BankAmericard Makes $0 Transfer Fee Harder to Find
By Paul Soucy
Paul Soucy
Lead Assigning Editor | Credit cards, credit scoring, personal finance
Paul Soucy has led the Credit Cards content team at NerdWallet since 2015. He was an editor with USA Today, The Des Moines Register and the Meredith/Better Homes and Gardens family of magazines for more than 20 years. He also built a successful freelance writing and editing practice with a focus on business and personal finance. He was editor of the USA Today Weekly International Edition for six years and received the highest award from ACES: The Society for Editing. He has a bachelor's degree in journalism and a Master of Business Administration. He lives in Des Moines, Iowa, with his fiancée, his two sons and a dog named Sam.
Edited by Kenley Young
Kenley Young
Assigning Editor | Credit cards, credit scores
Kenley Young directs daily credit cards coverage for NerdWallet. Previously, he was a homepage editor and digital content producer for Fox Sports, and before that a front page editor for Yahoo. He has decades of experience in digital and print media, including stints as a copy desk chief, a wire editor and a metro editor for the McClatchy newspaper chain. Email: <a href="mailto:[email protected]">[email protected]</a>.
» This page is out of date
The terms of the BankAmericard® credit card have changed, and this article is out of date. See our details page on the BankAmericard® credit card for up-to-date details.
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.
About the author: Paul Soucy is the lead credit cards editor at NerdWallet. He has worked at USA Today and the Des Moines Register and has an MBA. Read more
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