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Possible Bank of America Churning Change
Well one constant lately is that things keep changing. For many, getting Alaska Airlines miles through Bank of America cards has been a fairly lucrative application strategy. It is openly discussed on Flyertalk and over time it has previously been possible to amass more than one Bank of America credit card at a time.
It seems that the rules may now be changing. Several data points on Flyertalk from the past few days seem to indicate that Bank of America may be going to a 1 personal card per person rule. Let’s look at some data points.
Applied October 5th, got instant rejection.
Received letter in the mail: “we were unable to approve the Alaska Airlines Visa Signature card you requested because you already have an account endorsed by this organization”
Currently have another Alaska personal card from six months ago.
I called and recon said the reason I was denied was because I already have a personal card.
Wife and I each applied for personal AS card on Oct. 2 or 3 online and got “decision pending”, with same being reported for multiple days by the BOFA web site for checking status. When identical letters came in mail, I was shocked to see they were “unable to approve the Alaska Airlines Visa Signature card you requested because you already have an account endorsed by this organization.”
Thoughts & More Data Points
Now it is still too early to tell whether BofA is limiting people to 1 card total as the language would indicate or 1 card per product line. We also don’t know how widespread this new rule is being enforced, but it seems to be somewhat uniform.
Before anyone freaks out though, we should look for even more data points. Have you been approved for an Alaska Airlines or other BofA card in the past few days? If so do you have another personal card and/or card of the same type?
I’ll make sure to keep an eye on this and let you know if/when anything is concrete.
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.