Your Bank of America Unlimited Cash Rewards credit card approval odds are good if you have a credit score of 750+, which is considered excellent credit. Approval odds for the Bank of America Unlimited Cash Rewards credit card will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN, as well.
What You Need for Good Bank of America Unlimited Cash Rewards credit card Approval Odds
Excellent credit or better
Enough income to pay credit card bills
Low debt relative to income
Low housing costs relative to income
U.S. mailing address
Age of 18+
Social Security Number
Keep in mind that many of these are guidelines rather than requirements. For example, you may have a low annual income but no debts and still get approved.
To get a better sense of your approval odds before applying for a Bank of America Unlimited Cash Rewards credit card, you can check to see if you're pre-qualified for any offers on the Bank of America website. Pre-qualifying does not guarantee approval, but it does indicate that you have pretty good odds of getting approved for certain cards, and it won't affect your credit score.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Bank of America Unlimited Cash Rewards credit card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Bank of America Unlimited Cash Rewards credit card credit score requirement. You can check your credit score for free on WalletHub.
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 Custom Cash Secured 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.
Here's what you need for good Bank of America credit card approval odds:
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. All applicants need to be at least 18 years old and U.S. residents. Non-resident aliens are eligible for certain credit card offers at local Bank of America financial centers.
How to increase your Bank of America credit card approval odds:
The easiest Bank of America credit card to get is the Bank of America® Customized Cash Rewards Secured Credit Card because applicants can get approved with bad credit. This means the odds of approval are good even with a credit score below 640. On the other hand, the majority of Bank of America credit cards require limited to excellent credit in order to qualify.… read full answer
Having one of these Bank of America credit cards may increase your chances of landing a higher-tier credit card in the future, if you use it responsibly. That means paying your bill on time every month and keeping your credit utilization below 30% of your credit limit.
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