Bank of America Secured Visa® Credit Card Review

The Bank of America Secured Visa® Credit Card gives you the opportunity to build or rebuild a solid credit history with credit lines from $300 to $10,000. This card is for people who are seeking to build or improve their credit. The card does not offer a special Introductory ARR.

Establish or rebuild your credit history with reporting to the 3 major bureaus Ongoing credit education provided to help build a successful financial future Provide a security deposit of $300-$10,000 and your credit line will equal the amount of that deposit. Account reviewed after 12 months for eligibility to upgrade to an unsecured card and a refund of your Security Deposit Request a tap & pay device, including an additional card with built-in tap & pay functionality, to make fast and secure transactions

Bank of America Secured Visa® Rates

The Standard Variable APR for the Bank of America Secured Visa Card is 14.24% for both purchases and balances transfers. Standard Variable APR is 19.24% for all Direct Deposits, Check Cash Advances, ATM Cash Advances, Bank Cash Advances, Overdraft Protection and Cash Equivalent transactions. This card does not offer a 0% rate.

Additional Bank of America Secured Visa® Credit Card Details

This card helps you establish a credit history that will benefit you now and in the future. You deposit anywhere from $300 up to $10,000 into a Bank of America security deposit account. Your credit line will directly reflect the amount of your deposit. Then make purchases with your card up to the amount you have in your security deposit account. Pay at least the minimum payment before the due date each month. Paying off your credit card balance in full each month instead of carrying a balance may help. Your security deposit does not cover minimum payments. Based on your credit and payment history with your secured card, you may qualify for an unsecured card at a later date.

How to Apply for the BankAmericard® Visa® Card

Applying for this credit card is quick and easy. We’ve provided a link below that will take you to the official BankAmericard® Visa® Card website. From this page, you can click on the apply now button to go to the BankAmericard® Visa® Card secure online application. The application takes just a few minutes to complete, and they will notify you about the outcome of your application.

To get started, visit the Bank of America Secured Visa® Credit Card official website.