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
Apply for Plain Green Loans: Your Swift Financial Solution
Discover the simplicity to apply for Plain Green Loans. Quick cash, no origination fees. Your financial solution, your way.
Keep Reading
Honest Loans review: how does it work and is it good?
The Honest Loans review is a good way to understand how a loan with them works, its pros and cons, and more. Keep reading!
Keep Reading
Solicitud de la Wells Fargo Reflect® Card: ¿cómo funciona?
¿Quieres solicitar Wells Fargo Reflect® Card? ¡Nuestro artículo tiene todo lo que necesitas! ¡Disfruta del 0% de APR introductorio!
Keep ReadingYou may also like
Petal 2 “Cash Back, No Fees” Visa Credit Card review
Looking for a no hidden fees, cash-back credit card? Check out this Petal 2 "Cash Back, No Fees" Visa Credit Card review. Read on!
Keep Reading
Apply for the Delta SkyMiles® Reserve American Express Card
Do you need a card to make your travel experiences better? Read to learn about the Delta SkyMiles® Reserve American Express Card application!
Keep Reading
A guide on how to manage your mortgage the right way
Managing your mortgage can be intimidating. Don't worry! We have some tips to help you learn how to easily manage your mortgage.
Keep Reading