| Balance Transfer Rating: | 0 / 5 |
| Introductory Offer: | 0.0 |
| Net Value: | 0.0 |
| Features: | 0.0 |
In a Nutshell:
The BankAmericard Better Balance Rewards card offers a unique incentive for paying more than the minimum amount due, but its standard APR (see terms) is too high for carrying a balance and its 0 percent balance transfer period is relatively short. This offer is no longer available.
0% Introductory Period |  |
Transfer Fee |  |
Introductory Purchase APR | |
Regular APR |  |
Annual Fee | |
Other Notable Features: Overdraft protection, mobile banking, text banking
| Low Interest Rating: | 0 / 5 |
| Rates, Fees, Penalties: | 0.0 |
| Rewards: | 0.0 |
| Features: | 0.0 |
In a Nutshell:
While this card offers a reasonable 12.49 percent interest rate and there’s no annual fee, there’s not much else to recommend it. This offer is no longer available.
Regular APR |  |
Introductory Purchase APR | |
Introductory Balance Transfer APR | |
Fees
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Penalties
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Other Notable Features: Overdraft protection, mobile banking, text banking
| Rewards Rating: | 0 / 5 |
| Rewards Value: | 0.0 |
| Annual Percentage Rate: | 0.0 |
| Rewards Flexibility: | 0.0 |
| Features: | 0.0 |
In a Nutshell:
Designed for cardholders who regularly carry a balance, the BankAmericard Better Balance Rewards card uses a quarterly cash reward to motivate cardholders to quickly shave down their balance; however, the card’s $25 carrot isn’t very large. This offer is no longer available.
Rewards Rate
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Sign-up Bonus | |
Annual Fee | |
Average Yearly Rewards Value ($1,325 monthly spend) | |
APR | |
Rewards Redemption
Cons
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Other Notable Features: Overdraft protection, mobile banking, text banking
This offer is no longer available. For current offers, visit ourreviews section.
BankAmericard Better Balance Rewards doesn’t offer any outstanding features except one: It gives you a small monetary reward for paying more than a monthly minimum. Other than that, it’s pretty much plain vanilla. It charges all kinds of fees, and the penalty fees are especially drastic. The card has a zero percent balance transfer APR, but it only lasts 12 months, and there is no introductory APR for new purchases (see terms).
The APR is not great
If you have great credit, you can find a card with a considerably lower APR. Some low rate credit cards feature an APR as low as 8 percent or even 7 percent and offer much better savings in the long run.
Unusual rewards program
While the card doesn’t offer cash back rewards in the traditional sense, you will get $25 every quarter ($30 if you are a Bank of America customer) when you pay more than the monthly minimum by the due date every month. With this program, you can earn $100-120 per year.
Don’t miss a payment
The penalties for missing a payment are pretty drastic with this card. Bank of America will charge you a $38 late fee and your APR could skyrocket after just one missed payment (see terms). In addition, you will lose your $25 reward for the quarter during which you incur the “infraction.” So be careful and pay on time. Better yet, you can automate your monthly payments.
Why get the BankAmericard Better Balance Rewards card?
- You want a zero percent introductory balance transfer rate for 12 months.
- You always pay more than the minimum amount due and want to earn up to $120 a year.
- You want a simple no-fee, low interest rate card.
How to use the BankAmericard Better Balance Rewards card:
- The BankAmericard Better Balance Rewards Credit Card doesn’t offer a zero percent APR for purchases (see terms). So if you buy something, you will be charged interest effective immediately. If you use the card to make purchases, don’t transfer the balance from other cards, and if you transfer balances, don’t use the card for purchases.
- In order to receive the quarterly $25 reward, you must use the card every month. In case you don’t regularly use the card, you can set up your credit card to make a recurring payment (e.g., for your gym membership) and your banking account to automatically repay the card.
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