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

BankAmericard® Secured Credit Card
BankAmericard® Secured Credit Card review: build credit fast. Source: Bank of America

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.

BankAmericard® Secured Credit Card

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.

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?

BankAmericard® Secured Credit Card
Minimum security deposit of $200. Source: Bank of America

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.

BankAmericard® Secured Credit Card

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

content

First Access Visa® Card application: how does it work?

Learn how the First Access Visa® Card application works and why you should consider applying for this credit card. Keep reading!

Keep Reading
content

SoFi Personal Loans review: how does it work and is it good?

In this SoFi Personal Loans review, you'll learn how it works, the benefits, and if they're a good fit for you. Read on!

Keep Reading
content

Cheap flights on Momondo: find flights from $100!

Find Momondo cheap flights, locate the best deal on airline tickets, and save big on your upcoming trip. Find out more!

Keep Reading

You may also like

content

Build credit fast: Merrick Bank Classic Secured Card review

Read to build credit with confidence? Then don't miss our Merrick Bank Classic Secured Card review! Ensure a credit limit of up to $3K!

Keep Reading
content

An Irresistible APR To Smash Debt: PNC Core® Visa® review

Save money on high-interest debts with the PNC Core® Visa® Credit Card - Our review encompasses it all! Enjoy 0% intro APR for 15 months!

Keep Reading
content

Veterans United Home Loans review: how does it work and is it good?

Check out this Veterans United Home Loans review to see how it works. This #1 VA Lender will help you buy your dream home! Read on!

Keep Reading