Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

It’s Now Harder to Earn the Sign-Up Bonus on Certain Bank of America Credit Cards – Here’s What You Need to Know

Signing up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.

It’s Now Harder to Earn the Sign-Up Bonus on Certain Bank of America Credit Cards – Here’s What You Need to Know

Meghan HunterIt’s Now Harder to Earn the Sign-Up Bonus on Certain Bank of America Credit Cards – Here’s What You Need to KnowMillion Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.

Bank of America recently implemented a new credit card application rule that will restrict the number of sign-up bonuses you’ll be able to earn on some of their credit cards.

Going forward, you won’t be able to get certain Bank of America cards if you’ve had the card in the last 24 months.  It’s similar to restrictions Citi has on certain types of credit cards.

For me personally, these changes aren’t a huge deal, as I find most of the best credit cards for travel are issued by other banks like Chase or American Express.  But here’s more about these changes and how they might affect you!  And be sure to subscribe to our newsletter if you want to stay up to date on the latest travel credit card news.

These New Rules Will Affect Everyone’s Ability to Apply for and Earn the Sign-Up Bonus on Many Bank of America Credit Cards

Bank of America Adds Credit Card Sign-Up Bonus Restrictions

The idea that nothing lasts in the miles & points world has been proven once again with these new restrictions from Bank of America.

The exact rules vary by card, so be sure to check the fine print when applying for any Bank of America card going forward.  But the rules regarding the Alaska Airlines Visa Signature credit card and the Bank of America Premium Rewards credit card are the most restrictive.

The terms of the Alaska card state:

This card will not be available to you if you currently have or have had the card in the preceding 24 month period.

And the terms of Premium Rewards card state:

This Premium Rewards card will not be available to you if you currently have or have had a Premium Rewards card in the preceding 24 month period.

Essentially, you won’t be eligible for either card if you currently have it or have closed it within the last 24 months.  Meaning you’ll have to wait 24 months after you’ve closed either of these cards to be eligible to earn the sign-up bonus again.

One interesting exception to these new rules is that they currently do NOT apply to the Alaska Airlines Visa® Business credit card.

Two other Bank of America Cards, the Bank of America Cash Rewards credit card and the Bank of America Travel Rewards credit card, have slightly different restrictions.

The Cash Rewards card’s terms say:

This Cash Rewards card will not be available to you if you currently have a Cash Rewards card unless you have had that Cash Rewards card for at least 24 months.

And for the Travel Rewards card:

This Travel Rewards card will not be available to you if you currently have a Travel Rewards card unless you have had that Travel Rewards card for at least 24 months.

In addition, Bank of America also has what is know as the “2/3/4 rule.”  The way it works is you can only be approved for 2 Bank of America credit cards every 2 months, 3 every 12 months, and up to 4 every 24 months.

Again, nothing lasts forever in the world of miles & points!  Will these new rules affect your credit card strategy going forward?

Want to learn the secrets of super cheap travel using miles & points?  Then subscribe to our newsletter and we’ll send them to you daily.

Hat tip:   The Points Guy

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

1comment

by Newest
by Best by Newest by Oldest

I see that it says in the terms and conditions for business credit cards – one bonus per business. Are their business credit cards churnable if you close and then apply for the same credit card at a later date, or if you have earned the bonus before under that business would you not be eligible?