Bank of America Institutes New 24 Month Terms

This post may contain affiliate links; please read our advertiser disclosure for more information.
Disclosure: 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. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

Bank of America 24 months restriction

Bank of America Institutes New 24 Month Terms

The new year is starting on the wrong foot in the credit card world, at least at Bank of America. The bank has implemented new rules that limit how often you can get a new card. It’s a 24 month rule, but it varies from one card to the other. The Cash Rewards and Travel Rewards cards get the more lenient version while the other cards are now limited to just once every two years.

Cash Rewards & Travel Rewards

The terms on the Cash Rewards and Travel rewards cards now have a 24-month language, but it’s not very restrictive compared to what we usually see at other banks.

This Cash Rewards card will not be available to you if you currently have a Cash Rewards card unless you have had that Cash Rewards card for at least 24 months.

The language use actually suggests that you can get more than one card, once you’ve had your first card for at least 24 months. If you don’t want to wait, you can just close the one you have and get a new one. In this case the 24-month waiting period doesn’t apply.

Alaska Airlines & Premium Rewards

The Alaska Airlines and Premium Rewards Credit cards have the more restrictive version of the new limitations. The terms state that you can now just get one new card every two years, regardless if you have that specific card or not at the time of application.

This card will not be available to you if you currently have or have had the card in the preceding 24 month period.

Alaska Airlines Business Credit Card

The new 24-months restriction is not yet showing in the business version of the Alaska Airlines card. And it’s actually mentioned in the personal card that the rule does not apply to the business credit card product. Hopefully this one will not be affected.


Bad news from Bank of America to start the new year. The Alaska Airlines card was one card that you could get multiple times and that’s probably the reason for the new restrictions. Now most BofA cards are limited to just once every two years, but at least the Cash Rewards and Travel Rewards cards give you the option to cancel and apply again within that time period.

HT: Doctor of Credit

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.



Please enter your comment!
Please enter your name here


  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!