Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.
The BankAmericard® credit card is making itself a little less attractive as a balance transfer option.
For a while now, the BankAmericard® credit card has offered the triple crown of balance transfer benefits: an annual fee of $0; an introductory 0% APR for transfers in the first 60 days; and a $0 intro balance transfer fee for the first 60 days your account is open (after that, the fee for future balance transfers is 3% with a $10 minimum). All those zeroes add up to a great way to pay down credit card debt without fees or interest.
As of May 14, 2018, however, that introductory $0 transfer fee is available only to those who apply for the card directly from Bank of America®. Applications through third-party sites, including NerdWallet, will be subject to a balance transfer fee from the start. That fee: 3% of the amount transferred, or $10, whichever is greater.
If you apply for the BankAmericard® credit card through the Bank of America site, you'll also only get 15 billing cycles at 0%. If you're interested in the BankAmericard® credit card as a 0% option for financing a purchase (as opposed to transferring a balance), you can apply through NerdWallet. You'll get the same $0 annual fee but get a longer introductory APR of 0% APR for 18 billing cycles on purchases and balance transfers, and then the ongoing APR of 14.49% - 24.49% Variable APR.