Credit Cards
BankAmericard® Secured Credit Card review: build credit fast
How to boost your score quickly while paying $0 annual fee? Find out here in our complete BankAmericard® Secured Credit Card review.
Advertisement
Minimum security deposit of $200
If you’re looking for a way to build or rebuild your credit score, you may want to consider a BankAmericard® Secured Credit Card review.
Apply for BankAmericard® Secured Credit Card
Discover how to apply for the BankAmericard® Secured Credit Card – start with a security deposit of $200 and build credit fast! Read on!
This card offers a refundable security deposit that sets your credit limit and easy access to your FICO score. Keep reading to find out its benefits, drawbacks, and features.
- Credit Score: Bad credit;
- Annual Fee: $0;
- Purchase APR: 26.24% variable APR;
- Cash Advance APR: 29.24%;
- Welcome Bonus: N/A;
- Rewards: N/A.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
Advertisement
BankAmericard® Secured Credit Card: how does it work?
As the name suggests, the BankAmericard® Secured Credit Card is a secured card to build or rebuild credit.
The security deposit can range from $200 to $5,000, establishing your credit limit. So, it’s up to you how much you’ll invest.
This deposit is used as collateral and can be refunded after Bank of America reviews your account and creditworthiness. It can happen at any time.
FICO® Score
Using the app, you can access your FICO® Score monthly for free.
So, you can check out your credit score, things that affect it, and other important details.
Advertisement
Credit Education
You can access some credit usage education topics, how to use your credit card responsibly, ways to budget, and more.
BankAmericard® Secured Credit Card: should you get one?
The BankAmericard® Secured Credit Card is an option for current Bank of America customers that want to boost or build their scores from scratch.
Here are a few pros and cons to consider when examining this card.
Advertisement
Pros
- Easy to qualify;
- Refundable security deposit;
- Free Access to FICO® score monthly;
- No annual fee;
- Credit limit based on secured deposit amount.
Cons
- No rewards;
- No welcome bonus;
- High late payment fee.
Credit score required
Applicants with poor credit are eligible to apply for the BankAmericard® Secured Credit Card, as there is no minimum credit score requirement.
BankAmericard® Secured Credit Card application: how to do it?
Do you want to apply for the BankAmericard® Secured Credit Card? Keep reading to understand how to do it.
Apply for BankAmericard® Secured Credit Card
Discover how to apply for the BankAmericard® Secured Credit Card – start with a security deposit of $200 and build credit fast! Read on!
Trending Topics
100 Lenders personal loan review: how does it work and is it good?
Do you need a personal loan for an emergency or to pay off debt? If so, read our 100 Lenders personal loan review and learn more about it!
Keep Reading
Navy Federal nRewards® Secured Card Review: Boost Your Credit
See the Navy Federal nRewards® Secured to build credit and earn rewards in our review. Here is all you need to know. Don't miss out!
Keep Reading
Discover it® Balance Transfer Credit Card review: 0% intro APR
This Discover it® Balance Transfer Credit Card review will cover this product's perks! Pay no annual fee and earn up to 5% cashback.
Keep ReadingYou may also like
Hassle-free process: Apply for Avant Credit Card
Building better credit has never been easier. Apply for an Avant Credit Card online with a soft pull and enjoy the benefits immediately!
Keep Reading
First Digital Mastercard® review: is it worth it?
Looking for a card to help repair your damaged score? Look no further than the First Digital Mastercard®: read the review to learn more!
Keep Reading
Bank of America Mortgage review: how does it work and is it good?
This comprehensive Bank of America Mortgage review delves into the details, including loan types and fees. Enjoy flexible rates and terms!
Keep Reading