Chip Lupo, Credit Card Writer
@CLoop
The Bank of America Premium Rewards credit card credit limit is $1,500 or more. Everyone who gets approved for Bank of America Premium Rewards credit card is guaranteed a credit limit of at least $1,500, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant’s credit score and income are, the higher the starting credit limit is likely to be.
The Bank of America Premium Rewards credit card credit limit that you start with isn’t necessarily your credit line forever. You can ask to get a credit limit increase by calling the Bank of America customer service number on the back of your card, but it’s best not to ask more than once a year. Bank of America will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with Bank of America.
Bank of America® Premium Rewards® credit card
People also ask
What will my Bank of America credit card limit be?
Your Bank of America credit card limit will vary based on your creditworthiness. The lowest credit limit Bank of America would approve a card for is $200, which is the minimum deposit requirement for the BankAmericard® Secured Credit Card. Other Bank of America credit limits could start out much higher. The Bank of America® Premium Rewards® credit card, for instance, offers a $1,500 minimum credit limit for approved applicants.
Generally, cardholders with at least good credit have a better chance at receiving higher credit limits. Your actual credit limit will be determined based...
read full answerWhat are the Bank of America credit score requirements?
The Bank of America credit score requirement is 750 or higher for the best Bank of America credit card offers, though other options are available for people with lower scores. It is possible to get approved for a credit card from Bank of America with a bad credit score, for example.
Bank of America Credit Score Requirements by Card
- Bank of America® Customized Cash Rewards Secured Credit Card: 300 (Bad credit)
- Bank of America® Unlimited Cash Rewards Secured Credit Card: 300 (Bad credit)
- BankAmericard® Secured Credit Card: 300+ (Bad credit)
- Bank of America® Travel Rewards credit card for Students: 750+...
How do you get approved for a high limit credit card?
To get approved for a high limit credit card, you will need good to excellent credit and proof that you can afford a high spending limit. More specifically, your credit limit will be determined by several factors, including your income, assets, and existing debt obligations. Picking the right credit card goes a long way, too.
How to Get Approved for a High Limit Credit Card
- Apply for a credit card with a...
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