SuperMoney

BankAmericard Secured Credit Card

in Personal Credit Cards

Unaffiliated Visit Site

BankAmericard Secured Credit Card

Unaffiliated

in Personal Credit Cards

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend BankAmericard Secured Credit Card to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

Who is this credit card designed for?

BankAmericard Secured Credit Card is a secured credit card issued by Bank of America, which is based in Charlotte, NC.  Secured cards are a type of credit card that is backed by a secured payment, which is used as collateral. These cards are often used by borrowers with poor credit or little credit history to help build their credit.

BankAmericard Secured Credit Card is designed for people with a credit score of 300 to 850.

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

What are the relevant APRs?

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%.

Is an introductory APR offer available?

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.

What are the fees?

The following fees apply to BankAmericard Secured Credit Card:

  • An annual fee of $39. Make sure the rewards and benefits of this card justify the cost of the annual fee.
  • A late payment penalty of $38.
  • A returned payment fee of $27.
  • A foreign transaction fee of 3%. Transactions in a foreign currency get hit with a 3% fee. For example, if you buy a $1,000 flight in euros, you will pay a foreign transaction fee of $30.

Is a rewards program offered?

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

Is a signup bonus offered?

BankAmericard Secured Credit Card doesn't offer a cash signup bonus.

Is an annual loyalty bonus offered?

BankAmericard Secured Credit Card doesn't offer a cash loyalty bonus.

What additional benefits are offered?

 BankAmericard Secured Credit Card provides the following benefits:

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

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.

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

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

Grace Period for Late Payment (Days)
25
Late Payment Penalty
$38
Returned Payment Fee
$27
Minimum Interest Charge
$1.50
Annual Fee
$39
Foreign Currency Transaction Fee
3%
Minimum Age
18
Co-signing Allowed
Credit Score Range
300 - 850
850 300
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%
8% 27%
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%
Transfer Fee
up to 3%
Transfer Fee %
3%
Transfer Fee Minimum
$10

Be the first to rate

Would you recommend BankAmericard Secured Credit Card to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Personal Credit Cards

Bank of America Personal Credit Cards

Product

Reviews

Purchase APR

Balance Transfer APR

Annual Fee

Credit Score Range

BankAmericard Cash Rewards Credit Card

BankAmericard Cash Rewards Credit Card

 
1
1
2 total votes
Purchase APR
(Variable APR)
14.49% - 24.49% 0% 29% Variable APR
Balance Transfer APR
(Variable APR)
14.49% - 24.49% 8% 29% Variable APR
Annual Fee $0 Annual Fee
Credit Score Range 640 - 850 300 850
BankAmericard Travel Rewards Credit Card

BankAmericard Travel Rewards Credit Card

 
5
 
5 total votes
Purchase APR
(Variable APR)
16.49% - 24.49% 0% 29% Variable APR
Balance Transfer APR
(Variable APR)
16.49% - 24.49% 8% 29% Variable APR
Annual Fee $0 Annual Fee
Credit Score Range 700 - 850 300 850
BankAmericard Credit Card

BankAmericard Credit Card

 
 
2
2 total votes
Purchase APR
(Variable APR)
14.49% - 24.49% 0% 29% Variable APR
Balance Transfer APR
(Variable APR)
14.49% - 24.49% 8% 29% Variable APR
Annual Fee $0 Annual Fee
Credit Score Range 700 - 850 300 850
Alaska Airlines Visa Signature® Card
Purchase APR
(Variable APR)
16.74% - 24.74% 0% 29% Variable APR
Balance Transfer APR
(Variable APR)
16.74% - 24.74% 8% 29% Variable APR
Annual Fee $75 Annual Fee
Credit Score Range 640 - 850 300 850