BankAmericard for Students review

BankAmericard for Students review

Updated: December 6, 2023
Updated: December 6, 2023
Ratings Policy
Student Rating:
2.7 rating
2.7 rating
2.7 / 5
Introductory Offer:5.0
Interest and Fees:3.6
Rewards Program:0.0
Issuer Customer Experience1.6

In a Nutshell:

Bank of America’s bare bones student card comes with a generous intro balance transfer offer and a low starting interest rate. This offer is no longer available on our site. 

15.99%-25.99% variable

Very Good

Annual Fee


Penalty APR


Introductory Offer

  • 0% intro APR on purchases for the first 21 Statement Closing Dates following the opening of your account
  • 0% intro APR on balance transfers for the first 21 Statement Closing Dates following the opening of your account for transactions made within 60 days of opening your account.

Estimated Yearly Rewards Value ($300 monthly spend)


Rewards Program


Bank of America Customer Service Ratings

  • J. D. Power 2020 customer satisfaction rating: 812 (20% of issuers in this category ranked higher)
  • 24/7 customer service?: Yes
  • Online chat available?: Yes
  • Google Play Store mobile app rating: 4.8/5
  • Apple Store mobile app rating: 4.7/5

Other Notable Features: Mobile banking, email and text alerts, fixed due dates, zero liability, overdraft protection, paperless statements, EMV chip, private online shopping, free FICO score

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The information for the BankAmericard for Students has been collected independently by The card details on this page have not been reviewed or provided by the card issuer.

When you’re just starting to use credit, it’s all too easy to get carried away and rack up a hefty balance. A balance transfer card such as the BankAmericard for Students could help you shave down that balance faster – if you can pay bills on time and pay more than the minimum amount due.

The BankAmericard earns top marks from us for its lengthy interest-free balance-transfer offer and low starting interest rate.

Lengthy 0-percent balance transfer period

The BankAmericard for Students offers one of the longest interest-free balance transfer periods on the market, making it a good deal for cardholders who want to knock out their balances quickly. You have 21 billing cycles to trim your balance before the card’s standard interest rate kicks in (15.99% to 25.99% variable). By contrast, other student cards typically offer just six billing cycles to a year to take advantage of an interest-free balance transfer.

Comparatively low interest rate

We also like that the interest rate on the BankAmericard is low compared to other student cards – particularly for students with excellent credit. Depending on your credit history, you could be offered an APR as low as 15.99 percent variable, which is significantly lower than most student cards. The average student credit card APR, for example, is currently 16.26 percent, according to data.  The card’s maximum variable interest rate of 25.99 percent is more typical of student cards, but it’s still lower than the top rate offered by some competitors.

No rewards

The BankAmericard doesn’t offer a rewards program, so you’ll have to look elsewhere if you want to squeeze more value from your spending. However, if you just need a basic, low-rate card to build your credit history or are focused on paying down a large balance, it could be a good option. Rewards cards typically charge much higher APRs, so they’re less than ideal if you plan to carry a balance.

Fewer perks

The BankAmericard also comes with fewer perks than other student cards, but it does offer some benefits that set it apart. For example, you can sign up for email and text alerts to help you keep better track of your bills. In addition, Bank of America offers mobile and text banking, so you can text questions about your credit card and get quick answers on the go.

Why get the BankAmericard for Students?

  • You have a large balance on another card or are juggling multiple credit cards and want to consolidate your debt onto one lower-rate card.
  • You’re looking for a basic credit card to help you build credit history.
  • You want a lower credit card interest rate.
  • You want to easily mask your credit card details when you shop online.

How to use the BankAmericard for Students:

  • If you transfer a large balance, pay it down aggressively before the introductory period expires. It will be much harder to pay your balance down once your standard interest rate kicks in.
  • Take advantage of the card’s email and text alerts so you always know when your bills are due.

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All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

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