Does the Bank of America Cash Rewards Secured card do a hard pull? This question is about the Bank of America® Customized Cash Rewards Secured Credit Card

Does the Bank of America Cash Rewards Secured card do a hard pull?

This question is about the Bank of America® Customized Cash Rewards Secured Credit Card

Thom Fotenberg, WalletHub Credit Card Analyst

@thom.f • 09/10/21 This answer was first published on 08/19/20 and it was last updated on 09/10/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, the Bank of America Cash Rewards Secured card does a hard pull on your credit report when you apply. Even with the hard inquiry, you can still get approved for the Bank of America Cash Rewards Secured credit card with bad credit.

You can prequalify for the Bank of America Cash Rewards Secured card on Bank of America's pre-qualification page, which will not affect your credit score as it will be a soft pull. However, if you do prequalify and want to get the card, you will need to submit an actual application which will result in a hard pull.

A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage here.

Does the Bank of America Secured card do a hard pull?

Yes, the Bank of America Secured does a hard pull on your credit when you apply for it. This might hurt your score for a little while.

You can get this card even with bad credit, but if you want to make extra sure you're a good fit for it, check if you pre-qualify with only a soft pull.

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Does Bank of America have pre-qualification?

Yes, Bank of America does have pre-qualification. Bank of America has an online pre-qualification page where potential applicants can quickly check their odds of approval for certain Bank of America credit cards before they actually apply for one. Current Bank of America customers may also receive pre-qualified offers periodically by e-mail or when logging into their card’s online account. And in some cases, Bank of America will send people pre-qualified offers for a specific credit card...

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What are my Bank of America credit card approval odds?

Your Bank of America credit card approval odds are high if you have a credit score of 750 or higher in most cases. This means Bank of America credit cards usually require excellent credit for approval. You can also check for Bank of America pre-approval to get a better sense of your approval odds.

The Bank of America credit card with the highest approval odds is the Bank of America Custom Cash Secured Card, which you can get with bad credit. If you're in college, you may get...

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