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

Welcome Offer

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

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?

Capital One Platinum Secured Credit Card
Capital One Platinum Secured Credit Card

Rating

4.5

Rewards Range

N/A

Annual Fee

$0

OpenSky® Secured Visa® Credit Card
OpenSky® Secured Visa® Credit Card

Rating

3.0

Rewards Range

N/A

Annual Fee

$35

Petal® 2 "Cash Back, No Fees" Visa® Credit Card
Petal® 2 "Cash Back, No Fees" Visa® Credit Card

Rating

4.6

Rewards Range

1% - 10%

Annual Fee

$0

Related Stories