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BankAmericard Makes $0 Transfer Fee Harder to Find

July 31, 2018
Balance Transfer Credit Cards, Credit Cards, Promos
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

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.

Nothing else about the card is affected based on where you apply. If you’re interested in the BankAmericard® credit card as a 0% option for financing a purchase (as opposed to transferring a balance), you’re good to apply through NerdWallet. You’ll get the same $0 annual fee and the same introductory APR of 0% on Purchases for 15 billing cycles and 0% on Balance Transfers for 15 billing cycles for balance transfers made in the first 60 days, and then the ongoing APR of 14.74% - 24.74% Variable APR.

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