The easiest Bank of America credit card to get is the Bank Americard Secured Credit Card or the Bank Americard Credit Card for Students, because both cards will approve people with no credit, and people with bad credit might even get approved for the Bank Americard Secured Credit Card. Both cards report to credit bureaus each month, so they will help build your credit.
Bank Americard Secured is, as the name suggests, a secured credit card. These are easier to get than unsecured credit cards because the credit line is secured by a deposit, making it less risky for the card issuer. This card requires at least a $300 refundable deposit to secure the credit line, and however much you put down as a deposit then becomes your credit limit. It doesn't have an annual fee.
The Bank Americard Credit Card for Students is an unsecured credit card that's easier to get simply because it's built for students, who usually have limited or no credit history. You will have to have income to get approved, and the annual fee is $0.
Still, the minimum credit score needed for Bank of America credit card approval is only one factor in the decision. Bank of America will also consider employment status, income, debt level, age, number of open accounts, monthly rent or mortgage payments and more.
While there are clearly lots of Bank of America credit card options for good and excellent credit, the choices are sparse for people with lower scores. In that case, cards from other issuers, such as Capital One and Discover, may be more helpful. For bad credit, the Secured Mastercard® from Capital One and the Discover it® Secured Credit Card card are great options.
The Bank of America credit card for no credit that you should get is the BankAmericard Secured Credit Card. Designed for people with bad, limited, or no credit, the BankAmericard secured card requires a minimum $300 security deposit to open the account. The deposit establishes your credit limit and is fully refundable if you close the account in good standing.… read full answer
If you’re a student with limited or no credit, you have more options. The Cash Rewards, Travel Rewards, and BankAmericard for students offer better terms than the secured card, and there’s no upfront deposit required. Each Bank of America student card offers distinct features for you to choose from. You’ll have to decide if you prefer cash back rewards, travel rewards, or 0% interest on purchases for 15 months.
Here are the best Bank of America credit cards for no credit:
Bank of America Secured: $39 annual fee. $300 minimum deposit required; maximum deposit $4,900. Security deposit eligible for early refund with good credit history. Regular APR: 22.24% (V).
Bank of America Cash Rewards for Students: No annual fee. $200 cash rewards bonus when you spend $500 in the first three months. 3% cash back per $1 spent at gas stations; 2% on grocery store purchases. 10% customer bonus when you redeem points into a Bank of America checking or savings account.
Bank of America Travel Rewards for Students: No annual fee. 25,000 bonus points when you spend $1,000 in the first 90 days. 3 points per $1 spent at the Bank of America Travel Center; 1.5 points on all other purchases. Points redeemable for flights, hotels, rental cars, and more, with no blackout dates. 10% customer bonus when you redeem points into a Bank of America checking or savings account.
BankAmericard for Students: No annual fee. 0% APR for 15 months on purchases and balance transfers; no balance transfer fee on balances posted in the first 60 days; 3% after. Regular APR: 14.99% - 24.99% (V).
Whichever Bank of America credit card for no credit you choose, Bank of America will report all activity on your card to the three major credit bureaus. When you’re starting out with no credit, there’s little room for error in trying to establish credit. Pay your bill on time, and in full, if possible. Avoid opening too many credit accounts in a short period of time, and keep your debt-to-credit ratio low. Any missteps this early in the game could damage the very credit you’re trying to rebuild.
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