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
Bank of America
BankAmericard® Secured
The BankAmericard® Secured credit card is designed specifically for individuals looking to build or rebuild their credit history without paying an annual fee. Because it requires a refundable security deposit to establish your credit line, it serves as a straightforward tool for establishing responsible payment habits.
Annual Fee
$0
Rec. Credit Score
Rebuilding
Good For
Rebuilding credit
All information about BankAmericard® Secured has been collected independently by MaxRewards. BankAmericard® 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 BankAmericard® Secured worth it?
This card is great for...
Credit building with no annual fee
Pathways to an unsecured card
For anyone working to restore or establish their credit score, the BankAmericard® Secured card offers a reliable pathway without charging an annual fee. Your security deposit determines your credit line, giving you control over your limit while Bank of America reports your payment activity to all three major credit bureaus. Bank of America also conducts periodic reviews to determine if you qualify to transition to an unsecured card and get your deposit back. Because this card does not earn rewards or cash back, its value comes entirely from its credit-building functionality. If earning rewards while rebuilding credit is a priority, other secured cards offer cash back on everyday purchases, but this card remains a straightforward, low-cost choice if you want a no-fee secured card from a major bank.
MaxRewards Verdict
An effective tool for building credit with no annual fee, though cardholders looking to earn cash back while rebuilding will need to look elsewhere.
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
25.99%
Variable
Transfer APR
25.99%
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.
Other cards from Bank of America
See all 42 cards
70,000 Points
Worth $1,050
After you spend $3,000 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
95,000 Points
Worth $950
After you spend $1,000 on purchases on your new card in your first 3 months of card membership.
- 3%Sonesta
- 2%Airline
- 2%Dining
Annual Fee
$75
Rec. Credit
Good