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Think you are stuck with high credit card interest rates?
Think again.
Enter BankAmericard® credit card.
There are many 0% intro APR cards out there, but how many have low intro APR offers for purchases and balance transfers?
Here's a quick rundown of what we like:
One thing to note: it’s not uncommon to see credit card companies adjust the benefits on cards over time. While we don’t know if that’ll happen here, if you’re interested in the card we do recommend using this link to apply today to make sure you don’t miss out on all of this card’s perks.
Intro APR 0% Intro APR for 18 billing cycles for purchases. 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR on purchases and balance transfers will apply. A 3% fee applies to all balance transfers.
Purchases: 0% Intro APR for 18 billing cycles for purchases
Balance Transfers: 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
Regular APR
Annual Fee
0% Intro APR for balance transfers for 18 billing cycles -- Transfers made within 60 days qualify for the 0% intro APR offer. You'll be hard pressed to find a competing credit card that packs in such a long interest-free offer on both purchases and balance transfers. Most cards give you one longer promo offer (either just for purchases or just for balance transfers) at the expense of the other.
0% Intro APR for purchases for 18 billing cycles -- 18 billing cycles is among the longest 0% intro purchase APRs, making it a lucrative pick to break up the cost of a big purchase into bite-sized monthly payments you can afford.
$0 annual fee -- Rounding out BankAmericard® credit card’s collection of zeroes, there's no annual fee.
No penalty APR -- It’s common for credit card issuers to slap late-paying cardholders with a raised APR. This one says that a tardy remuneration won’t automatically hike a customer’s APR, so cardholders shouldn’t have a heart attack if they aren’t timely with a payment.
FICO® Score for free -- An increasingly common perk in the credit card world, the FICO® Score for free is nevertheless a fine benefit BankAmericard® credit card holders will find useful. The score is updated every billing cycle, and can be accessed in the issuer’s online banking portal, or through its mobile app.
$0 liability guarantee -- Bank of America helps to ensure that you (or your family/associates) will be the only entity shopping with the card. The issuer’s $0 liability guarantee covers fraudulent purchases made by bad guys using your digits.
If you don't think BankAmericard® credit card is the card for you, here are more leading 0% intro APR cards:
On Citi's Secure Website.
Intro APR
Purchases: 0%, 12 months
Balance Transfers: 0%, 21 months
Regular APR
Annual Fee
Our expert's summary:
Intro APR 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 21 months from account opening
Balance Transfers: 0% intro APR, 21 months from account opening on qualifying balance transfers
Regular APR
Annual Fee N/A
Our expert's summary:
Intro APR
Purchases: 0%, 6 months
Balance Transfers: 0%, 18 months
Regular APR
Rewards Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically.
Welcome Offer N/A
Our expert's summary:
Paying down credit balances is the fastest way to improve your FICO® Score. That's because 30% of your credit score is based on how much of your available credit you're using. Your credit utilization is reported monthly, which means paying off debt could improve your credit score in one month!
What has this card lapping the competition is the fact that the intro APR promo applies to both purchases and balance transfers. Add in the fact that the card also comes with a $0 annual fee and no penalty APR, and we think you'll be hard pressed to find a better card to pay off debt faster or avoid interest charges on purchases.
Credit cards with rewards & 0% intro APR offers are excellent, but remember, they are a tool to help you get the most out of your spending. The Ascent motto to follow:
Follow this and you'll be making your money work overtime for you. Live richly, not risky.
Our Credit Cards Experts
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.