80,000 Points
Worth $1,200
After you spend $4,000 on purchases on your new card in your first 3 months of card membership.
- 4.5%Alaska Air
- 4.5%Dining
- 4.5%Hawaiian Air
Annual Fee
$395
Rec. Credit
Good
Bank of America
Bank of America® Customized Cash Rewards Secured
Built for individuals looking to establish or rebuild their credit history, the Bank of America® Customized Cash Rewards Secured Credit Card offers a straightforward path to better credit without an annual fee. It serves as a practical stepping stone toward unsecuring your credit line over time with responsible use.
Annual Fee
$0
Rec. Credit Score
Rebuilding
Good For
Rebuilding credit without annual fees
All information about Bank of America® Customized Cash Rewards Secured has been collected independently by MaxRewards. Bank of America® Customized Cash Rewards Secured is no longer available through MaxRewards.
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Overview
Is the Bank of America® Customized Cash Rewards Secured worth it?
This card is great for...
Credit profile rebuilding
Zero annual fee security
Upgrading to an unsecured card
For anyone focused on building or repairing credit without paying annual fees, this secured card is a solid option. Because it requires a refundable security deposit that sets your credit limit, it gives you clear boundaries while Bank of America periodically reviews your account to see if you qualify to transition to an unsecured card. While it lacks the perks of premium products, that is expected for a secured card. The primary value lies in establishing positive payment history with a major issuer without taking on a recurring annual cost.
MaxRewards Verdict
This card is a dependable tool for rebuilding credit with no annual fee, though you will need upfront capital for the security deposit.
Eligibility
Recommended Minimum Credit
Min: Poor
Poor
Fair
Good
Excellent
Poor credit or higher is recommended for this card.
Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.
Pricing
Rates & Fees
Annual Fee
$0
Purchase APR
27.49%
Variable
Transfer APR
27.49%
Variable
Cash Advance APR
1.00%
Variable
Foreign Transaction Fee
$0.03
Balance Transfer
$0.05
Cash Advance
$5
Late Payment
$41
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Recognition
Featured in
Other cards from Bank of America
See all 42 cards
80,000 Points
Worth $1,200
After you spend $5,000 on purchases on your new card in your first 3 months of card membership.
- 4.5%Alaska Air
- 4.5%Hawaiian Air
- 3%EV Charging
Annual Fee
$95
Rec. Credit
Excellent
70,000 Points
Worth $1,050
After you spend $2,500 on purchases on your new card in your first 3 months of card membership.
- 4.5%Alaska Air
- 4.5%Hawaiian Air
- 3%EV Charging
Annual Fee
$95
Rec. Credit
Good