BankAmericard Secured Credit Card review

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Advertiser Disclosure

Annual Fee
$0.00
Minimum Deposit
$300.00
Interest Rate: Purchases
25.24
Balance Transfer
25.24


6.9/10
Informr score
The BankAmericard Secured Credit Card currently has an Informr score of 6.9 out of 10. This score is based on our evaluation of 7 sources including reviews from users and the web's most trusted critics.

Am I eligible?


BankAmericard 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 $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.

What the Critics Are Saying...


ValuePenguin

A fairly unimpressive offer. Even if you have a poor credit score, you can get significantly better value elsewhere.

- Robert Harrow, ValuePenguin
Bankrate

If you’re exploring secured cards, you likely either have poor credit or no credit history. And while the BankAmericard Secured Credit Card is an OK option, there are other secured cards that will give you a little more for your money.

- Robin Saks Frankel, Bankrate
Beverly Harzog

This card gives you a good opportunity to rebuild or establish your credit. So keep low balances and pay the bill in full by the due date.

- Team Beverly Harzog, Beverly Harzog
Wise Bread

The BankAmericard Secured Mastercard is best for those who are working on repairing or building a good credit score and can typically pay their balance in full each month.

- Christina Majaski, Wise Bread
MagnifyMoney

The fact that the BankAmericard Secured Credit Card doesn’t offer you cash back is actually a positive. It won’t reward you for spending more money, and that’s a very good thing from a psychological perspective — especially if you are recovering from past credit follies. If rewards would entice you...

- Brynne Conroy, MagnifyMoney

Details


Interest Rates
Regular APR Interest Rate 25.24%

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

Balance Transfer Interest Rate 25.24%

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

Cash Advance Interest Rate 27.24%

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 5%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $39.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases No
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, Android Pay
Additional Benefits
  • Online Shopping Security
  • Overdraft Protection
Eligibility
Minimum Security Deposit $300
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.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

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Critic Reviews


ValuePenguin

For people with subprime credit scores

from ValuePenguin

A fairly unimpressive offer. Even if you have a poor credit score, you can get significantly better value elsewhere.

Read full review

A fairly unimpressive offer. Even if you have a poor credit score, you can get significantly better value elsewhere.

Read full review

Less

Bankrate

This card is an average choice, you can do better

from Bankrate

If you’re exploring secured cards, you likely either have poor credit or no credit history. And while the BankAmericard Secured Credit Card is an OK option, there are other secured cards that will give you a little more for your money.

Read full review

If you’re exploring secured cards, you likely either have poor credit or no credit history. And while the BankAmericard Secured Credit Card is an OK option, there are other secured cards that will give you a little more for your money.

Read full review

Less

Beverly Harzog

One of the best balance transfer cards around

Beverly Harzog

This card gives you a good opportunity to rebuild or establish your credit. So keep low balances and pay the bill in full by the due date.

Read full review

This card gives you a good opportunity to rebuild or establish your credit. So keep low balances and pay the bill in full by the due date.

Read full review

Less

Wise Bread

Designed to help consumers who have no credit established

from Wise Bread

The BankAmericard Secured Mastercard is best for those who are working on repairing or building a good credit score and can typically pay their balance in full each month.

Read full review

The BankAmericard Secured Mastercard is best for those who are working on repairing or building a good credit score and can typically pay their balance in full each month.

Read full review

Less

MagnifyMoney

Don’t focus on rewards

from MagnifyMoney

The fact that the BankAmericard Secured Credit Card doesn’t offer you cash back is actually a positive. It won’t reward you for spending more money, and that’s a very good thing from a psychological perspective — especially if you are recovering from past credit follies. If rewards would...More

The fact that the BankAmericard Secured Credit Card doesn’t offer you cash back is actually a positive. It won’t reward you for spending more money, and that’s a very good thing from a psychological perspective — especially if you are recovering from past credit follies. If rewards would entice you to do otherwise, sticking with Bank of America could be a smart move.

Read full review

Less

Credit Sesame

Fairly straightforward

from Credit Sesame

If you need a basic credit card so you can work on improving your credit with responsible use, applying for the BankAmericard Secured credit card may be what you are looking for. The annual fee isn’t as high as what some of the other secured credit cards charge but you’ll want to make sure y...More

If you need a basic credit card so you can work on improving your credit with responsible use, applying for the BankAmericard Secured credit card may be what you are looking for. The annual fee isn’t as high as what some of the other secured credit cards charge but you’ll want to make sure you’re paying for purchases made on the card in full each month to avoid interest charges.

Read full review

Less

Doctor Of Credit

Graduates to an unsecured card

Doctor Of Credit

This card has one of if not the best rewards programs available for secured cards, you can earn 1-3% cash back on your purchases depending on what category they are in. The downside is that you need to add the rewards program to this card as it’s not set up by default.

Read full review

This card has one of if not the best rewards programs available for secured cards, you can earn 1-3% cash back on your purchases depending on what category they are in. The downside is that you need to add the rewards program to this card as it’s not set up by default.

Read full review

Less

User Reviews


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