Chip Lupo, Credit Card Writer
@CLoop
You need enough income to afford monthly bill payments on a Bank of America credit card. Bank of America does not disclose specific minimum income requirements for its credit cards, but the higher your income is, the more likely you are to be approved.
Key Things to Know About Bank of America Credit Card Income Requirements
- The income you list on a credit card application doesn’t necessarily have to come from a job. Bank of America will also consider things like Social Security benefits, unemployment insurance, alimony payments, pension distributions, investment returns and more.
- If you are at least 21 years old, you may list shared household income on your application. If you are 18-20 years old, you may only include your own income.
- Your income affects more than just your ability to get a Bank of America credit card. If you are approved, it will also play a big part in determining your credit limit.
You can learn more about applying for a credit card on WalletHub.
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People also ask
What are my Bank of America credit card approval odds?
Bank of America credit card approval odds are best for people with a good or excellent credit score of 700+, an annual income of $50,000+, and relatively little debt. Applicants will also need to be 18+ years old with a U.S. mailing address and an SSN or ITIN to get a Bank of America credit card.
Credit Score Requirements for Good Bank of America Credit Card Approval Odds
- BankAmericard® credit card for Students: Excellent credit or...
How can I apply for a Bank of America credit card?
The easiest way you can apply for a Bank of America credit card is online or by calling customer service at (866) 751-1257. Alternatively, you can apply in person, by visiting a Bank of America branch.
Bank of America Credit Card Application Requirements
- Full name
- Address
- Phone number
- Email address
- Citizenship status
- Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN)
- Country of residence
- Date of birth
- Employment status
- Annual...
What is the minimum salary for a credit card?
The minimum salary for a credit card depends on the specific card, but you may be able to get approved for a credit card with an annual salary as low as $10,000 or so. While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.
Credit card issuers’ minimum annual...
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