Capital One - 2nd Card

Superhoopza

What having a second credit card? Hardly out of the blue that? In a few months I won't need credit cards at all but am helping my short term situation out at the same time. i told you what I plan to use it for and have reduced my debt not increased it. Now I can pay a payday loan off in a week or so time that I thought I'd have until the end of June whilst incurring no interest on how I've funded it. I've also increased my total credit limit trusted in me and now I'll pay this second card off in full before the interest free 3 months kick in, I'll have even better credit utilisation, a higher credit limit and less debt.

So yeah I think it's worked out better than you're describing. I came here asking for help, advice, some people offered it and others didn't read my previous posts and didn't offer anything useful.

Good luck to others but back to the original thread, yeah Cap 1 seem a good company.

destroycarthage

Only thing I don't like about the newer Capitol One cards is that they don't black light. Makes it hard to use them offline. ie rental cars, department stores, etc. I've been turned down

[Deleted User]

I've had a Cap1 Luma card for about 5 years now. Ran the eligibility checker on the Cap1 website today and it said 100% acceptance for a Cap1 Classic card so applied. £750 limit new card arrives within 9 days.

Only did it as a spare of the moment thing while logged into Cap1 CreditWise as it was enticing me to apply without marking my credit file. My credit record is still shot though.




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Newartriot84

Hi all new to this thread. 
I have a capital one card with limit of 200 (went up in January from 50 which is barely a limit at all)
I got accepted for a 1250 limit with very (cap 1)
How do I access this second account to pay it?

Thanks! 

dr_adidas01

Newartriot84 said:

Hi all new to this thread. 
I have a capital one card with limit of 200 (went up in January from 50 which is barely a limit at all)
I got accepted for a 1250 limit with very (cap 1)
How do I access this second account to pay it?

Thanks! 

How do you pay your first card?  Usually they send you login details via email for your second account as weirdly capital one don't show you all cards under one account if you don't have these then give them a call and once you pass security they should be able to tell you what the login details are.

Newartriot84

I pay on the capital one app for my first one
I also read on this thread that if you get another card they don't increase the old one and I was due next month haha
Thanks so much 

Fighter1986

MysteryCredit said:

Capital one have a great little trick, which is how I have such an absurd limit with them.

But to answer your question first about the eligibility checker it always showed 0% for capital one after holding one.

So the trick is open a second account, ask them to transfer your credit limit to the account you had the longest, and they close the new account after. Repeat every 2 months and have a great limit soon enough.

Can confirm this still works.

Had two Capital One cards, once since August once since December, closed more recently opened card and had limit consolidated into older account no problems.

Have now opened another second card, instantly approved no issues, once it's fully set up with card and PIN etc will once again ask Cap1 to close and consolidate limit to oldest standing account.

Not sure how regularly one can rinse and repeat this, but I'll keep everyone posted. Probably wouldn't want to do it more regularly than every three months at most otherwise the credit searches would soon have a detriment on one's credit worthiness. 

Fighter1986

Third CapOne card limit now rolled into the first cap one account, so gone from £300 limit to £1100 in just over a week.

Might try again in a few months but tempted to just leave it now for fear of what a load of very-quickly opened and immediately closed credit cards will do to my creditworthiness. 

Just thought others might appreciate confirmation that this still works 

hildasayank

Fighter1986 said:

Third CapOne card limit now rolled into the first cap one account, so gone from £300 limit to £1100 in just over a week.

Might try again in a few months but tempted to just leave it now for fear of what a load of very-quickly opened and immediately closed credit cards will do to my creditworthiness. 

Just thought others might appreciate confirmation that this still works 

Can I directly request the consolidate after the application is successful or should I activate the card first and then contact capital one?

cymruchris

hildasayank said:

Fighter1986 said:

Third CapOne card limit now rolled into the first cap one account, so gone from £300 limit to £1100 in just over a week.

Might try again in a few months but tempted to just leave it now for fear of what a load of very-quickly opened and immediately closed credit cards will do to my creditworthiness. 

Just thought others might appreciate confirmation that this still works 

Can I directly request the consolidate after the application is successful or should I activate the card first and then contact capital one?

I'd wait until you have the physical card - and then ask. Doing it before risks upsetting the process.