Ashley Wade, WalletHub Analyst
@shlee
The best BankAmericard credit card benefit is an introductory APR of 0% for 18 billing cycles for purchases, coupled with 0% for 18 billing cycles for any balance transfers made in the first 60 days. Plus, apart from $0 fraud liability guarantee, some cardholders may also get several other benefits like price protection and extended warranty.
Here are some of the best BankAmericard credit card benefits:
- Introductory purchase APR: 0% for 18 billing cycles. After the introductory period is over, remaining balances are subject to the card’s regular APR of 14.49% - 24.49% Variable (based on creditworthiness).
- Introductory balance transfer APR: 0% for 18 billing cycles for any balance transfers made in the first 60 days. Balance transfers are subject to a 3% for 60 days from account opening, then 4% fee. Once the intro period is over, remaining balances are subject to the card’s regular APR of 14.49% - 24.49% Variable (based on creditworthiness).
- $0 annual fee: $0 extra costs just for having the card.
- Extended warranty: Lengthens the original manufacturer’s warranty for eligible items. For more extended warranty details, you can consult your benefits guide or call the number on the back of your card to request a copy. Keep in mind that extended warranty is not guaranteed with this card and not all cardholders may have this benefit.
- Price protection: Reimburses the difference up to a set amount between the purchase price of an item and a lower price advertised within a specific time frame. For more price protection details, you can consult your benefits guide or call the number on the back of your card to request a copy. It is worth noting that price protection is not guaranteed with this card and not all cardholders may have this benefit.
- $0 fraud liability: You won’t be held responsible for unauthorized charges made with your card or account information.
- Digital wallet options: You can add your BankAmericard credit card to your mobile device and shop in-store or in-app using a variety of digital wallets.
BankAmericard credit card is primarily designed as an option for those looking to finance their purchases or transfer existing debt.
If you want more rewards, the Bank of America® Customized Cash Rewards credit card and the Bank of America® Travel Rewards credit card are better options. Both cards offer attractive bonuses and ongoing rewards. If you’re not tied to Bank of America as an issuer, feel free to also check out some of the best rewards credit cards on the market.
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People also ask
Does Bank of America offer travel insurance?
Yes, Bank of America does offer travel insurance. The most common Bank of America travel insurance benefits are travel and emergency assistance services and trip cancellation insurance. Some Bank of America credit cards also offer emergency evacuation and transportation and trip delay reimbursement coverage. To be eligible for travel insurance coverage, you’ll need to pay for your travel using your Bank of America credit card.
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What will my Bank of America credit card limit be?
Your Bank of America credit card limit will be based on your credit standing once your application has been approved. The lowest credit limit Bank of America would approve a card for is $200, which is the minimum deposit requirement for the BankAmericard® Secured Credit Card. Other Bank of America credit limits could start out much higher. The Bank of America® Premium Rewards® credit card, for instance, offers a $1,500 minimum credit limit for approved applicants.
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