Bank of America
Customized Cash Rewards Secured Credit Card
Estimated value every year on typical spending
$372/ year
Every year, after the annual fee. No welcome bonus.
Based on a typical ~$2,600/month of spending. Points valued conservatively; confirm terms with the issuer.
Carry a balance? At 20%+ APR, interest usually costs more than any card earns.
Is it worth it?
With no annual fee, the Bank of America Customized Cash Rewards Secured Credit Card can't cost you money to hold, so the question is only whether another card would earn more. It's worth about $372 a year on typical spending.
The fine print
- Intro APR
- Not applicable
- Regular APR
- 27.74% variable
- Foreign fee
- Not specified
- Rewards paid as
- Cash back
- Approval
- Built for no / limited credit
- Redeem for
- Travel portal · Airline & hotel transfers · Statement credit · Gift cards
Rewards
- 6% cash back in the category of your choice for the first year
- 3% cash back in your choice category
- 2% at grocery stores and wholesale clubs
- 1% on all other purchases
Sign-up bonus
None
Best for
- Keeping costs at $0
Not ideal for
- Maximizers chasing category bonuses
Trade-offs: Better travel value ↔ less straightforward than cash back; No annual fee ↔ lower category bonuses.
Worth knowing
- Annual fee
- $0
- Intro APR
- Not applicable
- Regular APR
- 27.74% variable
- Balance transfer fee
- 5% of each transaction
- $500/mo on groceries earns about $120/year (2x).
- $1200/mo on everyday spending earns about $144/year (1x).
Offer history
No changes to the fee, welcome offer or intro APR since we started checking this card daily on Oct 26, 2026.
Customized Cash Rewards Secured Credit Card: questions people ask
Is the Bank of America Customized Cash Rewards Secured Credit Card worth it?
With no annual fee, the Bank of America Customized Cash Rewards Secured Credit Card can't cost you money to hold, so the question is only whether another card would earn more. It's worth about $372 a year on typical spending.
What is the Bank of America Customized Cash Rewards Secured Credit Card annual fee?
The Bank of America Customized Cash Rewards Secured Credit Card has no annual fee ($0).
What does the Bank of America Customized Cash Rewards Secured Credit Card earn?
6% cash back in the category of your choice for the first year. 3% cash back in your choice category. 2% at grocery stores and wholesale clubs. 1% on all other purchases.
What credit score do you need for the Bank of America Customized Cash Rewards Secured Credit Card?
The issuer doesn't say; we'd class it as: built for no / limited credit. Checking your matches on CardFit never runs a credit check.
Does the Bank of America Customized Cash Rewards Secured Credit Card charge foreign transaction fees?
The issuer's page doesn't say. Check before using it abroad.
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Card details are collected from issuer websites and were last refreshed October 29, 2026. Source: Bank of America product page. Terms change often; confirm them with the issuer before you apply.