Can You Have Two Capital One Platinum Cards? (2024)

FAQs

Can You Have Two Capital One Platinum Cards? ›

Keyaira Sutton, WalletHub Analyst

The 2/3/4 rule: According to this rule, applicants are limited to two new cards in a 30-day period, three new cards in a 12-month period and four new cards in a 24-month period. The six-month or one-year rule: Some issuers may only let borrowers open a new credit card account once every six months or once a year.

The limit of five doesn't include any Amex cards that don't have a preset credit limit, such as the flagship Platinum Card® from American Express. There are a few examples of cards in this category on both the personal and business side, so in practice, you can have more than five active Amex accounts.

The Capital One Platinum credit limit can be as high as $3,000 according to online cardholder reports, but it will depend entirely on the specifics of each applicant's credit and their overall financial situation.

If you're wondering how many credit cards you should carry, there's no one-size-fits-all answer. Some experts recommend two or three accounts, as long as you use them responsibly. Your number ultimately depends on your personal situation, including your credit history, credit scores and financial goals.

You can have up to three separate 360 Checking accounts. If this is your first 360 Checking account, you're requesting that we automatically issue a debit card (the "Card") to you, and we'll automatically link each additional 360 Checking account to the debit card.

The most important rule to consider in collecting points is the “5/24 rule.” The rule is simple: If you get 5 personal credit cards in any 24-month period, you're automatically prohibited from getting a 6th Chase or Capital One card.

You can have two Credit One credit cards, but that might not be such a good idea, taking into consideration the annual fees, high APR and low credit limits. Keep in mind, though, that if you have a bunch of credit cards with high balances, it's quite possible you'll get denied for more credit.

How many Capital One cards can I have? Cardholders can have up to five open personal credit card accounts, but this may vary based on the specific cards held and the cardholder's account standing.

The annual fee is $195 for each Additional Platinum Card. Additional Card Members must be 13 years of age or older. Adding Card Members to your account can be a great way to maximize points-earning potential and extend benefits to those you care about.

What is the hardest Capital One card to get? ›

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

THE WINNER. Capital One Quicksilver is better than Capital One Platinum because it offers attractive rewards and a 0% introductory APR. Capital One Platinum doesn't offer low introductory rates or any kind of rewards – just the ability to build credit without paying an annual fee.

With the Platinum Mastercard, you'll automatically be considered for a credit limit increase in as little as six months. Using your card responsibly could increase your chances of receiving the increase.

Second-chance checking accounts allow those who have been denied a traditional account to open a specialized one to help them build a strong financial foundation. Financial institutions offering second-change checking accounts include Capital One, Chime, GO2bank, GTE Financial, Fifth Third, Varo and Wells Fargo.

Annual fees: Be aware of having multiple cards that charge annual fees. Paying these fees may mean that the cons outweigh the pros that may come with the card, like rewards or points. Harder to stay organized: The more cards you have, the easier it can be to forget to pay a bill on time or keep track of credit limits.

There's no rule dictating how often you can get a new credit card. But doing it too often might not be ideal. That's because applying for a card triggers a hard inquiry. A single hard inquiry from one credit card issuer generally has a small impact on your credit scores.

Capital One restricts customers to one personal and business card approval every six months. This shouldn't be too restrictive, considering Capital One doesn't have the same extensive card line-up as American Express, Chase or Citi.

According to cardholder reports, Bank of America uses a 2/3/4 rule: You can only be approved for two new cards within a 30-day period, three cards within a 12-month period and four cards within a 24-month period.

Capital One also has a hard-and-fast rule when timing your applications. You're only able to get approved for one card every six months.