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!
Raise your score with 1.5% unlimited cash back
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.
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.
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.
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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.
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.
Bank of America® Unlimited Cash Rewards Secured: should you get one?
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.
- 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.
- 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!
About the author / Suzana Brito
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