Documented rule history
Active — last confirmed October 28, 2022Is the Bank of America 24-month rule (Bank of America) still active? On our documented record it is active, last confirmed October 28, 2022: Business card terms add entity-level restriction language. We have 2 dated, sourced changes on record since 2019. Statuses reflect documented confirmations, not live issuer policy.
Every documented change — newest first
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.
Questions
Yes — active on our documented record, as last confirmed October 28, 2022: Business card terms add entity-level restriction language. Always verify before applying — issuers change unwritten rules without notice.
January 1, 2019: Rule introduced (per card, wording varies by card). Since then we have documented 2 changes, each dated and sourced on this page.
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.
Application rules are unwritten issuer policy; they change and get enforced without notice, and exceptions exist. Statuses reflect our last documented confirmation, not live issuer policy. Not financial or legal advice.
Bonus Eagle. “Bank of America 24-month rule (Bank of America) — The Application Rules Record.” bonuseagle.com. https://www.bonuseagle.com/rules/bank-of-america/24-month-rule-bank-of-america
All Bank of America rules: the full issuer page.
