Hello Billy and welcome to the forums.
Yes, I can confirm that the BoA secured card reports as “secured” on your credit report. At the beginning this bugged me a bit, but now I have to say it doesn’t anymore. As soon as I opened the account with BoA, my score went up almost 30 points, so the card really helped my credit even if it reports as “secured”. Plus, if you think about it after 9-12 months it will not say this anymore (if you treat it right). But most importantly, the BoA card will grow with you and I can’t say the same about Capital One. It was definitely a good card to start with, but I wouldn’t put more money on it knowing that I have to close it to get it back.
I used to have an unsecured BoA card, and it went from $500 to $2500 in just a couple of years. So I know BoA rewards you if you are a good customer. Unfortunately I was not an ideal customer back then and they closed my account. That’s why now I’m happy to have a card with them again, plus it’s a cash rewards secured card so I can’t complain.
I also considered Citi (I used to have an unsecured citi card as well, but now I’m rebuilding). I think that it’s probably similar to BoA’s card, in the sense that it wil unsecure and grow with you. Orchard looks like a good option as well, but I’ve never banked with them so I can’t really comment. I’ve heard good things though.