Alex Wise, WalletHub Credit Cards Analyst
@Alex_Wise
The BankAmericard® credit card for Students balance transfer fee is 3%. This fee is charged when you move an eligible debt to the BankAmericard® credit card for Students, and the fee amount will be automatically added to the balance.
The BankAmericard® credit card for Students also offers an introductory APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days, after which the regular APR of 14.74% - 24.74% Variable applies.
Very few worthwhile credit cards with no balance transfer fee are available from any issuer. There are, however, many credit cards that offer 0% APR balance transfer promotions, which could help you save a lot of money. Check out WalletHub’s Balance Transfer Calculator to see just how much you could save.
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People also ask
Does Bank of America charge a balance transfer fee?
Yes, Bank of America does charge a balance transfer fee on some of its credit cards. The Bank of America balance transfer fee is 3% for 60 days from account opening, then 4% of the amount of each transferred balance for all Bank of America credit cards that charge a balance transfer fee.
Balance Transfer Fees on Popular Bank of America Credit Cards
- Bank of America® Customized Cash Rewards credit card: 3% for 60 days from account opening, then 4%
- Bank of America® Premium Rewards® credit card: 4%
- BankAmericard® credit card: 3%
- Bank of America® Travel Rewards credit card: 3% for 60 days from account opening, then 4%
- PGA Tour Credit Card: 3% (min $10)
There...
read full answer by Chip Lupo, Credit Card WriterDoes BankAmeriCard Students Credit Card have a 0% APR intro period for new purchases?
Yes, the BankAmericard® credit card for Students has an introductory purchase APR of 0% for 18 billing cycles after account opening. Once this intro period expires, any remaining balance on the BankAmericard® credit card for Students will be subject to the regular APR of 14.74% - 24.74% Variable.
Since the average 0% intro APR for new purchases lasts 11 months, the BankAmericard® credit card for Students offer is above average. The BankAmericard® credit card for Students also has a 0% intro APR for balance transfers, lasting 18 billing cycles for any balance transfers made in the first 60 days. It is accompanied by a balance transfer fee of 3%.
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read full answer by Chip Lupo, Credit Card WriterWhat is a balance transfer APR?
A balance transfer APR is the interest rate you get charged on a credit card for the amount of debt that you transferred from another card or loan. Many balance transfer offers include an introductory 0% APR that lasts for a specified number of months, usually 6 to 21 months.
Once an introductory balance transfer APR expires, any remaining balance accrues interest at the card’s regular balance transfer APR. This interest accrues daily, and it is calculated...
read full answer by Jane Parker, WalletHub Credit Card AnalystDid we answer your question?
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