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.
- Jason Steele, Money CrashersFor people with bad credit, this card seems to offer the best of both worlds. It has competitive rewards and low fees, but it’s still available to those with bad credit. If there’s a catch, it’s that you’ll have to submit a refundable security deposit. But if you use this card responsibly, you’ll qu...
- BestCardsOffers an unlimited 1.5% back on all purchases, which is a very nice feature for those that want accelerated rewards but don’t want to be tied down to confusing bonus categories, like with the Customized Cash Secured Card. The lack of an annual fee is another feather in the card’s cap since many sec...
- Chauncey Crail, Dia Adams, ForbesWith a solid 1.5% unlimited cash back on all purchases and no annual fee, the Bank of America® Unlimited Cash Rewards Secured Credit Card* offers an efficient and simple way to earn rewards while building credit. Though light on additional benefits, the card holds its own against other leading secur...
- Holly D. Johnson, BankrateThe Bank of America Unlimited Cash Rewards Secured offers a superior rewards rate when compared to other secured credit cards. Plus, the minimum security deposit starts at just $300, and there’s no annual fee required. Our take? This secured credit card offers better rewards and value than most comp...
- Holly Johnson, NextAdvisorBank of America Unlimited Cash Rewards Secured Card is a secured credit card, which requires a cash deposit as collateral. After your initial deposit, there’s no annual fee. You can use this card to build credit, since Bank of America reports your balances and payments to the three credit bureaus, a...
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% |
Over Limit Fee | $0.00 |
Late Payment Fee |
$40.00 Maximum |
Promotions | |
Sign up bonus | No |
Rewards | |
All Purchases | 1.5% cash back |
Restaurants | No |
Gas | No |
Groceries | No |
Hotels | No |
Travel | No |
Pharmacy | No |
Bills | No |
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 |
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 |
Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.
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.
The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.
Help inform others by sharing your experience with Bank of America® Unlimited Cash Rewards Secured Credit Card