Luma card & capital one

stef787

Hi,

I have the Capital one classic card with a £200 limit since 9 months and today I have been accepted for a Luma card with a £1500 limit. I was quite surprised to be accepted (7 defaults on my credit report! )

Capital one won't increase my limit on the Classic card, so I was wondering if I can apply for the Progress card and close the classic card if I am accepted with a higher limit. Is there a maximum of 2 cards? Does anyone have two Capital one cards and one luma card?


Thanks!

fuzzgun19

stef787 wrote: »

Hi,

I have the Capital one classic card with a £200 limit since 9 months and today I have been accepted for a Luma card with a £1500 limit. I was quite surprised to be accepted (7 defaults on my credit report! )

Capital one won't increase my limit on the Classic card, so I was wondering if I can apply for the Progress card and close the classic card if I am accepted with a higher limit. Is there a maximum of 2 cards? Does anyone have two Capital one cards and one luma card?

Thanks!

Are the defaults settled?

stef787

fuzzgun19 wrote: »

Are the defaults settled?

None of the defaults are settled. The only credit accounts I have are cashplus creditbuilder, a capital one credit card and a mobile contract.

Davie2909

Its very unlikey that you will get a progress card just after being accepted for the Luma card and already having the Classic. I would say that you will need to close one for and wait a few months before applying for the progress card

System

The Luma isn't an actual Capital One card - they simply issue it

Davie2909 wrote: »

Its very unlikey that you will get a progress card just after being accepted for the Luma card and already having the Classic. I would say that you will need to close one for and wait a few months before applying for the progress card

LittleVoice

Heng_Leng wrote: »

The Luma isn't an actual Capital One card - they simply issue it

In that case, why have I just received an email from Capital One saying, "We hope you're enjoying earning cashback with every purchase on your Capital One® card." It ends by saying, "Thanks for being a Capital One customer". The card to which they refer is my cash back luma credit card.

ricky_v

Heng_Leng wrote: »

The Luma isn't an actual Capital One card - they simply issue it

My Luma statements have Capital One plastered all over it, the T+C's leaflet states on the front "Important information about your Capital One credit card".

stef787

thanks for the replies. I checked with Capital one today, the Luma card is considered as a Capital One card and they won't accept a new application until I close one account.

starM

stef787 wrote: »

thanks for the replies. I checked with Capital one today, the Luma card is considered as a Capital One card and they won't accept a new application until I close one account.

On Luma card wesbite it says:-
I have a Capital One card. Can I apply for a Luma card?

The Luma card is issued by Capital One. If you’ve had a Capital One account for more than 6 months, you can also apply for the Luma card today.



http://www.luma.co.uk/luma-credit-card-faqs/luma-credit-card-applications/


Your original post says you have a Capital One card for 9 months so according to FAQ it should be ok.

Ant.Evs

I Used to hold a Capital one Classic, Prograss and a Luma card at the same time. They are all closed now but they were all opened in a short space of time.

Hope this helps

System

To quote the front page of the Luma website...

Luma is a registered trademark of MI Money Ltd. Registered Office: Eastcastle House, 27-28 Eastcastle Street, London W1W 8DH. Registered in England and Wales (registered no. 06967012). The Luma card is promoted by MI Money Ltd, part of the Media Ingenuity Group, and issued by Capital One (Europe) plc, Trent House, Station Street, Nottingham NG2 3FB. VAT Registration Number 690 6861 01.