Bank of America Cash Rewards approval odds are highest for applicants with a credit score of at least 750 and proof of a steady income. Bank of America will also consider other factors such as payment history, number of open credit accounts, and existing debt when reviewing an application for the Cash Rewards card. Generally speaking, the stronger your credentials, the better chance you have of being approved.
Before you apply for the Bank of America Cash Rewards card, you can check your approval odds using Bank of America’s pre-approval tool. If you don’t already have a Bank of America account, click “Continue without signing in,” then enter your name, birthdate, and Social Security number, and click “Continue.” Within seconds, you should see all of the Bank of America credit cards for which you’ll likely have good odds of approval.
Understand that if you are pre-approved, you will still need to apply for the Bank of America Cash Rewards card. Pre-approvals don’t guarantee you’ll qualify for the card, but the odds of getting approved are very much in your favor. Also, take note that checking for pre-approval won’t affect your credit score, as the process is done using a soft inquiry. Once you submit an application for a credit card, however, Bank of America will conduct a hard inquiry on your credit report. Hard inquiries will lead to a slight, but temporary dip in your credit score.
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