Rumor: ANOTHER Card Issuer Getting Stricter With Approvals?

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

Rumor: ANOTHER Card Issuer Getting Stricter With Approvals?

Million Mile SecretsRumor: ANOTHER Card Issuer Getting Stricter With Approvals?Million Mile Secrets Team

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

Via Doctor of Credit, Bank of America may be growing less generous with their credit card approvals!

Rumor ANOTHER Card Issuer Getting Stricter With Approvals
Bank of America Issues the Alaska Airlines Card, Which Is Especially Valuable to Folks on the West Coast

Some folks are reporting Bank of America will soon be restricting folks to opening 3 Bank of America cards per rolling 12-month period.  And others seem to think the rule has already kicked in!

I’ll tell you why this is NOT a big deal for most.

Bank of America to Make Credit Card Approvals More Difficult?

In the past, folks could get the same Bank of America credit card every 30 days.  But a year ago, Bank of America changed their rules to every 90 days.

Now, we’re hearing rumblings of that rule tightening to 3 cards per rolling 12-month period, or 1 card every 120 days.  We don’t know for sure that it’s true, but multiple reports support the claim.

How Bad Is This News?

This change shouldn’t affect most folks.  Even if the rumor is true, Bank of America is still one of the most generous card issuers.  The only ones who will notice this rule are those who aggressively sign-up for Bank of America cards.

For example, Chase will NOT approve folks for most of their cards if they’ve opened 5+ cards from any bank (NOT counting Chase business cards and these other business cards) in the past 24 months.  And Citi restricts folks from earning the sign-up bonus from more than one card of the same “brand” within 24 months.

Bank of America is only restricting folks from earning 3 Bank of America credit card bonuses per year – instead of 4.  And there aren’t a lot of worthwhile Bank of America cards anyway.

Note:   Data points show that Bank of America business cards do NOT count against the rule.

Bottom Line

Bank of America may have a new rule to discourage folks from opening the same credit cards multiple times per year.  The rumored rule restricts folks to opening no more than 3 Bank of America card per rolling 12-month period.

Again, this rule is NOT confirmed.  But I’ll let you know if we hear something official!

If you liked this post, why don’t you join the 36,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Capital One® VentureOne® Rewards Credit Card

Capital One® VentureOne® Rewards Credit Card

  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn 1.25X miles on every purchase, every day and pay no annual fee. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at
  • Transfer your miles to over 12 leading travel loyalty programs
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases for 12 months; 14.24%-24.24% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
  • Miles won't expire for the life of the account and there's no limit to how many you can earn

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!


by Newest
by Best by Newest by Oldest

I had been kicked off for this 3+ months ago, even having a Platinum Reward status and 820 credit score. Bank Of America even refused to shift an existing credit from my other credit card that has a credit limit of $125,000.