Cap One Number of Cards Question

[Anonymous]

I have had good luck with Cap One. Background Info...I'm post Ch 7 (discharged 3 years ago) and Cap One was my first unsecured card.

Fast Forward...I have had the original card that was subprime with a CLI up to $3500

I had another subprime that they actually converted to a QS with a $1750 CL

Within the past year, I have been approved for Sony $3000 and Platinum $3000. Last month, I was approved for Venture 1 with 15k CL.

So, after reading the boards, I thought I'd go for another Venture or QS for another big CL. But, they denied both due to number of accounts open. They suggested closing the oldest so I did.

When should I re-app?

[Anonymous]

Website says 30 days between applications.

[Anonymous]

Why did you close your oldest account?  Although it will remain on your report for 10 years, that is not good.  Your oldest accounts helps your AAoA.  Also, that is a lot of CAP 1 cards and you should diversify your credit portfolio.

Lastly, you can only have 5 cards with CAP 1 and have to wait 30 days to re-apply..