topic Re: QS1 HOW MANY CAN I hAVE in Credit Cards

QS1 HOW MANY CAN I hAVE

Anonymous — Sun, 15 May 2016 09:18:44 GMT

I have a QS WMC - do you think C1 would allow me to app for a Qs1 and whats the most anyone every owned

Re: QS1 HOW MANY CAN I hAVE

RonM21 — Sun, 15 May 2016 11:54:03 GMT

I'm sure someone has done it. So you have a regular QS, and want a QS1?

Re: QS1 HOW MANY CAN I hAVE

Anonymous — Sun, 15 May 2016 15:11:17 GMT

Why do you want more than one? Pretty redundant and won't really help your credit

Re: QS1 HOW MANY CAN I hAVE

Anonymous — Sun, 15 May 2016 16:24:59 GMT

@Anonymous wrote:
I have a QS WMC - do you think C1 would allow me to app for a Qs1 and whats the most anyone every owned

Yes, you can apply and be approved for another Cap1 card. Cap1 allows multiple prime & multiple sub-prime accounts. I currently have a QS & a QS1 in my wallet.

Re: QS1 HOW MANY CAN I hAVE

creditguy — Sun, 15 May 2016 16:50:27 GMT

Yes you can have two Cap One subprime cards at any given time.

Re: QS1 HOW MANY CAN I hAVE

Credit_hawk — Sun, 15 May 2016 21:13:16 GMT

I'm very curious about the logic behind this. What would you gain from doing that?

Re: QS1 HOW MANY CAN I hAVE

Anonymous — Sun, 15 May 2016 21:24:37 GMT

Besides extra credit, nothing lol

Re: QS1 HOW MANY CAN I hAVE

Anonymous — Sun, 15 May 2016 21:33:12 GMT

@Credit_hawk wrote:
I'm very curious about the logic behind this. What would you gain from doing that?

Alternatively, you can also later combine the accounts, which is an avenue to create higher limit cards.

Re: QS1 HOW MANY CAN I hAVE

jamevfan — Sun, 15 May 2016 21:51:09 GMT

i currently have the Capital one secured card and the QS1 on the way,I hve no clue what I will do with either of them when I make it out of subprime but they are my first cards since rebuilding started, I will just learn from the advise everyone is getting to form my plan but I want a Chase and Discover next but eill wait until i have better chances...Good luck

Re: QS1 HOW MANY CAN I hAVE

Anonymous — Mon, 16 May 2016 00:04:47 GMT

I don't know why the OP is doing it, but I can explain some of the reasons for it. As of right now, the QS1 is the only card offering 0% APR through 2017 (available from Cap1). I did it to utilize the 0% APR to pay off student loans early and avoid accruing additional interest.
Alternatively, you can also later combine the accounts, which is an avenue to create higher limit cards.
I agree with you, that is the reason I'm doing it, will be doing some transfer to the new card and then combine at a later date for higher limit

Re: QS1 HOW MANY CAN I hAVE

jamevfan — Mon, 16 May 2016 13:32:14 GMT

how long would you wait before trying to transfer my Capital one secured care to my QS1 card. My secured card is about 5 months old and my QS! is still on the way

Re: QS1 HOW MANY CAN I hAVE

Anonymous — Mon, 16 May 2016 13:38:35 GMT

It would need to be converted to an unsecured card first I would imagine

Re: QS1 How Many Can I Have?

UncleB — Mon, 16 May 2016 13:40:37 GMT

@jamevfan wrote:
how long would you wait before trying to transfer my Capital one secured care to my QS1 card. My secured card is about 5 months old and my QS! is still on the way

If I recall correctly, secured cards aren't eligible to be combined with another card.

Re: QS1 HOW MANY CAN I hAVE

Anonymous — Tue, 17 May 2016 20:43:49 GMT

@jamevfan wrote:
how long would you wait before trying to transfer my Capital one secured care to my QS1 card. My secured card is about 5 months old and my QS! is still on the way

If I'm not mistaken, you'll need to wait until after it gets upgraded to a unsecured card. Once that happens, you'll just have to check the account combination availability periodically to see when they'll make the option available to you. Although, I do not personally have any experience with secured cards, so I can't give you any reference from experience.

Re: QS1 How Many Can I Have?

Namaste7 — Wed, 18 May 2016 01:01:00 GMT

This...

@UncleB wrote:
@jamevfan wrote:
how long would you wait before trying to transfer my Capital one secured care to my QS1 card. My secured card is about 5 months old and my QS! is still on the way
If I recall correctly, secured cards aren't eligible to be combined with another card.

AND...

At this time, Capital One does not graduate the secured card. You can either keep it open and request an AF waiver each year or close the card once it's achieved its purpose. Your QS1 can be upgraded to a QS MC with no annual fee; the timing can be as soon as 2-3 months or even up to a year - YMMV. Obtaining the World Mastercard (WMC) benefits is more difficult than the data points on the boards from 6+ months ago.