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Intro APR:
0.00%
APR for Purchases:
*See application for details
Intro Rate:
No Introductory Rate Available
Annual Fee: $29
Application Fee: n/a
Issued by Bank of America
Card Type: Secured
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The Bank of America Secured Visa® Card issued by Bank of America, is designed for those with limited or
poor credit who may have had difficulty in obtaining a standard
unsecured credit card.
There is an annual fee of $29, which is average for a secured card.
Although the APR applied to purchases is reasonably low for a secured card, this card does not charge an application fee or a transaction fee for purchases, which are favorable benefits.
Most often, secured
credit cards do not have any additional perks or benefits; however, this card does provide several benefits, including auto rental insurance, travel, and emergency assistance, and Total Security Protection®. it also has the option to receive convenience checks at no extra charge. The card also offers access to the Photo Expressions®.
Therefore, those who can afford to pay in full each month (to avoid finance charges) and can afford the $300 minimum deposit will benefit most from what the Bank of America Secured Visa® Card has to offer.
Review date: 2008-11-18 00:00:00
