Capital One’s six month rule?

[pinkandgrey]

Has anyone had any success RECENTLY with getting multiple Cap1 cards within short periods of time? I hear there is a “only one every six months”  rule now. Do co-branded cards (GM Buypower for example) count? Also, if one were to try applying for a second card within less than six months, would there be a HP or would the application get stopped before pulling credit reports? 

[chaos51]

I think there a lot of DPs saying that you can't get another card within 6 months of each other. Also, it would probably be a hard pull on all 3 CBs.

[SomewhereIn505]

Each Cap One app is a HP for all 3 CB. 

Yes - you cannot get more than 1 credit card from Cap One less than 6 months. 

[Anonymous]

I just encountered this issue myself. I applied for the Cap One Secured Platinum and was approved at the end of last month. My Fico scores rose over 100 points on each of the big 3 during the last 3 weeks due collections being eliminated and a few other cards etc. I decided to apply for the Cap One unsecured platinum and recieved a letter telling me that I had recently had an application with them so I was not eligible at this time. There was no hard pull for me fortunately.

[Anonymous]

I've gotten one CLI on my Capital One Mastercard in over 7 years.  They always deny my requests, probably because I never use the card.

Good luck. 

[avp99]

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@SomewhereIn505wrote:

Each Cap One app is a HP for all 3 CB. 

Yes - you cannot get more than 1 credit card from Cap One less than 6 months. 

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I wonder if the 6 month rule applies when you PC.  Last month I did a PC from Platinum to QS. Have not tried to app for a new one yet, so not sure if the 6 month rule will apply in this situation.

[Anonymous]

avp99, PCs with Cap1 haven’t traditionally changed CLI schedules; I would think this would hold true for applications.
PCing doesn’t change your account number or ‘look like’ a new account, so I wouldn’t think it would reset a 6 month app clock

[SomewhereIn505]

PC just changes your terms, not the 6 month rule.

[pip3man]

This was actually a policy put in place to align with the company’s mission and “helping consumers make better and wise credit decision.” As a customer u may not understand but from the company’s perspective it makes perfect sense. In the past customers could apply for cards back to back and each application results in 3 HP across the bureaus. So if u applied for 2 cards that’s a total of 6 HPs. Hard inquiries has a subtle negative impact on your credit but having too many in a short period of time, lowers ur credit score and at the same time indicates aggressive Credit seeking behavior. So in other to protect and minimize the effect on u as a customer, limitations like this were put in place to allow sufficient time for your scores to recover from that initial impact of the HP. Also keep in mind, currently if u applied for a second product you’ll be declined without a HP. This is unlike in the past when there was always a HP for every application regardless of whether or not you were approved. Capital One is really changing the game and bringing a whole new perspective in financial technology. I used to be one of their biggest critics but now I have a better understanding of their business strategies 

[Anonymous]

I have been approved for multiple capital one cards since March 3018: platinum MC in March, quicksilver one in May and the co-branded PlayStation card and a Kohl’s both in June.