From Doctor of Credit, DoC has confirmation from a reliable source that Bank of America has introduced a new limitation on card approvals to slow down churners. The new rules are:
No more than 2 BoA cards in a two month time
No more than 3 BoA cards in a year
No more than 4 BoA cards in 24 months
The good news, is that unlike 5/24, BoA appears to only be looking at their own cards not those from other issuers. 4 cards every two years should still allow us to get a fair amount of value out of BoA.
Personally, this isn't surprising considering that number of cards some people had been getting from BoA. A couple of years back bloggers were openly advertising the fact that you could literally get dozens of BoA Alaska Airlines Visa Signature cards or Cash Back Rewards cards. No more trips to Necker Island financed solely off of BoA.
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