WalletHub, Financial Company
@WalletHub
The BankAmericard credit card credit limit will vary based on each applicant’s credit standing. But many cardholders report initial credit limits ranging from $1,000 to $15,000 in some online forums. Your BankAmericard credit card credit limit will depend on a number of factors, such as your credit history, income, and debt. Just note that the issuer doesn’t disclose a minimum or maximum credit limit for this card.
Keep in mind that your credit score is an important factor. Applicants with credit scores in the “excellent” range reportedly get an initial credit limit of $10,000 or more.
How to get a high BankAmericard credit card credit limit:
To receive a high credit limit, you will need a stellar credit score, enough income to make at least the minimum payment each month, and very little existing debt. The stronger your credit profile is, the higher you can expect your starting credit limit to be. However, you won’t know your exact credit limit until you’re approved.
But whatever your starting BankAmericard credit card credit limit happens to be, you can request an increase either through your online account or by calling the number you see on the back of your card.
BankAmericard credit card credit limit increase details:
Your chances of getting a credit limit increase are best if you’ve had the card for at least six months with no late payments during that time. If your income has gone up or if your debt was reduced from when you first received the card, that will also help your chances.
If you request a credit limit increase, Bank of America will pull a copy of your credit report. This may result in a hard inquiry, which might temporarily drop your credit score by a few points.
Bank of America may occasionally review your account to see if you’re eligible for an automatic credit limit increase. However, there’s no guarantee when or if you’ll get one. BankAmericard credit card automatic credit limit increases will trigger a soft inquiry and will not affect your credit score.
Popular Credit Cards from Our Partners
Bonnie T, Member
@bonniet_26
There isn't a usual BankAmericard credit limit. Your credit limit will depend enitrely on your creditworthiness, income, debt, etc.
People also ask
What will my Bank of America credit card limit be?
Your Bank of America credit card limit will be based on your credit standing once your application has been approved. 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.
Your actual credit limit will be determined based on your credit standing and income, among...
read full answer by Bogdan Roberts, Credit Cards ModeratorHow do I request a credit limit increase with Bank of America?
You can request a Bank of America credit limit increase online, through the Bank of America mobile app, or by calling customer service at 1 (800) 732-9194. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Bank of America has on file. Bank of America will be more likely to increase your credit limit if...
read full answer by John Miller, Credit Cards ModeratorHow 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.
4 Steps on How to Get Approved for a High Limit Credit Card
1. Improve your credit score:
High limit...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.