Bank of America® Customized Cash Rewards Secured Credit Card

The Bank of America® Customized Cash Rewards Secured Credit Card is a secured card designed for those with either limited credit history or poor credit. You will need to put down a deposit of at least $200 to qualify, and your deposit equals your credit limit. You earn cash back rewards, though: up to 3%, which is unusual in a secured card, although rewards are limited by a cap. There are not a lot of benefits, and no welcome bonus, but this is a decent card if you’re rebuilding your credit. We dive into the details in this Customized Cash Secured review.

Our Rating

4.8/5.0

Welcome Offer

N/a

Annual Fee

$0

0% on Purchases

N/a

Reward Rate

1% – 3% cash back

0% on Balance Transfers

N/a

>>Check Out This and Other Travel Rewards Credit Cards Here

>>Check Out This and Other Cash Back Credit Cards Here

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsFree credit score access, 24/7 customer service
Travel Perks

Rewards

1% cash back
On all other eligible purchases
Unlimited 1% cash back on all other purchases
2% cash back
U.S. supermarkets
Earn 2% at grocery stores and wholesale clubs
3% cash back
Select Categories
3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee3% of the U.S. dollar amount of each transaction made in a foreign currency. This fee will be in addition to any other applicable fee.
Regular APR28.24% (V) APR

What Credit Score Is Required to Get the Bank of America® Customized Cash Rewards Secured Credit Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved12/01/2020
580
TransUnion
$400
Denied01/01/2022
637
Experian
$500

Pros & Cons

Pros
  • No annual fee
  • Reports to all three credit bureaus
  • Up to 3% cash back
Cons
  • No welcome bonus
  • No rewards
  • High APR

What Are the Best Alternatives?

Chase Freedom Unlimited®
Chase Freedom Unlimited®

Rating

4.9

Rewards Range

1.5% - 5%

Annual Fee

$0

Wells Fargo Active Cash® Card
Wells Fargo Active Cash® Card

Rating

4.9

Rewards Range

2%

Annual Fee

$0

Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express

Rating

4.5

Rewards Range

1%-6%

Annual Fee

$0 intro annual fee for the first year, then $95.

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