Our illustration, not the card’s design
Bank of America credit card
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.
Checked Nov 1, 2026Updated
- Annual fee
- Receipt · Annual feeChecked Nov 1, 2026
Issuer's page · bankofamerica.com
The source states this figure; we have no exact sentence on file yet.
- Purchase APR · variable
- Receipt · Purchase APRChecked Nov 1, 2026
Issuer's page · bankofamerica.com
“27.74%”
- Foreign transactions
- Receipt · Foreign transactionsChecked Nov 1, 2026
Issuer's page · bankofamerica.com
“3% of the U.S. dollar amount of each transaction made in a foreign currency.”
Select an underlined figure to see where it comes from.
In dollars
What it’s worth
Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.
| Spending | Value against the fee | First year | After |
|---|---|---|---|
| Light spender | $275 | $205 | |
| Typical spender | $710 | $480 | |
| Heavy spender | $1,160 | $860 |
The spending each assumes, and what isn’t counted
- Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
- Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
- Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month
Assumed: 6% the first year, then 3%: dining; 6% the first year, then 3%: drug stores and pharmacies; 6% the first year, then 3%: gas and EV charging stations; 6% the first year, then 3%: home improvement and furnishings; 6% the first year, then 3%: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: travel.
$205a year
$275 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: 6% the first year, then 3%: dining; 6% the first year, then 3%: drug stores and pharmacies; 6% the first year, then 3%: gas and EV charging stations; 6% the first year, then 3%: home improvement and furnishings; 6% the first year, then 3%: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: travel.
$480a year
$710 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: 6% the first year, then 3%: dining; 6% the first year, then 3%: drug stores and pharmacies; 6% the first year, then 3%: gas and EV charging stations; 6% the first year, then 3%: home improvement and furnishings; 6% the first year, then 3%: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: travel.
$860a year
$1,160 the first year, with the welcome bonus.
The spending this assumes
A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: 6% the first year, then 3%: dining; 6% the first year, then 3%: drug stores and pharmacies; 6% the first year, then 3%: gas and EV charging stations; 6% the first year, then 3%: home improvement and furnishings; 6% the first year, then 3%: online shopping, including cable, internet, phone plans and streaming; 6% the first year, then 3%: travel.
Use your own spending
Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards
Against the market
How it compares
Worth more to a typical spender than about 95% of the 732 cards we track.
- No annual fee, like about 100% of the 50 cards on our No annual fee list (see the list).
- Lower top APR than about 35% of the 651 cards we track.
Other secured cash back cards with no annual fee
- Bank of America Unlimited Cash RewardsBank of America · No annual fee−$30 a year
- Bank of America Unlimited Cash Rewards SecuredBank of America · No annual fee−$30 a year
- Quicksilver Cash Back RewardsCapital One · No annual fee−$30 a year
Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).
Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method
Customized Cash Rewards
How you earn
- 3%
- gas and EV charging stationsonline shopping, including cable, internet, phone plans and streamingdiningtraveldrug stores and pharmacieshome improvement and furnishings
- 2%
- grocery stores and wholesale clubs
- 1%
- Everything else
Cash back, as a share of each purchase.
Changes
- Oct 4, 2026 APR 28.24% to 27.74%
Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.
Every figure with its receipt
Rates and fees
| Annual fee | Receipt · Annual feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
|---|---|
| Purchase APR | Receipt · Purchase APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com “27.74%” |
| Balance transfer APR | Receipt · Balance transfer APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com “27.74%” |
| Balance transfer fee | Receipt · Balance transfer feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com “5% of the amount of each transaction.” |
| Cash advance APR | Receipt · Cash advance APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com The source states this figure; we have no exact sentence on file yet. |
| Cash advance fee | Receipt · Cash advance feeChecked Nov 1, 2026 Issuer's page · bankofamerica.com “5% of the amount of each transaction.” |
| Penalty APR | Receipt · Penalty APRChecked Nov 1, 2026 Issuer's page · bankofamerica.com “Up to 29.99% , based on your creditworthiness.” |
| Late payment | Receipt · Late paymentChecked Nov 1, 2026 Issuer's page · bankofamerica.com “Up to $41 .” |
| Foreign transactions | Receipt · Foreign transactionsChecked Nov 1, 2026 Issuer's page · bankofamerica.com “3% of the U.S. dollar amount of each transaction made in a foreign currency.” |
| Grace period | Receipt · Grace periodChecked Nov 1, 2026 Issuer's page · bankofamerica.com “Automatic redemptions start at $25.” |
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)
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