your issuer and tell them you’d like your SCRA benefits. Exactly how the process works differs by company, but they will ask you to prove your active military status. For example, you might provide a copy of your active duty orders. Once you send the issuer proof, they should waive your annual fee as well as reduce your interest rate. When applying for a card, there’s sometimes a box you can check to indicate your military status, too.
• Call the retention line and ask your card’s issuer to waive or lower its annual fee. Long-time customers and high-spenders with great credit who always pay in full likely have the best chance.
• It’s a common credit card promotion to waive the annual fee for the first year your account is open. This will be noted on the offer when you apply, though. It’s not something you have to ask for.
• If you really want to avoid fees, get a no annual fee credit card. Hundreds are available, including cards with rewards and 0% APRs. You might be able to get a better deal overall by paying an annual fee for more rewards.
• If you’re having difficulty paying your annual fee due to unforeseen financial difficulty, you might be able to apply for a financial relief/ hardship program with the issuer. This way, you could potentially have your annual fee waived. Or you might receive other assistance such as lower monthly payments or lower interest rates.

Since annual fees help pay for the benefits credit cards provide, issuers aren’t eager to waive them. But there’s no penalty for asking. And if you’re in the military, you should definitely take advantage of the waiver you’ve earned with your service.

The Bank of America credit card interest rate can be anywhere from 14.24% (V) to 26.24% (V). It depends on both your credit standing and which Bank of America credit card you apply for. All Bank of America credit card APRs are variable, meaning they can change over time.

Here are the Bank of America credit card interest rates:… read full answer

• BankAmericard® credit cardSee Terms regular APR. Intro APR of See Terms for 21 billing cycles on purchases and See Terms for 21 billing cycles for any balance transfers made in the first 60 days. 3% (min $10) balance transfer fee.
• Bank of America® Unlimited Cash Rewards credit cardSee Terms regular APR. Intro APR of See Terms for 18 billing cycles on purchases and See Terms for 18 billing cycles for any balance transfers made in the first 60 days. 3% (min $10) balance transfer fee.
• Bank of America® Customized Cash Rewards credit cardSee Terms regular APR. Intro APR of See Terms for 18 billing cycles on purchases and See Terms for 18 billing cycles for any balance transfers made in the first 60 days. 3% (min $10) balance transfer fee.
• Bank of America® Travel Rewards credit cardSee Terms regular APR. Intro APR of See Terms for 18 billing cycles on purchases and See Terms for 18 billing cycles for any balance transfers made in the first 60 days. 3% (min $10) balance transfer fee.
• Bank of America® Premium Rewards® credit cardSee Terms regular APR. No intro APR.
• Bank of America® Premium Rewards® Elite Credit Card18.24% - 25.24% (V) regular APR. No intro APR.
• BankAmericard® Secured Credit Card24.24% (V) regular APR. No intro APR.
• Bank of America® Customized Cash Rewards Secured Credit Card26.24% (V) regular APR. No intro APR. Credit cards for students:
• Bank of America® Unlimited Cash Rewards Secured Credit Card26.24% (V) regular APR. No intro APR.
• BankAmericard® Credit Card for Students14.24% - 24.24% (V) regular APR. Intro APR of 0% for 21 months on purchases and 0% for 21 months on balance transfers. 3% (min $10) balance transfer fee.
• Bank of America® Travel Rewards Credit Card for Students16.24% - 26.24% (V) regular APR. Intro APR of 0% for 18 months on purchases.
• Bank of America® Customized Cash Rewards Credit Card for Students16.24% - 26.24% (V) regular APR. Intro APR of 0% for 18 months on purchases and 0% for 18 months on balance transfers. 3% (min $10) balance transfer fee.
• Bank of America® Unlimited Cash Rewards credit card for Students16.24% - 26.24% (V) regular APR. Intro APR of 0% for 18 months on purchases and 0% for 18 months on balance transfers. 3% (min $10) balance transfer fee.
• BankAmericard® Credit Card for Students14.24% - 24.24% (V) regular APR. Intro APR of 0% for 21 months on purchases and 0% for 21 months on balance transfers. 3% (min $10) balance transfer fee.

Each Bank of America credit card also has more than one interest rate. There’s the regular APR, which applies to purchases and balance transfers and ranges from 14.24% (V) to 26.24% (V). Several cards have a 0% APR on purchases and/or balance transfers for a certain number of months, before the regular APR takes effect. And if you miss a payment, you could have a penalty interest rate of up to $40. Ultimately, there is also an APR for cash advances that can be anywhere between 19.24% - 29.24% (V), depending on your creditworthiness and the card.

If you want to increase the chances of getting a low Bank of America credit card interest rate, you should make sure your credit is as good as possible before applying. Doing anything you can to bump up your income can also make a difference. But if you pay your credit card bill in full every month, you won’t ever have to worry about the interest rate.

There are plenty that fit into that category. The obvious think to consider is that most (if not all) have a requirement of 700 or more.

Still, you could get better offers with no foreign transaction fees but with an annual fee. If you think the annual thing's no good, I'd say try Discover it.… read full answer