Learn how to apply for the BankAmericard® credit card
If you want to know the best way to pay your debts with low interest, then check out how to apply for this card!
What do I need to know about the BankAmericard® credit card?
The BankAmericard is a balance transfer credit card rather than a rewards credit card. It’s not always a bad thing to lack a rewards program while you’re trying to pay down debt.
It’s critical to set aside worries about earning rewards and focus solely on paying off the debt.
Even though it’s not the fanciest card available, the BankAmericard can be the greatest credit card for you if you want to get out of debt, improve your credit score, and be accepted for loans that require solid credit.
It protects your credit score with a $0 fraud liability guarantee, and the account alerts make it easier for you to remember when payments are due.
Your FICO score is updated each month, which may keep you motivated while you pay off debt.
Even for the credit cards, they use every day, many consumers are ignorant of their APR. You might be shocked to find how much interest you’re actually paying if this describes you and you use credit cards to carry a burden.
Credit card BankAmericard® can be useful in this situation. Even though it lacks many of the extras of well-known rewards credit cards, it delivers value in the area that matters the most: interest.
So, keep reading and learn how to apply for this card that potentially may be your way out of debt with high interest!
Who can apply for a BankAmericard® credit card?
As BankAmericard is intended for customers with good to excellent credit (above 670), getting approved for the card is a little trickier.
Without performing a hard draw on your credit, Bank of America does allow consumers to determine if they are prequalified for any offers.
How to apply for a BankAmericard® credit card?
The BankAmericard® credit card application procedure is completed online, like virtually all cards.
If you already have a BOA Login, applying as a guest on Bank of America’s website will take longer; but, if you need to create an account from scratch, the time required will be about the same.
Nevertheless, you will be required to provide certain personal data.
Because it’s a credit card for people with exceptional credit, the application process takes a little longer than usual but isn’t particularly difficult.
Following that, you will need to wait a little period while they review your case and determine whether you are eligible for your card.
However, if are still a conservative person, you can also make your application by calling the number (800) 322-7707
Is it worth it to have a BankAmericard® credit card?
In the event that you have high-interest debt that is weighing you down or a large purchase you need to make, the BankAmericard® credit card offers one of the longest 0% periods offered anywhere, offering you over two years’ worth of interest relief.
The transfer cost is a fair 3% (with a $10 minimum) and there is no annual fee.
Additionally, since the card doesn’t impose a penalty APR, your interest rate won’t skyrocket following a late payment.
If you forget to make a payment, you will still be charged a significant late fee. Additionally, if you are more than 30 days late, your credit may suffer.
However, the absence of a penalty APR may help you feel more at ease and even save you some money.
So, if you are the kind of person who is aiming to pay your debts and has taken enough of high interests, make no mistake, this is the card for you!
BankAmericard® credit card vs Chase Freedom Flex℠
Additionally, the Chase Freedom Flex has a promotional APR rate. Additionally, it earns 5% cash back on purchases up to $1,500 in quarterly rotating categories (activation required), 5% on travel booked using Chase Ultimate Rewards®, 3% on dining and prescription pharmacy purchases, and 1% on all other transactions.
A welcome bonus of $200 is also included with the card after spending $500 on purchases within the first three months of account opening.
It is clear that for long-term use, the Chase Freedom Flex outperforms the BankAmericard. But if your focus is just on stopping the bleeding of your debts in short term, The BankAmericard® credit card still reigns supreme.
BankAmericard® credit card benefits
- APR on purchases and eligible balance transfers at launch
- No yearly charge
- No fines APR
Chase Freedom Flex℠ Benefits
- For new cardholders, there is no yearly charge bonus.
- Bonus segments
- Cash awards
- Initial APR period
How to apply for the Chase Freedom Flex℠?
If you want to know how to apply for this card, check out our article on how to apply