Posted by Bank of America credit card pre-approval lets you know if you qualify for a credit card. While pre approval means the chances of you getting the card is very high, it still doesn’t guarantee the credit card.
Bank of America Credit Card Pre Approval
You can easily ask Bank of America to pre-qualify you for a credit card online. All you have to do is provide your name, date of birth, and social security number, and Bank of America’s prequalification tool will show you all the credit cards you have a good chance of qualifying for and getting approval.
You may also receive a pre-qualified offer by mail, which will be for one card only. If you already have a Bank of America account, simply login to the prequalification page and you will be able to see your offers immediately without entering any additional information.
Bank of America Credit Cards
Bank of America offers many attractive credit cards, whether you are a current Bank of America customer looking to open a card to link to your checking account or are interested in a lucrative credit card from this lender. If you want to apply for a Bank of America credit card, the first thing to do is see if you can get a pre-qualified offer.
This is especially for borrowers with average to good credit who aren’t sure whether or not their application will be approved, the pre-approval process is a great way to see if you qualify without hurting your credit or credit history.
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Credit Pre-Approval and How it Works
It can be frustrating to apply for a credit card that suits your needs only to have the lender reject your application. Not only does a declined application mean you won’t be able to open a card, but it can also hurt your credit score further, triggering a strong pull.
Fortunately, many lenders allow potential borrowers to qualify for cards that match their credit profile. The pre-approval process only triggers a slight boost, which won’t hurt your credit. Although pre-approval is not an absolute guarantee that your credit card application will be approved, it is a strong sign that the lender is ready to approve it.
How to Prequalify for Bank of America Credit Card
You can easily check if you prequalify by logging in to your account. You can also prequalify without logging in. Follow the steps below to log in to your account.
- Open your web browser and go to https://secure.bankofamerica.com/secure-offers/public/customizedOffers/.
- If you have an account, click the “Log in” button and log in with your username and password. If you don’t have an account, click “Continue without logging in”.
- Enter your first name, last name, date of birth, and social security number.
- Scroll down and click “Continue”.
The system would now show you the cards you prequalify for and you can apply for them.
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Does Prequalification mean Approval?
Prequalification does not guarantee your approval. But pre-qualified candidates end up being approved in the vast majority of cases. Prequalification does not affect your credit as it uses a smooth query.
If you want to apply for a card, Bank of America will do a full investigation, causing your score to drop temporarily. However, this drop is easily corrected with a few months of responsible use of the card. If you want to check the pre-qualification, you can do it in minutes.