Documented application rules
Bank of America application rules, documented: 3 tracked rules (3 active as last confirmed), 6 dated rule changes on record since 2017, most recently October 28, 2022. Every change dated and sourced; statuses reflect our last documented confirmation, not live issuer policy.
2 documented changes since 2019Full history →
October 28, 2022
Business card terms add entity-level restriction language
Business card applications began stating the applicant may be declined for additional accounts depending on what the business entity currently holds.
January 1, 2019
Rule introduced (per card, wording varies by card)
Date approximate (month only). Alaska and Premium Rewards terms bar approval if the applicant has or has had the card in the preceding 24 months, while Cash Rewards and Travel Rewards terms only bar a second card unless the existing one is at least 24 months old. OMAAT dated the implementation to January.
2 documented changes since 2019Full history →
June 12, 2020
Restated as a soft limit in reference guide
Doctor of Credit's reference describes a soft limit of six new cards in 12 months for deposit customers and two for non-customers.
September 29, 2019
Rule first reported
Date approximate. A report indicated applicants with a deposit relationship are tolerated up to six new cards from all banks in the past 12 months, with a lower threshold for those without one; business cards may fall outside the rule.
2 documented changes since 2017Full history →
October 4, 2017
Rule confirmed by a reliable source
Doctor of Credit confirmed the full rule with a reliable source, who indicated reps might override it based on relationship but rarely. Data points suggested business cards did not count toward the limits.
September 27, 2017
Rule first reported
At most two cards per rolling two months, three per rolling 12 months, and four per rolling 24 months; the post was originally published September 27, 2017.
Questions
Yes — on our documented record it is active, as last confirmed October 28, 2022: Business card terms add entity-level restriction language. Statuses reflect our last documented confirmation, not live issuer policy — every change is dated and sourced on this page.
Our earliest documented entry is January 1, 2019: Rule introduced (per card, wording varies by card). The rule has 2 documented changes on the record since then.
October 28, 2022 — 24-month rule (Bank of America): Business card terms add entity-level restriction language.
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Application rules are unwritten issuer policy: they change and get enforced without notice, and exceptions exist. Statuses reflect our last documented confirmation, dated on every rule — not live issuer policy. Not financial or legal advice.
Bonus Eagle. “Bank of America — The Application Rules Record.” bonuseagle.com. https://www.bonuseagle.com/rules/bank-of-america
The other two records: this issuer's devaluation history and welcome offer history.
