Review
Bank of America® Unlimited Cash Rewards Secured Credit Card Review: Earn Rewards While Building Credit
Looking to build credit and earn rewards at the same time? This Bank of America® Unlimited Cash Rewards Secured Credit Card review dives deep into how you can earn unlimited cash back while establishing your credit.
| Annual Fee | $0.00 |
| Sign-up Bonus | No signup bonus |
| Rewards Rate | 1.5%-2% Cash Back |
| Intro APR | None |
| Regular APR | Standard APR 27.49% variable |
| Other Fees | Balance Transfer Fee 5% of each transaction |
Overview
Pros & Cons
What's great
- No annual fee
- Cashback on purchases
- Potential for deposit refund
Things to consider
- Requires a security deposit
- No sign-up bonus
- No intro APR period
- High regular APR
- High balance transfer fee
Benefits
Drawbacks
Decision Guidance
Summary
The Bank of America® Unlimited Cash Rewards Secured Credit Card is a mixed bag, landing it at a 2.6 overall. Its primary strength is the straightforward 1.5% cash back rewards program with no annual fee, which is unusual and valuable for a secured ca...