William Drake, WalletHub Analyst
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Your BankAmericard® credit card for Students balance transfer limit can be up to your credit limit, but be sure to consider the fees, interest charges, and pending transactions when determining your transfer amount. The typical processing time for balance transfers is 2-4 business days, extending to 14 business days for new accounts. You can initiate up to 3 balance tansfers in each online session, but the transfer amount must not exceed your total available credit.
BankAmericard® credit card for Students offers an introductory APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days. Also, keep in mind that there’s a balance transfer fee of 3%. You can use Wallethub’s balance transfer calculator to determine whether a transfer is worth it in your situation.
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People also ask
How much is the BankAmericard Credit Card for Students credit card foreign transaction fee?
The BankAmericard® credit card for Students foreign transaction fee is 3%. This means Bank of America will add a 3% surcharge anytime you use the BankAmericard® credit card for Students outside of the United States. The fee also applies to online purchases made through an internationally-based merchant.
To learn more, refer to our guide on foreign transaction fees and our editors’ picks for the best credit cards without foreign fees.
read full answer by Chip Lupo, Credit Card WriterDoes the BankAmericard credit card for Students have a late fee?
Yes, the BankAmericard® credit card for Students does have a late fee, which applies when cardholders don’t make the minimum payment by the due date. The late fee for the BankAmericard® credit card for Students can never exceed the minimum payment amount, though, thanks to the CARD Act of 2009.
If you accidentally make less than the required minimum payment or you miss your BankAmericard® credit card for Students due date entirely, you can always ask customer service to waive the late fee by calling 866-266-0212. This is much...
read full answer by Chip Lupo, Credit Card WriterWhat is the BankAmericard credit card for Students interest rate?
The BankAmericard® credit card for Students interest rate is 14.74% - 24.74% Variable, with the exact rate depending on factors such as your income, credit history and existing debt. This BankAmericard® credit card for Students interest rate is variable, meaning it can change based on certain economic conditions.
The BankAmericard® credit card for Students also offers new cardholders an introductory interest rate of 0% for 18 billing cycles on purchases and 0% for 18 billing cycles for any balance transfers made in the first 60 days. Balance transfers are subject to a fee of 3%. After the card’s intro rate expires, the regular interest rate applies to...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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