Monthly Archives

December 2017


Bank of America Application and Bonus Rules

By: Jeff Brownson

Disclosure: This post may contain references to products from our advertisers. We may receive compensation from products we link to. We appreciate your support.

For many years, Bank of America didn’t have any set rules to restrict approvals and sign-up bonuses. As long as you had a reasonable application, you would be approved more often than not.

However, in 2017, Bank of America implemented some more defined restrictions that go beyond any of the standard reasons for denials—poor credit score, too much new credit, etc.

Does this mean that you won’t be able to get approved for a new card from Bank of America?

Absolutely not!

It just means that there are a few rules that you need to know so you don’t waste your time applying when you have no chance of an approval.

Like most banks, not all of these rules are written down and easy to find. Some of them are based on countless data points.

Once people report the same kind of answers enough times, it becomes sort of an unwritten rule. They don’t specifically state it in the terms, but it’s best for you to know when applying.

Now that you have an idea of what to expect, let’s take a look at the rules that you need to know, both written and unwritten, before applying for a new credit card from Bank of America.

The 2/3/4 Rule

Taking cues from other banks, Bank of America has instituted a few limitations on the approval of personal credit card application based on the number of new credit cards you have received within certain timeframes.

You are eligible to open:

  • 2 new cards within 2 months
  • 3 new cards within 12 months
  • 4 new cards within 24 months

At first glance, this looks like a very restrictive rule, but It’s not as bad as it looks.

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Best Credit Card Offers – December 2017

By: Bryce Conway – Founding Editor of

Disclosure: This post may contain references to products from our advertisers. We may receive compensation from products we link to. We appreciate your support.

Every month I share a post with what I believe are the top credit card offers on the market according to the 10xT staff. Today we are going to take a look at the best offers for December 2017.

There are quite a few changes this month as many cards have upped their bonuses for the upcoming holiday season.

I rank these offers by looking at their signup bonus, cardholder perks, ongoing value, and any fees they may charge. And while the best offer for you will vary depending on a number of factors, I am going to rank the top offers based on the order in which I think they should be chosen by the average person.

If you’ve ever watched the NFL Draft before, consider this list my version of “Todd’s Big Board.” It’s simply the best overall cards available without regard to a specific points/miles need.

I also divide these top credit offers into two lists, one for those of you who are over 5/24 and one for those of you who are under.

(If you don’t know what the Chase 5/24 rule is you’re going to want to give this a read)

As always, feel free to email me with questions about your own situation and I would be happy to help you select the best card for you.

Here we go!


If you are under 5/24, here are the best cards available right now:

1) Chase Sapphire Preferred

Current Offer:

  • 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
  • 5,000 bonus points when you add an authorized user and make a purchase in the first 3 months
  • 2 points per $1 spent on dining and travel, 1 point per $1 on all other purchases
  • Trip delay and primary rental car insurance
  • $95 annual fee, waived the first year 


Once again, the Chase Sapphire Preferred comes in at #1 overall because of its incredible signup bonus, reasonable annual fee (that is also waived for the first year), and the amazing value of the points it earns.

Chase Ultimate Rewards points are widely considered to be among the best points in the industry thanks to their ability to be transferred to multiple airline and hotel partners. This gives you a ton of options for redeeming your points no matter where you want to travel.

You can also redeem Ultimate Rewards to book travel via the Chase travel portal at a value of 1.25 cents per point, meaning the 50,000 bonus points offered by this card are worth a minimum of $625 when redeemed to book travel.

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