topic Re: Capital One 2 Card Rule in Credit Cards

Capital One 2 Card Rule

onepeace25 — Thu, 03 Mar 2022 03:49:25 GMT

Hey Guys, first post here but I've been in the game a few years now. I had a question regarding the capital one 2 personal card rule. I have the Savor One and the Quicksilver card. I have been looking into the Venture X card, and got denied a couple months ago. I just learned about the 2 card rule that Capital One has. Is my best option to just cancel maybe the Quicksilver to later apply for the Venture X. Just want to get yalls perspective on this.

Re: Capital One 2 Card Rule

FinStar — Thu, 03 Mar 2022 04:27:46 GMT

Hi @onepeace25 - welcome to the forums

The two card rule is only applicable to their subprime cards. I believe you can have up to 5 (someone correct me on the count if it's changed) of their non-subprime versions.

So, it's not necessary to close any of your current Capital One cards. Though, keep in mind that the minimum starting limit for Venture X is $10K. In order to qualify, you may need some history of revolving cards with limits in the $5K range (or higher). How soon are you looking into the Venture X?

Re: Capital One 2 Card Rule

onepeace25 — Thu, 03 Mar 2022 04:37:10 GMT

Hey @FinStar , appreciate your response. I'm not looking to get it anytime soon. I just got approved for the Citi Custom Cash today and plan to get a mortgage soon, but I do like to plan ahead. I saw on ask sebbys website thay mentioned it wasn't allowed. I hope theyre wrong because I would love to add the venture x in maybe 5 or 6 months. I also saw this post from the points guy https://www.google.com/amp/s/thepointsguy.com/guide/credit-card-application-restrictions/amp/

Re: Capital One 2 Card Rule

ficosuave — Thu, 03 Mar 2022 05:37:18 GMT

It seems less clear now, but this was previously a common misconception. There used to be different distinctions in the application terms depending on whether it was a subprime (max 2) or prime (max 5) card. Don't see that in the terms anymore though. Just that they won't approve if you've applied twice or more within the last 30 days.

Re: Capital One 2 Card Rule

FinStar — Thu, 03 Mar 2022 05:42:24 GMT

@onepeace25 wrote:
Hey @FinStar , appreciate your response. I'm not looking to get it anytime soon. I just got approved for the Citi Custom Cash today and plan to get a mortgage soon, but I do like to plan ahead. I saw on ask sebbys website thay mentioned it wasn't allowed. I hope theyre wrong because I would love to add the venture x in maybe 5 or 6 months. I also saw this post from the points guy https://www.google.com/amp/s/thepointsguy.com/guide/credit-card-application-restrictions/amp/

Unfortunately, AskSebby's site and/or YT channel tends to have a lot of misinformation, especially since their social media platforms are monetized. So, I would take anything on those sites with a grain of salt.

That being said, I can honestly tell you that a lot of our members here collectively provide a wealth of experiences + DPs. For instance, there was a time before I consolidated most of my Capital One core CCs (when account consolidations were possible), I used to have 4 of their core cards.

Since you have plenty of time before you apply for Venture X, other members will likely chime with their experiences as far as the number of Capital One core CCs they have/had.

Re: Capital One 2 Card Rule

onepeace25 — Thu, 03 Mar 2022 15:44:09 GMT

@ficosuave @FinStar Appreciate that guys, I'll just wait before applying again. Would love to start to travel now that I have a career

Re: Capital One 2 Card Rule

Steveo777 — Thu, 03 Mar 2022 22:46:06 GMT

When I log into my Capital One APP, I have my Quicksilver One, Walmart MC and Cabela's MC showing, so I'm not sure how this works. Two are cobranded cards, so do they count against the 5, the QS1 against the two subprime rules? I'm not clear as to how they categorize the WM and Cabela's cards.

Re: Capital One 2 Card Rule

SoCalGardener — Fri, 04 Mar 2022 00:46:56 GMT

@onepeace25 wrote:
Hey Guys, first post here but I've been in the game a few years now. I had a question regarding the capital one 2 personal card rule. I have the Savor One and the Quicksilver card. I have been looking into the Venture X card, and got denied a couple months ago. I just learned about the 2 card rule that Capital One has. Is my best option to just cancel maybe the Quicksilver to later apply for the Venture X. Just want to get yalls perspective on this.

Welcome to the forum! You're in a great place for all things credit, with lots of helpful and knowledgeable people.

Contrary to other people's experience, I have a 3-card limit with Cap1. I do not now, nor have I ever had a subprime card with them. I have a QS Mastercard, a QS Visa, and a Walmart Rewards MC. Some time back I was playing around on their pre-approval page and submitted my info. It immediately came back with a message about having 'too many cards' with Cap1, and being ineligible for more.

That was a good year ago, if not more, so I don't know if anything has changed, but since I want to get out of Cap1, not add more of their cards, I won't even explore it now.

FWIW, I already had both Quicksilver cards when Cap1 acquired the WM MC, making a total of three. I don't know how or if anything would be different if my configuration was different.

Re: Capital One 2 Card Rule

TJN — Fri, 06 May 2022 19:35:09 GMT

@SoCalGardener wrote:
It immediately came back with a message about having 'too many cards' with Cap1, and being ineligible for more.

Sorry, I know this is an old thread. I've been using the preapproval tool for months to judge my acceptance for the Venture X. It's been giving me cards I'm preapproved for for several months and suddently gave me this same error last month.

I only have two Cap One cards, a QS1 (subprime) and a VentureOne which was upgraded to from a Subprime QS1. I'm not sure if I technically have two subprime cards or 1-and-1 but either way I'm surprised I'd be over the card limit.

Re: Capital One 2 Card Rule

Trini88 — Fri, 06 May 2022 20:22:41 GMT

I have a Quicksilver, SavorOne and Walmart MC with Capital One. I would love the VentureOne but Capital one told me last year I had too many cards with them. I just did the preapproval again just to see exactly what they said and apparently I'm at the limit for their core cards lol. If they consider having a quicksilver and SavorOne their limit...then why when I plug my husbands info in (he has a quicksilver and quicksilver one), they prequalified him for the SavorOne 🤔

Re: Capital One 2 Card Rule

FinStar — Fri, 06 May 2022 22:26:31 GMT

@Trini88 wrote:
I have a Quicksilver, SavorOne and Walmart MC with Capital One. I would love the VentureOne but Capital one told me last year I had too many cards with them. I just did the preapproval again just to see exactly what they said and apparently I'm at the limit for their core cards lol. If they consider having a quicksilver and SavorOne their limit...then why when I plug my husbands info in (he has a quicksilver and quicksilver one), they prequalified him for the SavorOne 🤔

My understanding is they will consider the Walmart MC as part of that mix, not just core cards in general. Same for those profiles who may have the Cabela's/BassPro MC. One may say... well, it's a co-branded/PLCC... it shouldn't count, but it appears that when the Cabela's portfolio was acquired, it became part of the count and the same thing happened with the Walmart MC. There could be some internal exceptions, but it also may depend on the account types as well (i.e. prime vs subprime).

Re: Capital One 2 Card Rule

Trini88 — Sat, 07 May 2022 02:08:05 GMT

@FinStar wrote:
@Trini88 wrote:
I have a Quicksilver, SavorOne and Walmart MC with Capital One. I would love the VentureOne but Capital one told me last year I had too many cards with them. I just did the preapproval again just to see exactly what they said and apparently I'm at the limit for their core cards lol. If they consider having a quicksilver and SavorOne their limit...then why when I plug my husbands info in (he has a quicksilver and quicksilver one), they prequalified him for the SavorOne 🤔
My understanding is they will consider the Walmart MC as part of that mix, not just core cards in general. Same for those profiles who may have the Cabela's/BassPro MC. One may say... well, it's a co-branded/PLCC... it shouldn't count, but it appears that when the Cabela's portfolio was acquired, it became part of the count and the same thing happened with the Walmart MC. There could be some internal exceptions, but it also may depend on the account types as well (i.e. prime vs subprime).

Thank you! I was confused about it because someone I watched on YouTube literally has a Platinum,Quicksilver,SavorOne,Walmart AND a Kohls card and I'm like.....how!

Re: Capital One 2 Card Rule

Creditin — Sun, 08 May 2022 15:29:01 GMT

I received a cross shredder yesterday. It has an icon to cut credit cards.

I decided to test is with the Cap1 plat. It was so smooth, I used with the QS too.

Then the Walmart Rewards. Also bucketed. For this one, you have to call.

The others, just nix 'em in the webpage. Gone in 2 minutes.

Maybe the don't consider the WR a subprime card. Even if it is.

Cheers.

Re: Capital One 2 Card Rule

Brenke — Thu, 14 Jul 2022 14:35:41 GMT

@TJN wrote:

@SoCalGardener wrote:
It immediately came back with a message about having 'too many cards' with Cap1, and being ineligible for more.
Sorry, I know this is an old thread. I've been using the preapproval tool for months to judge my acceptance for the Venture X. It's been giving me cards I'm preapproved for for several months and suddently gave me this same error last month.

I only have two Cap One cards, a QS1 (subprime) and a VentureOne which was upgraded to from a Subprime QS1. I'm not sure if I technically have two subprime cards or 1-and-1 but either way I'm surprised I'd be over the card limit.

Hey buddy, one quick question: Did they hard pull you when you upgraded from QS1 to VentureOne? Thanks in advance for your answer?

Re: Capital One 2 Card Rule

OmarGB9 — Thu, 14 Jul 2022 19:14:35 GMT

@Brenke wrote:
@TJN wrote:

@SoCalGardener wrote:
It immediately came back with a message about having 'too many cards' with Cap1, and being ineligible for more.
Sorry, I know this is an old thread. I've been using the preapproval tool for months to judge my acceptance for the Venture X. It's been giving me cards I'm preapproved for for several months and suddently gave me this same error last month.

I only have two Cap One cards, a QS1 (subprime) and a VentureOne which was upgraded to from a Subprime QS1. I'm not sure if I technically have two subprime cards or 1-and-1 but either way I'm surprised I'd be over the card limit.
Hey buddy, one quick question: Did they hard pull you when you upgraded from QS1 to VentureOne? Thanks in advance for your answer?

No HP for an upgrade.

Re: Capital One 2 Card Rule

CreditMagic7 — Thu, 14 Jul 2022 19:23:35 GMT

Quick question. Does the Capital One 2 card rule apply to co-brands of theirs too or only the Primes?

Re: Capital One 2 Card Rule

Trini88 — Thu, 14 Jul 2022 20:12:16 GMT

@CreditMagic7 wrote:
Quick question. Does the Capital One 2 card rule apply to co-brands of theirs too or only the Primes?

Re: Capital One 2 Card Rule

CreditMagic7 — Thu, 14 Jul 2022 23:39:34 GMT

@Trini88 wrote:
@CreditMagic7 wrote:
Quick question. Does the Capital One 2 card rule apply to co-brands of theirs too or only the Primes?

Woot! Good to know. I can wait them out long as it takes for them to loosen up.

Re: Capital One 2 Card Rule

learningcredit54 — Fri, 15 Jul 2022 15:39:45 GMT

Not sure what the rules are but I can speak on what I have with Capital One. I currently hold the SAVORONE, QUIKSILVERONE, and SECURED PLATINUM. However that seems to be my limit as pre approval page says that I now hold too many of their cards.

Re: Capital One 2 Card Rule

Trini88 — Fri, 15 Jul 2022 18:36:19 GMT

On a side note, out of nowhere, maybe because my SavorOne passed the one year mark, I just checked their preapproval and I'm HIGHLY confused because I'm preapproved now for their Platinum, Quicksilver and their SavorOne. I'm confused on the SavorOne because to my knowledge you can only hold one....