BankAmericard Secured Card

Apply for the card on a issuer's secure site Apply Now
at issuer’s secured site
bad credit
intro purchase APR no intro offerregular APR20.24 - 20.24% (V)
intro BT APR 20.24-20.24% 3% min $10

$39 annual fee

reports to 3 major credit bureaus

25 days grace period

Editors Review

Pros

  • $39 annual fee
  • After 12 months, you can apply for getting your deposit back while using the card as a regular credit card.
  • grace period of 25 days
  • Reports to 3 major credit bureaus – good for rebuilding your credit

Cons

  • High 20.24% regular APR
  • Credit limit equals your deposit – that means fully secured credit card, but no interest on a deposit – so there is no reason to put a big deposit.

Verdict

Average secured card – reasonable annual fee, average APR. Good for rebuilding a credit – reports to all major credit bureaus. Another good feature – BoA can offer you an unsecured card with the same limit after 12 months of using a secured one.

Last updated: 08/05/2016









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