BankAmericard® Secured Credit Card

Cardholders' Choice i
Cardholders' Choice i
  • 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. 
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Purchase Intro APR:
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Balance Transfer Intro APR:
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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 See Terms*
Late Fee Up to $37
Penalty APR See Terms*
Balance Transfer Fee 3%, Min: $10
Foreign Transaction Fee 3%
Return Payment Fee See Terms*

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
by ModernLove
Helpful to 29 out of 29

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
by kghuckaby
Helpful to 27 out of 29

Deny you a secured card unless you have a score of 650 or more???? There's no need for a secured card if your score is better!

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

Because your payment history is shared with the 3 major credit bureaus, responsible use can help you build credit. 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 April 2016 through September 2016. 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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