Bank of America Customized Cash Secured Review 2026
Customized Cash Secured is worth comparing if the rewards, welcome offer, annual fee, APR, and approval fit match how you actually spend.
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Your card estimate
Net first-year value
First year
+$300
Rewards + bonus - fee - interest drag
Ongoing year
+$300
Excludes one-time welcome offer
SwitchWize take
Cash-back optimizer
Bonus value
See terms
Everyday rewards
1% cash back
Up to 3% in some categories
Annual fee
$0
APR
27.49%
Quick summary
What this card is, in plain words
Customized Cash Secured has no annual fee and a variable purchase APR of 27.49%. It earns 1% cash back on everything else, and more on 3 categories (the highest is 3% cash back on chosen category).
What to consider
- The APR is 27.49% and it can change. Interest on a carried balance is usually larger than the rewards.
Pros & cons
- No annual fee
- High regular APR (27.49%)
Derived from the current rate, fees, and terms we track for this product. Confirm the latest details on the provider’s site.
Card truth label
Terms that decide whether this card fits
Fees
What this card can cost you
- Annual fee
- $0
- Foreign transaction fee
- Not verified yet
- Balance transfer fee
- Not verified yet
- Cash advance fee
- Not verified yet
- Late payment fee
- Not verified yet
- Authorized user fee
- Not verified yet
Earning rates
What you earn, by purchase type
Chosen category
3% cash back
Groceries
2% cash back
Wholesale clubs
2% cash back
Everything else
1% cash back
Offer history
How today's bonus compares
Welcome offer needs verification
See terms
Observed Recently
12-month best
See terms
0 tracked observations
Signal
At or near tracked best
Last history update Recently
Best for
- People whose spending matches the rewards structure
- Applicants who can use the welcome offer responsibly
- Cardholders who pay in full
- People comparing net first-year value
Not for
- Carrying a balance long term
- Applying only for a bonus without a payoff plan
- Spending more to earn rewards
- Anyone who cannot meet issuer approval requirements
Decision checks
Apply only if these checks pass
$0 annual fee
27.49% variable
Verify spend requirement
Bank of America terms control approval, pricing, and rewards
How you earn
Caps, exclusions, merchant coding, and redemption values can change the real return. Verify issuer terms before applying.
If you carry a balance, compare payoff cost before rewards. Interest can erase rewards quickly.
The real value depends on category rules, caps, APR behavior, and whether you carry a balance.
Comparison set
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Questions
Common questions
What is the annual fee for the Customized Cash Secured?
The Customized Cash Secured has no annual fee, according to Bank of America's page checked Sep 21, 2026.
How do I earn rewards with the Customized Cash Secured?
3% cash back on chosen category; 2% cash back on groceries; 2% cash back on wholesale clubs; 1% cash back on everything else.
What is the APR on the Customized Cash Secured?
The purchase APR is 27.49%, and it is variable. Your rate depends on your credit.
Sources
Where these figures come from
Fees and APR, Earning rates
https://www.bankofamerica.com/credit-cards/products/cash-back-secured-credit-card/ · checked Sep 21, 2026
Earning rates
https://www.bankofamerica.com/credit-cards/ · checked Jun 21, 2026
We could not verify the foreign transaction fee, balance transfer fee, cash advance fee, late payment fee, authorized user fee for this card yet, so we do not show a figure.
Bottom line
Is Customized Cash Secured worth it?
Customized Cash Secured is worth comparing if the rewards, welcome offer, annual fee, APR, and approval fit match how you actually spend.
Worth it if: People whose spending matches the rewards structure
Skip it if: Carrying a balance long term