Tag Archives: Bank of America

Bank of America 2/3/4 Rule: When Can I Apply for my Next Credit Card?

Good morning everyone.  A few weeks ago, Bank of America changed their rules in terms of approving new personal credit card applications.  Doctor of Credit has a very good post about the new “2/3/4 Rule” which he states that Bank of American will “only approve you for at most two cards per rolling 2 months, three cards per rolling 12 months, and four cards per rolling 24 months. Let’s call this the ‘2/3/4 rule’.”  Luckily, Bank of America business credit cards do not count toward the “2/3/4 Rule.”  The comments and data points from that post are pretty conclusive, so instead of fighting the new rule, let’s see how we can play with this new rule.

I am OCD and I save all my credit card statements for every credit card from every month.  I have statements for all my open and closed credit cards.  I wanted to find out the opening date for all my Bank of America credit cards, so I opened the first statement for each credit card and looked at the first date printed on my statement.  For example, I am pretty confident my opening date is right around March 23, 2017, for the credit card on the left and August 10, 2017, for the credit card on the right.

Continue reading

My 8 Credit Card App-O-Rama Results (Mostly Bad News)

Good morning everyone, I hope you all has a great weekend.  A few weeks ago, I applied for 8 new credit cards during my App-O-Rama.  Here are the 8 credit cards and sign up bonuses that I applied for (not in this particular order).  Unfortunately, my App-O-Rama skills are not as good as they used to be and I was (ultimately) declined for most of these credit cards.

  • Bank of America Alaska Airlines Visa Signature Credit Card: 30,000 AS Miles + $100 statement credit after spending $1,000 in 3 months ($75 annual fee)
  • Bank of America Virgin Atlantic Credit Card: 75,000 VA Miles after spending $12,000 in 6 months ($90 annual fee)
  • Bank of America Amtrak Rewards Credit Card: 30,000 Amtrak Points after spending $1,000 in 3 months ($79 annual fee)
  • US Bank Altitude Reserve Credit Card: 50,000 FlexPoints ($750 in travel credit) after spending $4,500 in 3 months ($400 annual fee)
  • Wells Fargo Visa Signature Credit Card: 20,000 Go Far Reward Points after spending $1,000 in 3 months ($0 annual fee)
  • First Bankcard Best Western Credit Card: 50,000 Points after spending $1,000 in 3 months ($59 annual fee, first year waived)
  • Synchrony Bank Cathay Pacific Credit Card: 50,000 CX Miles after spending $2,500 in 3 months ($95 annual fee)
  • Barclays Wyndham Rewards Credit Card: 45,000 Wyndham Points (3 free nights) after spending $2,000 in 3 months ($75 annual fee)

Long story short, I applied for 3 Bank of America credit cards, starting with the Bank of America Alaska Airlines Visa Signature Credit Card.  I recently closed my previous Bank of America Alaska Airlines Visa Signature Credit Card a few weeks ago, so I was ready to apply again and earn more Alaska Airlines miles.  Unfortunately, my application went to pending.  Since I was not immediately declined, I decided to apply for a Bank of America Virgin Atlantic Credit Card.  Surprisingly, I was instantly approved for that credit card with a pretty small credit limit.  With that success, I decided to apply for a Bank of America Amtrak Rewards Credit Card.  Unfortunately, that application went to pending as well. 1 out of 3 instant approvals was not bad.  I was hopeful that the 2 pending applications could be approved with a short reconsideration call.

Continue reading

PSA: Free Checked Bags on Alaska Airlines by Linking BofA Credit Card to Mileage Plan Number

Do you fly Alaska Airlines? Do you have the Bank of America Alaska Airlines Visa Signature Credit Card? Do you ever pay to check your bag when you fly Alaska Airlines? Something strange happened to me recently when I flew Alaska Airlines, and I just figured out what happened! For years I flew on Alaska Airlines, and if I checked a bag, I was charged a checked bag fee and paid for it. Then for a few years, I had Alaska Airlines MVP Gold elite status and got used to not paying for checked bags. That was nice! After those status days ended, I had a few flights where I got charged for checked bags and paid the fee. However, for my last five flights where I’ve needed to check a bag, I wasn’t charged a fee. I had no idea why, and I almost didn’t want to know :)

But recently, I put the pieces of the puzzle together and I want to make sure you’re in the know too! You see, I’ve also had the Bank of America Alaska Airlines Visa Signature Credit Card for years, and because everyone focuses on the Companion Fare benefit, it’s easy to forget, as I did, that the card also comes with one FREE checked bag for you and up to six other passengers on your reservation.

Somehow I completely forgot about the free checked bag benefit

Continue reading

I Downgraded to the Virgin America Visa Signature Credit Card

Good morning everyone.  A few days ago, the $149 annual fee posted to my Virgin America Premium Credit Card.  I called the number on the back of the credit card to see if there were any retention offers available, but sadly, the rep had no offers available for me.  Instead of closing the credit card, the rep suggested that I downgrade to the Virgin America Visa Signature Credit Card that had a $49 annual fee.

Most of the card benefits are the same for both cards, including the Virgin America $150 off companion discount code, free checked bag, and 20% off in-flight purchases.  The only difference between the credit cards is the Visa Signature credit card does not earn status points (not a big deal since I am Virgin America Gold and Alaska Airlines MVP Gold), I will get charged a fee for changing or cancelling my ticket (I never used this feature when I had my Virgin America Premium Credit Card) and I will be charged foreign transaction fees (I will never use this credit card internationally).

The only reason I kept the credit card is for the Virgin America $150 off companion discount code and my curiosity surrounding what will happen to this credit card when the Alaska Airlines / Virgin America merger is complete.  If my memory is correct, the Virgin America $150 off companion discount code used to only apply to the Virgin America Premium Credit Card, but sometime in the last year, that benefit was added to the Virgin America Visa Signature Credit Card.

Continue reading

Which Trip Should I Use with the Alaska Airlines Companion Fare?

Grant did a great job explaining how to use the yearly Alaska Airlines Companion Fare that comes with the Bank of America Alaska Airlines Visa Signature Credit Card. However, the question becomes, WHICH trip is the best trip to use it on? I’ve had the credit card and gotten the companion fare deal for many years now. But this year was the first year that I had three potential uses for it. A good problem to have. Maybe you’ve had this good problem as well :)

It did, however, require a thorough look at comparing prices and hotels, as well as seeing what other miles/points I had available for these routes to finally make my choice. It was a lesson in perseverance! Here’s what I did. I was originating from San Diego and my trips were to Hawaii, New York City, and Boston. My dates for Hawaii and Boston were somewhat flexible, but my New York City dates were not.

Great Circle Mapper: http://www.gcmap.com/mapui?P=hnl-san,san-bos,san-jfk

Continue reading