The BankAmericard® credit card offers one of the longest 0% periods available anywhere, saving you nearly two years in interest if you have high-interest debt or need to make a major purchase. The annual application fee is $0 and the transfer fee is a reasonable 3%.
What we have here is a terrible relic of credit card history. The store, located in Rego Park, Queens, has long accepted BankAmericards. The credit card was introduced in 1958 by the then San Francisco-based Bank of America and was initially limited to California. The beginning was not without severe labor pains. And BankAmericard wasn’t the first revolving credit card; In fact, many different providers offered similar services.
But in the end, BankAmericard was able to create a single successful credit card (as opposed to credit cards like Diners Club, which require payment in full each month) that could easily be used to make purchases at a wide variety of stores and across multiple stories. . locations. locations. . . . place can go Place. can go possible. Place. It is possible that it aspired to become a universal map, although the network was not what it is today. No one will lose their talent and the rest is history.
The name was changed, among other things, to increase the international reach of the card, as Bank of America relinquished control of the card years later and the name became a detriment, especially as it spread to markets foreign. . happened. And without that Uncle Sam, the word “visa” would be understood around the world. The name change happened in 1977 and was announced in September 1976, so the sticker I pulled dates back to at least the Ford administration and probably Nixon or earlier.
The name change was a big deal at the time and Visa posted an announcement
campaign to publicize it. The link shows a print ad about the change, and below that is an incredibly rare TV commercial, shown in prime time on CBS in October 1977, which introduced the Visa brand to the US dashboard label. . from BankAmericard that looks exactly like the photo I took. (Watch out guys, 70s cheerleaders, it’s an earworm.)
In recent years, Bank of America has returned to its roots with a new credit card brand that revives the BankAmericard name, a savvy marketing feat and a nod to the company’s past.
Card Details
No Annual Fee†
Choose the right card with no annual fee if you want to save on interest and pay off balances faster
No Penalty APR†
No penalty APR. Making late payments will not automatically increase your interest rate (APR). Other account pricing and terms apply.
FICO® Score
Now, you can update your FICO® score monthly in your mobile banking app or online banking. Opt-in to receive your score, the key factors affecting your score, and other information that can help you keep your credit healthy.
Low introductory APR offer
Introductory 0%† APR for your first 21 billing cycles for purchases, and for any balance transfers made within 60 days of account opening. After the Intro APR offer ends, a Variable APR which currently ranges from 15.49% to 25.49% will be applicable. A 3% fee applies to all balance transfers.
We are transforming the company to franchise our key customer groups and build a strong balance sheet behind it,” CEO Brian T Moynihan said in a statement Monday. “While credit cards are an important core product for our US customers, an international consumer card company under a different brand does not fit into that strategy.”
Moynihan focuses on retail banking, commercial borrowers and investment banking clients, selling non-performing assets to raise capital. The Charlotte, North Carolina-based company, which received a $45 billion government bailout during the financial crisis, has agreed to sell its homeowners and mortgage insurance division. Bank of America sold its $200 million small business card loan portfolio to Barclays plc in April.
How to make a BankAmericard Credit Card Deposit
Chase Freedom Flex also comes with an introductory APR offer: 0% introductory APR for 15 months from account opening on purchases and balance transfers, after which a variable APR of 19.24% – 27.99% applies. An initial transfer fee of $5 or 3% of each transfer amount, whichever is greater, will apply for the first 60 days, then $5 or 5% of each transfer amount, whichever is greater.
Plus, get 5% cash back up to $1,500 in rotating quarterly categories (activation required), 5% on travel purchased through Chase Ultimate Rewards®, 3% at restaurants and pharmacies, and 1% on all other purchases . Plus, the card comes with a welcome offer: a $200 bonus after spending $500 on purchases in the first 3 months of account opening. It’s easy to see that the Chase Freedom Flex outperforms BankAmericard for long-term use.
BankAmericard® Credit Card Vs. America. Visa® Platinum Bank Card
The bank’s US Visa® Platinum Card comes with the following introductory APR terms: 0% introductory APR on purchases and balance transfers for 18 billing cycles, followed by a variable APR of 18.99% – 28.99%. A balance transfer fee of 3% or $5, whichever is greater, will apply.
There are no annual fees for either card and the balance transfer fee is 3% on both cards. While the introductory APR offer on the Visa Platinum card doesn’t exceed the term offered by BankAmericard, Platinum is still a solid option for balance transfers or financing large purchases.
US Bank Platinum doesn’t offer many benefits, but it does offer mobile phone security and the ability to set up automatic payments.
BankAmericard® Credit Card Vs. Bank of America® Personalized Cash Rewards Credit Card
Also from Bank of America is the Bank of America® Cash Rewards personalized credit card, offering a 0% introductory APR for 18 billing cycles on purchases and balance transfers, followed by a variable APR of 17.49% to 27 .49%. Introductory rate applies to balance transfers in the first 60 days; A 3% surcharge will be charged for each transfer. The Personal Cash Rewards card comes with a $200 welcome bonus after making at least $1,000 in purchases within the first 90 days of account opening.
The main difference between the Bank of America® Personalized Cash Rewards Credit Card and BankAmericard is that the Personalized Cash Rewards Card provides 3% cash back on the eligible categories of your choice, plus 2% on supermarkets and wholesalers (unlimited up to $2,500 combined) . . , , , ) 1%) on quarterly Club Choice/Supermarket/Wholesale Club category purchases and all other purchases. Like any cash back card, this structure has more benefits than BankAmericard Rewards.
Benefits of the BankAmericard Credit Card
- Paperless Statements: Save the planet and abandon the use of snail mail paper.
- Digital Wallet and Contactless Chip Technologies: Hi-tech convenience for the modern spender.
- Online & Mobile Banking: Manage accounts from the app or web.
- Overdraft Protection: Protect overdrafts by charging fees to Bank of America bank accounts.
- $0 Liability Guarantee: Cardholder is not responsible for unauthorized charges.
- FICO Score: Free access to the cardholder’s credit score.
At a glance
- Introductory APR for purchases and eligible balance transfers
- No Annual Fee
- no fine april
- no prize
Is the BankAmericard Credit Card Right for You
The BankAmericard does one thing and does it very well—offers long intro APR periods on purchases and balance transfers. There’s not much reason to use this card after the intro period is over, but if you need a long window of breathing room without interest, this card is worth considering.