You can have 2 Capital One cards at one time. This rule went into effect in 2011 and applies to most of Capital One’s consumer credit cards. The Capital One Secured Mastercard and Capital One’s co-branded cards (like the Saks Mastercard) do not count in the two-card limit. Neither do Capital One’s business credit cards.
People who already had more than two Capital One credit card accounts before the rule went into effect were grandfathered in and allowed to keep all of their cards. Some cardholders who had cards from banks that were later acquired by Capital One (like HSBC) were also allowed to retain their cards despite the two-card rule.
Even with a two-card restriction, Capital One still offers some of the best rewards potential in the credit card game. A popular combo is the Capital One Venture card paired with the Capital One Savor card. You can use the Savor card to maximize your rewards on food and entertainment purchases, and the Venture card for everything else. Both cards come with a big signup bonus for spending $3,000 in the first three months: a $300 bonus from Savor and 50,000 miles from Venture (equal to $500 when redeemed for travel). Each card has a $95 annual fee that’s waived the first year, so you can see if the combo is right for you before you have to pay anything up front.
A cardholder can only have two Capital One-directly issued credit cards. They will reject any application for a third card. Nevertheless, this restriction doesn't apply for co-branded cards like the Cabela's and BuyPower and to their secured card. So technically you can have a third and maybe even a fourth Capital One credit card in your wallet.
A Capital One credit card upgrade is a possibility, especially for Capital One Platinum cardholders. You simply need to call the number on the back of your card and ask them. There's one drawback, though. Capital One will pull your credit report and that's a hard inquiry, which will cause your credit score to temporarily dip. And too many hard inquiries can make it harder to be approved for future credit cards and other loans, so be smart about it.… read full answer
However, there is no credit check if you’re responding to an upgrade offer Capital One sent you either by mail or through your online account. You are under no obligation to accept an offer to upgrade.
If you do upgrade a Capital One account, your current APR and credit limit will remain the same unless it states otherwise in your upgrade offer. Your card number will remain unchanged, which will allow you to use your current card until the upgraded card arrives. You should receive the new card within 7 to 10 business days.
By all accounts, you will not be able to obtain a Chase-branded credit card if you’ve opened five or more credit card accounts — from any issuer — in the past 24 months, including co-branded cards such as those affiliated with airlines or hotel chains. In fact, Chase is credited with not only popularizing this so-called 5/24 rule, but actually creating it. So while you might not see this policy spelled out in a Chase card’s terms, as Chase has posted and subsequently removed such language in the past, it would be unwise to gamble on it not being in effect.… read full answer
While this unofficial policy might at first be frustrating, it’s important to recognize that it could ultimately be to your benefit. Too many credit card applications within a short period can damage your credit standing enough to cause rejection even without an account limit in place. It simply signals a desperation for credit that issuers’ underwriting algorithms equate with greater risk.
Besides, even if you’re employing the Island Approach, five cards is plenty. You could, for example, get the best cash-back credit card on the market as well as the best travel rewards card, the best balance-transfer card and the best new-purchase financing card, and still have room for your favorite retailer’s store card. You can learn more about how to identify your ideal number of credit cards in this guide, and you can check your credit score for free to better target your applications.
You can have two Discover credit cards at once as the primary accountholder. But to get your second Discover card, you must have had the first card open for at least one year. Your two Discover cards can be different or the same, such as two Discover it Cash Back cards. Some people might get two of the same card to get around quarterly spending limits for bonus categories (e.g. $1,500 spent on each card, rather than just one). But if you want two Discover cards, it’s probably best to have them cover different needs. For example, you could get Discover it Chrome for your everyday spending and Discover it Miles for travel purchases.… read full answer
If you apply for a second Discover card online, you might receive a notice asking you to call Discover. This is just a courtesy to verify that you want the second card.
Discover offers 8 credit cards to choose from: Discover it Cash Back, Discover it Student Cash Back, Discover it Chrome, Discover it Student Chrome, Discover it Balance Transfer, Discover it Miles, Discover it Secured and the Discover it NHL card. While you can only pick two to open yourself, you can also be an authorized user on as many cards as you want.
Here are how many Discover cards you can have:
As a primary cardholder: Up to two accounts. You must have the first card open for a year before getting a second.
Per account: You can get up to five cards for authorized users per account.
As an authorized user: There’s no limit reported for how many Discover accounts you can be an authorized user on.
Applying for a second Discover credit card account is the same as applying for your first. There will be a hard credit inquiry, and approval will depend on your annual income, expenses and credit history. You can use Discover’s pre-approval tool to find out which card you have a good chance of getting.
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