Bank of America Credit Cards for Fair Credit in 2024 (2024)

FAQs

Bank of America Credit Cards for Fair Credit in 2024? ›

Yes, you can get a Bank of America credit card with fair credit. One of the best choices is the Bank of America® Customized Cash Rewards Secured Credit Card, which offers 1 - 3% cash back, depending on the type of purchase. This card has a $0 annual fee and accepts people even with bad credit.

The Bank of America® Customized Cash Rewards Secured Credit Card is the easiest Bank of America credit card to get because you can get approved with bad credit. This means the odds of approval are good even with a credit score below 640.

Each of Bank of America's credit cards has its own approval requirements, though most require at least a “good” credit score, which FICO defines as 670 and above.

It is not very hard to get a Bank of America credit card because the issuer offers cards for people with bad credit or better. One of the easiest credit cards to get from Bank of America is the Bank of America® Customized Cash Rewards Secured Credit Card.

What score model was used to calculate my score? Your score in Online Banking is a FICO^® Score 8 based on TransUnion Data to manage your account and that is what Bank of America shares with you. FICO^® Scores consider five main categories of information from your credit report.

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The minimum credit score required for the BankAmericard Secured credit card is at least 300.

The Bank of America card that gives the highest credit limit is the Bank of America® Customized Cash Rewards credit card, which has a reported maximum limit of $95,000. Your individual limit will be determined based on your credit history, income, outstanding debts, and other factors.

Bank of America application restrictions

According to cardholder reports, Bank of America uses a 2/3/4 rule: You can only be approved for two new cards within a 30-day period, three cards within a 12-month period and four cards within a 24-month period.

The Discover it® Student Cash Back is available to college students with fair credit or limited credit history. Not only is this card easy to get, but it also earns cash back on every purchase.

It can take as little as a minute to get approved for a Bank of America credit card, but it can also take up to 30 days in some cases. Most applicants, however, receive a decision within a few days if they don't get one instantly.

Who does Bank of America pull for credit cards? ›

Bank of America primarily uses Experian reporting data, though it pulls Transunion reports in some states. Bank of America often sends preapproval offers to eligible applicants via email or regular mail, which increases these consumers' chances of being approved for a Bank of America card.

Once you submit the preapproval form, Bank of America will do a soft inquiry of your credit, meaning that they'll take a quick peek at your current credit health. Because it's not a hard inquiry, it will not show up on your credit report or have a negative impact on your credit score.

Bottom line. To qualify for the Wells Fargo Active Cash® Card, you typically need at least a FICO® score of at least 670.

One of the easiest U.S. Bank credit cards you can get is the U.S. Bank Cash+® Visa® Secured Card. This card is available to applicants with bad credit, has a $0 annual fee and requires a minimum deposit of $300 to open the account. The deposit will serve as your credit limit.

First Latitude Select Mastercard® Secured Credit Card

Choose your own fully-refundable credit line – $200 to $2000 – based on your security deposit. No minimum credit score required for approval!