BankAmericard for Students Review

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The BankAmericard for Students provides all of the same benefits as the BankAmericard but is more accessible to college students. The card offers a valuable introductory 0% interest promotion, but for the average student looking for their first credit card, it might be tough to find useful card benefits.

BankAmericard® for Students

overall rating
3.4
BankAmericard® for Students
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.49% - 24.49% variable
Annual Fee $0
INTRO PURCHASE APR 0% for 15 Billing Cycles
Rewards Earning Rate This card does not offer a rewards program.
Foreign transaction fee (%) 3%
Ratings Breakdown
for Interest
2.9
for Fees
1.9
for Rewards
4.8
for Credit
2.2

Who Is This Credit Card Best For?

  • Avatar for Credit Builder Persona
    Takes improving their finances seriously and wants recognition for using credit responsibly See more cards
    Credit Builder
  • Avatar for Student Persona
    Looks for deals that make a limited budget go further See more cards
    Student

This Bank of America student card has a very specific value proposition, and, unfortunately, it’s not a good fit for most college students. 

However, the card’s introductory 0% interest promotion may be a good fit for older students who might already have some credit card debt or need to make a large purchase and pay it down interest-free. If you’re simply looking for a card that can help you build credit and provide rewards along the way, you may want to keep shopping around. 

Also, consider applying for the card if you have a creditworthy co-signer. Unlike some student credit cards, this one allows co-signers.

Pros
  • Generous 0% APR promotion on purchases and balance transfers

  • Balance transfer fee waived upfront

  • Free FICO score access

  • Allows a co-signer

Cons
  • No rewards program

  • High ongoing APR

Pros Explained

  • Generous 0% APR promotion on purchases and balance transfers: The bulk of the value this card offers is in its introductory 0% APR promotion. Upon approval, you’ll get a 0% APR for 15 billing cycles on both purchases and balance transfers. In general, it’s a good idea to avoid carrying a balance from month to month. But if you need to, this promotion can save you a lot of money.
  • Balance transfer fee waived upfront: Balance transfer credit cards may offer an introductory 0% APR promotion, but many of them charge a fee to move your balance from another card. This fee, which typically ranges from 3% to 5% of the transfer amount, is waived for the first 60 days with the BankAmericard for Students.
  • Free FICO score access: Bank of America gives you free access to view your FICO score, which can help you keep track of your progress as you work to build your credit history.
  • Allows a co-signer: Bank of America is one of the few major credit card issuers that still allows co-signers. So if you have a parent or other trusted family member with great credit, they may be able to help you get approved. 

Cons Explained

  • No rewards program: While the card offers a lot of value through its 0% APR promotion, it doesn’t offer any rewards. If you want a similar 0% APR promotion with rewards, consider the Bank of America Cash Rewards for Students
  • High ongoing APR: Getting an introductory 0% APR promotion can save you money. But once it ends, the card’s variable APR ranges from 14.49% to 24.49%, based on your creditworthiness. If you can, avoid carrying a balance on the card.

How to Get the Most Out of This Card

If you already carry some credit card debt, getting rid of it may be more important than earning rewards. If that’s the case, take advantage of the card’s 0% APR promotion by transferring your balance within 60 days of your account opening.

Make sure you pay off the balance in full by the end of the card’s 0% interest promotion. Otherwise, you may get slapped with a high standard interest rate on the remaining balance.

If you’re new to credit and don’t yet have credit card debt, this card may not provide as much value as a student credit card that offers rewards. Several of those cards offer introductory 0% APR promotions in addition to their rewards programs. 

Customer Experience

In the most recent J.D. Power Credit Card Satisfaction Study, Bank of America was rated about average. In the marketing firm’s mobile app rankings, however, the bank ranks third. The card issuer’s customer service team is responsive, giving you 24/7 access over the phone and a live chat feature on the website.

Bank of America also gives you free FICO score access, which can be helpful for college students as they work on establishing a credit history.

Security Features

Bank of America offers standard security, including zero liability for fraudulent purchases. If you lose your card, Bank of America doesn’t allow you to lock it through your mobile app or online account. However, you can request a replacement card, which begins the process of canceling the old one and sending you a new one.

BankAmericard for Students’ Fees

This Bank of America student card doesn’t charge an annual fee, and it waives its balance transfer fee for the first 60 days. However, it does charge a few other fees, all of which are in line with industry standards. Most of the fees are avoidable if you avoid cash advances and balance transfers after the introductory period. However, if you plan to travel abroad any time soon, note that the card tacks on a 3% fee to international purchases. 

For BankAmericard® for Students
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CURRENT CARD
BankAmericard® for Students
overall rating
3.4
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.49% - 24.49% variable
Annual Fee $0
INTRO PURCHASE APR 0% for 15 Billing Cycles
Our Methodology
  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Bank of America. "Terms and Conditions for BankAmericard for Students." Accessed Jan. 20, 2020.

  2. J.D. Power. "2019 U.S. Credit Card Satisfaction Study." Accessed Jan. 29, 2020.

  3. J.D. Power. "U.S. Credit Card Mobile App Satisfaction Study." Accessed Jan. 29, 2020.