Bank of America Secured Credit Card: Repair, Restore and Improve Your Credit
Bank of America Secured Credit Card: Great Memories
Just in case I forgot to mention it, talking about credit just so happens to be one of my favorite subjects to talk about. I love the subject of credit so much because I have witnessed the transformation of so many lives as a result of credit.
Also, secured credits reminds me of a time when I managed a bank near downtown. With secured credit, you can build a solid credit card history by using a Bank of America secured credit card.
Loving Bank of America Secured Credit Card
Bank of America offers secured credit cards with a credit limit between $300-4900.
Bank of America Secured Cards Facts
- Security Deposit: With a Bank of America secured credit card, you will be required to make a deposit equaled to the amount of your credit card.
- Here’s a Example: If you make a security deposit of $1000, your available credit limit would be $1000.
Credit Bureau Reporting
Bank of America Secured Credit Cards
- Offers convenient ways to pay ( i.e. online, in person and by phone)
- Does not charge excessive fees
Also, secured credit cards allow consumers to establish, build and restore credit.
And, using your secured credit card wisely helps to build a solid credit history.
The best ways to effectively manage a secured credit card involves:
- Paying on Time
- Not charging above the available balance
- Keeping track of credit card charges
Credit Status Influences Everyday Life
Needless to say, if you are looking to rent an apartment, buy a home or purchase a car, good credit is required.
In addition, your credit history can potential impact job promotions.
As a matter of fact, credit score not only impact your ability to purchase homes and cars.
In a like manner, FICO Scores determine the amount of insurance rates for home owner’s insurance and automobile policies.
Important to Realize, Credit is All Around Us
If you are like most people these days, you have experienced hardships and financial set-backs at no fault of your own.
A corporate down-size or loss of income due to the death of a loved one may have left you feeling financially stress.
Whatever the reason for problems with credit, it is important to build a good credit history.
Good credit will open doors of opportunity and allow you to take advantage of incredible financing options.
If you need to rebuild, restore or simply build a good credit history, a secured credit card is the right solution for you.
- Many people have used a secured credit card to build a good FICO Score.
Start securing your financial future today with a secured credit card. Good credit is in your future.
- Secured Credit Cards
- Credit Cards
- Test Your Credit Knowledge
- Ways to Protect Personal Information
- Identity Theft Video
Free Banking Career Tips
Free interview tips and resume help. Subscribe to get our latest content by email.