Capital One - 2nd Card

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Comments

  • owlet
    owlet Posts: 1,510 Forumite
    First Anniversary Combo Breaker
    Both cards consolidated to the new card with the lower interest rate - balance and credit limit.
    I did it on the phone with no problems at all. Just waiting for the confirmations to come through now :-)
    SPC 8 (2015) #485 TOTAL: £334.65
    SPC 9 (2016) #485 TOTAL £84
    SPC 10 (2017) # 485 TOTAL: £464.80
    SPC 11 (2018) #485
  • A4445
    A4445 Posts: 1,103 Forumite
    owlet wrote: »
    Both cards consolidated to the new card with the lower interest rate - balance and credit limit.
    I did it on the phone with no problems at all. Just waiting for the confirmations to come through now :-)

    Leave it a few days and you can see if your eligible for another card :rotfl::rotfl:
  • m4rc
    m4rc Posts: 315 Forumite
    Well my cards consolidated, left it a few days to see if I can get a new card and it said no because of affordability. Very strange, I have a good income, my credit debts total around 4k but 3k of that is BNPL 0% stuff which I'm making use of.

    Fair enough say 'no' but due to affordability is a bit odd.

    Oh well!
  • A4445
    A4445 Posts: 1,103 Forumite
    I get the same affordability, it's because my newest about is only 6 weeks old. To be eligible for a second card the account you currently hold must be 4 months or older.
  • m4rc
    m4rc Posts: 315 Forumite
    A4445 wrote: »
    I get the same affordability, it's because my newest about is only 6 weeks old. To be eligible for a second card the account you currently hold must be 4 months or older.

    I think it's approaching three years old, something like that. The one I consolidated into it was about a year old.

    No big deal, just thought it was strange :)
  • A4445
    A4445 Posts: 1,103 Forumite
    Maybe you need to give it a week or so and try again.
  • m4rc
    m4rc Posts: 315 Forumite
    Yea I will, no rush anyway just wanted to try the experiment
  • m4rc
    m4rc Posts: 315 Forumite
    I tried again last night and was 100% pre-approved, so I submitted application and got a new card with a £1000 limit. Higher APR than my other Capital One card though.

    So what are the rules on consolidating these? Does the new one have to be 6 months old?
  • A4445
    A4445 Posts: 1,103 Forumite
    I don't think it matters. Just say you want to keep the card with the lowest APR. Perhaps it wouldn't harm to keep the new card for a few months to get a payment history.
  • owlet
    owlet Posts: 1,510 Forumite
    First Anniversary Combo Breaker
    m4rc wrote: »
    I tried again last night and was 100% pre-approved, so I submitted application and got a new card with a £1000 limit. Higher APR than my other Capital One card though.

    So what are the rules on consolidating these? Does the new one have to be 6 months old?

    I did mine as soon as I received the new card. I did it over the phone and she said it was all done.

    I need to ring them back though because when I log into my accounts they still haven't merged. Everything is still the same.
    SPC 8 (2015) #485 TOTAL: £334.65
    SPC 9 (2016) #485 TOTAL £84
    SPC 10 (2017) # 485 TOTAL: £464.80
    SPC 11 (2018) #485
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