Capital One 2 Card Rule

[onepeace25]

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. 

[FinStar]

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?

[onepeace25]

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/

[ficosuave]

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.

[FinStar]

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@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/

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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.

[onepeace25]

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

[Steveo777]

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.

[SoCalGardener]

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@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. 

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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.

[TJN]

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@SoCalGardener wrote:

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

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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.  

[Trini88]

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 🤔