Cap1 limit 2 cards?

[skigirl916]

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@Anonymous wrote:
There is no limit. EO confirmed and my father has 3, all from Capital One. I had 3 but closed 2. None of them were ever orchard bank or HSBC.

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Not true either.  There is a limit.  It's 5. 

ADDITIONAL DISCLOSURES & TERMS AND CONDITIONS

I am applying to Capital One Bank (USA), N.A. (Capital One®) for a credit card account. By applying, I understand that I am not eligible for this offer if:

• My application is received after this offer has expired, is missing required information or the information is unreadable, inaccurate or cannot be verified.
• My address is: a) outside of the 50 United States, Washington, D.C., or a U.S. military location; b) a correctional institution.
• My monthly income does not exceed my monthly rent/mortgage payment by at least $425 (my monthly income is my disclosed total annual income divided by 12) or I am otherwise determined to be unable to make my monthly payments based on income, estimated living expenses and other debt I am responsible for.
• I am under 18 years of age or do not have a valid Social Security Number or Individual Taxpayer Identification Number.
• I have previously applied for a Capital One credit card 2 or more times in the last 30 days.
• I have 5 or more open credit card accounts with Capital One.
• I have a Capital One credit card that is past due.
• I am over my credit line on a Capital One credit card.
• I have had a Capital One credit card that has charged off within the past year.
• I have a non-discharged bankruptcy (one that is still unresolved).
• I do not have a credit report with any of the credit reporting agencies Capital One currently uses.

[skigirl916]

ADDITIONAL DISCLOSURES & TERMS AND CONDITIONS

I am applying to Capital One Bank (USA), N.A. (Capital One®) for a credit card account. By applying, I understand that I am not eligible for this offer if:

• My application is received after this offer has expired, is missing required information or the information is unreadable, inaccurate or cannot be verified.
• My address is: a) outside of the 50 United States, Washington, D.C., or a U.S. military location; b) a correctional institution.
• My monthly income does not exceed my monthly rent/mortgage payment by at least $425 (my monthly income is my disclosed total annual income divided by 12) or I am otherwise determined to be unable to make my monthly payments based on income, estimated living expenses and other debt I am responsible for.
• I am under 18 years of age or do not have a valid Social Security Number or Individual Taxpayer Identification Number.
• I have previously applied for a Capital One credit card 2 or more times in the last 30 days.
• I have 5 or more open credit card accounts with Capital One.
• I have a Capital One credit card that is past due.
• I am over my credit line on a Capital One credit card.
• I have had a Capital One credit card that has charged off within the past year.
• I have a non-discharged bankruptcy (one that is still unresolved).
• I do not have a credit report with any of the credit reporting agencies Capital One currently uses.

[Broke_Triathlete]

Good post Skigirl. Finally a difinitive answer. I've read several threads saying 2 cards!

[skigirl916]

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@Broke_Triathlete wrote:

Good post Skigirl. Finally a difinitive answer. I've read several threads saying 2 cards!

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Maybe there's some confusion with the line above the 5 limit?: "I have previously applied for a Capital One credit card 2 or more times in the last 30 days."

Perhaps back-to-back applications is where there's a snafu?

[skigirl916]

Well hey, check this out!

Limit of 2 (Platinum): http://www.capitalone.com/credit-cards/classic-platinum/disclosures/

Limit of 5 (Venture): http://www.capitalone.com/credit-cards/venture-rewards/disclosures/

Kept Googling.  Found a max of 2 for Journey, max of 5 for QS, max of 2 for QSO.  So, looks like if you're going with their "lower" card, your max is 2.  If you're going with their "higher" card, the max is 5.

Hmph.

[pazuzu]

The 1st acct is eligible for a pc to QS, but that doesn't help the CL.

I am going to close the 2nd acct anyway.

[CreditCuriosity]

Alittle off topic have a QS with a 4500 CL and the other QS with a 500 dollar limit after credit steps...   What the heck is 500 limit going to do me?  I hear of all these ppl getting 3k CLI's after 6 months, not for me on the 500 dollar limit one.  I am not about to go through the EO office on that one I will just close it as it won't hurt my Util at all.  Cap One is a weird weird lender.

[Broke_Triathlete]

After credit steps? What was the limit prior? $300?

[CreditCuriosity]

Yep Pathetic.  Anyways, only hurt to me was the 3 bureau pull...   Utilization is trival with regards to credit lines when you factor in a small 500..  Seems like capital one likes people with around 600-620 equifax scores starts then from 300-1k then boosts them to 3k.  Anyways, time to close it out.  No loss to them nor myself.   I will keep the higher limit one open.

I could be way off base as C1, makes no sense.  Even ppl with 750 scores will get 500 lines of credit.. shrug.

[Broke_Triathlete]

It honestly makes NO sense. When I got approved for my cards I had a CS of 610 and I started with $3K each (where I'm at now). Waiting for the steps increase and hoping to get to $5K. I've ran a lot through them and pay the card off weekly.

[Anonymous]

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@CreditCuriousity wrote:

Yep Pathetic.  Anyways, only hurt to me was the 3 bureau pull...   Utilization is trival with regards to credit lines when you factor in a small 500..  Seems like capital one likes people with around 600-620 equifax scores starts then from 300-1k then boosts them to 3k.  Anyways, time to close it out.  No loss to them nor myself.   I will keep the higher limit one open.

I could be way off base as C1, makes no sense.  Even ppl with 750 scores will get 500 lines of credit.. shrug.

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Perhaps income and all outstanding credit might be a factor here?