{"id":2192,"date":"2021-08-09T04:00:00","date_gmt":"2021-08-09T10:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=2192"},"modified":"2024-10-02T15:23:58","modified_gmt":"2024-10-02T21:23:58","slug":"bank-of-america-followup","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2021\/08\/09\/bank-of-america-followup\/","title":{"rendered":"Bank of America Followup"},"content":{"rendered":"<p><em>EDITOR&#8217;S NOTE: Since around Autumn 2024, sometimes applying for more than three cards leads to approvals that are subsequently converted into duplicate apps. The haphazard nature of recent data-points suggests that it&#8217;s probably only happening when an underwriting rep manually reviews something, so some luck is involved if you&#8217;re applying for a bunch of the same type of card.<\/em><\/p>\n<p>On Thursday I posted about a <a class=\"ek-link\" href=\"https:\/\/milesearnandburn.com\/index.php\/2021\/08\/05\/bank-of-america-on-our-minds\/\">Bank of America trick or two<\/a>. The post generated more questions than I thought, so let\u2019s talk about how Bank of America credit card applications work (maybe not officially, but this is how it works in practice):<\/p>\n<ul>\n<li>Bank of America will only make one hard credit pull a day regardless of the number of applications made<\/li>\n<li>Personal cards will show up on your credit report once opened, business cards will not<\/li>\n<li>You <em>can<\/em> be approved for multiple versions of the same Business card on the same day, just use multiple businesses with multiple EINs<\/li>\n<li>Some business cards have a Visa and a Mastercard variant, and each is a separate product<\/li>\n<li>Having $5,000+ in a personal Bank of America checking account will help make business applications sail through the automated approval system<\/li>\n<li>As long as the credit line on a newly approved business card is greater than $5,000, you\u2019ll likely be approved for another business card so just keep going<\/li>\n<li>Existing business credit cards don\u2019t affect your ability to earn bonuses or to be approved for a new application with the same card<\/li>\n<\/ul>\n<p>Last week\u2019s post also laid out a quick plan for maximizing BoA credit card applications and I followed it over the weekend. Here\u2019s what I applied for<\/p>\n<ul>\n<li>A personal Alaska Visa (<a class=\"ek-link\" href=\"https:\/\/secure.bankofamerica.com\/apply-now-services\/credit-cards\/initialize-icai?requesttype=C&amp;productoffercode=TG&amp;locale=en_US&amp;campaignid=4053286\">67,000 points offer<\/a>)<\/li>\n<li>A Business Cash Rewards Mastercard for <em>business A<\/em> (<a class=\"ek-link\" href=\"https:\/\/secure.bankofamerica.com\/applynow\/initialize-workflow.go?requesttype=BCC&amp;campaignid=4051533&amp;productoffercode=MP\">$750 offer<\/a>)<\/li>\n<li>A Business Cash Rewards Mastercard for <em>business B<\/em> (<a class=\"ek-link\" href=\"https:\/\/secure.bankofamerica.com\/applynow\/initialize-workflow.go?requesttype=BCC&amp;campaignid=4051533&amp;productoffercode=MP\">$750 offer<\/a>)<\/li>\n<li>A business Alaska Visa (<a class=\"ek-link\" href=\"https:\/\/www.alaskaair.com\/content\/credit-card\/visa-small-business-card\">60,000 points offer<\/a>)<\/li>\n<\/ul>\n<p>Spoiler alert, I was approved for every one of them.<\/p>\n<p>Despite playing the game for over 10 years, I\u2019ve somehow never had a personal Alaska Visa. If I had, I\u2019d make sure it\u2019d been a few years since I applied or perhaps picked a different personal card. At the time of applying, I had one Business Cash Mastercard and one business Alaska Visa open, and I had closed a second business Alaska Visa the day before to up my chances for the shenani-go-round. (Why yes, I did just make that word up, why do you ask?)<\/p>\n<p>What\u2019s the takeaway? Go big with Bank of America credit card applications.<\/p>\n<div class=\"wp-block-image is-style-editorskit-rounded\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" class=\"wp-image-2193\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/08\/3233097_0.jpg.png\" sizes=\"(max-width: 630px) 100vw, 630px\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/08\/3233097_0.jpg.png 630w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/08\/3233097_0.jpg-300x300.png 300w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/08\/3233097_0.jpg-150x150.png 150w\" alt=\"A tee shirt that says &quot;Go big or go home&quot; with a drawing of a tricycle in the center.\" width=\"420\" \/><figcaption>Bank of America may be the tricycle of big-banks, but it\u2019ll take you places.<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>EDITOR&#8217;S NOTE: Since around Autumn 2024, sometimes applying for more than three cards leads to approvals that are subsequently converted into duplicate apps. The haphazard<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[54,62],"tags":[],"class_list":["post-2192","post","type-post","status-publish","format-standard","hentry","category-credit-cards","category-shenanigans"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/2192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=2192"}],"version-history":[{"count":9,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/2192\/revisions"}],"predecessor-version":[{"id":10435,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/2192\/revisions\/10435"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=2192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=2192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=2192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}