Bank of America Secured Visa® CardIssued by Bank of America.This card received a rating of 3.00 out of 5.00 |
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Basic Credit Card Information
| Introductory Rate: | 0% APR for 12 Billing Cycles |
| Time Period: | See Terms |
| Rate Applied To: | Balance Transfers |
| Additional Details: | The introductory rate applies to the first twelve billing cycles for balance transfers, cash advance checks, and direct deposits. |
| Regular APR: | *See application for details |
| Variable or Fixed: | Variable |
| Annual Fee: | $29 |
| Annual Fee 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 Rewards: | n/app |
| Be sure to read the card's Terms and Conditions before applying! | |
Credit Card Review
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.This review was updated 2008-08-19T00:00:00.0000000-07:00
Reward Program Information
| Type Of Rewards: | n/app |
| Reward Program Optional: | n/app |
| Optional programs may have a fee. See Terms and Conditions for details. |
| For Cards with Cash Back Incentives | |
| Lowest Possible Rebate: | n/app |
| Highest Possible Rebate: | n/app |
| Additional Rebates: | n/app |
| Rebate Details: | n/app |
| For Cards with Point Incentives | |
| Points Per Dollar Spent: | n/app |
| Additional Points: | n/app |
| Point Details: | n/app |
| For Cards with Airline Incentives | |
| Miles Per Dollar Spent: | n/app |
| Additional Miles: | n/app |
| Program Details: | n/app |
Rewards Expiration Period: n/app
Annual Limit: n/app
Additional Credit Card Perks
Special Notations about the Bank of America Secured Visa® Card
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.Always read the credit card's Terms and Conditions before applying!
