Credit Cards

Earn back: Bank of America® Unlimited Cash Rewards Secured review

Bank of America® Unlimited Cash Rewards Secured is the credit builder card with unlimited cash back and no annual fee! Read on and learn more!

Advertisement

Raise your score with 1.5% unlimited cash back

Bank of America® Unlimited Cash Rewards Secured
Earn back: Bank of America® Unlimited Cash Rewards Secured review. Source: The Mad Capitalist.

Poo credit can close doors to financial opportunities. But you can take action to rebuild it with this Bank of America® Unlimited Cash Rewards Secured review.

Bank of America® Unlimited Cash Rewards Secured

Apply for Bofa® Unlimited Cash Rewards Secured

Build credit, earn cash back: Apply for the Bank of America® Unlimited Cash Rewards Secured Credit Card with our help. Keep reading!

This secured card provides an easy way to build credit while earning cashback on all purchases. Read the following sections below to learn more about it.

  • Credit Score: Bad credit;
  • Annual Fee: $0;
  • Purchase APR: 28.24% variable APR;
  • Cash Advance APR: 29.24% variable APR;
  • Welcome Bonus: N/A;
  • Rewards: 1.5% Unlimited cash back on all purchases.

Advertisement

Bank of America® Unlimited Cash Rewards Secured: how does it work?

Bank of America® Unlimited Cash Rewards Secured is an excellent card option for individuals with poor credit, no credit, or limited credit history.

This card functions like any credit card. However, it requires a security deposit of $200-$5.000.

By using this card responsibly, you can increase your credit score and also build or reestablish creditworthiness.

1.5% Cash Back on All Purchases

The card offers an unlimited 1.5% cash back on purchases, and a decent earning rate for a secured credit card, since most don’t offer any rewards.

Advertisement

FICO® Score Access Monthly

Bank of America® Unlimited Cash Rewards Secured lets you access your FICO® Score every month.

Seeing your credit score regularly, you can recognize areas that require improvement and create an action plan.

It gives you more financial control and helps you plan your finances.

Annual Fee and Foreign Transaction Fee

Bank of America® Unlimited Cash Rewards Secured comes with no annual fee, which helps you save significant money.

However, there is a 3% foreign transaction fee, so it’s not a good option for purchases overseas.

Advertisement

Bank of America® Unlimited Cash Rewards Secured: should you get one?

Bank of America® Unlimited Cash Rewards Secured
Raise your score with 1.5% unlimited cash back. Source: Bank of America

The Bank of America® Unlimited Cash Rewards Secured Credit Card is a straightforward and effective way to earn rewards while establishing credit.

See how its pros and cons stack up.

Pros 

  • No annual fee;
  • Unlimited 1.5% cash back on all purchases;
  • Builds credit line and repairs bad credit;
  • Free access to your FICO® score every month.

Cons

  • Foreign transaction fee;
  • High-security deposit is required.

Credit score required

Indeed, there’s no least credit score required to apply for the Bank of America® Unlimited Cash Rewards Secured.

Bank of America® Unlimited Cash Rewards Secured application: how to do it?

If you’ve gotten to the bottom article, you might wonder how to apply for the Bank of America® Unlimited Cash Rewards Secured.

It’s simple! Follow our guide post below to understand how to make your application in minutes. So read on!

Bank of America® Unlimited Cash Rewards Secured

Apply for Bofa® Unlimited Cash Rewards Secured

Build credit, earn cash back: Apply for the Bank of America® Unlimited Cash Rewards Secured Credit Card with our help. Keep reading!

Trending Topics

content

Navy Federal Visa Signature® Flagship Rewards Review: earn points

Discover the perks of the Navy Federal Visa Signature® Flagship Rewards in this review. $0 annual fee in the 1st year + rewards!

Keep Reading
content

Learn to apply for the Achieve Personal Loan (formerly FreedomPlus)

Looking to take out a personal loan? Learn how to apply for an Achieve Personal Loan and get access to funds quickly. Qualify for up to $50K.

Keep Reading
content

LoanPionner review: how does it work and is it good?

Get the info you need to access up to $5,000! Read this LoanPionner review and find out how to do it. Keep reading!

Keep Reading

You may also like

content

Amazon Rewards Visa Signature Card: apply today

Step-by-step guide: How to apply for the Amazon Rewards Visa Signature Card. Earn 3% back on Amazon purchases, plus rewards on all spendings.

Keep Reading
content

Application for the U.S. Bank Cash+™ Visa Signature® card: how does it work?

If you're good with cashback management, the U.S. Bank Cash+™ Visa Signature® card is for you. Learn how to apply for it.

Keep Reading
content

SimpleLoans123 Review: Quick Personal Loans Marketplace

Need a personal loan? Read our honest SimpleLoans123 review and discover how to get up to $35K. Stay tuned!

Keep Reading