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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Credit Cards
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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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Yea, they closed my card in a year because I forgot about it. Terrible payment system. I'm just glad I don't have to deal with them.
You'd take a hit after 7 years, but by then, your other accounts would be 7 years older. That's why (generally speaking) closing any one account won't affect people's credit score very much.
EDIT: I stand corrected. If the account was in good standing, it stays on your record for 10 years. If the account had adverse information, it stays on your record for 7 years.
https://www.transunion.
Please help me double check my reading and critical thinking skills...
But this credit card is good. It's the only no annual fee card that gives 3% CB on online purchases, which covers a lot
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Please help me double check my reading and critical thinking skills...
You can get around it by applying multiple cards, each card has a different preferred %3 category.
Keep in mind, BOA has lots of versions of this card which have the same rewards structure (World Wildlife, MLB, Susan G Komen, US Pride, regular Red card), and you can sign up for one of each if you really want to
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Well, they are neck and neck with wells fargo