The BankAmericard credit card credit limit will vary based on each applicant’s credit standing. But many cardholders report initial credit limits ranging from $1,000 to $15,000 in some online forums. Your BankAmericard credit card credit limit will depend on a number of factors, such as your credit history, income, and debt.Just note that the issuer doesn’t disclose a minimum or maximum credit limit for this card.
Keep in mind that your credit score is an important factor. Applicants with credit scores in the “excellent” range reportedly get an initial credit limit of $10,000 or more.
How to get a high BankAmericard credit card credit limit:
To receive a high credit limit, you will need a stellar credit score, enough income to make at least the minimum payment each month, and very little existing debt. The stronger your credit profile is, the higher you can expect your starting credit limit to be. However, you won’t know your exact credit limit until you’re approved.
But whatever your starting BankAmericard credit card credit limit happens to be, you can request an increase either through your online account or by calling the number you see on the back of your card.
BankAmericard credit card credit limit increase details:
Your chances of getting a credit limit increase are best if you’ve had the card for at least six months with no late payments during that time. If your income has gone up or if your debt was reduced from when you first received the card, that will also help your chances.
If you request a credit limit increase, Bank of America will pull a copy of your credit report. This may result in ahard inquiry, which might temporarily drop your credit score by a few points.
Bank of America may occasionally review your account to see if you’re eligible for an automatic credit limit increase. However, there’s no guarantee when or if you’ll get one. BankAmericard credit card automatic credit limit increases will trigger asoft inquiryand will not affect your credit score.
This answer was first published on 10/07/19 and it was last updated on 01/08/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
