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...
- Emma Woodward, CnetThe 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...
- Brett Holzhauer, MoneyGeekThe 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...
- Kat Tretina, Matthew Klammer, InvestopediaWhile the BankAmericard Secured credit card from Bank of America has no annual fee, and it may return your security deposit to you after a period of time, it offers few other benefits. It has a high APR on purchases, charges foreign transaction fees, and requires a larger security deposit than many...
- Christy Rakoczy, LendEDUIf you want a simple secured credit card with no fees to help you build credit, the BankAmericard Secured Credit Card is an OK choice — but it’s not a great one. Consider the Discover it Secured rewards card or another secured card to earn cash back as you build credit.
- Robin Saks Frankel, ForbesIs your credit score puny? The BankAmericard® Secured Credit Card could be a strong choice for pumping up or rebuilding your credit. It doesn’t charge an annual fee or account opening charge, so it’s a good choice as long as you can swing the $300 minimum opening deposit. But once you get your score...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
25.99% (Variable) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
25.99% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
28.99% ‐ 29.49% (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 |
|
| 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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