Additional information of Customized Cash Rewards Secured Credit Card
With Bank of America's Secured Customized Cash Rewards credit card, you have reimbursement on all your purchases, being able to obtain up to 3% cash back on selected purchases.
It is a version of the Customized Cash Rewards, but designed for those who have a bad credit score or who want to start their credit history.
Unlike the classic one, with the insured the interest rate is higher, currently 28.24% adjustable APR, and you don't have interest-free purchases for the first few months or the $200 bonus offered by the original.
Even so, you do have a refund on purchases, with a return of 1% of everything you pay with it. Also, for purchases you make in wholesale clubs and food stores, the cash back is 2% and, for a category you choose, you will enjoy 3% cash back.
With the BofA Secured Cash Rewards, you can have a credit card that gives you money back on your purchases and, in addition, create or increase your credit score.
To contract it, you must make a bank deposit of between $200 and $5,000. The more money you deposit as collateral, the more credit limit you will have at your disposal.
In Busconómico you can also consult other secured cards, which you can request without having a credit history or with a low score.
En español: Tarjeta de crédito asegurada Cash Rewards de Bank of America