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Bank Of America Credit Cards, Types, Apply, Limit, Requirements | Complete Guide [2022]

Bank Of America Credit Cards, Types, Apply, Limit, Requirements | Complete Guide

Hello everyone, if you are searching to know about Bank Of America Credit Cards, Types, Apply, Limit, Requirements | Complete Guide [2022]? then you are at the right place to learn and gain full guidelines for Bank Of America Credit Cards, Types, Apply, Limit, Requirements | Complete Guide [2022]. Here we explain in a step-by-step process so that you can understand to clear your doubts.

What is a credit card?

A credit card is a form of credit facility that banks offer consumers to enable them to borrow money up to a pre-approved credit limit. Customers can use it to transact in the purchase of goods and services. The credit card provider sets the credit limit depending on variables like income and credit score.

 

Bank Of America Credit Cards

Bank Of America Credit Cards

Bank of America, one of the biggest card issuers in the Visa network, has around 4,200 outlets across the United States and offers cards for customers looking for travel and cash-back incentives, as well as student, cashback rewards, and business credit cards. Additionally, it provides cards with benefits for both balance transfers and travel.

We researched and evaluated each card to determine the best Bank of America credit cards for customers and businesses with various demands. Bank of America provides credit cards for every need, including that cash back, travel, and other expenses.

Bank Of America Credit Cards Types

You can find below some of the best credit cards from the Bank of America.

BankAmericacard Credit Card

The BankAmericard credit card is a very good credit card with 0% APR that’s valuable for customers with exceptional credit who can take advantage of interest-free finance for the first 21 payment cycles on new purchases as well as debt transfers made in the first 60 days. There is no yearly fee for the BankAmericard credit card.

Bank of America Travel Rewards Credit Card

Bank of America Travel Rewards Credit Card

For those who wish to earn bonus travel rewards and pay no annual fee, the Bank of America Travel Rewards credit card is a smart choice. It requires a credit score of 750 or above. In part, because it offers 25,000 points to online applicants who make a $1,000 purchase during the first 90 days, the Bank of America Travel Rewards card is worthwhile. Additionally, it offers a minimum of 1.5 points for every $1 spent on all purchases and charges no foreign transaction fees to all consumers.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card

For customers of Bank of America, this new business card may provide value that is unparalleled in terms of cash-back profits. You can gain up to a 25% to 75% increase in your rewards rate, based on how much money you keep in your eligible Merrill business investment accounts and Bank of America business deposit accounts, and you can earn an unlimited 1.5% cash back on all purchases.

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

The Premium Rewards card, which costs $95 annually, provides exceptionally substantial benefits and practical advantages, especially for current Bank of America customers who can be eligible for a rewards bump depending on how much money they have in a Bank of America account. As suggested by its name, this credit card offers generous benefits including unlimited 2X points on dining and travel purchases and 1.5X points on all other purchases. Additionally, it endorses a variety of travel advantages.

The card also has a competitive sign-up bonus that awards members 50,000 points after making $3,000 in purchases within the first 90 days.

Bank of America Unlimited Cash Rewards Credit Card

For those who wish to earn at least 1.5% cash back on all purchases and pay no annual fee, the Bank of America Unlimited Cash Rewards credit card is a fantastic option. It requires a credit score of 750 or better. Additionally, the card offers a $200 welcome bonus after spending $1,000 in the first 90 days after account opening.

Bank of America® Business Advantage Travel Rewards credit card

Your options for credit cards can be limited if you’re seeking worthwhile travel rewards without an annual fee. This card is one of the handfuls that meets those requirements and provides a higher points rate on everyday transactions. The Bank of America Business Advantage Travel Points World Mastercard credit card is perfect for frequent business travelers who enjoy using their rewards to pay for more travel.

Bank of America Premium Rewards Credit Card

Other Credit Cards Offered By Bank Of America

How To Get a Bank Of America Credit Card

Online applications or phone calls to customer care at (866) 751-1257 are the simplest ways to apply for a Bank of America credit card. As an alternative, you can submit an application in person by going to a Bank of America branch.

Regardless of the method, those applying for a Bank of America credit card must submit their name, phone number, address, email, SSN or ITIN, citizenship status, the nation of residence, and date of birth. In addition, Bank of America will inquire about your employment status, yearly income, source of revenue, and monthly house rent payment.

How to Apply for a Bank of America Credit Card

  • Online: Go to Bank of America’s credit cards webpage to submit an online credit card application. Simply click “Apply Now” to select the credit card you wish to apply for. Submit your application after providing the necessary information.
  • Call customer care at (866) 751-1257) if you’d like to apply for a credit card from Bank of America over the phone. You can connect to a live agent by pressing “1” when asked to do so.
  • At a branch: Finally, you can apply for a credit card in person by going to the Bank of America branch that is closest to you.

There are two extra choices you can make while completing a Bank of America credit card application. If you are given permission, the initial step is to transfer a balance to the card. If you select this option, you must specify which account and how much money you wish to transfer.

Additionally, you can change the card’s permitted users. You must give the user’s name, relationship to you, phone number, address, and date of birth. Although it’s not required, it’s a good idea to include the user’s SSN because doing so can help the credit bureaus report the user more quickly.

What to do After Submitting a Bank of America Credit Card Application

After submitting your Bank of America credit card application, you might get a response right away, but it normally takes two business days. Customer service says that, in very uncommon circumstances, it can take up to a month to learn if you’ve been accepted or rejected.

The card should be delivered in 10 business days if you are authorized for it. Requesting expedited delivery (within 1 to 3 business days) over the phone with customer care at (855) 307-3887 may incur additional costs.

Finally, remember that by completing your application, you are authorizing Bank of America to pull a paper copy of your credit report. This will temporarily lower your credit score.

Bank of America Credit Card Application

Requirements & Eligibility For Bank of America credit card

You must be a resident of the United States and at least 18 years old in order to qualify for a Bank of America credit card. Non-resident people can only apply for specific Bank of America credit card offers in a nearby Bank of America financial center. Furthermore, you have to consent to Bank of America obtaining a duplicate of your credit record and work history.

  • Age: The minimum age requirement for applicants is 18. The CARD Act highlights the need that applicants under 21 must be able to demonstrate that they have a reliable source of income that is sufficient to cover credit card payments. You can add yourself as an authorized user on someone else’s Bank of America credit card account if you are younger than 18.
  • U.S Residence: Online candidates must be citizens of the United States. Non-resident aliens can apply by visiting their neighborhood Bank of America financial center or by calling (800) 932-2775.
  • SSN/ITIN: Social Security Numbers and ITINs are required for online applications. You must go to a Bank of America financial center to apply with an ITIN. Additionally, you can make a specialist appointment in advance.
  • Financial and personal data: Applicants must submit financial and personal data, including their name, phone number, address, email, citizenship status, country of residence, and date of birth. Additionally, Bank of America requests financial details including work status, yearly salary, and monthly housing payments. source of income.

Be sure to fill out every field on your application with truthful, correct information. It is unlawful and considered fraud to intentionally provide false or deceptive data on a credit card application.

Frequently Asked Questions [FAQs]

What is the Bank of America credit card requirements?

You must be a resident of the United States and at least 18 years old in order to qualify for a Bank of America credit card. Only local Bank of America financial centers are the only places where non-resident people can apply for specific credit card offers from Bank of America. 

What are my chances of getting a Bank of America credit card?

If your credit score is 750 or above, you have the best chance of being approved for a Bank of America credit card. The majority of Bank of America credit cards demand excellent credit to be approved. 

How long does it take to get approved for a Bank of America credit card?

Approval for a Bank of America credit card may take as little as one minute, but it may also take up to 30 days in some circumstances. But if a decision isn’t made right away, it usually comes within a few days for most candidates.

What is the limit on a Bank of America credit card?

The BankAmericard credit card credit limit varies depending on each applicant’s creditworthiness; several users have reported initial credit limits ranging from $1,000 to $15,000 in some internet forums.

What credit score is needed for a Bank of America credit card?

Bank of America® business credit cards often needs exceptional credit ratings (720+) in contrast to other small-business credit cards that accept decent credit scores (690 to 719 FICO).

Does Bank of America verify income?

Bank of America is unlikely to request additional proof as long as you supply accurate data. However, the bank can demand proof if you claim to earn $1 million annually.

How can I increase my credit score quickly?

The quickest strategies to raise your credit score are to pay off your bills, challenge inaccurate information on your credit report, pay more frequently, and limit your credit usage.

What are the 3 types of credit cards?

Fortunately, the majority of cards fall into one of three primary categories depending on the services they provide: low-interest credit cards, balance transfer cards, Rewards, and credit-building cards.

What is Bank of America’s maximum credit limit?

$95,000 is the maximum “Bank of America” credit limit.

What is the average Bank of America credit card limit?

The average credit limit on a Bank of America credit card is between $1,000 and $10,000. 

Is Bank of America hard to get a credit card with?

It’s not difficult to be approved for a Bank of America credit card as long as you meet the credit score criterion and a few other criteria. You must be at least 18 years old, as with other credit cards, and have a reliable source of income. Additionally, you’ll require an SSN or ITIN.

The Conclusion

Bank of America is the second-largest bank in the world and the second-largest in the United States. A credit card can be an effective financial tool when used responsibly. You can start investigating the different sorts of credit cards that will best suit your needs and educating yourself on how to use credit to your advantage in order to reach your long-term objectives.

Thanks for Reading.