Bank of america credit card balance transfer

Bank of America Balance Transfer Offers

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Here are the current Bank of America balance transfer offers. Whether you're transferring a balance to or from a BofA card, know these vital tips.

Are you looking to transfer your current credit card debt to a new Bank of America card? Or maybe you have debt with Bank of America and you want to offload it to an entirely new bank?

Here is what you need to know about BofA balance transfers.

Stick around to the end. You'll find the top Bank of America balance transfer promotions for March 2018 .

But watch out. There are a few quirks you need to know if you want to make a successful credit card balance transfer.

Read on before you apply for your next credit card.

Do You Have an Existing Balance from Another Bank?

If you're weighed down by credit card debt, a balance transfer is a smart way to get a break on interest rates. 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 offers a couple of cards with a promotional APR period for balance transfers. If you're considering this, here are a few guidelines to keep in mind.

  • Only some credit cards offer a promotional rate. Most Bank of America cards will let you transfer a balance over, but not all of them have a promotional APR. The whole point of transferring a balance is to score a lower interest rate than whatever you're getting now.
  • You'll pay a fee for the transfer. Most banks charge a fee to move over your balance. Bank of America usually has a transfer fee of 3% of the balance you're transferring (or $10 minimum).
  • The clock is ticking on transfers. For Bank of America cards with a 0% introductory APR offer, you usually have 60 days from date of account opening to complete the transfer in order to get the intro rate.
  • The promotional rate has an expiration date. For Bank of America cards, the intro APR length will generally start applying from the date of account opening. Pay careful attention to when the intro APR ends and aim to pay off your balance in full by the time it expires.
  • You can only transfer a certain amount. You can submit up to 3 balance transfers. And the total transfer amount (including any transfer fees) cannot be greater than your credit limit.
  • You could lose your introductory rate. If you miss a payment after you transfer a balance, some Bank of America cards could end your intro APR and apply the penalty APR. If you're not careful, this could make it more expensive in the long run. Always pay at least the minimum payment due, preferably more.
    • A low, variable APR on purchases, balance transfers and cash advances
    • No annual fee
    • No balance transfer fees
    • No foreign transaction fees
    • Chip technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
    • Free online access to FICO® Credit Score

    Do You Have an Existing Balance from Bank of America?

    There's also a lot to consider if you're transferring a balance from Bank of America to another bank. Read the fine print - if you don't pay attention to the details, the smart move you thought you were making can backfire.

    • 0% APR promotions may not always mean free. Most banks charge a balance transfer fee of 3% or 5%. This means for a $5,000 balance, you're looking at a balance transfer fee of $150 or $250. If you've got a lot of debt you want to move around, you need to know what it's going to cost up front. Instead, look for a credit card with no balance transfer fees.
  • Review the card's regular interest rate. Ideally, when you're transferring a balance, the goal is to pay it off before the 0% credit card promotional period ends so you're not stuck paying interest. If you're not sure you'll be able to clear the debt by the time your offer expires, find out the rate after the promo period and be realistic about how much it will hurt.
  • Don't bank on earning rewards from a transfer. Rewards cards generally pay out points, miles, or cash back on new purchases only. If you're transferring over several thousand dollars to a new rewards card, you're not likely to earn any rewards for it.
  • Time transfers carefully Schedule the transfer well ahead of the due date on your current card. Check your balance transfer status. Make sure you continue making payments on your old card until you get confirmation that the balance has been completely transferred. If you don't, you could end up with a late fee and the late payment could show up on your credit. Stop making new purchases on the old card once the transfer's been initiated.
  • Check the APR on purchases. If you're planning to use the new card to cover your expenses, look for one that extends the promotional 0% interest rate to purchases as well.

    Typically, you have a grace period on purchases where no interest accrues. But promotional interest rate offers may cause you to lose that grace period if you do not pay the entire statement balance (including the amount subject to the introductory APR) by the payment due date. If you plan to carry a balance, check the credit card issuer's terms to find out about the effects of the promotional APR offers on the grace period for new purchases.

    Bank of America has a couple of decent balance transfer offers comparable to what other banks offer. Transferring a balance can be a great move for your debt, but only if you're careful. Make sure you carefully read the fine print and are fully aware of any fees. Once you make the transfer, keep up with your payments and aim to pay it off in full before the intro APR period ends.

    Terms and limitations apply.

    Bank of America Balance Transfer Cards

    Bank of America Offers with No Annual Fees

    Below are the top Bank of America cards with a promotional 0% APR offer for balance transfers. All have no annual fee.

    • BankAmericard offers a $0 introductory balance transfer fee for transfers made within the first 60 days of opening your account. After that, the balance transfer fee is 3% ($10 minimum). This card has a 0% intro APR for 15 months on purchases and balance transfers (made within 60 days of opening your account). After that, a variable APR of 13.24% - 23.24%. There is no annual fee. This card also does not apply a penalty APR for late payments.
  • Bank of America Cash Rewards offers $150 online cash rewards bonus if you spend at least $500 on purchases within the first 90 days of opening your account. This card earns 1% cash back on all purchases, 2% cash back at grocery stores and wholesale clubs, and 3% on gas (up to the first $2,500 in combined grocery/wholesale club/gas purchases each quarter). There is no annual fee.
  • Balance Transfer Credit Cards with Low Intro APR

    Helping our customers meet their financial needs is important to us. Before you leave, please take a moment to answer these 4 simple questions.

    Your responses will help us improve the Bank of America digital experience for all our customers.

    Do you want to consolidate credit card debt? Bank of AmericaВ® has credit cards that offer low intro APRs on qualifying balance transfers for those looking to manage one card while paying down credit card debt and building credit. See more

    A low introductory APR for balance transfers can help you get control of your financial future. Learn more about the Bank of AmericaВ® credit cards that offer a low intro APR on balance transfer by selecting one of the credit cards on this page. See less

    Preferred Rewards makes your credit card even better

    When you enroll in the Preferred Rewards program, you can get a 25% or more rewards bonus on all eligible Bank of AmericaВ® credit cards.

    Plus, as a Preferred Rewards client, you’ll get even more benefits and rewards with your every day banking. As your qualifying Bank of America® deposit accounts and/or Merrill Edge® and Merrill Lynch® investment balances grow, so do your benefits.

    Customized offers fast and easy

    Tell us who you are and what you like, to see what offers are available to you. It will only take a minute and won’t impact your credit score.

    Already a Bank of America customer? Be sure to sign in when you check for offers to see what’s already waiting for you.

    Understanding credit is key to your financial health

    Choosing a credit card can be overwhelming. We’ve compiled some important considerations to help you pick the best credit card for you.

    Get the most out of your credit card. Find out how you can take advantage of all the opportunities that may be available to you as a cardholder.

    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.

    Better credit habits can lead to a better credit score. If you’re looking to improve your credit, check out some of our helpful tips.

    We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

    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. 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.

    If you prefer that we do not use this information, you may opt out of online behavioral advertising. If you opt out, though, you may still receive generic advertising. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.

    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. These ads are based on your specific account relationships with us.

    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.

    Responsible use of a Bank of America® credit card can help you establish or improve your credit history while simultaneously providing popular benefits and features. Their credit cards are geared towards the needs of a wide variety of consumers, making Bank of America® credit cards a great choice. Bank of America® credit cards offer a variety or perks, from Travel Rewards, to Cash Rewards, to Balance Transfers. Below you will find our most popular Bank of America® credit cards:

    • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days, then 13.24% - 23.24% Variable APR
    • $0 Intro balance transfer fee during first 60 days of account opening. After that, the fee for future balance transfers is 3% (min. $10).
      • No annual fee
      • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
      • Access your FICO® Score for free within Online Banking or your Mobile Banking app
      • No annual fee
      • $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
        • Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
        • No changing categories and no expiration on rewards
        • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 14.24% - 24.24% Variable APR. 3% fee (min $10) applies to balance transfers
        • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
        • If you're a Preferred Rewards client, you can increase that bonus to 25% - 75%
        • 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 expire
        • 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $200 statement credit toward travel purchases
          • Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions
          • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
          • Comes with chip technology for enhanced security and protection at chip-enabled terminals
          • 0% Introductory APR for 12 billing cycles for purchases, then 16.24% - 24.24% Variable APR
          • Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account
          • If you’re a Preferred Rewards client, you can increase that bonus to 25% - 75%
          • Receive 50,000 bonus points- a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening.
          • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
            • If you’re a Bank of America Preferred Rewards client, you can get a 25%-75% rewards bonus on every purchase.
            • No limit to the points you can earn and your points don’t expire
            • Flexibility to redeem for a statement credit, deposit into eligible Bank of America® or Merrill Lynch® accounts like checking, savings, and 529, for gift cards or use at the Bank of America Travel Center.
            • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
            • No Foreign Transaction Fees
            • Low $95 annual fee
            • Get a $200 statement credit when you make at least $500 in net purchases within 60 days of your account opening.
            • Save on interest with a competitive purchase APR.
              • No annual fee.
              • 0% Introductory APR on purchases for your first 7 billing cycles.
              • Employee cards at no additional cost to you and with credit limits you set.
              • Get a flexible suite of online services that adopts to your business needs with MyReport Center.

              Credit Sesame - Personal Loans up to $35,000

              • Unsecured personal loans up to $35,000
              • Good, Bad and No Credit Welcome
              • Get Cash in as little as 24 hours
              • Lower Interest rates
              • Loans for any purpose
              • No collateral, no problem
              • Credit Score, Credit Monitoring, ID Theft protection - FREE!

              To ensure your online security when applying for a credit card, our site links only to official card issuer applications featuring 128-bit secure SSL encryption.

              NerdWallet’s Best Bank of America Credit Cards of 2018

              If you’re a Bank of America® customer and you’re looking to keep all your accounts in one place, most Bank of America® credit cards will reward you for your loyalty. But even if you bank elsewhere, the Nerds’ top Bank of America® picks also offer solid benefits.

              Best for cash back: Bank of America® Cash Rewards credit card

              Earn 1% cash back on every other purchase, 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/gas/wholesale club purchases each quarter; $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening.; Get bonus rewards for being a Bank of America® customer; APR: 0% on Purchases for 12 billing cycles and 0% on Balance Transfers for 12 billing cycles for balance transfers made in the first 60 days, and then the ongoing APR of 14.24% - 24.24% Variable APR; $0 annual fee.

              Bank of America® Cash Rewards Credit Card

              • No annual fee
              • Cash bonus offer
              • Cash rewards
              • If you're a big spender with excellent credit and willing to pay an annual fee, there are cards with higher rewards
              • APR: 14.24% - 24.24% Variable APR
              • Penalty APR: up to 29.99% APR
              • 0% on Purchases for 12 billing cycles and 0% on Balance Transfers for 12 billing cycles for balance transfers made in the first 60 days
              • No annual fee
              • $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
              • Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
              • No changing categories and no expiration on rewards
              • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 14.24% - 24.24% Variable APR. 3% fee (min $10) applies to balance transfers
              • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
              • If you're a Preferred Rewards client, you can increase that bonus to 25% - 75%

              Benefits of the Bank of America® Cash Rewards credit card:

              • Get bonus cash back for gas, grocery and wholesale club purchases all year long; no need to opt into quarterly bonus categories.
              • Get a 10% bonus when you redeem your cash into a Bank of America® checking or savings account; increase that bonus to 25% to 75% if you’re a Preferred Rewards client. For example, if you have at least $20,000 combined balances in your Bank of America ® banking and/or Merrill Edge ® and Merrill Lynch ® investment accounts, you’ll earn a 25% bonus on your cash back. If you have at least $50,000 in combined balances, you’ll earn a 50% bonus. Once you have $100,000 or more in combined balances, you’ll be rewarded with a 75% bonus.
              • The card has a decent 0% APR period in case you want to make a large purchase or transfer a balance and take extra time to pay it off.
              • It has a $0 annual fee.

              Drawbacks of the Bank of America® Cash Rewards credit card:

              • Its bonus rewards top out at 3% if you don’t redeem your rewards into a Bank of America® checking or savings account and you aren’t a Preferred Rewards client. Other cash-back cards offer as much as 5% on quarterly bonus categories.
              • It’s not very useful if your grocery bill is low and you don’t drive a lot.

              The Bank of America® Cash Rewards credit card is a solid cash-back card for people who spend a lot on gas, grocery and wholesale club purchases. It’s especially lucrative for Preferred Rewards clients. But if you don’t bank with Bank of America®, your grocery bill is usually low, you don’t shop at wholesale clubs and you don’t drive often, it might not be worth it.

              Best for travel: Bank of America® Travel Rewards Credit Card

              Earn unlimited 1.5 points per dollar spent on all purchases; 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $200 statement credit toward travel purchases; Get bonus rewards for being a Bank of America® customer; APR: 0% on Purchases for 12 billing cycles, and then the ongoing APR of 16.24% - 24.24% Variable APR; no foreign transaction fee; $0 annual fee.

              Bank of America Credit Card Promotions – March 2018

              Bank of America, the second largest bank in the U.S, has a huge array of credit cards with a variety of rewards and perks. They include cash back, points and travel rewards cards from any number of special interest and affinity cards for retailers, independent clubs and nonprofits. Below, you will find all Bank of America credit cards for people with excellent/good credit to average credit along with their most important features. These cards come with chip technology, account alerts, mobile and text banking, zero liability fraud protection and a paperless statement option. The standard credit cards typically have lower credit limits, fewer benefits than premium cards and are designed to provide basic credit card services. However, the premium credit cards, such as platinum cards, offer higher credit limits and usually have extra features, including product warranties, purchase protection, travel insurance and emergency services. Click on the “Review” and learn all about rewards, rate and fees, perks, and benefits.

              Things To Know About Bank Of America:

              Bank of America offers a lot of cards worth mentioning in their portfolio, but there are some things you should know before getting a new card with them and I advise that you read over this list to maximize your banking experience with Bank of America.

              1. It’s possible to check for pre-approved offers with Bank of America. They don’t necessarily offer this with their bigger bonuses though.
              2. Bank of America merges multiple hard credit pulls into a single pull. Only if you apply for all the cards in one day. personal & business cards don’t affect it.
              3. Amount of credit cards you can have with them will have no hard credit limit. Sometimes they will automatically distribute your credit limits from existing cards to get you approved. They may be more strict about the total credit limit that they extend to you.
              4. You may receive another offer of the same card instead of being denied. if you weren’t approved for a Signature card from BoA, you might be approved for a Platinum with a lower sign up bonus instead.
              5. It’s possible to churn Bank of America cards. Now, Bank of America has become more strict when it comes to churning.
              6. Bank of America does hard pulls for credit limit increases.
              7. If your account is frozen, Bank of America will sometimes pull a different credit bureau. You can’t give them a PIN to access a frozen report.
              8. Soft Pulls will be reported when distributing your credit limit. I recommend trying to apply for a platinum and distributing your credit limit from an older card to the platinum.
              9. Bank of America might do match-ups on Bonuses that has increased.
              10. The annual fee can be refunded if you cancel within one statement cycle. Your banking history with BoA has an affect on it.
              11. If you have a good reason, Bank of America would expedite. For example, if you need the card as soon as possible for work.
              12. You can waive the annual fee on your card. I recommend contacting the retention department after the annual fee posts to get it waived, when your card has been open for 180 days (or 180 days after the annual fee posts) call again and try to get some free points/miles.
              13. Alaska Credit cards will typically give you an instant credit card number. This would be useful for making big purchases and getting the minimum spending requirement done quicker.
              14. They’ll let you change the statement closing date on your account. You just need to call the number on the back of your card, but as far as I know you can’t use this feature to expedite bonus points/miles posting.
              15. Bank of America reports your credit card usage as what’s shown on your statement balance. It might be possible to get them to report this mid cycle by changing your contact information. Pay it off earlier if you need to lower your credit usage for FICO score.
              16. Bank of America business credit cards don’t get reported to the personal credit bureaus.
              17. If you’re denied for a Bank of America card, make sure you contact reconsideration department! There’s a good chance you can be approved by answering some questions.


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