Update: This popular deal is still available
Bank of America is offering a $200 cash rewards bonus offer after you make at least $1000 in purchases within the first 90 days of account opening with their Bank of America Customized Cash Rewards credit card. There is no annual fee.
Thanks to community member ToMaToSauces for finding this deal.
Slickdeals may be compensated by Bank of America.
Original Post
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Edited September 28, 2021
at 08:36 AM
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Bank of America is offering a
$200 cash rewards bonus offer after you make at least
$1000 in purchases within the first 90 days of account opening with their
Bank of America® Customized Cash Rewards credit card. There is no annual fee.
Slickdeals may be compensated by Bank of America.
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Bank of America - Bank Advertiser
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- You can only get approved for 2 new cards in a 30-day period
- You can only get approved for 3 new cards in a 12-month period
- You can only get approved for 4 new cards in a 24-month period
Apparently it only looks at BofA cards. Where as the Chase 5/24 rule looks at any credit card issued to you, regardless of which company issued it to you.
Edit: Adding the 7/12 and 3/12 rules for BofA higher up to this comment.
"7/12 and 3/12 rule"
"According to this rule, customers with a BofA deposit account will not be approved for new cards if they've opened seven cards (across all issuers) in the last 12 months, while customers without a BoA deposit account will be rejected if they've opened three or more cards in the last 12 months."
Source: https://thepointsguy.co
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Credit score 790
Opened 2 credit cards in the past 12 months ! none of which are BOA
It says rejection reason will be stated in the letter they are sending me
Experience: Never had credit til 6 years ago and now have near or over an 800 score with all 3 bureaus.
Pretty sure it does, lookup benefits. They somehow hit me with an all too common foreign transaction fee on numerous PayPal payments and <1% don't register as .com is my fee months review of the card.
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Twice I've had to call in because they didn't mark my online purchases as such. This time they sent me a disclaimer about what's not included in "online purchases". Crock! I could have used Citi and gotten 5%. BofA owes me.
Their website is absolute garbage. It took me hours to get my online account set up.
Their reps hang up 5 seconds into the call after you're on hold for 20 minutes waiting for them. Their reps won't transfer when you request a manager. I'd much rather deal with Citi's overseas reps than BofA's nasty ones. They say their location when they answer and it's always "cringe" when you get a certain state. Side note, the upstate New York reps are extremely helpful, friendly, and professional however!
Oh yeah, who wants their location sent out to gvt agencies ?????????????????!!! Say what!
I believe you can only if the branding is different. The special editions of this card are counted separately (e.g. Susan G. Komen edition).
I have two identical (different account numbers, of course) BofA Cash Back Visas. Both were opened in person at physical branches, several years apart.
The only reason I actually have both of them is that I received a call from my local branch telling me that all of the credit card accounts like mine were being automatically closed soon because a change in Federal regulations required B of A to update account terms and updating terms of an account required accounts to be closed. Of course that sounded highly suspect to me, since I've had terms of other accounts change all the time, but the rep said if I didn't make an appointment and come in to open a new replacement Visa card, I would be left without a credit card when my existing card automatically closed.
Of course, I didn't want to be left without a card so I went in for my appointment. Despite my suspicious questioning, the bank *still* insisted that this whole regulatory/account closing thing was happening. I asked if my new card could at least be a MasterCard (so that I could take advantage of MasterCard-specific deals *and* Visa deals, if I got stuck with both accounts when, as I knew would happen, my original account never magically closed), but I was told that, no, I would have to open a new Visa account in order for it to be considered a migration of my old closed account instead of a new account on my credit report. Sure sounds like it should just be a reissued card but okaaayyy.
Speaking of my credit report, as I questioned the B of A customer service reps at the branch about this odd regulatory forced account closing new account opening scheme I mentioned that forcing customers to do this if the bank was going to close their old accounts would actually lower their credit scores and I was assured that it would not. I had to point out that it would lower their average credit age to close an existing account and add a new credit account with an age of zero months, after which the customer service supervisor walked away, LOOKED INTO IT, came back and told me that I was right.
Side note: These online deals like this one about getting cash if you spend so much money in the first X number of months? They can totally do those in the branch even if they don't know how to enter it in the computer they just have to find the right code or whatever.
Side note 2: I let Visa know what B of A pulled and they were not happy.
So guess what happened after I opened that new identical Visa card?
I have two identical BofA Cash Back Visas. Both were opened in person at physical branches, several years apart.
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