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  BankAmericard Secured Credit Card

BankAmericard Secured Credit Card

in Personal Credit Cards from Bank of America

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BankAmericard Secured Credit Card

Unaffiliated

in Personal Credit Cards from Bank of America

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Highlights
Highlights
Annual Fee $39
Purchase APR  (Variable APR) Starting at 21.74%
Balance Transfer APR  (Variable APR) Starting at 21.74%
Credit Score Range 300 - 850

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.

Good for building credit. This card is designed to help you build your credit. So you may qualify even if you have limited or poor credit. The minimum credit score to apply is 300.

Accepts cosigners. 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.

Credit limit. This card has a credit limit of up to $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 starting at 21.74% . The card has a variable balance transfer APR starting at 21.74% .

It also has a variable cash advance APR that ranges from 21.74% up to 26.49%.

Does BankAmericard Secured Credit Card have an introductory APR offer?

No, BankAmericard Secured Credit Card does not come with an introductory APR offer for balance transfers.

BankAmericard Secured Credit Card does not offer an introductory rate on new purchases.

BankAmericard Secured Credit Card Rates & Terms
Purchase APR Starting at 21.74%
Balance Transfer APR Starting at 21.74%
Cash Advance APR 21.74% - 26.49%

What are the BankAmericard Secured Credit Card fees?

$39 Annual Fee. BankAmericard Secured Credit Card charges an annual fee of $39.

3% Foreign transaction fees. BankAmericard Secured Credit Card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

The following fees apply to BankAmericard Secured Credit Card:

BankAmericard Secured Credit Card Fees
Fees Amount
Annual Fee $39
Foreign Transaction Fee 3%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $10
Returned Payment Fee $27
Late Payment Fee $38

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 and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for BankAmericard Secured Credit Card

  • Visit the Bank of America website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • 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.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 25
Returned Payment Fee $27
Minimum Interest Charge $1.50
Annual Fee $39
Late Fee Amount $38
Balance Transfer Fee % 3%
Balance Transfer Fee Minimum $10
Foreign Currency Transaction Fee 3%
Minimum Age 18
Co-signing Allowed  
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Bank Account Required  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type Personal
Extended Warranty  
Fraud Liability  
Travel Insurance  
Emergency Support  
Credit Card Benefits
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Price Protection
  • Travel Assistance
Purchase APR (Variable APR) Starting at 21.74%
Cash Advance APR (Variable APR) 21.74% - 26.49%
Balance Computation Average daily balance (including new purchases)
Credit Limit $300 to $4,900 (the credit limit matches the initial deposit amount)
Balance Transfer APR (Variable APR) Starting at 21.74%

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