Bank of America Credit Card Interest Rates. © 2010-2021 - Although we cover a range of products that we update periodically, please confirm the precise terms and interest rates of the product with the relevant bank. Bank of America® Cash Rewards Credit Card 2021 Review, Application & Rates " With a solid cash-back program, this card appeals to those who intend to use it often for everyday purchases. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. A secured credit card can help establish, strengthen and even rebuild your credit. It’s helpful to consider two … To protect your identity, please do not submit personal or account information. By following a few simple steps, you can help ensure you’re headed in the right direction when it comes to managing your credit card debt. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Finally, we calculate the interest charged for the … mso-tstyle-colband-size:0; If you opt out, though, you may still receive generic advertising. mso-hansi-font-family:Cambria; Daily Balance x DPR) x Days in the Month. Compare the best Bank of America credit card offers available online at Better credit habits can lead to a better credit score. Merrill Lynch clients will be able to use their Merrill Lynch mobile app which uses the camera to capture and send paper documents to their financial advisors. Find out how you can take advantage of all the opportunities that may be available to you as a cardholder. We’ve compiled some important considerations to help you pick the best credit card for you. We strive to provide you with information about products and services you might find interesting and useful. mso-para-margin:0cm; To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. Bank of America offers multiple credit cards that are listed above … Use this credit card minimum payment calculator to determine how long it will take to pay off credit cards if only the minimum payment is made. The Bank of America® Cash Rewards credit card also offers a $0 annual fee and an intro 0% APR on purchases and on balance transfers made in the first 60 days from account opening. -->. Credit cards are great tools that can help you leverage your cash flow, since you can make purchases now and pay later. The rate of 13.99% to 23.99 is 2.11% lower than the average 16.1%. Get the most out of your credit card. The Bank of America® Cash Rewards credit card offers introductory 0% APR for 12 billing cycles on both purchases and balance transfers made in the first 60 days. So they’ll take the $125.81, and then they’re going to multiply it by your APR, … We're sorry, this page is temporarily unavailable. Be sure to sign in when you check for offers to see what’s already waiting for you. mso-padding-alt:0cm 5.4pt 0cm 5.4pt; The Bank of America Cash Rewards credit card benefits include fraud protection, the option to add your card to a digital wallet such as Apple Pay, and monthly FICO credit score access for free. mso-style-noshow:yes; Redeem for cash back as a deposit into Bank of America ® checking or savings accounts, for credit to eligible Merrill ® accounts including 529 accounts, as a statement credit to your credit card, or for gift cards and purchases at the Bank of America … © 2020 Bank of America Corporation. Find out today's checking, savings, IRA and CD account interest rates from Bank of America. interest rate, building and rebuilding credit cards and student cards. It depends on both your creditworthiness and which Bank of America credit card you apply for. Choosing a credit card can be overwhelming. Already a Bank of America customer? Also it is -13.99 % lower than the highest rate Updated May, 2020 on Bank of America's … Bank of America published its results of the company’s 2018 Dodd-Frank Act Annual Stress Test that can be found on its website, Bank of America has surpassed 1 million users on Erica, its AI-driven virtual assistant in financial services, available in its mobile banking app. No. When deciding between credit cards, APR can help you compare how expensive a transaction will be on each one. Read the details about our lower interest rate credit cards to choose the one that's best for you. Member FDIC. font-size:12.0pt; mso-para-margin-bottom:.0001pt; Bank of America® Cash Rewards credit card last updated on 01.12.21 Bank of America has a rewards structure that allows cardholders to decide how they want to earn rewards. The average cash advance APR is 26.49% … Cards can stretch your dollar a little further, too, if you take advantage of rewards or cash back cards. 2 U.S. credit card issuer Bank of America made the pledge to cease interest rate hikes (also known as re-pricing accounts) in an Oct. 5 letter sent to key congressional leaders. Now, let’s say your interest rate … Relationship-based ads and online behavioral advertising help us do that. Bank of America posted fourth-quarter results on Tuesday that beat analyst expectations, but its revenue was hurt by historically low interest rates that affected its consumer banking business. Bankrate's experts compare hundreds of credit cards and credit card offers to select the best in cash back, rewards, travel, business, 0% APR, balance transfer and more. Note that we cannot reply to questions asked via this form. mso-ascii-font-family:Cambria; Equal Housing Lender new window. The trick is to move your debt to a card with a promotional 0% APR for balance transfers.This will give you a period of time to pay off that debt without accumulating more interest. Bank of America, N.A. Bank of America credit card hardship programs. When negotiating a lower rate on your current cards, aim for a rate that's lower than the average. See more product information, Lower interest rate credit cards help reduce your cost of credit while offering you a variety of features such as rewards and cash back on every purchase. mso-pagination:widow-orphan; If you're weighed down by credit card debt, a balance transfer is a smart way to get a break on interest rates. Last november BoA lowered my limit from 16000 to 15000. at the time my balance was around 14700. These ads are based on your specific account relationships with us. One or more of the cards you chose to compare are not serviced in English. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. To Bank of America. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire25,000 online bonus points after you make at … font-family:Cambria; ATM, Over-the-counter, same-day online, overdraft protection and cash equivalents cost: A 5% fee of the amount with a $10 minimum. including: cash rewards credit cards, travel & airline rewards, lower It will only take a minute and won’t impact your credit score. There are credit card payment deferrals, interest rate … (Avg. The extra interest … If you have $5,000 in credit card debt with a fixed interest rate of 18%, you’ll end up paying more than $2,900 in interest alone if you only submit the minimum payment each month. Before you leave, please take a moment to answer these 4 simple questions. Opinions expressed here are author's alone, not those of any bank, credit card … The review has been received and will be be viewed for approval by a moderator. As of November 2019, the average interest rate on credit card accounts that charge cardholders interest was 16.88%. /* Style Definitions */ All Bank of America … When my minimum payment hit me it sent me over my new limit and defaulted me and I was charged with a 27.99% interest rate. A Bank of America credit card’s interest rate can be anywhere from 14.74% to 24.99% (V). Please contact us directly if you have any account or service related issues. APR Bank of America Cash Rewards credit card … “Dear Steve, My situation concerns Bank of America. A lower interest rate credit card can help you save on the cost of debt by making it easier to pay down your balance faster. Thank you for your contribution. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Your responses will help us improve the Bank of America digital experience for all our customers. We apologize for the inconvenience. This … Meanwhile, Bank of America has reintroduced the BankAmericard® credit card after a temporary pause with a minimum APR of 12.99%. Helping our customers meet their financial needs is important to us. Tell us who you are and what you like, to see what offers are available to you. By submitting your feedback, you agree Bank of America, its affiliates and any authorized parties may use, commercialize or reproduce the feedback without restriction or any compensation to you. The U.S. Prime Rate, as published daily by The Wall Street Journal, is based on a survey of the prime rates of the 10 … {mso-style-name:"Table Normal"; Account Details APR Updated; Bank of America Cash Rewards Credit Card… Bank of America has a number of hardship programs they offer to customers in an effort to help them pay their bills and address any debt they may have. The Bank of America® credit card comparison tool lets you compare credit cards side by … There are two fees and two interest rates for Bank of America cash advances, depending on the transaction. All rights reserved. table.MsoNormalTable Bank of America has a variety of credit card products, mso-tstyle-rowband-size:0; Please Visit the Bank of America website for specific conditions and terms before applying for this card.