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    • Somerset La La La
    • By Somerset La La La 3rd Sep 16, 11:12 AM
    • 318Posts
    • 86Thanks
    Somerset La La La
    Capital One - 2nd Card
    • #1
    • 3rd Sep 16, 11:12 AM
    Capital One - 2nd Card 3rd Sep 16 at 11:12 AM
    Hi all

    When holding one Cap1 card you can open another once your first card has been open 2 or 4 months (it varies depending where on the site you look!).

    To those that applied for the second - did the eligibility checker work & give you a chance of approval (e.g. 50/90/100 etc)?

    Or did you just go straight to the page and then 'apply now' (skipping the eligibility check)

    Getting a straight answer to whether it will ever work from Cap1 for a 2nd card is like getting blood from a stone. At the moment I fail eligibility on affordability, but am wondering whether I'd get a card if I put it straight through on the apply screen.

    Anyone got any experience?

    If the eligibility does work for 2nd apps, then I'll wait until that says I'll get one...... if not then it's like waiting for hell to freeze over!
    Ex-Bankrupt, Discharged 09/2015
    First 'proper' Credit - Cap1 Platinum (29.84%) - July 2016, £1k limit
    Cap 1 Classic (34.9%) - Nov 2016, £1,500!
    Aqua Reward (0.5% Cashback) - Nov 2016 - £900
    The rebuild has well and truly begun!
Page 3
    • A4445
    • By A4445 7th Oct 16, 5:33 PM
    • 462 Posts
    • 220 Thanks
    A4445
    Capital one seem to be a bit hit and miss with credit limit increases, some get them some don't you will have to wait 6 months to see if they will increase £200 is a bit rubbish tho
    • Somerset La La La
    • By Somerset La La La 7th Oct 16, 6:14 PM
    • 318 Posts
    • 86 Thanks
    Somerset La La La
    £200 is a bit pants... if they don't increase it, request one after 6 months. If they still say no, try to consolidate them so you move the £200 onto the big limit card. Pointless having one that small long term, unless there is cash back/insurance etc, but I think they've axed everything now??

    If both cards are just bog standard cards, transfer to whichever one has the lowest APR once your new one has been open 6m - just in case you ever incur interest
    Ex-Bankrupt, Discharged 09/2015
    First 'proper' Credit - Cap1 Platinum (29.84%) - July 2016, £1k limit
    Cap 1 Classic (34.9%) - Nov 2016, £1,500!
    Aqua Reward (0.5% Cashback) - Nov 2016 - £900
    The rebuild has well and truly begun!
    • A4445
    • By A4445 9th Oct 16, 10:36 AM
    • 462 Posts
    • 220 Thanks
    A4445
    I have been able to consolidate the High APR card into the lower APR card, all done via secure message. The consolidation will take place within 2 working days. So I've had 3 cards in total consolidated into one over the last year to give a total limit of £5750 @ 19.9%. This limit is more than enough for my needs, won't be applying for any more Capital One cards.
    • owlet
    • By owlet 9th Oct 16, 5:39 PM
    • 1,477 Posts
    • 1,368 Thanks
    owlet
    Very interesting thread thank you. I have a cap1 card at high 30s% & just been accepted for the platinum at 29.something %.
    I was wondering if I could merge the two to the lower interest card. The lower interest one (new) only has a credit limit of £250. The other card is better at £750
    Do they add both credit limits together too?
    Last edited by owlet; 09-10-2016 at 5:46 PM.
    SPC 8 (2015) #485 TOTAL: £334.65
    SPC 9 (2016) #485 TOTAL £84
    SPC 10 (2017) # 485
    • A4445
    • By A4445 9th Oct 16, 8:46 PM
    • 462 Posts
    • 220 Thanks
    A4445
    Yes just call them or send a secure message. Tell them you wish to keep the card with the lower APR and consolidate the credit limits.
    • m4rc
    • By m4rc 9th Oct 16, 9:05 PM
    • 301 Posts
    • 387 Thanks
    m4rc
    I have been able to consolidate the High APR card into the lower APR card, all done via secure message. The consolidation will take place within 2 working days. So I've had 3 cards in total consolidated into one over the last year to give a total limit of £5750 @ 19.9%. This limit is more than enough for my needs, won't be applying for any more Capital One cards.
    Originally posted by A4445
    So how long has the newest card been open? I thought you only took it out last month! I'm sure when I called they said the card moving to had to be 6 months old. Mine still haven't consolidated, happens next weekend apparently.

    Can you paste the text you put into the secure message by any chance?
    • m4rc
    • By m4rc 9th Oct 16, 9:05 PM
    • 301 Posts
    • 387 Thanks
    m4rc
    Oh and did you find out if you have to wait 4 months before you can apply again?
    • A4445
    • By A4445 9th Oct 16, 9:12 PM
    • 462 Posts
    • 220 Thanks
    A4445
    The newest card has been open a month and the old card has been open for a year. If I wanted to open another card I'd have to wait till the 4 month mark. if I wanted to keep the older card I'd be able to apply for another card a few days after the account closed.

    I just asked if I could keep the new card and the said no problem and let them know if I wanted to go ahead.
    Last edited by A4445; 09-10-2016 at 9:14 PM.
    • m4rc
    • By m4rc 9th Oct 16, 11:48 PM
    • 301 Posts
    • 387 Thanks
    m4rc
    Great thanks for the updates. I'll have a go at opening a new account next week, see if they let me!
    • A4445
    • By A4445 12th Oct 16, 10:22 PM
    • 462 Posts
    • 220 Thanks
    A4445
    Consolidation went ahead, the high APR card is now closed. The lower APR card now has the £5750 limit. They did say it would take 2 working days to complete but It took 3 days.
    Last edited by A4445; 12-10-2016 at 10:43 PM.
    • owlet
    • By owlet 12th Oct 16, 11:54 PM
    • 1,477 Posts
    • 1,368 Thanks
    owlet
    I sent a secure message but couldn't make head nor tail of the reply so I'm going to phone tomorrow. The only thing I did understand was that it said both accounts have a balance. The new one certainly doesn't (or shouldn't have) as I've only just got the card.
    I'll phone tomorrow, it will be easier!!
    SPC 8 (2015) #485 TOTAL: £334.65
    SPC 9 (2016) #485 TOTAL £84
    SPC 10 (2017) # 485
    • owlet
    • By owlet 17th Oct 16, 1:27 PM
    • 1,477 Posts
    • 1,368 Thanks
    owlet
    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
    • A4445
    • By A4445 17th Oct 16, 8:26 PM
    • 462 Posts
    • 220 Thanks
    A4445
    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 :-)
    Originally posted by owlet
    Leave it a few days and you can see if your eligible for another card
    • m4rc
    • By m4rc 18th Oct 16, 12:58 PM
    • 301 Posts
    • 387 Thanks
    m4rc
    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
    • By A4445 18th Oct 16, 3:44 PM
    • 462 Posts
    • 220 Thanks
    A4445
    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
    • By m4rc 19th Oct 16, 1:00 AM
    • 301 Posts
    • 387 Thanks
    m4rc
    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.
    Originally posted by A4445
    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
    • By A4445 19th Oct 16, 7:01 PM
    • 462 Posts
    • 220 Thanks
    A4445
    Maybe you need to give it a week or so and try again.
    • m4rc
    • By m4rc 19th Oct 16, 7:18 PM
    • 301 Posts
    • 387 Thanks
    m4rc
    Yea I will, no rush anyway just wanted to try the experiment
    • m4rc
    • By m4rc 25th Oct 16, 12:32 PM
    • 301 Posts
    • 387 Thanks
    m4rc
    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
    • By A4445 25th Oct 16, 3:15 PM
    • 462 Posts
    • 220 Thanks
    A4445
    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.
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