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Personal Finance (Not Investing) • Bank of America/Merrill Edge - Preferred Rewards

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How many CCs will BoA allow you to have? And how long do you have to wait to get your 5th card?

I currently have 4 (PR & 3 variations of the CCR), and got my 4th one back in December 2022. Is there a max credit line that BoA will offer?
I don't know if there's an upper limit on total number of cards (I was at 6 until I closed the card that was previously my Better Balance Rewards when they discontinued that program). But last I heard BoA has their 2/3/4 rule: you can only be approved for two cards per rolling 2 months, three cards per rolling 12 months, and four cards per rolling 24 months.

There is probably a max credit line but if you get approved for a low amount on a new card you can call them up and have them transfer the credit limits around between the cards.

Statistics: Posted by djheini — Sun Jan 07, 2024 3:22 am — Replies 6575 — Views 779455



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