Visa Credit Cards > Bank of America Secured Visa® Card

Bank of America Secured Visa® Card

Credit lines available from $300 to $10,000
Set your own credit limit
Build or reestablish your credit

Other details about this card:

Available Reviews

I applied for their regular Visa in may 2006 and was denied, but they said I could send in a deposit for this secure card. The APR is a High 18%, but it is worth it if you are trying to establish or reestablish credit. In december 2007 they released my $500 deposit. So, hopefully after a few months they will give me an increase.

Peace and Love!

Got denied for whatever it was I was applying for with BofA but was offered the 99/500. Sounded like a good idea, and so far so good. I just hope I get a big ole increase and converion when my probation period of 9 months is over with so we can have a good Christmas 08!

i have bank of america checking..they declined me w/credit card because of my bankrucpty in 2003..however they did offer this card...did not get the $99/500 deal.. they still have it I asked the chat lady on line....

i\'ll get this card once i get my tax /rebate LOL

I thought they was only approving me for the $300/$5000 secured card..to my dismay,..I logged on my account and they offered me the $99/500!!!

I should be getting my cards in a few weeks since i paid them right away...I just plan on using this card to show them that I could pay a monthly bill!!! Watch me now!!!

Meya where you\'ve been?!!!

First, let me thank all of the folks at on the forum of FG who helped me make this decision you guys and gals are awsome.

I went online and chatted with one of their CSR's who suggested that I apply for the regular BofA card (what she called their starter card). I let her know that I am in the process of credit rebuilding so I took a chance and was offered the 100% secured card. I have sent off my check and should be getting my new secured BofA card soon. I know that being diligent with my payments I will be on my way to a improved credit score.

I am so glad that I found this site.

I had a major credit setback 4 months and totally destroyed credit. All 3 scores below 500. I decided to go secured route and I was approved for this card. APR 15.99 AF $29

I applied to this card and got it, but it required a deposit which I paid from my bank account. It also required a 29.00 a year fee, its a good card I got my picture on it, as well as the bank reports to the major 3 credit agencies every month. By having this and 2 other cards Ive jumped up 29 points in 2 months.

Tried for a Bank of America Platinum Visa card but was denied with a counter offer of the secured card. They also stated if I use this card well they would upgrade me to an unsecured Bank of America Platinum Visa card. Scores EQ 697 EX 715 & TU 719. Also, BK 09/2001. Still haunts me.

I happened to be doing a little online banking with my BOA checking acct and when I logged off, I checked out their credit cards. An online CRS appeared and spoke to me about their credit cards. I explained that I was rebuilding my credit and she began telling me about a secured 99/500 credit card that BOA is currently offering to customers who are rebuilding their credit. She advised to apply for the Visa Platinum Plus card and once I get denied that a counter offer of 99/500 will appear. It did and I applied. I'll give them the $99.00 bucks once my app is received. I hope everything goes thru for me because I kept saying that I need just one major bank to trust me with their "prime" card and allow me demonstrate that I will maintain a positive history with them. Hopefully BOA will afford me this opportunity which will open new doors for me with other cards. I have two credit cards currently, Imagine and Rewards 660. I receive CLI's on both but let's face it, they are no BOA, and if I take care of them I will definitely take care of the BOA card. I read everyone's review on this card and did not find one negative comment. Thanks for reinforcing my decision guys.

Forgot to add this review. I have been a customer of B of A for about 2 years now and because of that, I utilize online banking where I can check the details of my account. Less than 24 hours after I accepted the 99/500 counter-offer (they debited my account on the spot of course), I checked my account the next morning and the 99/500 account was already setup. So I don't need to worry about any extra logins I can just manage all my B of A accounts from one screen. That is so cool!

Is the economy that bad?? How can you get denied for a secured card?? After the online application was completed 2 minutes later I got the denied email

Hello FN,

I just love this site! While rebuilding my credit, I applied for and received this card Nov 2007. I secured it with a $500.00 deposit. I didn't make any additional deposits. My usage was minimal, but when I did use it, I paid it in full before due date.

Today, I was pre-approved for 3 of BOAs unsecured cards. The three choices were all for a $1500.00 CL. They included the rewards Visa or MasterCard, or the BOA Amex., accelerated rewards. No annual fees on none of the cards. The apr 9-19% with 0% on balance transfers ( I forget for how long) I did not request a balance transfer as all of my cards are zero balance.

I will say that out of the 3 reporting bureaus, Equifax reported this card as "secured", initially I was concerned but didn't worry to much about it. It didn't seem to hurt me. I started off with 3 secured bank cards and a Crown Jewelry account to rebuild my credit. They helped me to get my scores to the point where I could purchase my home. I'm a disabled Army Veteran and missed my Army days, so as a treat I purchased a Hummer H3 through the Capital One blank check auto loan program, other cards I have obtained are:

Discover
Best buy MC reward Zone
Capital One Master Card
Wal-mart
Lowes
Credit One (might close)
Crown Jewels (they report a small usage to the CB's each month even if you don't purchase anything)
Kays
aafees star MC (Military Xchange aka PX)
Venue
Pay Pal
BOA Amex

I also still have the three Secured cards I began with:

Bank of America (will close & get deposit back)
Orchard Bank (going to work see what I can get here)
National City (:who by the way owns my home :) 6% 30yr fixed at the beginning of the "Mortgage Crisis"

I hope this help those who are just getting started, hang in there, all the advice that I have read through is right on target, it's exactly what I did, and believe you me, it works.

Good Luck to all and a hardy thank you to my military comrades, hooah!

~Tia~