Bank of America® Customized Cash Rewards Secured Credit Card
Basic Information
Program ID: bank-of-america-secured-credit-card
Issuer: Bank of America
Card Type: Credit
Network: Visa
Card Tier: Standard
Data Complete: Yes
Created: 01/07/2026 08:00
Last Scraped: 01/15/2026 05:57
Fee Structure
| Annual Fee: | $0.00 |
| Year 1 Waived: | No |
| Effective Annual Fee: | $0.00 |
| Authorized User Fee: | $0.00 |
| Penalty APR: | 0.00% |
Additional Fees
| Late Fee: | $40.00 |
| Returned Payment: | $40.00 |
| Balance Transfer: | Either $10 or 3% of the amount of each transfer, whichever is greater (maximum $100) |
| Cash Advance: | Either $10 or 5% of the amount of each cash advance, whichever is greater (maximum $100) |
| Foreign Transaction: | 0.00% |
Interest Rates
Purchase APR Range: 2,624.00% - 2,624.00%
Intro Purchase APR: 0.00%
Intro APR Duration: 0 months
Balance Transfer APR: 2,624.00%
Intro BT APR: 0.00%
Intro BT Duration: 0 months
Cash Advance APR: 2,924.00%
Sign-Up Bonus
Bonus Amount: $0.00
Spending Requirement: $0.00
Time Period: 0 days
Bonus Timing: This card typically does not offer a sign-up bonus or welcome offer. Its primary purpose is to help build or rebuild credit.
Rewards Program
Reward Type: None
Base Reward Rate: 0.00%
Bonus Reward Rate: 0.00%
Bonus Categories: None
Point Value Estimate: 0.0000 cents/point
Expiration Policy: N/A - This card does not offer a rewards program.
Transfer Partners: None
Card Benefits
Protection Benefits
- Extended Warranty
- Purchase Protection
- Cell Phone Protection
- Price Protection
Travel Benefits
- Travel Insurance
- Primary Rental Protection
- Trip Delay Coverage
- Lost Luggage Coverage
- No Foreign Transaction Fees
Premium Benefits
- Airport Lounge Access
- Concierge Service
- Global Entry Credit: $0.00
- TSA PreCheck Credit: $0.00
Approval Criteria
Recommended FICO Range: 300 - 669
Approval Odds Category: Excellent
Pre-qualification Available
Soft Pull Supported
Hard Pull Bureau: Experian, TransUnion, Equifax
Issuer Rules
Rules: Projected for 2026, the Bank of America Secured Credit Card is primarily designed for individuals looking to build or rebuild their credit history. **Eligibility Requirements:** Applicants must be 18 years or older, a U.S. resident, and provide a security deposit (typically ranging from $300 to $4,900), which determines the credit limit. This card is generally for those with no credit history or poor credit scores. **Application Rules (Bank of America 2/3/4 Rule):** Bank of America is expected to continue its application restrictions into 2026, limiting new credit card approvals across all its products. These rules state that an applicant will likely be denied if they have opened: * 2 or more new Bank of America credit cards in the past 2 months. * 3 or more new Bank of America credit cards in the past 12 months. * 4 or more new Bank of America credit cards in the past 24 months. **Bonus Rules:** This secured credit card typically does not offer a sign-up bonus or a rewards program, as its main purpose is credit building. Any potential benefits would be focused on credit score improvement and potential graduation to an unsecured card.
Maximum Cards Per Issuer: 99
Minimum Spend Interval: Not applicable for bonus, as this card typically does not offer a sign-up bonus.
Shutdown Risk Triggers: Manufactured spending, repeated late payments, defaulting on other Bank of America accounts, suspicious or fraudulent activity, sudden drastic changes in spending patterns, exceeding internal risk thresholds, or violating terms of service.
International Friendly
User Analytics & Insights
User Ratings
Average Rating: 3.7 / 5.0
Top Positive Feedback:
Excellent for building or rebuilding credit, relatively easy approval even with poor credit, reports to all three major credit bureaus, and offers a path to an unsecured card.
Top Negative Feedback:
No rewards program, requires a security deposit, has an annual fee ($39), low initial credit limit, and can be slow to return deposit upon closure.
Approval Experience Score: 90.0 / 100
Recommended Alternatives
- Discover it Secured Credit Card
- Capital One Platinum Secured Credit Card
- Chime Credit Builder Visa® Secured Card
Card Value Score: 85.0 / 100
Est. Annual Rewards: $0.00
User Portfolio Metrics
Avg Portfolio Size: 2 cards
Avg Portfolio Age: 12 months
Store vs Co-brand: 100% General / 0% Store
Risk Assessment
Default Risk Group: High
Predicted Approval Probability: 90.0%
Terms Version Control
Version ID: v1.0