Credit Cards

BankAmericard® Secured review: Low APR, and easy application process

In this BankAmericard® Secured review you will see how this card offers you a chance to improve your credit score.


Rebuild Your Credit with No Annual Fee: BankAmericard® Secured credit card

A secured credit card is great for building credit. Source: The Post New.

Welcome to this BankAmericard® Secured review, where we’ll explore the card’s security features, and credit-building opportunities.

BankAmericard® Secured

How to get your BankAmericard® Secured

In this BankAmericard® Secured application guide you will learn how to get this card in just a few minutes.

  • Credit Score: Bad or Poor(Under 580).
  • APR: 25.49% variable.
  • Annual Fee: $0.
  • Fee: 3% foreign transaction fee, 3% balance transfer fee.
  • Welcome bonus: N/A
  • Rewards: N/A

The BankAmericard® Secured is ideal for those looking to build or rebuild credit. It offers a low annual fee and flexible security deposit options. Read on and learn everything about it.

BankAmericard® Secured: how does it work?

The BankAmericard® Secured credit card can be a helpful tool for those looking to rebuild their credit score. 

It has no annual fee, reports to all three credit bureaus, and offers free FICO score updates. However, the card does require a minimum deposit of $200, and has a high APR of 25.49%. 

It also charges a foreign transaction fee of 3%. The issuer determines your credit limit by the amount of your security deposit, income, and creditworthiness. 

Further, the maximum limit is $5,000, and there are no rewards or welcome bonuses. Besides that, Bank of America will periodically review credit history to determine if the deposit can be returned.

Also, it’s worth noting in this review that the BankAmericard® Secured card doesn’t offer much beyond the initial credit-building stages. 

Furthermore, there are no rewards or other perks, and the high APR may make it less appealing for long-term use. 

While the card does offer overdraft protection, it may not be the best choice for those looking to maximize benefits.

On balance, the BankAmericard Secured card can be a useful tool for building credit. There may be better options available for those willing to explore the competition. 

The lack of rewards and high APR may make it less appealing for long-term use. Still, with no annual or account opening fees, it can be a good choice for those looking to start building their credit score. 

Significant benefits and disadvantages you may find

Use this card responsibly to build credit. Source: Canva.

Ready for the best part of our BankAmericard® Secured review? Here is our list of benefits and disadvantages for you to compare.


  • Low deposit requirement for secured card.
  • Automatic upgrade possibility to unsecured card.
  • Option to choose the security deposit amount.
  • Low APR


  • No option to increase credit limit.
  • Foreign transaction fee.
  • No option to transfer to another card.

Is a good credit score required for applicants?

No. The BankAmericard® Secured is a credit card for those trying to build credit. So even if you have a poor credit score, you can still get this credit card.

Learn how to apply and get a BankAmericard® Secured

Want to apply for the BankAmericard® Secured and enjoy everything you saw in this review? Our easy-to-follow application guide can help do that in just a few minutes. 

Click the link below to learn how to apply for it easy peasy. 

BankAmericard® Secured

How to get your BankAmericard® Secured

In this BankAmericard® Secured application guide you will learn how to get this card in just a few minutes.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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