Rhonda Stewart, WalletHub Loans Analyst
A good Bank of America credit card for no credit that you should get is the Bank of America Custom Cash Secured Card. This card offers 1 - 3% cash back, depending on the type of purchase. The card also has a $0 annual fee. The Bank of America Custom Cash Secured Card requires a $200+ security deposit.
Here are some of the best Bank of America credit cards for no credit:
The Bank of America Custom Cash Secured Card offers 3% cash back in a category of your choice, 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly in the 3% and 2% categories combined), and 1% back on all other purchases. The card also comes with a $0 annual fee. Keep in mind that this is a secured card, so it requires a $200+ security deposit, which will serve as your credit limit.
The BankAmericard Secured card doesn’t offer rewards, but it’s still a decent inexpensive option for building or rebuilding credit. This is a secured credit card, so it requires a minimum security deposit of $200, which will serve as your credit limit.
The Bank of America® Unlimited Cash Rewards Secured Credit Card offers 1.5% cash back on all purchases. The card also comes with a $0 annual fee. This card requires a $200+ security deposit, which will serve as your credit limit.
The Bank of America Travel Rewards for Students credit card is a good option for students as it offers 1.5 points per $1 spent on all purchases, plus an initial bonus of 25,000 points for spending $1,000 in the first 90 days.
The card also offers an introductory APR of 0% for 18 billing cycles on both purchases and balance transfers made in the first 60 days, and it has a $0 annual fee. The regular APR is 17.99% - 27.99% Variable, and balance transfers are subject to a fee of 3%.
Regardless of the Bank of America credit card you choose, note that your credit activity will be reported to the three major credit bureaus. So, make sure to use your card responsibly by paying your bill on time and in full, if possible. Any missteps this early in the game could damage the very credit you’re trying to build.
2023's Best Bank of America Credit CardsCompare Cards
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