Capital One has added some new restrictive language to cards with sign up bonuses. The language states:
Existing or previous cardmembers are not eligible for this product if they have received a new cardmember bonus for this product in the past 48 months.
Previously cards stated
existing or previous cardmembers may not be eligible
It’s often difficult to get approved for Capital One cards anyway and there is a limit of one new card per six months as well.
Hat tip to DDG
It’s over Johnny, It’s Over !
1. Crapital only want those who carry a balance every month
2. With the 3 hard pulls
3. Difficult to get approved for Capital One cards as it is
4. Now we have 48 Month Rule Eligibility
Good luck to get approved!!!
Anyone know if you can have two Venture X? I upgraded from a Quicksilver two years ago so never earned a bonus.
hmm..the $1 trillion US credit card debt must be getting serious
Damn. Glad I pulled the trigger on that new Venture card a few months ago when I did.
first they hard pull all 3, now they bid you for 4 years
If you get approved do you get a sign up bonus even if you’ve had one in the last 4 years, or no? I keep having the Venture be pre-approved for 75K even though I just canceled my previous one, but haven’t tried applying. Usually pre-approvals have been automatically approved for me.
I imagine this is going forward and the strict 48-month rule may not affect the Venture card you had.
I am a bit confused here. Does this mean no signup bonus for 48 months or say I open a venture x today and close it after a year, can I not open a venture x again for 48 months?
If I got a sign up Bonus for Venture, does that mean i have to wait 48 months for Venture X intro bonus ? OR is its 48 months for Venture bonus?
Thanks!
Venture and Venture X are different products, and the language says “this product”, so I would guess you’re OK now. Please report your results though!
cap1 needs to pay me to signup for a credit card with them
Well I mean that’s what they and almost all other issuers do…
Crapital one only want those who carry a balance every month, but wouldn’t go AWOL/bankrupt on them, so they can continue to collect interest every month. Along with the 3 hard pulls. Do they really need a new anti churning rule? Seems like they’re already doing a pretty good job.
Guess it’s really YMMV. I’ve only got good experiences with them. Never been denied any applications including checking, savings and the venture X card. Never carried a balance and my score is always >800. I like their app too.
Same here so far. Just got approved for the Venture X a few weeks ago. Never carry a balance and have excellent credit. Also got approved for a 360 checking account easily a couple of years ago for the bonus (have since closed it). I don’t have many cards though. Only 3 prior to the VX and had not opened a new one in about 2 years or so. I’m also liking the app so far as well.
sounds like a smart business