🏦 Bank of America (BOA) Personal Credit Cards
1️⃣ Application for Two Personal Cards:
• Cards to apply for:
✈️ Travel Rewards Personal Credit Card.
💵 Cash Rewards Personal Credit Card.
• Personal details to input:
💰 Annual income: $110,000–$135,000.
🏠 Monthly rent: $2,500.
👔 Occupation: Psychologist, Doctor, or Police/Law Enforcement.
2️⃣ Simultaneous Business Card Option:
• After applying for two personal cards, you may apply for one business card:
💼 Recommended: Travel Rewards Business Credit Card.
3️⃣ Alternative Approach for Business:
• Skip personal cards and apply for up to five business credit cards.
🏦 Recommended if the client has a BOA business account.
4️⃣ Sole Proprietor Option:
• If the client lacks an LLC but has a relationship with BOA:
💰 Business annual revenue: $200,000–$217,000.
💵 Personal annual income: $120,000.
👨💻 Employment: Marketer or Engineer.
⚠️ Avoid using household income (can lead to denial).
📌 General Guidelines for BOA and Other Institutions
1️⃣ Employment and Residency:
• For employment:
📍 30–50 years old or older: 20+ years of job tenure.
📍 Under 30: At least five years of job tenure.
• For residency:
🏠 Client has lived at their residence 5–10 years or more.
✅ Can state “rent-free” or “owns home free and clear.”