3/10/2024 0 Comments Money network card bank of americaIf you want a tiered or flat-rate rewards card, and whether the tiered rewards rate would align with your spending.Your credit score, which affects eligibility for different cards. ![]() When trying to decide which credit card to choose, consider: Choosing the best Bank of America card for youīank of America has many consumer and small business credit cards, and no one card stands out as the best option for everyone. Submitting a Bank of America credit card application will also generally result in a hard credit inquiry, which might hurt your credit scores a little.īefore applying, review the top Bank of America credit cards and read reviews of different cards to see which one will likely be the best fit. You can submit an application for a Bank of America credit card on their website, in person at a branch or over the phone. And, even if you are, that’s still not a guarantee that your application will be approved. You don’t need to get preapproved or pre-qualified before applying for a Bank of America credit card. How to apply for a Bank of America credit card even without preapproval You’ve found the card you want, but what’s next? Here’s how to apply for a credit card. Calling could be the better option because you might be able to quickly share the required information to get approved. You can check the status of your Bank of America credit card application online, or by calling the bank at 86. Checking the status of your BoA preapprovalīank of America reviews and approves or denies many credit card applications in under 60 seconds, but sometimes it may need more time or information. Unlike preapproved credit card offers, pre-qualified offers aren’t a firm offer of credit and the card issuer can deny your application even if your credit doesn’t change.īut both preapprovals and pre-qualifications result in a soft credit check, the type that doesn’t affect your credit scores, so there’s little downside to trying. Bank of America may also show you other credit card offers. Once you click “show me my offers,” you might see the top card that Bank of America recommends and its welcome bonus. What kind of credit card you want (cash back, travel, build credit etc.).The last four digits of your Social Security number. ![]() Or, you can continue without logging in and complete a two-step process that asks for your: There, you can log in to your Bank of America account if you’re a customer and then select which type of card you want. However, unlike preapprovals, you can start the pre-qualification process on your own.įor example, you can try to pre-qualify for a credit card by visiting Bank of America’s personalized credit card offers page. Pre-qualifications are similar to preapprovals in that they can tell you if you’ll likely get approved for a credit card. If waiting doesn’t sound ideal, you can use an online pre-qualification form to try to get matched with a credit card from Bank of America. They’re not a sign that you’ll likely qualify, and you might receive them even if you opted out of preapproved offers. Unlike preapproved credit card offers, these are simply advertisements. If you previously opted out, you’ll need to opt back in before receiving preapproved credit card offers.Ĭredit card issuers or websites may also send invitations to apply for a credit card. You also have the right to opt out of preapproved credit offers. If you receive an offer, it might have an offer code that you can add to your application to receive the promotional offers that will come with the preapproval. You’ll have to wait for Bank of America to send you a preapproved credit card offer. How to secure your preapproval for a Bank of America credit card If you’re preapproved for a credit card, you will likely get approved if you apply unless there’s a change in the criteria that qualified you in the first place. Or, the credit bureau could look through its credit files for matches. In either case, the card issuer can then contact those on the resulting list to let them know they have been preapproved for their credit card. The card issuer might send the bureau a list of people, such as its current customers, and ask the bureau to screen the list for matches. The preapproval process typically starts when a credit card issuer works with a credit bureau to find candidates for their credit card based on predetermined criteria, such as a minimum credit score and specific geographic regions. What does credit card preapproval mean and how does it work?Ī credit card preapproval is when a credit card issuer extends you a firm offer of credit. In just a few minutes, you can find out whether you’ll likely get approved for a card without affecting your credit scores. ![]() If you’re considering applying for a new Bank of America credit card, starting with a preapproval or pre-qualification might be a good idea.
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