topic Re: Cap 1 two personal cards rule solution? in Credit Card Applications

Cap 1 two personal cards rule solution?

ficomember — Sat, 26 Sep 2020 17:41:18 GMT

Hello I have one cap 1 personal card and quicksilver card. I'm thinking of canceling the quicksilver since I hardly use it. Once it's closed, does that mean I can pick up another personal card such as the current 100k miles venture card? If yes, how much time I should wait before applying? I also have two business cards with them but it's my understanding those don't count against the 2 cards rule.

Re: Cap 1 two personal cards rule solution?

OmarGB9 — Sat, 26 Sep 2020 18:40:26 GMT

Yes, you could. I'd wait 6-12 months before applying for that new card. What's the "personal" card though? Did you mean Platinum?

Re: Cap 1 two personal cards rule solution?

ficomember — Sat, 26 Sep 2020 18:52:33 GMT

Yes the platinum card. Low CL but that's my oldest and first ever card, so don't want to cancel it. Unless I can upgrade to something else that's useful!

back to the subject, I hope that 100k miles is still around for another 6 months 😂

Re: Cap 1 two personal cards rule solution?

OmarGB9 — Sat, 26 Sep 2020 19:00:02 GMT

You can check for an upgrade on your platinum here: https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade

And well, you can try re-applying maybe in 3 months if you'd like. I was just suggesting waiting a bit longer to maybe put more time between the closure and a new app.

Re: Cap 1 two personal cards rule solution?

rostrow416 — Sat, 26 Sep 2020 19:01:35 GMT

Secured, Platinum, QuicksilverOne and *maybe* Walmart and BuyPower don't count towards the 2 card rule. Venture, Savor, and QuickSilver do.

I have the QuicksilverOne, Platinum, and BuyPower.

Re: Cap 1 two personal cards rule solution?

ficomember — Sat, 26 Sep 2020 19:04:45 GMT

@rostrow416 wrote:
Secured, Platinum, QuicksilverOne and *maybe* Walmart and BuyPower don't count towards the 2 card rule. Venture, Savor, and QuickSilver do.

I have the QuicksilverOne, Platinum, and BuyPower.

Oh to confirm, are you saying that my platinum doesn't count against two cards rule? I do have quicksilver so that's 1.

Re: Cap 1 two personal cards rule solution?

Anonymous — Sat, 26 Sep 2020 19:48:43 GMT

The two card rule applies to their starter cards- platinum, journey, and quicksilver one I think.

You can only have up to two of those. You can have up to 5 total Capital One cards. This is according to the terms stated when applying for their other cards like Savor, Venture, and Walmart card. I have three Capital One cards.

Re: Cap 1 two personal cards rule solution?

Ficoproblems247 — Sat, 26 Sep 2020 21:11:46 GMT

@Anonymous wrote:
The two card rule applies to their starter cards- platinum, journey, and quicksilver one I think.

You can only have up to two of those. You can have up to 5 total Capital One cards. This is according to the terms stated when applying for their other cards like Savor, Venture, and Walmart card. I have three Capital One cards.

+1. You do not need to close any cards to apply for the Venture.

Re: Cap 1 two personal cards rule solution?

NoMoreE46 — Sat, 26 Sep 2020 23:15:08 GMT

Just looked at the offer:

100,000 miles SUB with $20,000 spend in 12 months. (I know we would never be able do that.)

Looking forward to see you get this SUB @ficomember !

Re: Cap 1 two personal cards rule solution?

OmarGB9 — Sat, 26 Sep 2020 23:29:57 GMT

@NoMoreE46 wrote:
Just looked at the offer:
100,000 miles SUB with $20,000 spend in 12 months. (I know we would never be able do that.)

Looking forward to see you get this SUB @ficomember !

That sounds like a lot, but it comes out to only about $1667 a month. If you factor in car insurance, homeowners insurance (maybe), groceries, dining, entertainment, gas, and perhaps rent if one could manage to work that in there, it wouldn't be too bad. Basically using it as a daily driver for a year. I suppose it largely depends on one's income and monthly expenses.

Re: Cap 1 two personal cards rule solution?

Anonymous — Mon, 28 Sep 2020 01:25:19 GMT

Lol sorry but that's an absurd SUB spend requirement.

Re: Cap 1 two personal cards rule solution?

ToxikPH — Mon, 28 Sep 2020 01:49:19 GMT

@Anonymous wrote:
Lol sorry but that's an absurd SUB spend requirement.

It is but it works out to 5% on everything if you can hit it. Could be worth more if you transfer to a good travel partner.

Re: Cap 1 two personal cards rule solution?

Anonymous — Mon, 28 Sep 2020 02:40:01 GMT

I clicked on that, gave me the option to change my quicksilver into a venture or venture one card.....I would like to change up my platinum to be honest.

@OmarGB9 wrote:
You can check for an upgrade on your platinum here: https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade

And well, you can try re-applying maybe in 3 months if you'd like. I was just suggesting waiting a bit longer to maybe put more time between the closure and a new app.

Re: Cap 1 two personal cards rule solution?

Brian_Earl_Spilner — Mon, 28 Sep 2020 02:51:38 GMT

@Anonymous wrote:
I clicked on that, gave me the option to change my quicksilver into a venture or venture one card.....I would like to change up my platinum to be honest.
@OmarGB9 wrote:
You can check for an upgrade on your platinum here: https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade

And well, you can try re-applying maybe in 3 months if you'd like. I was just suggesting waiting a bit longer to maybe put more time between the closure and a new app.
@OmarGB9 wrote:
You can check for an upgrade on your platinum here: https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade

And well, you can try re-applying maybe in 3 months if you'd like. I was just suggesting waiting a bit longer to maybe put more time between the closure and a new app.

Call and see if there's an offer on the Platinum. You have one on the QS so the chance is pretty high.

Re: Cap 1 two personal cards rule solution?

Anonymous — Mon, 28 Sep 2020 03:01:53 GMT

I'll have to do so, not sure I'll put any real spend on it though, I have too many medicore cards as is, and just got in the amex family, that I'm hoping to expand on.