BankAmericard Secured Credit Card Review

BankAmericard Secured Credit Card is a secured credit card credit card issued by Bank of America. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

This card is designed for people who have bad credit. The minimum credit score to apply is 300. Bank of America is one of the few credit card issuers that allows applicants to include a cosigner, which improves the approval chances of people with not-so-great credit.

This card has a minimum credit limit of $300 to $4,900 (the credit limit matches the initial deposit amount).

If you're wondering whether BankAmericard Secured Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a BankAmericard Secured Credit Card cash back or rewards program?

No, BankAmericard Secured Credit Card does not offer a rewards program.

BankAmericard Secured Credit Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the BankAmericard Secured Credit Card benefits?

BankAmericard Secured Credit Card provides the following benefits:

• Free Credit Score
• Emergency Support
• Extended Warranty Protection
• Fraud Liability
• Price Protection
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for BankAmericard Secured Credit Card?

BankAmericard Secured Credit Card has a variable purchase APR of 24.99%. The card has a variable balance transfer APR of 24.99% .

It also has a variable cash advance APR of 26.99% .

BankAmericard Secured Credit Card Balance Transfers

Description
Balance Transfer APR	24.99%
Introductory Rate	N/A
Intro APR period (months)	N/A

BankAmericard Secured Credit Card Rates & Terms

Description
Balance Computation	Average daily balance (including new purchases)
Purchase APR	24.99%
Credit Limit	$300 to $4,900 (the credit limit matches the initial deposit amount)
Penalty APR	N/A
Cash Advance APR	26.99%
Security Deposit	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the BankAmericard Secured Credit Card fees?

The following fees apply to BankAmericard Secured Credit Card:

BankAmericard Secured Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$10
Returned Payment Fee	$28
Late Payment Fee	$39

Does BankAmericard Secured Credit Card report your account activity to credit bureaus?

BankAmericard Secured Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for BankAmericard Secured Credit Card

• Visit the BankAmericard Secured Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.