Review
BankAmericard® Secured Credit Card Review: Build Credit Without an Annual Fee
Looking to build credit without the burden of an annual fee? This BankAmericard® Secured Credit Card review dives deep into how this no-frills card can help you establish a positive credit history.
Bank of America
BankAmericard® Secured Credit Card
| Annual Fee | $0.00 |
| Regular APR | Standard APR 24.49% variable |
| Intro APR | None |
| Other Fees | Balance Transfer Fee 4% of each transaction |
Overview
Pros & Cons
What's great
- Low credit score requirement
- No annual fee
Things to consider
- High regular APR
- No sign-up bonus
- No rewards
- Balance transfer fee
Benefits
Drawbacks
Decision Guidance
Summary
The BankAmericard® Secured Credit Card is a basic tool for building or rebuilding credit, hampered by a high APR and lack of rewards. Its strengths lie in the absence of an annual fee and the backing of a major bank, providing a sense of security. Ho...