BankAmericard credit card could be the card that you are looking for if you need a balance transfer card that waives the APR interest for at least 15 months. You also don’t have to pay the balance transfer fee. It is important that you transfer your credit card debts in the first 60 days if you want to take advantage of the 0% introductory APR and $0 balance transfer fee promotion.
The card has a regular variable APR interest in between 12.99% – 22.99% that will be charged at the end of the 15 billing cycle. If you wait until after 60 days to transfer the balance, you will have to pay a balance transfer fee of 3% and the minimum balance transfer fee that they charge is $10.
After your application for BankAmericard is approved, you should ask the representative about the limit you can transfer to the card. You should first find out the transfer limit so that you know how much credit card debts you can transfer.
BankAmericard is not the only card issued by the Bank of America that allows you to perform the balance transfer. Another credit card issued by Bank of America that offers balance transfer is Bank of America Cash Rewards. Bank of America Cash Rewards card offers 12 billing cycles of zero percent intro for balance transfer if the transfer is made in the first 60 days.
Bank of America Cash Rewards card is a cash back card that allows you to earn cash back on all purchases including 2% cash back for grocery and wholesale clubs, and 3% on gas. The 2% and 3% cash back applies to the first $2,500 of your expenses. Bank of America Cash Rewards card offers a $150 cash bonus for cardholders who have spent a minimum of $500 within 90 days of the account opening. You can earn an additional bonus of 25%-75% if the cash back rewards is redeemed on a checking/savings account at Bank of America. Bank of America Cash Rewards card will charge a 3% balance transfer fee for every transfer that is made.
Which card you should choose depends on your purpose for applying for the card. If you just want to use the card for paying off your credit card debts, you should choose BankAmericard. Bank of America Cash Rewards card is the best choice if you want to use the card to make some purchase and earn cash back rewards and also to use for paying off your credit card debt. If you decide to use the card for shopping and balance transfer, you must remember to clear the balance at the end of the month so that you don’t carry more debt.