BANK OF AMERICA: - 2/3/4 rule: - Maximum of 2 new BOA cards in a 2-month period - Maximum of 3 new BOA cards in a 12-month period - Maximum of 4 new BOA cards in a 24-month period - Double dip opportunity: You can get up to 3 cards in the same day with only one hard pull. - 7/12 rule and 3/12 rule: - If you have a BOA bank account, you may be denied if you have 7 or more new credit cards in the past 12 months. - If you don't have a BOA account, you may be denied if you show 3 or more new cards in the past 12 months. - 24-month rule: If you cancel BOA cards, you'll need to wait 24 months before applying again. - No hard limit on the number of credit cards, but other bank rules apply. - BOA reportedly pulls from EX for personal and soft pulls TU for CLI on personal cards. - Product changes are allowed and do not affect your credit. - BOA likes a banking relationship and having funds in accounts may increase approval odds. - BOA has a "preferred member" status that adds extra credit card rewards for having money in a checking account. - BOA will expedite cards for valid reasons and may waive the annual fee after 180 days. - Moving credit limits around is allowed and requires a soft pull. - BOA business credit cards do not report to personal credit. WELLS FARGO: - Major rule: One welcome offer from any Wells Fargo card per 16 months. - No limit on the number of Wells Fargo cards, but sign-up offers may be affected by the 16-month rule. - Wells Fargo has a prequalify tool that can be used before applying for the BILT card. - Mixed reports on soft pull/hard pull for CLI on cards, best to confirm with a representative. - Wells Fargo hard pulls for moving limits around on cards. - Product changes result in closing the existing card and opening a new one, no hard pull but no account history/age is retained. - Wells Fargo prefers a banking relationship but may not be necessary for the BILT card. - Double dip opportunity confirmed but rare without a banking relationship. - Wells Fargo business credit cards do not report to personal credit.