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:
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.
100 N Tryon St.
Mailcode NC 1-007-18-01
Charlotte, NC 28255 USA
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Other Services by Bank of America
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Grace Period for Late Payment (Days)||25|
|Late Payment Penalty||$38|
|Returned Payment Fee||$27|
|Minimum Interest Charge||$1.50|
|Balance Transfer Fee %||3%|
|Balance Transfer Fee Minimum||$10|
|Foreign Currency Transaction Fee||3%|
|Credit Score Range||
300 - 850
|Immigration Status Considered||
|Bank Account Required?|
|Employment Statuses Considered||
|Supported Income Types||
|Credit Card Benefits||
|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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