Easiest Bank of America Card to Get Approved For in 2024 (2024)

FAQs

Easiest Bank of America Card to Get Approved For in 2024? ›

The Bank of America® Customized Cash Rewards Secured Credit Card is the easiest Bank of America credit card to get because you can get approved with bad credit. This means the odds of approval are good even with a credit score below 640.

One of the best Bank of America credit cards for bad credit is the Bank of America® Customized Cash Rewards Secured Credit Card because it offers 1 - 3% cash back on purchases. The Bank of America Custom Cash Secured Card also has a $0 annual fee. This card requires a $200+ security deposit.

The U.S. Bank Cash+® Visa® Secured Card is easy to get, even with poor credit or no credit, because it is a secured credit card and requires an upfront deposit. But unlike many other secured credit cards, it has a generous rewards structure.

The Discover it^® Secured Credit Card is our top pick for easiest credit card to get because it's geared toward those with limited/poor credit.

Bank of America gives instant approval on its credit cards, but only some of the time. Instant approval always is possible when applying for a Bank of America credit card online, though getting approved for an account immediately is never guaranteed.

It can take as little as a minute to get approved for a Bank of America credit card, but it can also take up to 30 days in some cases. Most applicants, however, receive a decision within a few days if they don't get one instantly.

You need a credit score of 750 or higher for the best Bank of America credit card offers, though other options are available for people with lower scores. For example, it is possible to get approved for certain Bank of America credit cards even if you have bad credit.

Bank of America application restrictions

According to cardholder reports, Bank of America uses a 2/3/4 rule: You can only be approved for two new cards within a 30-day period, three cards within a 12-month period and four cards within a 24-month period.

What score model was used to calculate my score? Your score in Online Banking is a FICO^® Score 8 based on TransUnion Data to manage your account and that is what Bank of America shares with you. FICO^® Scores consider five main categories of information from your credit report.

Is there a credit card that approves everyone? ›

First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.

How Accurate Is Bank Of America Credit Card Preapproval? While it's not technically guaranteed that you'll be approved for a credit card just because you've cleared the preapproval hurdle, it is a pretty strong indicator.

What is an instant approval credit card? With an instant approval credit card, you can typically receive a response to your application within minutes. But whether you're approved or denied will depend on various requirements set by the issuer, such as income, credit score, housing payments and more.

Consider a secured credit card

A secured credit card requires that cardholders put down a deposit, which acts as collateral if they're ever unable to make payments. The Discover it® Secured Credit Card is one such option, requiring a security deposit of $200.

The easiest credit card to get with bad credit (a credit score of 300-639) is a secured credit card with no credit check such as the OpenSky® Secured Visa® Credit Card or the OpenSky® Plus Secured Visa® Credit Card. This type of card requires a deposit but doesn't check your credit history, making it very easy to get.

Some of the easiest unsecured cards to get approved for are the Indigo® Mastercard®, Mission Lane Visa® Credit Card and Milestone® Mastercard®. While these cards are geared toward people with bad credit and have easy approval odds, they tend to charge high fees and interest, which can make building credit costly.

The Bank of America card that gives the highest credit limit is the Bank of America® Customized Cash Rewards credit card, which has a reported maximum limit of $95,000. Your individual limit will be determined based on your credit history, income, outstanding debts, and other factors.

Factors that often result in a denial include: Too many recent hard credit inquiries. Lack of any banking or investment accounts with Bank of America. Too many existing Bank of America credit card accounts.

It is likely Bank of America will make a hard inquiry on at least one of your credit reports. To get a good idea of whether or not you should risk a hard inquiry, attempt Bank of America's pre-approval process. A preapproval will not normally make a hard inquiry against your credit.