Bank of America typically requires a credit score of at least 670, but a credit score of 740 or above will increase your chances of getting the best credit cards. Income and credit history are also also considered in the approval process.
While Bank of America doesn't require a specific credit score to open an account, they will likely check to see if you have an existing ChexSystems report. ChexSystems is like the credit reporting agencies, but for bank accounts.
Key Takeaways. You will likely need a credit score of at least 670 to qualify for an American Express card, though it may depend on the card and other factors of your application. American Express' MyCredit Guide allows you to check your credit score for free, even if you aren't already a customer.
You need a credit score of 700 or higher to get an American Express card, along with a steady income that enables you to afford the monthly bill payments.
There is no official "lowest score" that card issuers will accept because whether you get approved for a card depends on a variety of factors, not just your credit score. That said, it's possible to get a credit card without any credit history or to apply without a social security number.
Yes, it is hard to get the BankAmericard® credit card because it requires excellent credit for approval. Unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for the BankAmericard credit card.
A credit score of about 700+ will likely qualify you for just about any credit card, including those with cash back rewards, lower annual percentage rates (APRs) and more.
Prequalify on Bank of America's website
If you're already a Bank of America customer, you can sign in to your online account to get personalized recommendations and offers. If you're not already a Bank of America customer, you can continue the preapproval process without signing in.
When you check for preapproval, Bank of America will likely pull a soft credit check which doesn't hurt your credit score. However, if you do get preapproved and choose to apply for the credit card, the bank will perform a hard credit check, which may temporarily lower your credit score.
How to Apply for a Bank of America Balance Assist Personal Loan. Balance Assist allows eligible Bank of America customers to borrow in increments of $100, up to $500. You will complete a loan application online, and, if it's approved, you should receive your funds in minutes.
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.
Bottom line. To qualify for the Wells Fargo Active Cash® Card, you typically need at least a FICO® score of at least 670.
Our professional fact-checkers verify article information against primary sources, reputable publishers, and experts in the field. We recommend the Chase Freedom Rise® as one of the easiest Chase cards to get approved for, thanks to its more lenient credit requirements.
VantageScore and FICO scores range from 300 to 850, making 300 the lowest credit score possible. While credit scores as low as 300 are possible, most consumers have scores above 700.
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.
Which is the hardest investment bank to get into? Goldman Sachs is notoriously difficult to get into. One statistics recently rolled out was that it received 100,000 applications for just 2,300 global internship positions. This means that it received 24 applications for every job it posted.
Check your credit score.
To qualify for the Chase Sapphire Preferred and Chase Sapphire Reserve, you'll likely need very good (740 or higher) to excellent credit (800 or higher). However, you'll likely have the best odds of approval for any Chase card if your credit score is in the very good to excellent range.
What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.
What is the highest credit score possible? To start off: No, it's not possible to have a 900 credit score in the United States. In some countries that use other models, like Canada, people could have a score of 900. The current scoring models in the U.S. have a maximum of 850.