How To Apply For Bofa Credit Card

Air France Klm World Elite Mastercard

Annual fee: $89.

Sign-up bonus: For a limited time, you can earn 50,000 miles and a $100 statement credit after you spend $2,000 within the first 90 days of account opening.

Earning rate: 3 points per dollar on Air France, KLM and purchases with SkyTeam member airlines, and 1.5 points per dollar on everything else.

Why you should apply: Earning Flying Blue miles isnt difficult with the multiple airlines which are part of the program , but this card can help you top off your account. If you fly with airlines that earn Flying Blue miles frequently, its worth taking a look at this card to help you boost your miles balance.

Check For Offers On Cardmatch

While Bank of America is not currently offering prequalified offers on the tool, you can also search for cards from the issuer on CardMatch. With just some basic information and a soft pull to your credit score, CardMatch displays prequalified offers as well as other matches that are suited to your credit profile from all the top credit card issuers including Bank of America.

Even though any offers you see from Bank of America in CardMatch will not be prequalified, all of the cards you see when you use the tool are matched to your specific credit profile, so its a good way to see if you meet the target audience for a particular card.

Choosing A Bank Of America Credit Card

As with choosing a card from any other issuer, youll want to find the Bank of America card most suitable for you and your needs. For example, the Bank of America Travel Rewards for Students is a great choice for young adults who travel. Other student card options also exist for those who prefer cash back over travel rewards. Frequent non-student travelers will likely be better off with one of the banks numerous travel rewards cards, whichever of the co-branded cards fits best: Bank of America has co-branded cards with Air France KLM, Alaska Airlines or Amtrak.

The BankAmericard credit card and other Cash Rewards and Premium Rewards cards also offer benefits to those whose lifestyles and spending patterns best fit the reward structures these cards offer.

Don’t Miss: How To Receive Payment With Credit Card

Learn More Aboutcard Advice

See the online credit card applications for details about the terms and conditions of an offer. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty. When you click on the “Apply Now” button, you can review the credit card terms and conditions on the issuer’s web site.

As seen on:

Dont Qualify For The Signup Bonus

Wait to apply for a new card until you can meet the signup bonus spending requirements. If youre applying for a credit card you once owned, most banks require you to wait at least 24 months from account closing before you requalify for the signup bonus.

The one exception to this rule is American Express which only award the signup bonus once to each primary cardholder.

Unless you must have the ongoing card benefits now, being disqualified from the signup bonus can potentially mean you miss out in up to $1,000 in bonus rewards.

You May Like: Should I Close My Secured Credit Card

Prequalify On Bank Of Americas Website

You can also see if you prequalify for a Bank of America credit card on the BOA website.

If youre already a Bank of America customer, you can sign in to your online account to get personalized recommendations and offers. If youre not already a Bank of America customer, you can continue the preapproval process without signing in.

For customers who dont already bank with Bank of America, youll need to provide some basic information about yourself, including your name, address and Social Securing number.

Bank of America will ask you which types of credit cards youre interested in, including cash back credit cards, travel rewards credit cards and cards for building or rebuilding credit. You can then view personalized offers, review terms and details and apply online.

Best For Business Miles: Alaska Airlines Visa Business Card

• Best features: Your points wont expire and theres no limit on the amount you can earn. Theres also a free checked bag on Alaska flights, no cancellation fees if you change travel plans 60 or more days in advance and you can redeem points with different airline partners. Plus, Alaska also gives a Companion Fare each year the account stays open, a worthwhile perk.
• Biggest drawbacks: This card requires an annual fee of $50 per company, and $25 per additional card. Additionally, there are cases with limited seat availability and blackout dates. Alaska Airlines flight network is best suited for those who often travel on the West Coast.
• Alternatives: This card can still be a great deal for a business owner, but if you have more than one employee who needs their own card, youll want to consider a business card with a smaller authorized user fee. Some, like the Capital One Spark Miles for Business and The Blue Business® Plus Credit Card from American Express dont charge you anything for additional cards.
• Bottom line: Thanks to a healthy rewards rate and welcome bonus, this card makes it easy to earn miles for your business. Cardholders earn 3X miles on eligible Alaska Airlines purchases, plus 1X miles on anything else. Youll also be greeted with the opportunity to earn 40,000 miles plus Alaskas Famous Companion Fare from $121 after spending $2,000 in your first 90 days.

Read our Alaska Airlines Visa Business card review or jump back to this cards offer details.

Don’t Miss: How To Remove Credit Card From Grubhub

Bank Of America Business Advantage Customized Cash Rewards Mastercard

Annual fee: $0.

Sign-up bonus: $300 statement credit after you spend $3,000 on purchases in the first 90 days of account opening.

Earning rate: 3% cash back in the business category of your choice and 2% on dining , and 1% on all other purchases.

Why you should apply: Just like the personal version of this card, the Bank of America Business Advantage Customized Cash Rewards Mastercard allows you customize your rewards structure to fit your needs. The available 3% bonus categories include gas stations, office supply stores, travel, TV/telecom and wireless services, computer services and business consulting services. For those with business credit cards who need the flexibility to switch the 3% cash-back category each month, this is a one-of-a-kind option.

___________________________________________________________________________

Maximizing Bank Of America Preferred Rewards

Its no secret that Bank of America favors cardholders with whom it has banking relationships. This is less than ideal for anyone who keeps their money with other banks, but you can take advantage of a number of perks and benefits if you are a Bank of America customer who qualifies for the Preferred Rewards program. You can read all about the program here, but to qualify youll need:

• An eligible Bank of America personal checking account.
• A three-month average combined balance of $20,000 or more in a Bank of America account and/or Merrill investment accounts.

If you meet these requirements, your earning rates become significantly higher.

If you qualify for Platinum Honors, youll be earning 3.5 points per dollar on dining and travel, plus 2.62 points per dollar on all other purchases with the Bank of America Premium Rewards card. A 2.62% return makes that card one of the best options for non-bonus everyday spending.

The good news for those who currently have Preferred Rewards status is that you dont have to worry about maintaining your balance right now. Bank of America recently sent out email updates to Preferred Rewards members stating that theyve temporarily suspended their annual program review process. This means anyone with status right now should continue to receive the same level of benefits, even if you drop below the minimum balance requirement. They are still allowing people to qualify for tiers, though.

Also Check: How Do I Put My Credit Card On My Phone

Boost Your Chances Of Getting A Prequalified Offer

If you check CardMatch, the Bank of America site and your mailbox only to find you havent been targeted for the card youre interested in dont worry. You can work to improve your credit score and then try again before submitting your application.

Do this by making consistent, on-time payments on your other accounts and keeping your low. If you have a limited credit history, you can also consider signing up for a or asking a family member to add you as an authorized user on another account.

Best Cash Back: Bank Of America Customized Cash Rewards Credit Card

Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.

• Why We Chose This Card:
• Pros & Cons:

We selected the Bank of America Customized Cash Rewards card as the best cash back rewards option from Bank of America because of its lucrative cash back rate on purchases and simple statement credit, check, or gift card redemption options. The card offers bonus earnings on a category of choice as well as enhanced earnings on grocery purchases, with a base rate on all other purchases.

• New cardholders earn a bonus offer easily

• No annual fee

• Fairly generous introductory 0% APR offer

• Spending caps on premium rewards earnings

• Limited redemption options

Read the full Bank of America Customized Cash Rewards credit card review

Recommended Reading: How To Pay Gas Bill With Credit Card

Review Your Credit Report And Dispute Inaccuracies

Lenders use your credit report and credit score to determine whether or not your application for a credit card should be approved.

If there are any negative errors on your credit report, it can hurt your credit score and make it more difficult to qualify for financial products like credit cards.

You should carefully review your credit report on a regular basis and dispute any inaccuracies with credit bureaus.

Best No Annual Fee Travel: Bank Of America Travel Rewards

25,000 bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel and dining purchases.

• Why We Chose This Card:
• Pros & Cons:

We rate the Bank of America Travel Rewards card as the best no annual fee travel card because of its generous rewards on all purchases and excellent bonus opportunity. Its travel redemption options and its lack of annual fee or foreign transaction fees also helped it to earn this top spot.

• Earn points on every purchase with no spending caps

• No annual or foreign transaction fees

• High-net-worth Bank of America and Merrill customers receive points bonuses

• Rewards rates are relatively modest

• Reward points can’t be transferred

• Premium travel benefits aren’t included

Read the full Bank of America Travel Rewards credit card review

Recommended Reading: How To Use Credit Card Airline Miles

What To Do If Bank Of America Denies Your Request

If you are ultimately denied a Bank of America credit line increase, here are some options to help you get the additional credit you need:

• Wait six months, then make another request: If you plan to request another credit limit increase with Bank of America, wait at least six months .
• Request a credit limit increase with a different card issuer: Some lenders are more strict about issuing credit limit increases than others. If Bank of America does not grant your credit limit increase request, you might be able to increase your credit limit through another credit card issuer.
• Apply for a new credit card: Sometimes the best way to increase your overall credit limit is by applying for a new credit card. Whether you apply for a top rewards credit card or a card that offers easy approval, a new credit card can increase the amount of credit available to you . If your credit isnt that great, consider applying for a .
• Consider a balance transfer credit card: If your Bank of America credit card balance is so high that youre worried about going over your credit card limit, you might want to apply for a balance transfer card. The best balance transfer credit cards offer a 0 percent introductory APR on balance transfers for 15 to 18 months, which can help you pay down your outstanding credit card balances without the burden of added interest.

What Is Your Current Credit Limit

First and foremost, you should know what your current credit limit is. You can usually find your Bank of America credit limit by checking your monthly credit card statement or logging into your online account.

Once you find this information, take the time to compare your credit limit to your available creditor the amount of credit you have leftover after you subtract your credit card balances. If you have very little available credit left, your chances at a Bank of America credit line increase are much slimmer. With that in mind, consider paying your balances down before asking for a larger credit line.

Read Also: How To Keep Up With Credit Card Payments

Are You Going To Carry A Balance

If you ever plan on carrying a balance on your credit card, is extremely important because it determines how much interest you pay. Variable APRs differ from card to card but usually fall between 17 and 30 percent based on creditworthiness. Some cards also offer an introductory APR period when you first sign up for the card, which can help you pay off large expenses with a temporary break from paying interest.

Bank Of America Travel Rewards Credit Card

Our pick for: Travel + no annual fee

One of the best no-annual-fee travel cards available, the Bank of America® Travel Rewards credit card gives you a solid rewards rate on every purchase, with points that can be redeemed for any travel purchase, without the restrictions of branded airline and hotel cards. Bank of America® has an expansive definition of “travel,” too, giving you additional flexibility in how you use your rewards. Read our review.

Read Also: How To Negotiate Down Credit Card Debt

Bank Of America Customized Cash Rewards

How to apply for credit card in bpi

The first credit card that is worth our attention is customized cash by Bank of America. Obviously, when a card is coming from one of the major credit bureaus, you can be sure it will be a secured credit card with many interesting offers. And the main advantage of this card is huge cashback. With this card, you can receive 3% cashback on your preferred category , 2% on grocery store purchases, and 1% on all other purchases.

Check For Offers On Bankrates Cardmatch Tool

Bankrates CardMatch tool takes less than 60 seconds to use and quickly matches prospective borrowers with that match their credit scores and borrower profiles.

To get started, youll need to fill out a few quick personal details, including your name, address, phone number and Social Security number.

Once you provide this information, Bankrate will display card offers from top credit card issuers like Bank of America.

These offers are custom-matched to your unique borrower profile, which increases the likelihood that your application will be approved. You can find more information on how to use CardMatch in Bankrates guide.

Read Also: What Airline Credit Card Is Best

How To Set Up Bank Of America Credit Card Autopay

In order to set up automatic payments, you will need to enroll in Bank of Americas eBills system. This is as simple as adding your credit card as a payee for your Bank of America account , then selecting Request eBills from the Bill Pay tab and following the instructions provided. You will be given an option to Add AutoPay or Set Up Autopay for your specific credit card accounts. You can set up AutoPay in a web browser or through the mobile app.

Heres How To Get Bank Of America To Pre

Youll now be able to see any cards that Bank of America thinks youd be a good candidate for. If you got a pre-qualification letter in the mail, you can either fill out the enclosed application, or use the special code provided when you apply online to flag your application as pre-qualified.

Recommended Reading: How Do I Get Money From My Credit Card

What Is Your Credit Score

Its a good idea to check your credit score before requesting a credit limit increase from Bank of America, and this is especially true if you arent sure whether or not you have good credit. If your credit score is lower than youd like it to be, take the time to build your credit before making a credit limit increase request. Doing so might make the difference between whether or not your request is accepted.