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As rising interest rates have increased the cost of credit card debt, the ability to borrow money without incurring interest charges becomes more appealing. With an industry-leading introductory 0% APR period and no annual fee, the BankAmericard® Credit Card for Students – Product Name Only presents a strong opportunity to do just that. However, while the card is marketed to students, it’s not a great fit for those without an established credit history.
If you need a credit card that will let you carry a balance for as long as possible without paying interest, the BankAmericard® Credit Card for Students – Editorial Name Only is a viable solution. Its introductory 0% APR period is at the long end of the spectrum, and can save you hundreds or even thousands of dollars in interest charges depending on the balance in question.
However, the card leaves a lot to be desired in other respects, so while it may be a solution, it may not be the best solution.
We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
BankAmericard for Students Review: Is It the Best Credit Card for You?
Many of the best 0% APR credit cards offer welcome bonuses, ongoing rewards, and other benefits on top of the introductory rate. The tradeoff is that these cards offer a shorter 0% APR period — 15 months and 18 months are common. If your finances can accommodate paying off your balance earlier, you may find the cash back and perks offered by these alternatives are worth the tradeoff.
The BankAmericard® Credit Card for Students – Editorial Name Only offers a BankAmericard® Credit Card for Students – Intro APR (then a BankAmericard® Credit Card for Students – Regular APR APR), which is unusual for a student credit card and among the longest available of any credit card on the market.
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Source:: Business Insider