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Overall Rating:
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Annual Fee: |
$29 |
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Intro Rate: |
0.00% |
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APR: |
999.000% Applied to Balance Transfers |
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Card Type |
Secured |
The Bank of America Secured Visa® Card issued by Bank of America, is designed for those with limited or poor credit who may have had difficulty in obtaining a standard unsecured credit card.
There is an annual fee of $29, which is average for a secured card.
Although the APR applied to purchases is reasonably low for a secured card, this card does not charge an application fee or a transaction fee for purchases, which are favorable benefits.
Most often, secured credit cards do not have any additional perks or benefits; however, this card does provide several benefits, including auto rental insurance, travel, and emergency assistance, and Total Security Protection®. it also has the option to receive convenience checks at no extra charge. Perhaps the best benefit is the 0% introductory rate for balance transfers, cash advances, and direct deposits. The card also offers access to the Photo Expressions®.
Therefore, those who can afford to pay in full each month (to avoid finance charges) and can afford the $300 minimum deposit will benefit most from what the Bank of America Secured Visa® Card has to offer. |
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Other Card Specific Information
| Introductory Rate |
0.00% |
| Time Period |
999.00 |
| Applied To |
Balance Transfers |
| Intro Details |
The introductory rate applies to the first twelve billing cycles for balance transfers, cash advance checks, and direct deposits. |
| Apr Purchase |
999.000% |
| Var Fi x Purchase |
Variable |
| Annual Fee |
$29 |
| Annual Details |
None |
| Application Fee |
n/a |
| Participation Fee |
n/a |
| Reload Fee |
n/a |
| Inactive Fee |
n/a |
| Total First Year Fees |
$29 |
| Type of Reward |
n/app |
| Optional Reward |
n/app |
| Optional Annual Fee |
n/app |
| Rebate Minimum |
n/app |
| Rebate Maximum |
n/app |
| Additional Rebates |
n/app |
| Rebate Details |
n/app |
| Points Per Dollar Spent |
n/app |
| Additional Points |
n/app |
| Point Details |
n/app |
| MilesPerDollarSpent |
n/app |
| AdditionalMiles |
n/app |
| MileDetails |
n/app |
| Miles Compatible With |
n/app |
| Expiration |
n/app |
| Yearly Limit |
n/app |
| Additional Perks |
Various Internet account related services.
No liability for unauthorized transactions.
Various travel and emergency assistant services.
Auto rental insurance.
Purchase replacement.
Purchase protection.
Access to Photo Expressions®.
See website for additional benefits. |
| Notations |
Cardholders may qualify for an unsecured card at a later date, based on credit and payment history.
See website for complete terms and conditions of card usage and application disclosure.
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