topic Re: Capital One '6 Month Rule' Question in Credit Cards

Capital One '6 Month Rule' Question

Anonymous — Sun, 23 Dec 2018 23:56:10 GMT

Hi folks,

I have a quick question regarding Capital One's 6-month rule. Is it interpreted as the act of applying for a credit card once per 6 months whether you're approved or denied, or is the rule referencing only being able to be approved for a card once every 6 months?

I may have asked that question in a convoluted way. My apologies if so!

Thank you~

Re: Capital One '6 Month Rule' Question

simplynoir — Mon, 24 Dec 2018 00:11:12 GMT

I would assume the clock starts once you get approved for the card itself and not just the application. My understanding is CapOne will not do any HPs anyways if you're not eligible to apply for any of their cards during that six month cooldown period.

Re: Capital One '6 Month Rule' Question

3se7ens — Mon, 24 Dec 2018 00:14:27 GMT

Capital One 1/6 Rule Summary:

You can only apply for one Capital One credit card per six months; 1/6 rule.
Automated System Denial; Any cards that are applied for past 1/6 won’t be processed at all and no hard pull is done.
All credit cards are included in this rule, both personal card and business cards. So, for example, if you apply for the Venture Card, you won’t be able to apply for Spark for Business until six months later.
As long as you’re approved, you could get the bonus on a new card, even if you have the exact same card already.
You can still have multiples of the same card open at the same time if you space out the applications. e.g. two Ventures or two Sparks for Business.

Re: Capital One '6 Month Rule' Question

Anonymous — Mon, 24 Dec 2018 00:14:33 GMT

Ah okay, and you're only able to hold 2 Capital One cards at a time, right?

Re: Capital One '6 Month Rule' Question

Anonymous — Mon, 24 Dec 2018 00:15:20 GMT

Hey, thanks for the detailed explanation. I appreciate it.

Re: Capital One '6 Month Rule' Question

simplynoir — Mon, 24 Dec 2018 00:38:00 GMT

@Anonymous wrote:
Ah okay, and you're only able to hold 2 Capital One cards at a time, right?

If they are sub-prime cards yes they limit you to two. Wtih the prime cards (Savor, QS, Venture, etc.) I do not believe there is any hardcap on # cards you can hold I'm aware of.

Re: Capital One '6 Month Rule' Question

kdm31091 — Mon, 24 Dec 2018 00:51:12 GMT

@3se7ens wrote:
Capital One 1/6 Rule Summary:
You can only apply for one Capital One credit card per six months; 1/6 rule.
Automated System Denial; Any cards that are applied for past 1/6 won’t be processed at all and no hard pull is done.
All credit cards are included in this rule, both personal card and business cards. So, for example, if you apply for the Venture Card, you won’t be able to apply for Spark for Business until six months later.
As long as you’re approved, you could get the bonus on a new card, even if you have the exact same card already.
You can still have multiples of the same card open at the same time if you space out the applications. e.g. two Ventures or two Sparks for Business.

This is still slightly confusing to me. You can only "apply" meaning an application will only even be considered every 6 months? Or you can only be approved every six months?

Not sure the second bullet point is entirely true, as I've seen people apply for more than one C1 card within 6 months and get pulled again in that timeframe. YMMV I guess. I tried for the Savor twice in 2017 and got triple pulled both times and denied, and I don't think it was six months apart at all, maybe 3 months.

Re: Capital One '6 Month Rule' Question

Anonymous — Mon, 24 Dec 2018 01:14:10 GMT

I got my QSOne card in August and 3 months later I was approved for the Plat card. So not sure if I was lucky or what.

Re: Capital One '6 Month Rule' Question

3se7ens — Mon, 24 Dec 2018 01:39:38 GMT

Understanding Rewards Credit Card Application Rules and Restrictions (Updated December 2018)

This makes it pretty clear.

Re: Capital One '6 Month Rule' Question

HeavenOhio — Mon, 24 Dec 2018 04:24:18 GMT

@Anonymous wrote:
Ah okay, and you're only able to hold 2 Capital One cards at a time, right?

You'll be denied for the Secured Mastercard, Journey, Platinum, and QuicksilverOne if you currently have two or more Capital One Cards.

You'll be denied for the Venture, VentureOne, Savor, SavorOne, Quicksilver, and Spark cards if you currently have five or more Capital One cards.