What are my Bank of America Cash Rewards approval odds?

The Bank of America® Cash Rewards credit card credit score requirement is 750 at a minimum. That means applicants for the Bank of America® Cash Rewards credit card need excellent credit to be approved. A few people report being approved with lower scores but that’s not typical. The Bank of America® Cash Rewards credit card shares the same credit score requirement as a number of other BofA cards. Those include the … read full answerBankAmericard® credit card, the Bank of America® Premium Rewards® credit card and the Bank of America® Travel Rewards credit card.

An excellent credit score does not guarantee you’ll be approved for the Bank of America® Cash Rewards credit card. But it is a key factor when reviewing the application. Bank of America will also consider annual income, employment status, monthly mortgage/rental payment, current debt, payment history and more.

If you meet the Bank of America® Cash Rewards credit card credit score requirement and are approved, you’ll earn 3% cash back on the category of your choice and 2% cash back at grocery stores and wholesale clubs, up to $2,500 spent each quarter. You’ll also receive a $200 bonus for spending $1,000 in the first 90 days. In addition, there’s an introductory APR of 0% for 12 billing cycles on purchases and 0% for 12 billing cycles on balance transfers. The card has a $0 annual fee.

Bank of America® Cash Rewards credit card credit score and other requirements:

• Minimum credit score: Good.
• Other factors: Annual income, employment status, existing debt, payment history, monthly mortgage or rental payment and more.
• Minimum age: 18 years old for U.S. citizens. Must provide proof of independent income to make monthly payments, or have a co-signer 21 years or older.
• Personal information: Includes name, address and birthdate. Must give a physical address, not a P.O. Box. You will also need one of the following: A Social Security number (SSN), a passport or an Individual Tax Identification Number (ITIN).

There are other Bank of America cash rewards cards with their own credit score requirements. Business owners will need an excellent personal credit score in order to have a decent chance of being approved for the Business Advantage Cash Rewards Credit Card. The Business Advantage card offers 3% cash back on your choice of one of the offered categories which include gas stations and office supply stores up to $50,000 spent per year.

If you’re a student with limited credit, you’ll have good odds of being approved for the Bank of America® Cash Rewards Credit Card for Students. It has a similar rewards structure as the regular Bank of America® Cash Rewards credit card. It offers 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. It also offers a $200 bonus for spending $1,000 in the first 90 days.

Your Bank of America credit card approval odds are best if you have a credit score of 750 or higher. Most Bank of America credit cards require excellent credit for approval. You can also check for Bank of America pre-approval to get a better sense of your BofA credit card approval odds.… read full answer

The Bank of America credit card with the highest approval odds is the Bank of America Secured Credit Card, which you can get with bad credit. If you’re in college, there’s a very good chance you’ll be approved for one of the Bank of America student cards.

In general, your chances of being approved for a Bank of America credit card depend on your credit standing, income and debt, as well as which card you apply for. Bank of America will also consider things like your employment status and how many credit accounts you have open.

Here’s what you need for good Bank of America credit card approval odds:

• Bank of America Secured: $300 security deposit (no minimum credit score)
• BankAmericard for Students: Fair or limited credit, enrollment in a college or university
• Bank of America Cash Rewards for Students: Fair or limited credit, enrollment in a college or university
• Bank of America Travel Rewards for Students: Fair or limited credit, enrollment in a college or university
• Bank of America Cash Rewards: Excellent credit (750+ credit score)
• Bank of America Travel Rewards: Excellent credit (750+ credit score)
• Bank of America Premium Rewards: Excellent credit (750+ credit score)
• BankAmericard: Excellent credit (750+ credit score)

If you want the best Bank of America credit card approval odds, be sure to always pay your bills on time. And only use 30% or less of your available credit on any other cards you may have.