Bank of America
BankAmericard® Credit Card for Students
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | No signup bonus |
| Rewards Rate | No rewards rate |
| Intro APR | Introductory 0% APR for your first 21 billing cycles for purchases, and for any balance transfers made within 60 days of opening your account. |
| Regular APR | 14.99% - 25.99% variable |
| Other Fees | Balance Transfer Fee 5% of each transaction |
About this card
The BankAmericard® Credit Card for Students earns an overall rating of 2.9. This rating balances the card's standout 0% introductory APR offer with its significant drawbacks, primarily the lack of rewards and a potentially high regular APR. The extended intro APR is excellent for students needing to finance purchases or transfer balances. However, the absence of rewards makes it less appealing for everyday spending. The card's value is further diminished by a relatively high balance transfer fee and the potential for a high regular APR after the intro period ends. While the no annual fee is a definite plus, the card is best suited for students who need the intro APR and can pay off their balances before it expires. For those seeking long-term value or rewards, other student cards may be more suitable. Overall, the card is valuable in a specific situation but mediocre beyond that, leading to the 2.9 rating.
Pros & Cons
What's great
- No annual fee
- Intro APR period
Things to consider
- High regular APR
- No sign-up bonus
- No rewards
- High balance transfer fee
What this card offers
Sign-up bonuses
Rewards
Other features
- Your card comes with our $0 Liability Guarantee and chip technology for additional security when used at chip-enabled terminals
- Easily manage your bank accounts and finances online with Online Banking and our award winning Mobile Banking app that help students stay in control of their finances and make payments
- Learning to handle your credit is a big responsibility. A little knowledge can go a long way with Better Money Habits Opens in a new window
- Manage your money from almost anywhere. From home, the library and everywhere else, help stay in control of your finances with our award winning Mobile Banking app
- Want to talk to someone one-on-one? No problem. We're here with you every step of the way. Set up an appointment at a time and place that works for you
- We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions. Learn more at the Security Center Opens in a new window
- An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America checking account to your credit card. No transfer fees. Other fees may apply.
- Opt for paperless credit card statements and increase account security while reducing paper consumption.
- Discover more ways to pay by adding your Bank of America credit card to your mobile device then shop in-store or in-app using Apple Pay®, Google Pay™ or Samsung Pay. Learn more about Digital Wallets Technology opens in a new window
- Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more.
- Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid.
Additional Notes
This online only offer may not be available if you leave this page, if you visit a Bank of America financial center or call the bank. You can take advantage of this offer when you apply now. Note: minimum payments are applied to lower-interest balances first. Additional payments are applied to higher-interest balances first. Balance transfers may not be used to pay any account provided by Bank of America.