How Secured Card works
Your new Bank of America credit card can help you establish a credit history that will benefit you now and in the future.
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You deposit anywhere from $300 up to $10,000 into a Bank of America security deposit account. Your credit line will directly reflect the amount of your deposit.
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You can then make purchases with your card up to the amount you have in your security deposit account.
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You must pay at least the minimum payment before the due date each month. Your security deposit does not cover minimum payments. It also helps if you pay off your credit card each month instead of carrying a balance.
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Based on your credit and payment history, you may qualify for an unsecured card at a later date.2
Value and pricing
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Qualify for as little as $300
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$29 annual fee
Secured benefits
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Online Banking service1
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Total Security Protection®, our free package of security features, including zero liability from unauthorized card use if you notify us promptly2
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Travel and emergency assistance3
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Automatic auto rental insurance3
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Purchase Replacement3
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Purchase Guard3
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Convenience checks at no extra charge4
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Additional cards at no extra charge
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Bilingual (English/Spanish), Braille, and large-print credit card statements available upon request5
Apply now for the Secured Visa card
We reserve the right to change your terms, rates and fees at any time, for any reason, in accordance with the cardholder agreement and applicable law. Please see terms and conditions for important information concerning this offer.
Footnote1Online Banking is only available in certain states.
Footnote2Claims may be filed against posted and settled transactions subject to dollar limits and verification and must be reported within 60 days of the statement.
Footnote3Certain exclusions, restrictions and limitations apply. Details available when you receive your card.
Footnote4Cash advance fees and finance charges apply.
Footnote5Braille and large-print statements are only available in English.
With the Secured Visa® card you can qualify for as little as $300.
| Description |
Rate or Fee |
| Annual Fee |
$29 |
| Introductory APR on purchases and balance transfers (first 6 billing cycles) |
None |
| APR for purchases and balance transfers after first 6 billing cycles |
A variable APR, currently Prime + 10.99% |
| Cash advance APR |
A variable APR, currently Prime + 15.99% |
| Cash advance fee (minimum $10) |
4-5% of each advance |
| Late payment fee |
$35 |
| Over the credit limit fee |
$35 |
| Penalty APR |
A variable rate, currently up to Prime + 23.99% |
| Grace period on purchases |
At least 20 days |
| Minimum finance charge (unless Average Daily Balance for purchases is $0) |
$1.50 |
Terms and Conditions
Apply now for the Secured Visa card
Convenient account access
Bank of America credit card holders are entitled to our free Online Banking service. Online Banking provides complete access right at your fingertips and helps you save time and money while you manage your account. Plus, you can pay your credit card bill online for free.
Pay your credit card bill in seconds
It's free and only takes a few minutes to set up. Most payments are made on the same or next business day.
View your account information anytime
Access account information like your balance, transaction activity, and payment due date whenever you need it.
Consolidate your balances
Transfer your other card balances to your Bank of America card easily online.
You can also order convenience checks and more. It's easy and secure and only takes a moment to enroll. Upon receipt of your card simply go to
bankofamerica.com to get started.
Apply now for the Secured Visa card
