No, you cannot have two Capital One Platinum cards. Capital One limits its consumer cards to two per primary cardholder, and they cannot be the same card. There’s also a limit of one Capital One credit card application every six months. A Platinum cardholder will need to own the card for at least that long before applying for a second card, as long as it’s not another Platinum card.
There is a way, however, to have access to two Capital One Platinum cards without having to submit a second application. If you’re the primary cardholder for a Platinum card, you could also sign up as an authorized user on someone else’s Platinum card account. You would then have access to a pair of Platinum accounts, both with your name printed on the card.
There is no predefined number of Capital One cards you can have at a time. More specifically, you can have as many Capital One credit cards as your credit would allow. Approval would be based on your credit history, your income and any potential debt you might have.
Both cards come with a good signup bonus: Capital One Savor comes with $300 for spending $3,000 in the first 3 months. With Capital One Venture, you earn 100,000 miles for spending $20,000 in the first 12 months or 50,000 miles for spending $3,000 in the first 3 months. Capital One Savor has an annual fee of $95, and Capital One Venture’s annual fee is $95.
The Capital One Platinum credit limit is $300 or more, depending on your creditworthiness. So as long as you’re approved for the card, you’re guaranteed at least a $300 spending limit. But if your credit score and income exceed what Capital One is looking for, you could definitely start off with a higher limit.… read full answer
Keep in mind that you aren’t stuck with your starting Capital One Platinum credit limit forever. Capital One may increase your limit if you make your first 6 payments on time. You can also request an increase yourself. Many users report their limits increasing over time.
Here are some Capital One Platinum credit limit details:
You’re guaranteed a credit limit of at least $300 if you’re approved for Capital One Platinum.
Capital One Platinum accepts applicants with limited. If you have good credit or a lot of income relative to your debt, you’ll likely start with a higher limit.
Capital One may increase your credit limit after you make your first 6 monthly payments on time. After the first 6 months, they will review your account periodically to see if you deserve a higher limit. Pay more than the minimum each month, if possible, to boost your chances.
You can request a credit limit increase yourself by calling customer service at (800) 227-4825. You can also log into your Capital One account. Just choose “Request Credit Line Increase” from the “Services” tab. You’ll have to provide information about your income and employment for Capital One to make their decision.
So, you’ll get $300+ from Capital One Platinum to start. If you use your card responsibly, you’ll provide yourself with opportunities to increase your limit. But it’s best not to ask for an increase before six months of on-time payments, as you’ll probably be denied. If you do request an increase, Capital One may generate a hard inquiry, or “hard pull,” of your credit report. This will cause a slight drop in your credit score. That’s pretty standard.
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