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

3.8/5.0

Welcome Offer

None

Annual Fee

$0

0% Intro on Purchases

None

Reward Rate

1% – 3% cash back

0% Intro on Balance Transfers

None

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

Editorial Review

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

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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