Unlimited Cash Rewards Secured
The Bottom Line
3.7
BIG4CREDIT RANKING
Our 5-star rating is based on Big4credit’s independent, data-driven scoring system.
Each card is evaluated across multiple weighted categories – including rewards,
fees, welcome offers, 0% intro APR, ongoing APR, perks, benefits, and protections.
Ratings are determined solely by our research and analysis and are never influenced
by card issuers or advertisers. Read about our ranking system in the
Credit Card Ranking & Methodology section.
The Bank of America® Unlimited Cash Rewards Secured Credit Card is a strong option for people who want to build or rebuild credit while earning simple, unlimited cashback. You’ll earn 1.5% flat-rate cashback on every purchase with no annual fee. With responsible use, it can help improve your credit profile over time and potentially lead to an upgrade to an unsecured card. It’s best for those who need a secured card but still want straightforward rewards instead of complicated bonus categories.
Unlimited Cash Rewards Secured
Apply now
On Bank of America's Secure Website
Annual fee:
$0
Intro APR
Purchases: N/A
Balance Transfers: N/A
Regular APR
27.49% Variable APR
Credit Score
300-669 (Poor/Fair)
Rewards Earn unlimited 1.5% cashback on all purchases.
1.5% Cashback
Welcome Offer Earn unlimited 2% cashback on all purchases for the first year.
2% Cashback on Purchases for the First Year
Welcome Offer
- Earn unlimited 2% cashback on purchases for the first year.
Rewards
- Earn 1.5% unlimited cashback on all purchases.
Redemption Options
- Redeem rewards as a statement credit or direct deposit into an eligible Bank of America® or Merrill® account.
Fees and APR
- Minimum Security Deposit: A minimum security deposit of $200 (maximum of $5,000) is required to open this account. Your maximum credit limit is based on the security deposit you provide, along with your income and ability to repay the credit line.
- Annual Fee: $0.
- Regular APR: 27.49% Variable APR.
- Balance Transfer Fees: 5% of each transfer amount.
- Foreign Transaction Fee: 3% of each purchase transaction in U.S. dollars.
Additional Features
- Learn More About Credit: Get access to helpful credit education on topics like using credit cards responsibly, budgeting, and building healthy credit habits.
- Zero Liability Protection: You won’t be held responsible for unauthorized charges made with your card or account info, just report them promptly.
- Fraud Protection: Your account is continuously monitored for unusual activity. Potential fraud is blocked, and you’ll be alerted if suspicious transactions are detected.
- Balance Connect® for Overdraft Protection: Link your eligible Bank of America® checking account to your credit card to help avoid declined purchases or returned checks. No transfer fees, other fees may apply.
- Digital Wallet Compatible: Easily add your card to Apple Pay®, Google Pay™, or Samsung Pay® for fast, secure, contactless payments in-store, in-app, and online.
- Account Alerts: Stay on top of your balances, due dates, and transactions with customizable email or text alerts, so you’re always informed and in control.
Terms and Conditions
Click Apply Now to see the terms and conditions.