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Is Bank Of America’s “Zero Balance” offer a scam? This is an unsecured loan of up to $50k and NOT a credit card, but it does have a “non-variable” rate which they reserve the right to change at their whim. I was thinking of using this to pay off higher interest rate credit cards.

To be honest, I do not know enough about what they are offering to comment on it. I suggest you read all the fine print that comes with the offer and speak to a person at the bank and ask all your questions. If you live near a Bank of America branch, you may even want to stop in and discuss it with someone there face to face.

Be sure you understand every detail of how the offer works to see if it is a good solution for you. Sorry I cannot be of better assistance.