Compare Credit Cards: BankAmericard Credit Card vs. Chase Freedom

A 0%-interest credit card might be for you. But which one?
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Written by Erin El Issa
Senior Writer

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The terms on the BankAmericard® credit card have changed since this article was published, and this page is out of date. See our details page for the BankAmericard® credit card for the current offer.

A 0% interest credit card may be right for you, if you want to make a large purchase but can’t or don’t want to pay it off in full right away. Let’s discuss two of your 0% financing options — the BankAmericard® credit card and Chase Freedom® — to find out which one is a better choice for you. And don’t forget, whichever card you go with, it’s important to pay off your balance in full before the introductory APR period expires.

BankAmericard® credit card vs. Chase Freedom®: The basics

The BankAmericard® credit card is a basic credit card with a long introductory balance transfer APR period and a low interest rate following that period’s expiration. The Chase Freedom® has a slightly shorter introductory period and a slightly higher interest rate. This card also offers 5% rewards on rotating categories and a generous signup bonus.

BankAmericard® credit card vs. Chase Freedom®: Rewards

The BankAmericard® credit card is not a rewards card. The Chase Freedom® offers 5% cash back rewards on rotating quarterly categories on up to $1,500 in spending per quarter. Any purchases beyond the $1,500 or outside the bonus categories will earn cash back at a rate of 1%. Here are the current bonus categories:

Chase Freedom® and Chase Freedom Flex® bonus rewards categories for 2024

Q1 (Jan. 1-March 31)

  • Grocery stores.

  • Fitness clubs and gym memberships.

  • Self-care and spa services.

Q2 (April 1-June 30)

  • Select hotel bookings.*

  • Restaurants.


Q3 (July 1-Sept. 30)

  • Gas stations and EV charging.

  • Select live entertainment.

  • Movie theaters.

Q4 (Oct. 1-Dec. 31)

  • TBD (In 2023: PayPal; wholesale clubs; select charities).

*Includes bookings made directly with the hotel and prepaid bookings through Chase's travel portal.

The Chase Freedom® has an awesome cash signup bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Cardmembers can also earn up to 10% back in rewards when shopping online through the Chase Ultimate Rewards site.

BankAmericard® credit card vs. Chase Freedom®: Fees

The BankAmericard® credit card has an annual fee of $0 and foreign transaction fees of 3%.

The Chase Freedom® has an annual fee of $0 and foreign transaction fees of 3%. The card has an introductory APR of 0% intro APR for 15 months on purchases, and then the ongoing APR of 14.99%-23.74% Variable. You'll pay balance transfer fees of 3% or $5, whichever is greater, during the introductory APR period. After that, the fee is 5% or $5, whichever is greater.

BankAmericard® credit card vs. Chase Freedom®: Additional benefits

The BankAmericard® credit card is a very straightforward card. No rewards, no frills. That said, it does have an impressive introductory APR period and potentially low interest rates for those with good credit.

The Chase Freedom® is best paired with the Chase Sapphire Preferred® Card. You can transfer your rewards earned on the 5% bonus category purchases to the Chase Sapphire Preferred® Card and use these points to book travel on the Chase Ultimate Rewards site at a rate of 1.25 cents for every point.

The bottom line: Should I get the BankAmericard® credit card or Chase Freedom®?

For most people, the Chase Freedom® is the superior choice. It offers rewards, an impressive signup bonus, a long introductory APR of 0% on balance transfers and purchases, and an annual fee of $0. It’s also a great card for those who already have the Chase Sapphire Preferred® Card.

The BankAmericard® credit card has a slightly lower ongoing interest rate, though we don’t encourage anyone to carry credit card debt from one month to the next, so that shouldn't matter. In truth, the BankAmericard® credit card doesn’t stack up to the Chase Freedom® unless you're planning on carrying a credit card balance.

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