Oh wow, that is a good deal! This sounds like a combination of their Cash Rewards card and their 99/500 counteroffer secured card. It’s usually one or the other, never heard of a rewards secured card before! I’ve heard of some people being offered the 99/500 secured card as a counteroffer when they are declined for an unsecured BoA credit card, but that offer doesn’t have rewards. Is your wife planning to apply for the rewards secured card?