Capital One Tightens Up Welcome Bonus Eligibility on its Credit score Playing cards

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Capital One bank cards are fan-favorites amongst many vacationers, however there’s one evident draw back: The corporate is notoriously secretive about its requirements for approving or denying candidates. Now, Capital One has quietly added a brand new restriction on when cardholders can open one other card and earn the bonus once more, together with each the *capital one enterprise card* and the *enterprise x*.

Not like different banks, Capital One beforehand had no written guidelines on welcome bonus eligibility, permitting each present and former cardmembers to use for a similar bank card once more. That opened a little-known avenue to earn the bonus on the very same card twice.

However Journey Freely first found a brand new disclosure on the applying pages for private Capital One bank cards that may put a cease to that follow.

“Present or earlier cardmembers aren’t eligible for this product if they’ve acquired a brand new cardmember bonus for this product up to now 48 months,” it reads.


To illustrate you earned a giant bonus on the *capital one enterprise card*  throughout the final 4 years – whether or not you continue to have that card open or not. Some savvy vacationers have been getting accepted and incomes one more welcome bonus on that very same bank card – even when they nonetheless have their earlier Enterprise Card open. That is precisely what Capital One is making an attempt to crack down on with this new coverage.

Critically, this new coverage would not cease you from incomes a welcome bonus on both the *enterprise x* or the no annual payment *capital One ventureone*. By the way in which it is written, Capital One handles this restriction on a card-by-card foundation. However till 4 full years have handed because you final earned the bonus on the Enterprise Card, that particular card is off limits.

That is drastically completely different from Chase, which treats the *chase sapphire most well-liked* and the *chase sapphire reserve* as one product household. Chase rolled out a restriction on its Sapphire playing cards years in the past, stopping customers from incomes a bonus on each playing cards inside a four-year interval.

Up to now, we aren’t seeing this identical rule listed within the phrases and circumstances part on Capital One’s suite of enterprise bank cards, however that will change quickly.


Capital One’s Present Credit score Card Software Guidelines

Capital One has among the most mysterious bank card software guidelines and requirements you may discover from any financial institution. Past this new restriction on its private bank cards, the financial institution would not formally publish any guidelines, interval.

However sufficient knowledge factors and developments have emerged through the years to present us a bit of knowledge that may assist get you accepted for a Capital One bank card. Even so, its approval requirements appear inconsistent at greatest. This is what we all know:

  • At first, when you have utilized and been accepted for another Capital One bank card throughout the previous six months, it is seemingly that any new bank card software won’t be accepted. This consists of each private and enterprise bank cards.
    • There are, in fact, exceptions to this rule. However usually talking, conserving your Capital One software and approval historical past clear for a minimum of six months provides you with the most effective probabilities of getting accepted.
  • Knowledge factors additionally counsel that Capital One will solely mean you can maintain two private bank cards concurrently. However this rule appears murky: Some vacationers have reported having greater than two Capital One private bank card accounts open.

However this new rule appears fairly clear. You probably have or have had a Capital One private card and earned its welcome bonus throughout the previous 48 months, you will not be capable to get accepted for that particular card once more. You may have to attend a minimum of 48 months because you final earned the bonus to be able to get one once more.

Learn extra: A Grasp Information to Credit score Card Software Guidelines: Financial institution by Financial institution


Backside Line

Capital One has quietly rolled out a brand new eligibility rule on all of its private bank cards.

You probably have or have had a Capital One private card and earned the bonus on that card throughout the previous 48 months, you will not be capable to get accepted for that particular card once more till you do not have the cardboard and a minimum of 48 months have handed because you final earned the bonus.


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