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BankAmericard® Secured Credit Card review

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Advertiser Disclosure

Annual Fee
Minimum Deposit
Interest Rate: Purchases
25.99% (Variable)
Balance Transfer
25.99% (Variable)

Informr score
The BankAmericard® Secured Credit Card currently has an Informr score of 6.3 out of 10. This score is based on our evaluation of 15 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...


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

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

While 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...

- Kat Tretina, Matthew Klammer, Investopedia

If 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.

- Christy Rakoczy, LendEDU

Is 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...

- Robin Saks Frankel, Forbes


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


Sign up bonus No
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
Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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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