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BAM review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

BAM is a Guatemala credit card for people who want rewards, lounge access and travel insurance and pay the balance in full. It costs an annual fee of GTQ 700 to GTQ 1,200, interest at 38% to 52% on a carried balance and 3% to 4% on currency conversion.

Key facts

Best for
A rewards credit card for Guatemalan spenders who pay in full each period.
Annual fee
GTQ 700 to GTQ 1,200↗
APR
38% to 52%↗
Currency conversion fee
3% to 4%↗
Rewards type
Points↗
Rewards rate
1-2.5% + Mastercard perks↗
Perks
Cashback, Miles, Lounge access, Travel insurance, Extended warranty↗
Card kind
Credit↗
Legal entity
Banco Agromercantil de Guatemala, S.A.↗
Headquarters
Guatemala↗
Founded
1926↗
Support channels
Phone, Help-centre↗
Pricing model
No monthly fee
Features
Rewards
Official website
bam.com.gt

Loans

Loan amount
from GTQ 5,000↗
Term
3 to 24 months↗
Arrangement fee
1.60% to 4.60% administrative fees (gastos administrativos)↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
Full copy of DPI, utility bill, original income proof, last 3 bank statements, NIT; borrowers aged 60 to 70 need a guarantor (fiador); maximum age 70↗
Origination fee (%)
1.6% to 4.6%↗
Loan types
Personal↗

Savings

Headline rate
4%↗
Minimum deposit
GTQ 1,000↗
Access terms
Chubal savings goal kept for the chosen term (3-24 months), up to 10 active Chubales, cancel any time with no penalty; Nequi account sends and receives money instantly 24/7↗
Monthly fee
GTQ 0↗
Account kind
Fixed↗

Mortgages

Fixed period
30 years↗
Purpose
Purchase↗

Facts checked September 26, 2026, 11 sources

Apps and profiles

Elsewhere
Wikidata

Pros and cons

Pros

  • Rewards worth 1-2.5% + Mastercard perks on a points card, with cashback, miles, lounge access, travel insurance and extended warranty
  • A credit card from Banco Agromercantil de Guatemala, S.A., a bank trading since 1926
  • Savings goals alongside, with a headline rate of 4%, a term of 3 to 24 and a minimum deposit of GTQ 1,000

Cons

  • Interest at 38% to 52% makes any balance carried between periods expensive
  • Currency conversion costs 3% to 4% on spending made outside Guatemala
  • Support runs on phone and help centre only, so there is no email address or live chat route

Ready to try BAM?

Scored 9.0 / 10 by SumCue.

See alternatives

Who it suits

  • Guatemalan cardholders who want points, lounge access and travel insurance on the same card
  • People who clear the balance each period and can live with interest at 38% to 52%
  • Borrowers after a personal loan from from GTQ 5,000 who can handle the paperwork

Who should look elsewhere

  • bunq, where the annual fee is €0 and no rewards are listed
  • Wise, whose annual fee of £0 suits a card used to move money rather than to earn rewards
  • Varo Believe Secured Credit Card, where an annual fee of $0 buys a secured card instead of rewards

Fees and currency costs

On the credit card, the annual fee is GTQ 700 to GTQ 1,200 and interest on a carried balance runs at 38% to 52%. Spending outside Guatemala adds 3% to 4% in currency conversion on top of both. The card is aimed at quetzal spending cleared each period, since a balance left open runs at 38% to 52% and a foreign bill is charged 3% to 4% on the conversion.

How BAM compares

Where BAM is available

Available
Guatemala

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the credit card cost to keep?+

The annual fee is GTQ 700 to GTQ 1,200 on a credit card, so the cost sits in the price of holding it. Points, lounge access and travel insurance have to earn that fee back through spending on the card.

How much interest does the card charge?+

Interest runs at 38% to 52% on a balance carried between periods, well above what most cards in the comparison charge. Clearing the card in full each period leaves the GTQ 700 to GTQ 1,200 annual fee as the main cost.

Is spending abroad worth it on this card?+

Currency conversion adds 3% to 4% on purchases made outside Guatemala, on top of interest at 38% to 52% on anything left open. Everyday quetzal spending avoids that charge, so the card pays most on local use.

What rewards and perks come with the card?+

Rewards are worth 1-2.5% + Mastercard perks and paid as points, with cashback, miles, lounge access, travel insurance and extended warranty alongside. The rate covers everyday spending while the extras apply to travel and larger purchases.

How do I get help if something goes wrong?+

Support runs on phone and help centre only, so questions reach the bank by phone or through the help centre, with no email address or live chat listed. Anyone who needs a written trail has to work around that gap.

Can I borrow from BAM as well as use the card?+

BAM lends directly as well, with personal loans from from GTQ 5,000 and administrative fees of 1.60% to 4.60% administrative fees (gastos administrativos). Free early repayment is not offered, so the loan is set up to run for its term rather than be cleared early.

Does BAM offer a savings account too?+

Savings goals run at a headline rate of 4% on a variable basis, with a minimum deposit of GTQ 1,000 and terms of 3 to 24. A goal can be cancelled at any time with no penalty, so the term suits saving for a planned purchase.

Who is behind BAM?+

BAM is Banco Agromercantil de Guatemala, S.A., based in Guatemala and trading since 1926. The card, the personal loans and the savings goals all come from that same bank rather than a broker or a marketplace.

Sources

Compiled from 11 source pages, checked September 26, 2026. We did not open an account.

BAM

A rewards credit card for Guatemalan spenders who pay in full each period.

9.0/10See alternatives