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BAM review

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

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Our verdict

BAM pairs a free monthly account fee with a full credit card and travel perks, which is rare where most cards charge GTQ 700 to GTQ 1,200 a year. It suits Guatemala-based spenders who clear the balance each month and want lounge access, travel insurance and points at 1-2.5% + Mastercard perks.

Key facts

Best for
Guatemalan spenders who want a rewards credit card and travel perks without a monthly charge.
Monthly fee
GTQ 0 (Source, checked September 26, 2026)
Currency conversion fee
3% to 4% (Source, checked September 26, 2026)
Legal entity
Banco Agromercantil de Guatemala (Source, checked September 26, 2026)
Headquarters
Guatemala (Source, checked September 26, 2026)
Founded
2025 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Rewards
Official website
nequi.com.gt

Credit cards

Annual fee
GTQ 700 to GTQ 1,200 (Source, checked September 26, 2026)
APR
38% to 52% (Source, checked September 26, 2026)
Currency conversion fee
3% to 4% (Source, checked September 26, 2026)
Rewards type
Points (Source, checked September 26, 2026)
Rewards rate
1-2.5% + Mastercard perks (Source, checked September 26, 2026)
Perks
Cashback, Miles, Lounge access, Travel insurance, Extended warranty (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Banco Agromercantil de Guatemala (Source, checked September 26, 2026)
Headquarters
Guatemala (Source, checked September 26, 2026)
Founded
2025 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Rewards

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
Wikidatainstagram.com

Pros and cons

Pros

  • No monthly cost to hold the account, at GTQ 0 a month for everyday spending.
  • Points rewards at 1-2.5% + Mastercard perks, with cashback, lounge access, travel insurance and extended warranty.
  • Currency conversion at 3% to 4% on purchases made outside Guatemala, charged on one published range.
  • Support by phone and help centre, so help comes by phone or through the help centre.

Cons

  • Interest is expensive at 38% to 52%, above the site median of 20.97% on carried balances.
  • The card carries an annual fee of GTQ 700 to GTQ 1,200, so the free monthly account still costs something each year.
  • Support runs on phone and help centre only, with no live chat or email channel listed.

Ready to try BAM?

Scored 8.3 / 10 by DebitCue.

See alternatives

Who it suits

  • Guatemalan residents who want a rewards card without paying more than GTQ 0 a month to hold the account.
  • Spenders who value lounge access, travel insurance and an extended warranty on the card.
  • People who clear the balance every month and only travel on the card now and then.

Who should look elsewhere

  • Travellers who need a lower currency conversion fee than 3% to 4%, where Wise lists a monthly fee of £0.
  • Card holders who would rather build credit on a secured card such as Varo Believe Secured Credit Card than on a full credit line.
  • Balance carriers, because interest of 38% to 52% applies on top of the GTQ 700 to GTQ 1,200 annual fee.

Fees and FX

The account itself costs GTQ 0 a month, so nothing is lost to keeping it open. The card carries an annual fee of GTQ 700 to GTQ 1,200. Foreign purchases are charged 3% to 4% for conversion, above the site lower quartile of 0% and the median of 1%, so heavy overseas spending adds up. Balance interest is the line to watch at 38% to 52%.

The company behind it

The card is issued by Banco Agromercantil de Guatemala, based in Guatemala, and the operation reached Guatemala in 2025. It runs as a digital account rather than a branch network, with help through phone and help centre. Anyone who wants answers in writing should check what the help centre covers before the phone line.

How BAM compares

Where BAM is available

Available
Guatemala

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

Frequently asked questions

What does the BAM account cost each month?+

The account is listed at GTQ 0 a month, so holding it open costs nothing in itself. The charge sits on the card, at GTQ 700 to GTQ 1,200 a year, and the site median annual fee is €0. Compare both lines before applying for a card mainly for the perks.

What is the interest rate on a carried balance?+

Balances carry interest at 38% to 52%. That sits above the site median of 20.97% and the upper quartile of 25.64%, so revolving a balance is the expensive way to use this card. Paying the full statement each month keeps that rate out of the picture.

What rewards and perks come with the card?+

Rewards come as points at 1-2.5% + Mastercard perks. The card also bundles cashback, lounge access, travel insurance and an extended warranty, so the earn rate is only part of what it gives back. Lounge access and travel insurance carry the most weight for anyone booking trips on the card.

What does it cost to spend in another currency?+

Currency conversion costs 3% to 4% on purchases made outside Guatemala. The site median is 1% and the upper quartile reaches 2.5%, so frequent foreign spending is not where this card is strongest. A multi-currency account usually serves that spend better.

Who issues the card, and how long has it been here?+

The card comes from Banco Agromercantil de Guatemala, which is based in Guatemala. The operation reached Guatemala in 2025, so it is a recent arrival on the local market. Because the card is credit, spending is financed by the bank rather than drawn from a prepaid balance.

How do you reach support if something goes wrong?+

Support runs through phone and help centre, which lists a phone line and a help centre. A help centre is the most common route across the cards tracked, at 75.6%, and phone support follows close behind. Questions sent in writing have no listed channel here.

Is this a credit card or a debit card?+

It is a credit card, so spending draws on a borrowing line and interest of 38% to 52% applies to any balance carried over. That is the practical difference from a debit card, where money leaves a balance you already hold.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Card type, Protection.

Related by the facts

BAM

Guatemalan spenders who want a rewards credit card and travel perks without a monthly charge.

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