Posted by It’s no secret that credit card companies love issuing rewards cards. After all, the more cards they issue, the more money they make in interest and fees. But how many cards is too many? Capital One seems to think there’s no such thing as too many rewards cards, as the company is now offering up to nine different credit cards with varying levels of rewards.
So what’s the best way to take advantage of all these rewards? And is there a limit to the number of Capital One cards you can have? Read on to find out.
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Capital One Application Rules:
Capital One is one of the more lenient issuers when it comes to the number of cards you can have. According to the company’s website, you can have up to nine Capital One credit cards. However, this doesn’t mean that you will be automatically approved for nine cards. Capital One still looks at your credit history and financial stability when considering you for new credit cards. So if you have a history of defaulting on loans or making late payments, don’t expect to be approved for nine Capital One cards.
The Best Way to Maximize Rewards:
If you’re looking to maximize rewards, then you’ll want to focus on earning points or miles with each card. Capital One offers several different types of rewards cards, including cash back, travel, and points cards. Each card offers different rewards, so you’ll want to choose the one that best fits your spending habits. For example, if you spend a lot on gas and groceries, then a cash back card would be a good choice. Or if you frequently fly for work or pleasure, then a travel rewards card would be a better option.
Application Timing:
Capital One doesn’t have any strict rules about how often you can apply for new cards. However, it’s generally not a good idea to apply for more than one card every six months. This is because each time you apply for a credit card, your credit score takes a small hit. So if you applied for nine Capital One cards in one year, your credit score would take a significant hit. It’s also important to note that Capital One may not approve you for all nine cards at once. The company may only approve you for one or two cards and then reconsider your application after six months.
Is There a Limit to the Number of Capital One Cards You Can Have?
No, there is no limit to the number of Capital One cards you can have. However, this doesn’t mean that you will be automatically approved for nine cards. Capital One still looks at your credit history and financial stability when considering you for new credit cards. So if you have a history of defaulting on loans or making late payments, don’t expect to be approved for nine Capital One cards.
The Bottom Line:
Capital One is one of the more lenient issuers when it comes to the number of cards you can have. You can have up to nine Capital One credit cards, but the company will still consider your credit history and financial stability when evaluating your application.
If you’re looking to maximize rewards, then focus on earning points or miles with each card. And remember, there is no limit to the number of Capital One cards you can have.