Banking , Credit Cards

How To Apply For Bank Of America Credit Card

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 7 minute read

If you’ve been rejected for a Bank of America credit card, you may be able to earn a second chance by calling the reconsideration line. Getting rejected for a credit card is never fun, especially if you’re convinced you to fit the requirements for that card.

Even if you’ve been turned down for a credit card, this isn’t usually the end of the road. Reconsideration lines are available from a number of credit card companies, including American Express, Barclays, Chase, Discover, and U.S. Bank. A similar choice is available from Bank of America as well.

The Bank of America reconsideration line might help you if you have been rejected for a credit card.

What is the Bank of America’s reconsideration line?

Almost certainly, when you apply for a new credit card, you’ll fill out an online form. In less than a minute, you will receive either an acceptance or a rejection of your application. Unfortunately, this technique does not utilize a human to take additional information into account.

A customer service professional or a credit analyst will be able to help you have your rejection reversed if you phone the Bank of America reconsideration line. You can also phone these numbers if you need help or have concerns about the progress of your Bank of America credit card application. Alternatively, if you already have a card, you can contact customer support by calling the number on the back of your card.

  • Bank of America reconsideration line. 866-224-8555 – When you are rejected for a Bank of America credit card and would like someone to reconsider your application.
  • Bank of America credit card status line. 866-422-8089 – When you’re unsure about the status of a pending application.
  • Bank of America general customer service line. 800-732-9194 – When you need assistance with your Bank of America account.

4 steps to take before you call

Preparation is essential before calling the Bank of America recon line. Your Social Security number will let the representative identify your application. Before you pick up the phone, here are four additional things you should do.

Find out why you were rejected

Determine why you were rejected in the first place. Financial institutions must tell you why your application was refused, as well as which credit reporting agency was utilized, in order for you to make an informed decision. A free copy of the agency’s report is yours for the taking. You can address the problem after you know what caused the application to fail.

Take a look at your credit report

A copy of the report used to determine the decision can be obtained. As a freebie, you should be able to go through the document to find any issues. You should look for any red flags in addition to the stated reason for your credit refusals, such as too many new accounts, hard inquiries, or late payments. A good opportunity to check your credit report for errors is during this time period, as well. You may be turned down if you provide false or erroneous information.

Fix mistakes on your credit report

It’s time to correct any errors you uncover on your credit report. The credit bureau should be informed of the error. If you’re in the right, you may see an increase in your credit score as a result of their investigating the issue and correcting it in a timely manner.

You have the right to seek the deletion of any false accounts. In order to strengthen your case, inform the police and the credit bureaus. The Bank of America reconsideration phone line is a good place to discuss these actions. Let them know that the issues that led to your rejection were not your fault and that they are being remedied.

Make notes about extenuating circumstances

Extenuating conditions may be to blame for the red flags that appear on your account. Missed payments might be the outcome of a financial crisis you were going through. Alternatively, you may be able to explain that you already have two accounts with the issuer, one for your business and the other for your personal use and that you would want a third personal card. Regardless of the problem, write down notes that you may refer to when you call.

It’s possible that you’ll be able to receive approval if you can explain the circumstances that led to your bad score, including things like a medical emergency, an unexpected loss of employment, or a divorce.

Calling the Bank of America Reconsideration Line

The next step is to call the Bank of America credit card reconsideration phone number. Here are a few pointers to help you succeed.

Remain calm and polite

You may be inclined to become enraged at this point since you’re feeling so vulnerable. Keeping your cool and being nice, on the other hand, increases your chances of getting what you want. The more prepared you are, the simpler it will be to maintain your composure during the talk. Try to be understanding and remember that the other person is trying the best they can.

Present your case clearly

As you prepare for your reconsideration call, it’s a good idea to take notes. Justify your request for the card with specific details, such as what you hope to do with it. Extenuating conditions, if any, should also be explained so that the issue is no longer a problem.

It’s also a good moment to discuss any specific issues that you may have. If you’ve been denied a credit card because you have too many accounts with the same company, you could offer to terminate the account. Point up your long-term relationship with the bank or your willingness to move an existing account to Bank of America as further arguments for your favor.

What to do if your request is denied

Despite what you state, your request may still be rejected. But there are certain things you can try. You can begin by requesting to talk with a manager. You may be able to acquire approval if you speak to someone who has greater authority to make decisions. The Bank of America reconsideration phone number might also be contacted to see if a representative is more ready to help you.

To acquire a credit card, you may need to adopt a long-term approach if these short-term measures fail. Here are a few ideas to get you started:

  • Improve your credit. You may just require a few months to see an improvement in your credit rating. If you want to raise your credit score, you should look into acquiring a secured credit card. To improve your credit usage ratio, pay your bills on time and focus on reducing your debt.
  • Change your credit card. You can apply for unsecured credit cards as well as secured credit cards. Some credit card companies may have less rigorous rules.
  • That means you could be eligible for a card that offers an entirely new sign-up bonus or set of benefits. It’s not exactly what you wanted, but it’ll do for the time being.
  • Wait a few months before reapplying for the same card. Your chances of being authorized for a credit card may have increased since your initial rejection if you’ve addressed the red flags that prompted your denial. Apply now and see how things go in a few months.
  • In a few months, call the BofA reconsideration line. The reconsideration line can be contacted before reapplying for a credit card. As you work to resolve the problems, let them know what measures you’ve made and invite them to check out your new credit score and report.

Alternatives to Bank of America credit cards

Even if you phone the reconsideration number and explain your situation, your chances of getting accepted for a new Bank of America credit card with a decent credit score are slim. If you’re trying to build your credit and are open to different credit card companies, here are some possibilities to think about:

  • If you’re looking for a simple cash-back credit card with a reasonably low annual fee, go no further than the Capital One QuicksilverOne Cash Rewards Credit Card.
  • Cardholders are entitled to an unlimited 1.5% cashback on all purchases. Capital One may provide a greater credit limit as soon as six months after an account is opened if you apply for this card. Learn how to put it to good use.
  • A credit card with no annual fee, such as the Capital One Platinum Card, may be right for you. Unlike QuicksilverOne’s rewards program, this card offers a helpful perk: consideration for a greater credit limit within six months of account establishment, just like the card. Become familiar with the process.
  • With a $0 annual fee, the Petal 1 Visa Credit Card allows cardholders to earn between 2% and 10% cashback at participating shops. Find out how to use it

Bottom Line

In some cases, a credit card refusal is not a permanent one. The Bank of America reconsideration line, for example, allows you to speak to a real person who may review your case and perhaps alter the conclusion. Even though your original application was refused, there is a chance that you may be able to acquire a new card if you take the time to find out exactly why you were rejected and take action to rectify the situation.

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