No, the BankAmericard® credit card is not a good first-time credit card because it is only available to people with excellent credit. People who’ve never owned a credit card are unlikely to get approved unless they’ve built excellent credit through other means. There are plenty of good first-time credit cards on the market, though.
The BankAmericard® credit card credit score requirement is at least 750. That means people with excellent credit have a shot at getting approved for the BankAmericard credit card.
Other factors to consider when applying for the BankAmericard credit card:
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 BankAmericard 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 apply only after you meet the BankAmericard credit card credit score requirement. You can check your credit score for free, right here on WalletHub.
Yes, it is hard to get the BankAmericard® credit card because it requires excellent credit for approval. Unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for the BankAmericard credit card.
In order to get the BankAmericard credit card, you will have to meet the credit score requirement, have a steady income and be at least 18 years old. You’ll also need to have an SSN.… read full answer
Keep in mind that even if you meet all of the requirements for the BankAmericard credit card, you’re never guaranteed to be approved.
The best Bank of America starter credit card is the Bank of America Custom Cash Secured Card because it accepts applicants with limited credit history and reports to the three major credit bureaus on a monthly basis. This Bank of America card also has an annual fee of $0, and it rewards cardholders with 1 - 3% cash back on purchases.… read full answer
Your goal with a starter credit card should be to build your credit score as cheaply as possible. The Bank of America Custom Cash Secured Card is a good option for doing just that.
Bank of America Starter Credit Cards
Bank of America Custom Cash Secured Card
Bank of America Travel Rewards for Students
Bank of America has some solid options, but you may want to compare them to other starter credit cards before applying. If nothing else, your first credit card should report to the three main credit bureaus and have a low annual fee.
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