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Bank of America® Unlimited Cash Rewards Secured Credit Card review

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Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
28.24% (Variable)
Interest Rate: Purchases
28.24% (Variable)
Balance Transfer
28.24% (Variable)
Balance Transfer
28.24% (Variable)
Rewards
1.5% cashback
Rewards
1.5% cashback
Signup Bonus
-
Signup Bonus
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8.3/10
Informr score
The Bank of America® Unlimited Cash Rewards Secured Credit Card currently has an Informr score of 8.3 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Bank of America® Unlimited Cash Rewards Secured Credit Card 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 $200.

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...


Money Crashers
Money Crashers

For 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...

- Jason Steele, Money Crashers
BestCards
BestCards

Offers 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...

- BestCards
Forbes
Forbes

With 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...

- Chauncey Crail, Dia Adams, Forbes
Bankrate
Bankrate

The 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 D. Johnson, Bankrate
NextAdvisor
NextAdvisor

Bank 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...

- Holly Johnson, NextAdvisor

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%
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
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Additional comments -
Terms & Conditions Official Terms & Conditions
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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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