Possible new BOA application restrictions: 3/12 or 7/12


Reports online from Doctor of Credit and reddit indicate that Bank of America has instituted new application restrictions that bear some resemblance to Chase’s 5/24 rule. Thankfully, the BOA rules allow at least a little more breathing room, though they still cap out new card applications more quickly than some will like.

New Bank of America application rules:

According to multiple reports, here are the new limits for those applying for credit card accounts with Bank of America:

  • Those customers with a BOA deposit account will not be approved if they have opened 7 or more new credit cards (with all issuers) over the past 12 months.
  • Those customers without a BOA deposit account will not be approved if they have opened 3 or more new credit cards (with all issuers) over the past 12 months

This is in addition to the 2/3/4 rule, which covers new Bank of America cards. The basics of that rule are that you can be approved for a maximum of:

  • 2 new Bank of America cards within a 30 day period
  • 3 new Bank of America cards within a 12 month period
  • 4 new Bank of America cards within a 24 month period

Again, that existing rule that applies to Bank of America cards is still in effect. The new rule applies to new cards with all banks.

Manual override possible

There are at least a few reports of this rule being manually overruled, so it seems that this is not quite as firm as the Chase 5/24 rule. Some data points of manual approval on reconsideration indicate having large sums on deposit, but at least one data point from Doctor of Credit indicated being approved at 9/24 despite no previous banking relationship. Still, there are enough reports of the new rule (and have been enough reports about BOA tightening up on approvals over the past couple of years) that I think it is reasonable to assume your chances of approval are low if you have opened many new credit cards in the past 24 months.

H/T: Doctor of Credit

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I am a Platinum Honors client. Got a US Bank Cash+ card just this week. Co-signed for a Citi Custom Cash card for a dependent last month. Prior to that, my previous card application was a Wells Fargo from 4+ years ago. I currently have a BofA customized cash rewards with 5.25%/3.5%/1.75% cash back for online/grocery+club-store/everything else. I want to apply for the Unlimited cash rewards card so I can take that 1.75% to 2.625%. What are my chances if I go for it within the next 2-3 months?


What about charge and secured cards? Do they count for the 3/12 rule?
I have a BofA secured card, issued Sep 2019, and two Amex cards – Green, Dec 2019, and Surpass, May 2020.
I’m thinking about applying for a BofA card, and I’m worried that those 3 cards will cause me to be declined due to the 3/12 rule.

Greg The Frequent Miler

Yes, they probably show up on your credit report and therefore count.


I got declined for the VA card this week. At 4/24, but 3 of those in last 12 months.


is a checking account a deposit account?


Can we be more explicit on whether the rules above apply just to pesonal cards or also to business cards. For example:

1) regarding BoA 2/3/4, if I’ve opened 3 personal BoA cards in the last 12 months and applied for a BoA business card would it go through?
2) regarding BoA 3/12 and 7/12 (the new rules, looking at all issuers), can BoA see Chase or Amex business card applications, or do the 3 and the 7 apply only to personal cards (and perhaps also those few business cards that show up on a personal report)


Very helpful, thanks!


The BOA Premium Rewards card shown above, as long as you have the qualifying balances at BOA/Merrill, is the best “go to” card available. Period. 3.5pc Restaurant and travel, 2.625pc Everywhere else, in cash. They should be picky about cardholders! No hoops, no finding transfer partners and spending money on things you would never actually pay real money for.
I realize not everyone has the 100k balance at the bank, but if you do, your credit card juggling life would be greatly simplified. JMHO.


Deposit account, guess that includes checking?
Further confirmation for me that I’ll continue getting decent cards until I’m forced to wait. Husband and I just got BOA Asiana and Virgin Atlantic within last few months. Haven’t had the Avianca card yet. Any thoughts on how easy or difficult that one is?


Hey Nick, What if you are added to another persons card, does this count towards the magic number…………..and you are right, there is only 1 way to correctly heat up a bagel! Toasting is for wimps.