BankAmericard® Secured Credit Card
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The BankAmericard® Secured Credit Card is a secured card designed for those who want to rebuild or establish credit. Like most secured credit cards, it requires a minimum security deposit of $200 (maximum of $5,000), and this will be your credit limit. There is a possibility of having your deposit returned to you depending on your credit score, income, and history with Bank of America.
It offers free FICO score access and works with Apple Pay, Samsung Pay and Google Pay and it reports to all three credit bureaus. We dive into the details in this BankAmericard® Secured review.
Our Rating
4.5/5.0
Welcome Offer
None
Annual Fee
$0
0% Intro on Purchases
Reward Rate
N/A
0% Intro on Balance Transfers
Welcome Offer
None
Editorial Review
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% |
| Regular APR | 22.99% (V) APR |
What Credit Score Is Required to Get the BankAmericard® 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: 571
Average Approved Credit Score: 571
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 05/28/2020 | Equifax |
Pros & Cons
- Refundable security deposit
- $0 annual fee
- Reports to all 3 credit bureaus
- Free credit score access (updated monthly)
- High APR
- Foreign transaction fee
- No signup bonus or rewards
What Are the Best Alternatives?
Capital One Quicksilver Secured Cash Rewards Credit Card
Rating
3.8
Rewards Range
1.5%
Annual Fee
$0
Capital One Platinum Secured Credit Card
Rating
3.5
Rewards Range
N/A
Annual Fee
$0
Discover It® Secured Credit Card
Rating
4.0
Rewards Range
1% - 2% cash back
Annual Fee
$0