Bank of America Secured Visa® Platinum Card
Bank of America routinely offers credit cards with exceptional cardholder benefits and services. For individuals with less than perfect credit, or limited credit histories, it can be difficult to obtain an unsecured credit card. In some cases, it's not only difficult, but downright impossible! If you find yourself in this situation, you may want to consider the Bank of America Secured Visa Platinum Card as an option.
Secured credit cards often have ridiculous fees that add up to about as much as your credit line! The Bank of America Secured Visa Platinum Card however, has a very low annual fee, and does not charge an application fee or transaction fee for purchases like most other secured credit cards which helps you save money.
You are required to make an initial deposit of at least $300 to establish your account.
The average secured card doesn't offer cardholder benefits; but Bank of America offers additional cardholder perks even through it's Bank of America Secured Visa Platinum Card. When you become a cardholder and use your Secured Visa to make travel arrangement purchases, you'll receive auto rental insurance coverage, as well as travel and emergency assistance coverage. You are not held liable for unauthorized or fraudulent transactions, and the card offers purchase protection as well as purchase replacement coverage.
Additional benefits to Bank of America Secured Visa Platinum Cardholders is the ability to receive convenience checks at no charge, Total Security Protection, and access to Photo Expressions- which allows cardholders to add their favorite photos to their credit card.
As you make payments and use your Bank of America Secured Visa Platinum card responsibly, you may be entitled to upgrade to an unsecured credit card. This is a good way to re-build your credit and improve your ability to access better credit products. Review Date: 3/31/2008
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