Am I eligible?
To get this card, you must also:
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.
What the Critics Are Saying...
- Kelly-Ann Franklin, ForbesThe Bank of America® Customized Cash Rewards Secured Credit Card* offers high cash-back rates in useful categories and allows the cardholder to graduate to an unsecured card after review by Bank of America. For those with the tolerance to track their spending on the card and select the most profitab...
- Brett Holzhauer, MoneyGeekA secured credit card comes in handy when you want to build or rebuild your credit score. With the Bank of America Customized Cash Rewards Secured credit card, you can increase your credit score while earning cash back on various purchases. To open an account, you need a minimum security deposit of...
- Lyle Daly, The AscentLets you build credit and earn lots of cash back rewards along the way. There's no annual fee for this card, which also offers free credit score monitoring so you can watch your credit improve.
- Holly D. Johnson, Itzel Garcia Ruiz, Nou, BankrateMeaning you have to put down cash in order to secure your line of credit. However, the security deposit requirement means almost anyone can get approved for this card, even individuals with bad credit who can’t get approved for unsecured credit cards.
- Kliment Dukovski, FinderIt is designed to help you build credit and earn cash back at the same time. This is interesting because not many secured cards let you earn any rewards at all.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
28.24% (Variable) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
28.24% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
30.24% (Variable) This APR will vary with the market based on the Prime Rate. |
| Rates & Fees | |
| Annual Fee | $0.00 |
| Balance Transfer Fee |
3% |
| Cash Advance Fee | 3% |
| 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 |
|
| 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, Google Pay |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $200 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
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