Additional information of Unlimited Cash Rewards Secured Credit Card
Until recently, Bank of America had only had one secured credit card, the BankAmericard with guarantee deposit, but given the high demand for this type of plastic, it has expanded its offer with two more, the Customized Cash Rewards and the Unlimited Cash Rewards secured card, which we discuss here.
With the Unlimited Secured Credit Card you will have a credit limit of between $200 and $5,000 to use in whatever you want and that will depend on the amount that you have deposited in the entity and that will serve as collateral.
This guarantee allows the credit card to be contracted by anyone, regardless of their credit history. Precisely this type of instrument is designed for customers who do not yet have a credit history or who have a bad score and want to improve it.
Unlike the classic Unlimited Cash Rewards, with the insured you will not have 15 months at a 0% interest rate when signing it up, nor with the $200 welcome bonus, but you will enjoy 1.5% cash back on all purchases.
In addition, the interest rate with the guaranteed card is the highest that the classic offers, currently 28.24% adjustable APR.
En español: Tarjeta de crédito Unlimited Cash Rewards Asegurada de BofA