Bank of America BankAmericard Platinum credit card fee schedule credit card fee survey 2011
2011 Credit Card Fee Survey

A year after the Credit CARD Act's major provisions went into effect, predictions of an onslaught of fees haven't come true.

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The 2011 Credit Card Fee Survey tracks the fees charged for various card-related services by the 50 largest card-issuing banks and credit unions, based on their total volume of credit card lending. The 2011 survey looks at 66 cards, selected because they were among those most widely issued to consumers with average to good credit. The survey of card offers was conducted in May 2011.

Despite industry analysts' predictions that the Credit CARD Act of 2009 would cause issuers to reinstate annual fees and introduce a host of new fees, that hasn't happened. The survey shows the vast majority of cards reviewed (95 percent) had no annual fee and there hasn't been an onslaught of new fees.

Here are the 2011 fees for the Bank of America BankAmericard Platinum credit card.

style=Bank of America BankAmericard Platinum
Annual fee None
Over-limit fee None
Late fee If the total minimum payment due is not received by the payment due date, a late payment fee of $25 will be assessed; $35 for subsequent occurrences that are within 6 billing cycles of a previous occurrence. However, the late payment fee will not exceed the total minimum payment that was due. If the balance is $100 or less on the payment due date, there is no late payment fee. The returned payment fee will not exceed the total minimum payment that was due.
Cash advance fee 4%/$10 min
Balance transfer fee 4%/$10 min
Foreign transaction fee 3% of the U.S. dollar amount of each transaction. This fee will be in addition to any other applicable fee.
Returned payment fee up to $25
Stop payment on a convenience check fee $35
Statement copy fee $5
Overdraft fee A fee of $10 will apply for each transaction. The fee will not be assessed if the checking account is overdrawn by a total amount less than $10, after the daily processing is completed.
Card replacement fee None

See related: 2011 credit card fee survey, Secured cards' fees: Build credit, for a price, Chart: Find your card's fees, Compare low-rate credit cards

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Updated: 03-24-2019