Bank of America® Customized Cash Rewards Secured Credit Card
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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 Cash Back Credit Cards Here
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Free credit score access, 24/7 customer service |
| Travel Perks |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% 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 APR | 28.24% (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 numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 580
Average Approved Credit Score: 580
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 12/01/2020 | TransUnion | ||
| Denied | 01/01/2022 | Experian |
Pros & Cons
- No annual fee
- Reports to all three credit bureaus
- Up to 3% cash back
- No welcome bonus
- No rewards
- High APR
What Are the Best Alternatives?
Chase Freedom Unlimited®
Rating
4.9
Rewards Range
1.5% - 5%
Annual Fee
$0
Wells Fargo Active Cash® Card
Rating
4.9
Rewards Range
2%
Annual Fee
$0
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.