University of Michigan from Bank of America Review

University of Michigan from Bank of America ā€” all information about the credit card.

Bank of America University of Michigan
Learn more
Our Rating:
5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 3% Cash Back in the category of your choice (on the first $2,500 each quarter).
    • 2% Cash Back at grocery stores and wholesale clubs (on the first $2,500 each quarter).
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • $200 Cash rewards bonus after making at least $1,000 in purchase(s) within the first 90 days of account opening.
  • Annual Fee:
    $0
  • Purchase Intro APR:
    0% Introductory APR for the first 15 Statement Closing Dates following the opening of your account
  • Regular APR:
    18.24% - 28.24% Variable
  • Balance Transfer APR:
    18.24% - 28.24% Variable
Show more

We recommend more cards

Bank of America University of Michigan Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
3%
Rotating categories
$
2%
Groceries
$
2%
Wholesale clubs
$
1%
All other purchases
$
Have you already recieved the Bank of America intro bonus?
Calculate
Show less details

All benefits

  • Cash back
    • 3% In the category of your choice (on the first $2,500 each quarter).
    • 2% At grocery stores and wholesale clubs (on the first $2,500 each quarter).
    • 1% On all other purchases.

Rate and fee information

  • Purchase Intro APR
    • 0% Introductory APR for the first 15 Statement Closing Dates following the opening of your account
  • Purchase APR
    • 18.24% - 28.24% Variable
  • Intro Balance Transfer APR
    • 0% Introductory APR for the first 15 Statement Closing Dates following the opening of your account for transactions made within 60 days of opening your account
  • Balance Transfers APR
    • 18.24% - 28.24% Variable
  • APR for Cash Advances
    • 21.24% - 29.24% Variable (for Direct Deposit and Check Cash Advances)
      29.24% Variable (for Bank Cash Advances)
  • How to Avoid Paying Interest
    • Your due date is at least 25 days after the close of each billing cycle. You will not be charged any interest on Purchases if you pay your entire balance by the due date each month. You will be charged interest on Cash Advances and Balance Transfers on the transaction date.

Fees

  • Annual Fee
    • $0
  • Fees for Balance Transfer
    • 3% of the amount of each transaction
  • Fees for Cash Advances
    • 3% - 5% of the amount of each transaction
  • Penalty Fees
    • Up to 29.99%
  • Late Payment
    • Up to $40
View all Rates & Fees

Pros & Cons

Pros:
  • No Annual Fee
  • Intro APR period
Cons:
  • Foreign Transaction Fee
  • High APR

Features

Classic
Visa
Contactless
  • 0% Intro APR
  • No Annual Fee
  • Cashback
  • Payment Flexibility
  • Rewards
  • Good Credit
  • Excellent Credit

About the issuer

Bank of America has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

Compare with other cards

Walmart purchases
Capital One Walmart RewardsĀ®
Capital One Walmart RewardsĀ® MastercardĀ®
4.03 out of 5
Recommended credit score
score
Fair to Good (580-739)
  • None
    Annual Fee
  • 19.48% - 29.99%
    Regular APR
  • 5%
    Cash Back at Walmart.com, including pickup and delivery.
  • None
    Purchase Intro APR
Learn more
on our partnerā€™s site
Walmart purchases
Capital One SparkĀ® Miles
Capital One Spark Miles for Business
4.11 out of 5
Recommended credit score
score
Good to Excellent (670-799)
  • $0
    Annual Fee
  • 26.24%
    Regular APR
  • 5x
    Miles on hotels and rental cars booked through Capital One Travel.
  • None
    Purchase Intro APR
Learn more
on our partnerā€™s site
Capital One Spark Cash Select for Excellent Credit
Capital One Spark Cash Select for Excellent Credit
5 out of 5
Recommended credit score
score
Excellent (740-799)
  • None
    Annual Fee
  • 18.49% - 24.49%
    Regular APR
  • 5%
    Cash Back on hotels and rental cars booked through Capital One Travel.
  • None
    Purchase Intro APR
Learn more
on our partnerā€™s site

See Another Credit Cards in the Bank

The University of Michigan Credit Card from Bank of America is an option for those, who need Classic features. With an APR of 18.24% - 28.24% and $0 annual fee this credit card can easily cover your simple everyday demands. For high approval odds you need to have Good to Excellent (670-799) credit score. With Bank of America University of Michigan you will get such features as 0% Intro APR, No Annual Fee, Cashback, etc. To make sure about either this credit card is good for you or not compare it with other cards with similar features.

Another popular cards for you
4.04 out of 5
Recommended credit score
scorer
Fair to Excellent (580-799)
  • None
    Annual Fee
  • None
    Regular APR
  • 2x - 7x:
    Points on restaurants.
  • None
    Purchase Intro APR
Apply now
On Cross River Bankā€˜s site