Bank of America® Customized Cash Rewards Secured Credit Card

Sign-up bonuses

Rewards

• Earn 3% cash back + 3% first-year cash back bonus in the category of your choice
• Automatic 2% cash back at grocery stores and wholesale clubs
• Unlimited 1% cash back on all other purchases
• Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.
• Choose which category you want to earn 6% cash back in – for the first year: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings

Other features

• A minimum security deposit of $200 (maximum of $5,000) 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.
• We'll periodically review your account and, based on your overall credit history (including your account and overall relationship with us, and other credit cards and loans), you may qualify to have your security deposit returned. Not all customers will qualify.
• Access to credit education on topics like using credit cards responsibly, budgeting and more
• We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions.
• Balance Connect® for overdraft protection: An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America® checking account to your credit card. No transfer fees. Other fees may apply.
• Paperless Statement Option: Opt for paperless credit card statements and increase account security while reducing paper consumption.
• Digital Wallet Technology: Discover more ways to pay by adding your Bank of America® credit card to your mobile device then shop in-store or in-app using Apple Pay®, Google Pay™ or Samsung Pay.
• Online & Mobile Banking: Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more.
• Account Alerts: Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid.
• Enjoy the flexibility to choose how you redeem your cash rewards – options include statement credits, deposits to a Bank of America® checking or savings account, credit to an eligible Merrill account, or to pay for eligible purchases at Amazon.com or with PayPal. Redemptions for a contribution to a qualifying 529 account with Merrill or for a check start at $25. You may set up automatic redemptions into an eligible Bank of America® or Merrill® account. Automatic redemptions start at $25. Statement credits, checks and contributions into a qualifying 529 account are not eligible for automatic redemption enrollment.

Additional Notes

Secured cards are not eligible for a new account bonus, like a cash rewards bonus offer, and introductory APRs are not available. However, this offer is eligible for the first-year 3% bonus.