Cash Rewards Secured Credit Card from Bank of America
- APR down · 28.24% to 27.74% · Oct 4, 2026
No annual fee. Purchase APR 27.74%, variable.
- Annual fee
- Issuer's pagebankofamerica.com
The source states this figure; we have no exact sentence on file yet.
- Purchase APR
- Issuer's pagebankofamerica.com
“27.74%”
- Foreign transaction fee
- Issuer's pagebankofamerica.com
“3% of the U.S. dollar amount of each transaction made in a foreign currency.”
We don’t earn anything from this link. Select any underlined figure to see where it comes from.
What it's worth
| Spending | First year | After |
|---|---|---|
| Light spender | $155 | $155 |
| Typical spender | $370 | $370 |
| Heavy spender | $760 | $760 |
The spending each assumes, a month
- Light spender: groceries $300, dining $100, gas $100, everything else $500
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500
Assumed: 6% the first year, then 3%: Choice category: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel.
Estimates from the published terms above, as checked Oct 10, 2026; not advice. How we value cards
How it compares
- No annual fee, like about 90% of the 48 cards on our Secured list (see the list).
- Worth more to a typical spender than about 90% of the 48 cards on our Secured list (see the list).
- Lower top APR than about 50% of the 43 cards on our Cash back list (see the list).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Before you apply
- What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
- Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
How you earn · BofA Rewards™
- 3%Choice category: gas and EV charging stations; online shopping, including cable, internet, phone plans and streaming; dining; travel; drug stores and pharmacies; or home improvement and furnishings
- 2%Grocery stores and wholesale clubs
- 1%Everything else
Rates and fees
| Annual fee | Issuer's pagebankofamerica.com The source states this figure; we have no exact sentence on file yet. |
|---|---|
| Purchase APR | Issuer's pagebankofamerica.com “27.74%” |
| Intro APR | Issuer's pagebankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Balance transfer fee | Issuer's pagebankofamerica.com “5% of the amount of each transaction.” |
| Cash advance APR | Issuer's pagebankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Penalty APR | Issuer's pagebankofamerica.com “Up to 29.99% , based on your creditworthiness.” |
| Late payment | Issuer's pagebankofamerica.com “Up to $41 .” |
| Foreign transactions | Issuer's pagebankofamerica.com “3% of the U.S. dollar amount of each transaction made in a foreign currency.” |
| Grace period | Issuer's pagebankofamerica.com “Automatic redemptions start at $25.” |
Carrying a balance? See how long it takes to pay off
Changes
- 28.24% · Oct 4, 2026 to Oct 4, 2026
- 27.74% · Oct 4, 2026 to today
Only changes that held for at least three days on both sides count; one-day blips in a reading don't.
Questions
- What is the annual fee?
- None bankofamerica.com, since Oct 8, 2026
- Does it charge a foreign transaction fee?
- Yes: 3% of the U.S. dollar amount of each transaction made in a foreign currency.. bankofamerica.com, since Oct 8, 2026
- What is the purchase APR?
- 27.74% APR bankofamerica.com, since Oct 4, 2026
Other secured cash back cards with no annual fee
- Bank of America Unlimited Cash RewardsBank of America · No annual fee+$80 a year
- Bank of America Unlimited Cash Rewards SecuredBank of America · No annual fee+$80 a year
- Rivermark Community CU Platinum, Cash Back, Secured CardRivermark Community Credit Union · No annual fee+$80 a year
Against this card, for our typical spender's value (rewards and credits minus fees, after the first year).