Secured Visa Review

For people looking to establish or rebuild their credit the Bank of America Secured Visa Credit Card is just right for you! This cards helps individuals establish a credit history which in beneficial for major future purchases. This card comes with an annual fee of $29 and an APR of 10.99%.

Secured Visa Card Intro P APR Intro BT APR APR as low as - - N/A Credit lines available from $300 to $10,000 Set your own credit limit Build or reestablish your credit apply online

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To begin simply deposit anywhere from $300 – $10,000 into a Bank of America security deposit account. Your credit limit will be a reflection of the amount of the deposit made. Then begin using your card just like a regular credit card. It is important to pay at least the minimum balance every month. If you pay on time every month you may qualify for an unsecured credit card in the future.

There is also extra value and protection that comes along with the Bank of America Secured Visa Card. The Total Security Protection Package offers the ultimate in credit card protection and gives peace of mind when you travel and spend using your card. It protects against loss, unauthorized use of your card. Included in this package is zero liability, which will reimburse you for charges made on your card without your permission. This coverage pays up to the amount of the loss. If your card is used fraudulently you will be credited promptly. Photo Security adds your picture on the front of the card in order to eliminate the possibility of fraudulent use. Fraud monitoring keeps track of how and where your card is being used, it is specially designed to prevent potential fraud should abnormal patterns appear. The Online protection gives password protection which prevents others from using your card to make purchases online.

Credit protection plus is an optional feature that card members may choose to add to their Bank of America Secured Visa Card. This service helps cardholders protects their credit card account by crediting your account with monthly benefit amounts equal to your monthly payment during major life changing events. With this feature there is Balance Cancellation in the event of Death as well as 18 months of payment cancellation for reasons such as involuntary employment.

As a card holder you will also receive free online access to your account. This special service will help you keep track of your spending, you can avoid late fees by paying online, you will be able to monitor your account with Bank of Americas free monitor alert service, and you may consolidate payments by transferring balances from other credit cards. Online banking also lets you view your account balance, check recent transactions, make changes to your account and view and print your monthly statement. This service is available 24-hours a day 7 days a week.

In order to qualify for the Bank of America Secured Visa Credit Card you must be a U.S. citizen or a permanent resident of the U.S. Simply fill out the online application with all of your correct information (the application takes approximately 5-10 minutes to complete) and you will receive a response in about 60 seconds.

Write to Legenia Burns at legenia@creditdonkey.com