The best BankAmericard® credit card promotion is an introductory APR of 0% for 21 billing cycles for purchases and for any balance transfers made within 60 days of opening the account. Cardholders do not need to do anything specific to take advantage of this BankAmericard credit card promotion, as it applies automatically.
Credit card promotions change often, so if you see something you’re particularly interested in, you should consider applying for the BankAmericard credit card to take advantage of the offer while it’s available. Another factor in your decision to apply should also be whether this card will continue to be worthwhile even after its limited-time promotions end.
Your BankAmericard credit card approval odds are good if your have excellent credit (a credit score of 750+). It’s also important to have a high annual income and little existing debt. Bank of America will also review several other key criteria, too, including the applicant’s payment history, employment status, monthly housing payments, number of open credit accounts and more.… read full answer
Before you apply, consider using Bank of America’s pre-approval tool. You won’t be able to search for the BankAmericard credit card specifically, but the pre-approval tool will display all Bank of America cards for which you may qualify. Pre-approvals are done using a harmless soft inquiry. But if you then decide to apply for a card, Bank of America will perform a hard inquiry, which can cause a short-term drop in your credit score. Keep in mindthat being pre-approved indicates that you have good odds, but doesn’t guarantee that you will get the card.
Some rewards credit cards give new cardholders extra points, miles, or cash back after they make their first purchase or spend above a certain amount within a specified period of time or for some other reason.
There is no rule that prohibits you from opening a credit card just to get its initial bonus and then cancelling it once you've met the conditions of the particular offer and have either received a check or traded your points/miles in for a free hotel night or plan ticket. Taking advantage of a lucrative initial bonus every once in a while is actually a great way to add to your savings or pay down existing debt, provided that you aren't forced to overspend in order to qualify and you aren't planning to take out a loan in the next six months or so. Each time you apply for a credit card, your credit standing takes a temporary hit, which could end up costing you much more than the initial bonus is worth via a worse interest than you'd normally qualify for.… read full answer
The best credit card for a signup bonus with no annual fee is the Wells Fargo Active Cash® Card because it offers an initial bonus of $200 cash rewards after spending $1,000 in the first 3 months. The Wells Fargo Active Cash card also gives 2% cash rewards on all purchases to go along with its $0 annual fee.
Best Credit Card Signup Bonuses with No Annual Fee
There are larger signup bonuses out there, but you may have to pay an annual fee to get them. You could still come out ahead, though. The best approach is to compare the best credit card bonus offers after subtracting any fees they may charge. You can then pick the card that will save you the most at the end of the day.
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