BankAmericard® Secured Credit Card

Cardholders' Choice i
Cardholders' Choice i
Sorry, this offer is no longer available on Credit Karma.
  • You are applying for a secured card.  For applicants who qualify, more favorable terms and pricing are available through our unsecured products.
  • Looks and works like any other credit card and can be used anywhere MasterCard® credit cards are accepted.
  • Mobile Banking access available almost anywhere, any time.  Helping you stay on top of your finances.*
  • $0 Liability Guarantee, which helps protect you from fraudulent card transactions.*
  • A minimum refundable security deposit of $300 (maximum of $4,900) is required to open this account. Your maximum credit limit will be determined by the amount of the security deposit you provide, your income and your ability to pay the credit line established.
  • After 12 months, your account may be reviewed and, based on your overall credit history, you may qualify to have your security deposit returned while you continue to use your card. Some customers may not qualify after 12 months. 
Annual Fee:
$39
Purchase Intro APR:
N/A
Purchase Regular APR:
20.99%*
Variable
Balance Transfer Intro APR:
N/A
Balance Transfer Regular APR:
20.99%*
Variable

Details, Rates & Fees

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* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.

Cash Advance Rate See Terms*
Cash Advance Fee 3%, Min: $10
Late Fee Up to $38
Penalty APR Up to 29.99%
Balance Transfer Fee 3%, Min: $10
Foreign Transaction Fee 3%
Return Payment Fee Up to $27

Cardholders' Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.
Most Helpful Positive Review
ModernLove
THIS CARD WORKS!!
by ModernLove
Helpful to 110 out of 118

Received this card about a year ago after providing a $300 deposit.It was a tiny credit limit. I was disappointed and hardly ever used it. But after 9 months of on-time payment history I applied and was approved for the following cards, all within 2 months: CapOne - 2K, Citi - 1K, Chase - 3500, AmEx Everday - 3K, AmEx BlueCash - 5K. And last week Bank of America  'unsecured' this card, returned my $300 deposit, and raised my credit limit. This card works!

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.
Most Helpful Negative Review
SHESPY14
NEW TO CREDIT
by SHESPY14
Helpful to 78 out of 87

I APPLIED (NO CREDIT HISTORY, 18 YEARS OLD) IN JANUARY FOR THE SECURED, I PUT 1K DOWN. FOR THE PAST 6MONTHS I DID MY BEST PAYING THE BALANCE IN FULL AND SOMETIMES MAXED IT OUT AND USED AGAIN BUT PAID BALNCE BEFORE THEY REPORTED IT TO THE CREDIT BUREAU. I SPOKE TO THE ANALYST AN BOFA AND THEY WERE IMPRESSED :) AFTER MY 6 MONTH STATEMENT POSTED I CALLED REQUESTED TO SEE IF THEY WOULD CONSIDER GRADUATING ME FROM THE SECURED TO UNSECURED AND THEY GLADLY DID IT AND ALSO GAVE ME AN INCREASE WHICH NOT MY LIMIT IS $1400 AND I AM GETTING MY SECURITY DEPOSIT BACK. THE ONLY NEGATIVE THING I DID NOT LIKE WAS BACK IN MAY WHEN MY CARD WAS CHARGED FOR $200 ON PRICELINE FRAUDULANTLY THEY REVERSED THE CHARGES BACK ON THE CARD WITHOUT PROPERLY INVESTIGATING. THEY SHOULD HAVE ASKED FOR DL FOR A SO-CALLED RENTAL THAT WAS NEVER RENTED.  I ALSO HAVE BEEN DOING RESEARCH WITH OTHER BANKS AND CARDS WITH MY MOM AND THE NEXT STEP IS TO GET A CREDIT CARD WITH NAVY FEDERAL THEY ARE GENEROUS WITH THERE LIMITS, EVEN IF YOU ARE REBUILDING. CAP ONE QUICKSILVER IS ALSO A GOOD COMPANY WHICH I HAVE THERE CARD. BUILDING UP WITH MOMS GUIDANCE :) 


Our Take

The BankAmericard® Secured credit card is a good option if you’re new to credit or trying to build credit.

What to Like

You can build up your credit history by using this card responsibly and over time it could help you improve your credit score. After 12 months, you could qualify to get your security deposit back while you continue to use the card. It also offers a $0 Liability Guarantee if your card is lost or stolen.

Look Out For

While it could help you build credit, the BankAmericard® Secured credit card requires a $300 minimum security deposit to open the account, and there’s a $39 annual fee. This card has a relatively high interest rate, so you could pay a lot in interest if you don’t pay off your balance each month.

Similar Offers

† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from October 2016 through March 2017. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.

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