Introducing a credit card with generous cashback rewards, no annual fee, and a 0% introductory APR offer for new cardholders. Here is our Bank of America® Customized Cash Rewards Secured review.

For those who value travel rewards and premium benefits, this card offers excellent perks and high earning potential on purchases.

Read on and learn all you need to know about this card to decide if it is for you.

The Bank of America Customized Cash Rewards Secured Credit Card is an excellent choice for customers with no credit or limited credit history who want to earn cash back on their purchases. 

The card also has no annual fee and reports to the three major credit bureaus, making it a great option for those looking to establish or rebuild their credit.

The card also offers a rewards program that provides 3% cash back on a category of your choice. It may be gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. 

You’ll also earn 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. 

Cardholders earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%. 

Redeeming rewards is also straightforward and easy, with options for statement credit, direct deposit, credit to a Merrill account, check, or contribution to a 529 account.

However, one downside to the Bank of America Customized Cash Rewards Secured Credit Card is that the rewards system can be difficult to track. 

Also, the opening deposit required is $200, and there is a foreign transaction fee. The APR on purchases and balance transfers is 27.49% variable. 

Still, the potential for an upgrade to an unsecured card and the card’s other features make it a worthy consideration. 

Another helpful feature of the card is the ability to opt into overdraft protection if you have an eligible Bank of America checking account.

Overall, the Bank of America Customized Cash Rewards Secured Credit Card is a good option for those looking to build or improve their credit while earning cash back rewards. 

So, to complete our Bank of America® Customized Cash Rewards Secured review, let’s compare its pros and cons. Check out the list of benefits and disadvantages below.

The Bank of America® Customized Cash Rewards Secured card does not require applicants to have good credit in order to be eligible.

Ready to apply for the Bank of America® Customized Cash Rewards Secured card? Let our application guide walk you through the process. Click the link below to learn more.