BoA 2/3/4 rule

[MrDisco99]

Doctorofcredit.com is reporting confirmation of a new rule at BoA they are calling 2/3/4.

- max 2 BoA cards per rolling 2 months
- max 3 BoA cards per rolling 12 months
- max 4 BoA cards per rolling 24 months

This would seem to validate my getting a quick autodenial when I apped for the new premium card a couple weeks ago after getting their cash and travel cards earlier last month... although I kinda doubt I would've gotten approved anyway.

No more churning those Alaska miles...

Edited to specify the rule applies specifically to BoA accounts.

[Anonymous]

Just to clarify, this means # of BoA cards, right?

[Adkins]

The 4/24 is stricter than Chase's 5/24. Interesting.

[Meanmchine]

Im looking to do a mini app spree in a few months when my reports become ding free

I guess the BoA Cash Rewards card just moved to the top of my app list

[Anonymous]

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@Adkins wrote:
The 4/24 is stricter than Chase's 5/24. Interesting.

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Not necessarily -- we need to know if the # of accounts means just BoA or any credit card.  Chase's is any credit card (minus store cards in some cases).  Who knows what BoA counts as a new account: just their cards, or any credit card, or any bank card?

[Adkins]

@ABCD2199 - Very true. If it's just BOA cards, then it's not that bad compared to Chase, who counts all cards as adding to the limit. I understand them wanting to stop heavy churners but I also think they lose some legitimate business with the restrictions.

[601flyguy]

I hope this only applies to boa cards.

[MrDisco99]

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@Anonymous wrote:

Just to clarify, this means # of BoA cards, right?

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Sorry, yes, it is specific to BoA accounts.  Recent accounts from other banks do play into their decision, but do not fall under this new rule.

[K-in-Boston]

Ooh, that means I can grab a 5th card next month!

[Anonymous]

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@K-in-Boston wrote:
Ooh, that means I can grab a 5th card next month!

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Not me.  I'll have to wait another 11 months.  But by then I should be able to churn the Premium rewards card.  No other card that I want they offer.

I assume they are counting business cards i thier maximum number of cards.