WalletHubNo membership feesHigh rewards rateQualify with bad creditHigh regular APRForeign feeRequires security depositBank of America® Unlimited Cash Rewards Secured Credit Card
Bank of America® Unlimited Cash Rewards Secured Credit Card
Credit Score
Bad Credit
Minimum Security Deposit
$200
Fees
APR on Purchases
27.99% (V)
Rewards
Earn 2% cash back on all purchases for the first year, and 1.5% cash back thereafter.
No limit to the amount of cash back you can earn and cash rewards do not expire.
Redeem cash rewards for statement credits to your credit card, deposits made directly into a Bank of America® checking or savings account, or to pay for purchases when you shop at Amazon.com or check out with PayPal.
Bank of America® Unlimited Cash Rewards Secured Credit Card's Additional Info
A minimum refundable security deposit of $200 (maximum of $5,000) is required to open this account
Your maximum credit limit will be determined by the amount of the security deposit you provide, your income and your ability to pay the credit line established
Your account will periodically be reviewed and, based on your overall credit history (including your account and overall relationship with the issuer, and other credit cards and loans), you may qualify to have your security deposit returned. Not all customers will qualify.
| cash advance fee | 5% |
| cash advance APR | 28.99% (V) |
| foreign transaction fee | 3% |
| smart chip | Yes, chip-and-signature |
| max late fee | $40 |
| max overlimit fee | $0 |
| max penalty APR | 29.99% (V) |
Bank of America® Unlimited Cash Rewards Secured Credit Card Pros & Cons
No membership fees
High rewards rate
Qualify with bad credit
High regular APR
Foreign fee
Requires security deposit
Compare The Bank of America® Unlimited Cash Rewards Secured Credit Card vs. Popular Alternatives
minimum deposit$200 | minimum depositNo Deposit Needed | minimum deposit$200 |
one time fees$0 | one time fees$0 | one time fees$0 |
annual fee$0 | annual fee$39 | annual fee$0 |
monthly fee$0 | monthly fee$0 | monthly fee$0 |
Regular APR27.99% (V) | Regular APR29.49% (V) | Regular APR26.99% Variable |
rewards rate | rewards rate | rewards rate |
Sponsored Apply Now | Sponsored Apply Now |
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Offer last updated: Oct 7th, 2025 at 06:45 ET
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