Bank of America® Cash Rewards Secured review

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Advertiser Disclosure

Annual Fee
$0.00
Minimum Deposit
$300.00
Interest Rate: Purchases
23.99% (Variable)
Balance Transfer
23.99% (Variable)


Am I eligible?


Bank of America® Cash Rewards Secured is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $300.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

Details


Interest Rates
Regular APR Interest Rate 23.99% (Variable)

 This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 23.99% (Variable)

 This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 26.99% (Variable)

 This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%

Minimum of $10

Cash Advance Fee 3%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases 1% cash back
Restaurants No
Gas No
Groceries 2% cash back

On purchases spent on grocery stores and wholesale clubs

Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

  • Choose your 3% category (On up to $2,500 of quarterly spending)
  • - Gas

    - Online Shopping

    - Dining

    - Travel

    - Drug stores

    - Home improvement/furnishings



  • Preferred Rewards clients get a 25% - 75% rewards bonus on every purchase.
  • You’ll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%
  • Features & Benefits
    Additional Card Holders Yes
    Travel Accident Insurance No
    Car Rental Insurance No
    Car Rental Discount No
    Extended Warranty No
    Purchase Protection No
    Zero Liability Yes
    No Foreign Transaction Fees No
    Emergency Assistance No
    Concierge Service No
    Price Protection No
    Fraud Protection Yes
    Free Credit Scores Yes
    Wireless Payments Apple Pay, Samsung Pay, Android Pay
    Virtual Cards No
    Additional Benefits
  • Overdraft Protection
  • Chip Cards
  • Account Alerts
  • Access to monthly free update of FICO® Score
  • Eligibility
    Minimum Security Deposit $300
    Minimum Age 18
    Minimum Personal Income
    Temporary Residents No
    More
    Additional comments
    Terms & Conditions Official Terms & Conditions
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