BankAmericard Secured Credit Card
in Personal Credit Cards from Bank of America
Cast your vote
Would you recommend BankAmericard Secured Credit Card to your friends?
| Community Rating |
Rating not yet determined |
| Purchase APR (Variable APR) | 22.99% |
| Balance Transfer APR (Variable APR) | 22.99% |
| Credit Score Range | 300 - 550 |
| Annual Fee | $0 |
BankAmericard Secured Credit Card Review
This is a secured credit card credit card issued by Bank of America. If you're wondering whether BankAmericard Secured Credit Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.
Key Takeaways
- High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 22.99%
- No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
- 3% Balance transfer fee. BankAmericard Secured Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
- Accepts cosigners. Bank of America is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
- Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
- Multiple credit card benefits. Includes generous credit card perks, such as emergency support, extended warranty protection on purchases, identity theft protection, price protection, travel accident insurance, travel assistance, and fraud protection.
- Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have good approval odds.
Pros & Cons of BankAmericard Secured Credit Card
| The Good | The Bad |
|---|---|
|
|
BankAmericard Secured Credit Card FAQ
Does BankAmericard Secured Credit Card have a cash back or rewards program?
No, it does not offer a rewards program.
What are the BankAmericard Secured Credit Card benefits?
It provides the following benefits:
- Free Credit Score
- Emergency Support
- Extended Warranty Protection
- Zero fraud liability
- Price Protection
- Travel Accident Insurance
- Travel Assistance
- Reports to major credit bureaus
What are the relevant APRs for BankAmericard Secured Credit Card?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.It has a variable purchase APR of 22.99%. The card has a variable balance transfer APR of 22.99% . It also has a variable cash advance APR of 25.99% .
Does BankAmericard Secured Credit Card have an intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers.Does BankAmericard Secured Credit Card have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for BankAmericard Secured Credit Card?
The following fees apply:
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% |
| Returned Payment Fee | up to $29 |
| Late Payment Fee | up to $40 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.
Does BankAmericard Secured Credit Card have a foreign transaction fee?
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 foreign transaction fees.How do people rate the customer service and user experience of BankAmericard Secured Credit Card?
Overall, BankAmericard Secured Credit Card is strongly not recommended based on community reviews that rate customer service and user experience.
Does BankAmericard Secured Credit Card report your account activity to credit bureaus?
Yes, 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 may help improve your credit.
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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
View BankAmericard Secured Credit Card's published terms & conditions.
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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Contact
- Headquarters
-
100 North Tryon Street
Charlotte, NC 28255 - Visit Site
Other Services by Bank of America
View all personal credit cards offered by Bank of America
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
| No Annual Fee | |
| Annual Fee | $0 |
| No Interest Grace Period for Late Payment | 25 days |
| Cash Advance Fee Minimum | $10 |
| Cash Advance Fee (%) | Up to 5% |
| Minimum Cash Advance Fee ($) | Starting at $10 |
| Foreign Currency Transaction Fee | 3% |
| Minimum Interest Charge | $1.50 |
| Returned Payment Fee | Up to $29 |
| Late Fee Amount | Up to $40 |
BankAmericard Secured Credit Card Community Reviews
Would you recommend BankAmericard Secured Credit Card to your friends?
sorted by
Other Personal Credit Cards
Bank of America Personal Credit Cards
Loading...
Browse Personal Credit Cards
- BMO Harris Bank Cash Back Mastercard®
- BrightStar Credit Union Visa Platinum Cash Rewards Credit Card
- Burt Brothers Tire and Service Credit Card
- Celtic Bank Deserve® Classic Card
- Credit Union of Southern California Topaz Visa
- Educational Community Credit Union Platinum Visa
- Equitable Federal Secured MasterCard Credit Card
- Florida Credit Union Platinum Rate Credit Card
- Greater Springfield Credit Union Visa Classic
- Los Angeles Police Federal Credit Union My First Visa
- Members First Credit Union Utah VISA Platinum Rate Cards
- OnPoint Community Credit Union Platinum Visa Credit Card
