๐ฆ Bank of America (BOA) Personal Credit Cards
1๏ธโฃ Application for Two Personal Cards:
โข Cards to apply for:
โ๏ธ Travel Rewards Personal Credit Card.
๐ต Cash Rewards Personal Credit Card.
โข Personal details to input:
๐ฐ Annual income: $110,000โ$135,000.
๐ Monthly rent: $2,500.
๐ Occupation: Psychologist, Doctor, or Police/Law Enforcement.
2๏ธโฃ Simultaneous Business Card Option:
โข After applying for two personal cards, you may apply for one business card:
๐ผ Recommended: Travel Rewards Business Credit Card.
3๏ธโฃ Alternative Approach for Business:
โข Skip personal cards and apply for up to five business credit cards.
๐ฆ Recommended if the client has a BOA business account.
4๏ธโฃ Sole Proprietor Option:
โข If the client lacks an LLC but has a relationship with BOA:
๐ฐ Business annual revenue: $200,000โ$217,000.
๐ต Personal annual income: $120,000.
๐จโ๐ป Employment: Marketer or Engineer.
โ ๏ธ Avoid using household income (can lead to denial).
๐ General Guidelines for BOA and Other Institutions
1๏ธโฃ Employment and Residency:
โข For employment:
๐ 30โ50 years old or older: 20+ years of job tenure.
๐ Under 30: At least five years of job tenure.
โข For residency:
๐ Client has lived at their residence 5โ10 years or more.
โ
Can state โrent-freeโ or โowns home free and clear.โ