Yes, you can have two Capital One Platinum cards. Applicants can have as many Capital One credit cards as their credit situation allows. This is the case both for different Capital One cards and two or more of the same credit card, as well. However, there are some other restrictions that Capital One Platinum applicants need to be aware of.
Here is what you need to know about having multiple Capital One Platinum cards:
- You can have as many Capital One Platinum cards as your credit situation allows. Capital One will determine whether applicants are eligible for multiple Capital One Platinum cards based on their individual credit situations. This is also true for any other Capital One credit cards.
- The Capital One Platinum card is open to applicants with limited credit (less than 3 years of credit history), but other factors such as your income, debts, and overall ability to make payments will also be taken into consideration.
- If you have applied for a Capital One credit card two or more times in the last 30 days, it would be best to wait a while before applying for the Capital One Platinum card.
- If you have a past due Capital One credit card, you may not be eligible for the Capital One Platinum card.
- If you are over your credit line on another Capital One credit card, you may not be eligible for the Capital One Platinum card.
Keep in mind that applying for a Capital One Platinum triggers ahard pullon your credit report, which can cause your score to temporarily drop by a few points. So, if you’re after more spending power, you’re better offasking for a credit limit increase.
Another way to get a second Capital One Platinum card:
You can also get access to two Capital One Platinum cards without having to submit a second application. If you’re the primary cardholder for a Capital One Platinum card, you could alsosign up as an authorized useron someone else’s card account.
You would then have access to a pair of Capital One Platinum accounts, both with your name printed on the card. You will only be responsible for the charges on the account where you are the primary cardholder, but you will have access to the line of credit of the other account, while also having information reported to the credit bureaus.
This answer was first published on 05/27/20 and it was last updated on 01/12/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
Yes, you can have two Capital One Platinum cards. However, you can't be the primary cardholder of both accounts. You could potentially open one Capital One Platinum Credit Card as the primary cardholder and also be an authorized user on a card opened by someone else.
Can I have multiple Capital One Platinum cards? ›
You can have as many Capital One Platinum cards as your credit situation allows. Capital One will determine whether applicants are eligible for multiple Capital One Platinum cards based on their individual credit situations. This is also true for any other Capital One credit cards.
Is it good to have 2 Capital One credit cards? ›
If you're wondering how many credit cards you should carry, there's no one-size-fits-all answer. Some experts recommend two or three accounts, as long as you use them responsibly. Your number ultimately depends on your personal situation, including your credit history, credit scores and financial goals.
Can you have two platinum credit cards? ›
Can you have multiple Platinum cards? In general, you can have multiple Amex Platinum cards, but you'll only be able to earn 1 welcome bonus.
What is the highest limit on a Capital One Platinum card? ›
The Capital One Platinum credit limit can be as high as $3,000 according to online cardholder reports, but it will depend entirely on the specifics of each applicant's credit and their overall financial situation. Most cardholders get credit limits of at least $300, though.
Does Capital One Platinum ever increase credit limit? ›
Capital One Platinum automatic credit limit increase
Cardholders can qualify for a Capital One Platinum credit limit increase in as little as six months. If you make monthly payments on time and keep debt at a minimum, you'll likely be rewarded with more available credit on your account.
How often does Capital One Platinum increase credit limit? ›
With the Platinum Mastercard, you'll automatically be considered for a credit limit increase in as little as six months. Using your card responsibly could increase your chances of receiving the increase.
Will 2 credit cards build credit faster than 1? ›
Yes, assuming you use your cards responsibly. If you do, then having additional cards will generate consistent spending information for the credit bureaus each month, increasing your total credit limit and keeping your credit utilization rate low.
Is there a downside to having 2 credit cards? ›
Annual fees: Be aware of having multiple cards that charge annual fees. Paying these fees may mean that the cons outweigh the pros that may come with the card, like rewards or points. Harder to stay organized: The more cards you have, the easier it can be to forget to pay a bill on time or keep track of credit limits.
Do you build credit faster with 2 cards? ›
Two factors that contribute to your credit score are the number and type of credit accounts. If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix.
How many Capital One cards can I have? Cardholders can have up to five open personal credit card accounts, but this may vary based on the specific cards held and the cardholder's account standing.
Can you have 2 Capital One cards at the same time? ›
Capital One reportedly limits cardholders to one new Capital One credit card every six months. You can also have only two Capital One personal credit cards open at any given time, though co-branded Capital One cards and Capital One business credit cards don't fall under this restriction.
How many credit one platinum cards can you have? ›
You can have multiple Credit One cards at once. As long as your credit is in good standing and your credit card application gets approved, the number of existing credit cards you have with Credit One doesn't matter. The rewards and features on the various Credit One credit cards are very similar, though.
What is the hardest Capital One card to get? ›
Capital One Venture X Rewards Credit Card
A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.
Is Capital One Platinum hard to get? ›
The Capital One Platinum Credit Card is available to applicants with fair credit or better, although eligibility isn't decided by credit scores alone. Your income, debts and other factors are also considered. Fair credit, also called "average" credit, is generally defined as a FICO credit score of 630 to 689.
Is Capital One Platinum better than Quicksilver? ›
Quicksilver: Quicksilver Clearly Wins — If You Qualify. The Platinum is a bare-bones card that helps people build credit, and that's about it. If you've graduated beyond the credit-building stage, choose the Quicksilver for its handsome rewards.
Can you have 2 cards on Capital One app? ›
Alternatively, you can add another credit card to your Capital One app by linking the card through your regular online Capital One account. Just go to Capital One's “Link Cards” page, log in to your account, and follow the prompts.
Is Capital One Platinum easy to get? ›
The Capital One Platinum Credit Card is available to applicants with fair credit or better, although eligibility isn't decided by credit scores alone. Your income, debts and other factors are also considered. Fair credit, also called "average" credit, is generally defined as a FICO credit score of 630 to 689.
