- Rating:
- Reviewed on:
2008-09-22 00:00:00 - Issuer: Bank of America
- Category: Secured
- ARP: *See application for details
- Intro Rate: 0.00%
- Intro Period: Variable
- Annual Fee: $29
Bank of America Secured Visa® Card
- Credit Lines Available From $300 to $10,000
- Set Your Own Credit Limit
- Build or Reestablish Your Credit
- Additional Details & Information
- Card issued by FIA Card Services, N.A.
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.
