New Rule for New Credit Card Applications with Bank Of America

Bank Of America has a new rule for approvals of new Credit Cared applications. The rule went into effect in October 2017.

According to this new rule, you will only be approved for a maximum of:

• 2 new Bank of America cards within a 2-month period
• 3 new Bank of America cards within a 12-month period
• 4 new Bank of America cards within a 24-month period

The new rule unofficially called: BOA 2/3/4

Unlike the Chase 5/24 rule, this rule does not appear to consider cards from other banks. If your application goes pending and needs manual review, it is always possible that a human might additionally consider the number of accounts you have opened with other banks. Interestingly, business cards do not count towards this rule.

For a complete list of rules for approvals of new Credit Cared applications see the Unofficial Limitations for New Credit Card Applications blog post.