Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.

BankAmericard® Secured Credit Card review

Compare Compare  
Advertiser Disclosure

Annual Fee
$0.00
Minimum Deposit
$200.00
Interest Rate: Purchases
26.24% (Variable)
Balance Transfer
26.24% (Variable)


6.5/10
Informr score
The BankAmericard® Secured Credit Card currently has an Informr score of 6.5 out of 10. This score is based on our evaluation of 18 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 $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

Too many college students who use credit cards are tempted to overspend and incur debt. The BankAmericard Credit Card for Students won’t solve that problem, but it’s a simple card that could help students to learn to use credit responsibly. So long as the generous interest free financing offer doesn...

- Jason Steele, Money Crashers
The Ascent
The Ascent

This card offers a low minimum deposit and a high maximum to go along with free access to your FICO® score and the ability to graduate to an unsecured card -- the only thing missing is a modest rewards program.

- Lyle Daly, The Ascent
Cnet
Cnet

A secured credit card with no annual fee and few frills. As a secured credit card, it can help establish or rebuild credit with responsible use, in exchange for a security deposit. If you’re looking for a straightforward credit card to build your credit, this card could be a solid fit -- but don’t e...

- Emma Woodward, Cnet
Cnet
Cnet

The BankAmericard® Secured Credit Card* is a secured credit card with no annual fee and few frills. As a secured credit card, it can help establish or rebuild credit, with responsible use, in exchange for a security deposit. If you're looking for a straightforward credit card to build your credit, t...

- Emma Woodward, Cnet
MoneyGeek
MoneyGeek

The no annual fee BankAmericard® credit card Secured Card is best suited for people in the early stages of building or rebuilding their credit. Bank of America reports your payment history to all three major credit bureaus, allowing you to improve your creditworthiness as long as you follow good spe...

- Brett Holzhauer, MoneyGeek

Details


Interest Rates
Regular APR Interest Rate 26.24% (Variable)

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

Balance Transfer Interest Rate 26.24% (Variable)

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

Cash Advance Interest Rate 29.24% ‐ 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 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, Google Pay
Virtual Cards No
Additional Benefits
  • Online Shopping Security
  • Overdraft Protection
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.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

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

Use this card?

Help inform others by sharing your experience with BankAmericard® Secured Credit Card

Rate It: