Bank Of America credit card terms
Top-25 issuer · 23 products surveyed · CFPB TCCP survey, Jul-Dec 2025
Bank Of America reported a surveyed purchase APR of 13.49% – 28.24% (median 22.24%) to the CFPB Terms of Credit Card Plans survey, across 23 products. It is one of the 25 largest U.S. card issuers. Annual fees on surveyed cards: $59 – $550. These are surveyed terms, not an offer — your APR depends on your credit.
Source: CFPB Terms of Credit Card Plans (TCCP) Survey. Data as of CFPB TCCP survey, Jul-Dec 2025.
Bank Of America surveyed terms at a glance
| Term | Reported value |
|---|---|
| Purchase APR (surveyed range) | 13.49% – 28.24% |
| Median purchase APR | 22.24% |
| Rate type | variable |
| Intro / promo APR offered | Yes |
| Balance-transfer APR (max) | — |
| Cash-advance APR (max) | 29.24% |
| Annual fee | $59 – $550 |
| Late fee (median) | $29 |
| Secured card offered | Yes |
| Products surveyed | 23 |
Source: CFPB Terms of Credit Card Plans (TCCP) Survey. Data as of CFPB TCCP survey, Jul-Dec 2025.
A dash (—) means Bank Of America did not report that field in the survey.
Bank Of America purchase APR by credit tier
Median purchase APR Bank Of America reported for each applicant credit tier. Cards typically quote a range and place you within it based on your credit:
| Your credit tier | Median purchase APR |
|---|---|
| Poor credit (619 or less) | 9.99% |
| Good credit (620-719) | 26.74% |
| Great credit (720+) | 21.74% |
Source: CFPB Terms of Credit Card Plans (TCCP) Survey. Data as of CFPB TCCP survey, Jul-Dec 2025.
How Bank Of America compares
For good credit (620-719), the CFPB median purchase APR was 28.2% at large issuers and 18.15% at small banks and credit unions. Bank Of America's median of 22.24% sits above the 21% national average APR.
Similar issuers (top-25 issuer)
| Issuer | Surveyed purchase APR | Median APR | Annual fee |
|---|---|---|---|
| Bank Of America (this issuer) | 13.49% – 28.24% | 22.24% | $59 – $550 |
| Truist Bank | 13.74% – 27.74% | 21.74% | $95 – $450 |
| Citizens Bank | 15.74% – 29.24% | 23.49% | $295 |
| TD Bank | 17.24% – 28.99% | 23.99% | $29 – $89 |
| U.S. Bancorp | 16.49% – 30.49% | 24.49% | — |
| USAA Federal Savings Bank | 10.65% – 27.65% | 24.65% | $95 |
| Regions Bank | 18.49% – 28.49% | 25.49% | — |
Truist Bank · Citizens Bank · TD Bank · U.S. Bancorp · USAA Federal Savings Bank · Regions Bank
Frequently asked questions
What is Bank Of America's credit card APR?
Bank Of America reported a purchase APR of 13.49% – 28.24% to the CFPB Terms of Credit Card Plans survey (median 22.24%), across 23 surveyed products. Rates are variable. This is a surveyed range, not an offer; your actual APR depends on your credit.
Does Bank Of America charge an annual fee?
Bank Of America's surveyed cards carry an annual fee of $59 – $550. Many cards from this issuer have a $0 annual fee; premium cards charge more. Verify the specific card.
Is Bank Of America a good choice for a low APR?
Bank Of America is one of the 25 largest issuers. The CFPB found large issuers charge roughly 8 to 10 percentage points (large vs small issuers, across credit tiers) more than small banks and credit unions. If a low APR is the priority, compare a local credit union.
Keep exploring
Sources & accuracy
Terms reported by Bank Of America (Bank Of America, National Association) to the CFPB Terms of Credit Card Plans (TCCP) Survey (U.S. public domain, CFPB TCCP survey, Jul-Dec 2025). Surveyed terms are not an offer; your actual APR, fees and approval depend on your creditworthiness. Verify current terms with the issuer. See our methodology and disclaimer.
Last updated: 2026-06-29