Capital One Adds 48 Month Rule Eligibility

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

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U (@guest_1674563)
August 18, 2023 08:45

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!!!

Elmo (@guest_1673878)
August 17, 2023 08:12

Anyone know if you can have two Venture X? I upgraded from a Quicksilver two years ago so never earned a bonus.

GregtheEgg (@guest_1673770)
August 17, 2023 01:22

hmm..the $1 trillion US credit card debt must be getting serious

Ethan (@guest_1673562)
August 16, 2023 17:19

Damn. Glad I pulled the trigger on that new Venture card a few months ago when I did.

SU (@guest_1673418)
August 16, 2023 14:01

first they hard pull all 3, now they bid you for 4 years

Joe S
Joe S (@guest_1673388)
August 16, 2023 13:03

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.

JW (@guest_1674097)
August 17, 2023 15:01

I imagine this is going forward and the strict 48-month rule may not affect the Venture card you had.

Icarus (@guest_1673378)
August 16, 2023 12:54

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?

Pinoio (@guest_1673243)
August 16, 2023 09:15

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?


psh (@guest_1673310)
August 16, 2023 10:58

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!

creditGuy (@guest_1673210)
August 16, 2023 08:05

cap1 needs to pay me to signup for a credit card with them

Terry (@guest_1673267)
August 16, 2023 09:51

Well I mean that’s what they and almost all other issuers do…

Ben (@guest_1673104)
August 16, 2023 01:53

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.

Human (@guest_1673207)
August 16, 2023 08:03

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.

James (@guest_1674610)
August 18, 2023 10:15

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.

Sam (@guest_1673300)
August 16, 2023 10:49

sounds like a smart business