Home › Compare › Bank of America vs Upstart
Head-to-Head · April 2026

Bank of America vs Upstart

Side-by-side comparison of rates, terms, approval criteria, and use cases to help you choose between Bank of America and Upstart for your 2026 auto loan.

Side-by-Side Comparison

National Bank
EDITOR'S PICK
Bank of America
4.09% APR from
Score: 9.1/10

Best for: Existing BofA customers with Preferred Rewards

Pros

  • Preferred Rewards discount up to 0.5%
  • 150K mile limit (high)
  • Rate lock 30 days
  • Nationwide

Cons

  • Best rates require existing relationship
  • No private party
  • Vehicles must be 2012+
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Marketplace
Upstart
7.25% APR from
Score: 7.9/10

Best for: Thin-file borrowers with strong employment/education who may qualify better with AI underwriting

Pros

  • AI underwriting considers education/job
  • Good for thin-file borrowers
  • Soft pull pre-qualify

Cons

  • Not lowest rate
  • Primarily refinance
  • Less predictable than traditional underwriting
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Our Verdict

Bank of America wins on rate for borrowers with good-to-excellent credit. Upstart is better if you need thin-file borrowers with strong employment/education who may qualify better with ai underwriting.

Detailed Comparison Table

FeatureBank of AmericaUpstart
Starting APR4.09%7.25%
Editor Score9.1/107.9/10
Lender TypeNational BankMarketplace
Min Credit Score660Not published
Loan Terms48–72 moVaries
Best ForExisting BofA customers with Preferred Rewards...Thin-file borrowers with strong employment/education who may...
Affiliate Disclosure: We may earn a commission from both lenders when you apply. Comparison is editorial and based on published data verified April 2026. Rates depend on your credit, income, vehicle, and state. Our methodology →

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