Bank Of America Credit Card Application Denied

If this reported rule is a reality it could greatly decrease.

Bank of america credit card application denied. Data from phoenix marketing international show 7 percent of all cardholders who applied for a card between the second quarter of 2016 and the first quarter of 2017 were denied. The ultimate guide to credit card application restrictions. Instead of waiting sometimes up to several days to learn whether your credit card application has been approved or denied you could try a credit card that provides instant approval. If you do not have a bank account with bank of america and you have opened 3 new cards in the past 12 months your application will be denied.

It appears that business credit cards do not currently fall under this rule but that certainly does not mean you re guaranteed to get approved if you ve over either of those limits. If you re denied on a credit card application for this reason you could always try calling and offering to open a cd. With a credit card offer that provides instant approval you ll receive an immediate decision on the status of your credit card application usually within minutes or even seconds. Find the credit card that s right for you and apply online today.

And bank of america has its own 2 3 4 rule where you can only get approved for two new cards in a 30 day period three new cards in a 12 month period and four new cards in a 24 month period. Your number of credit cards with bank of america can also doom an application. Explore a variety of credit cards including cash back lower interest rate travel rewards cards to build your credit and more. Additionally 2 percent of people who said their credit scores were higher than 750 also said they had been denied a credit card.