How Many Capital One® Cards Can You Have?

How Many Capital One® Cards Can You Have?

credit card advice

Mike Randall
By: Mike Randall
Updated: August 15, 2018
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

Capital One is among the most popular and diverse credit card companies in the world. They issue cards with both the Visa and MasterCard labels, aimed at business owners, consumers, frequent flyers, students and even people trying to rebuild their credit. Of course with all of this popularity come a few questions about the rules and restrictions Capital One may set for their credit cards.

Two Card Limit | Choose a New Card

Two Capital One Credit Cards Per Cardholder

Capital One limits the number of directly issued cards available for any cardholder to two. While this is a fairly straightforward policy, it has caused some confusion among consumers, as some Capital One cardholders claim to have three, four or even more valid cards in their wallets. There are a few explanations for this apparent discrepancy in Capital One’s rules.

  • When the rule limiting cardholders to two Capital One cards was implemented around 2011, members who held more than two cards at that time were allowed to keep them.
  • Some cardholders had credit cards issued by banks that were acquired by Capital One (Chevy Chase Bank and HSBC to name just a couple). Cardholders were allowed to keep these cards even as they were reissued with the Capital One logo.
  • Some co-branded store cards for retailers, like Saks and others, are issued by Capital One but don’t count in the two-card limit. The same is true for secured credit cards issued by Capital One.

When we talk about co-branded credit cards these are usually partnerships between a retailer, airline, or other business and the issuing credit card company. The purpose of these cards is for retailers to take advantage of brand loyalty and, in return, to give cardholders rewards in the form of perks at that retailer.

These are just some of the ways in which someone might end up with more than the limit of two Capital One cards in their wallet. However, try to get more than two Capital One direct-issued credit cards today, and you’ll be told no.

There are Many Capital One Cards to Choose From

If you’re looking for a second Capital One credit card to complement one you already have, there are quite a few to choose from. Whether you’re looking for unlimited reward points, a 0% introductory APR, or a cash-back bonus on all purchases, there’s a Capital One card that’s made just for you.

EXPERT'S RATING

★★★★★
5.0

OVERALL RATING

4.8/5.0
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
18.74% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

EXPERT'S RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
14.74% - 24.74% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 9 months
N/A
14.74% - 22.74% (Variable)
$0
Excellent, Good

+See more Capital One cards

Responsible Use of a Credit Card Trumps Quantity

According to a survey by Gallup, the average American carries two credit cards in their wallet. This includes cards from the major networks like Visa, Mastercard, Discover and American Express, as well as closed-loop store credit cards. So, what’s the “sweet spot” for how many cards we should carry?

Unfortunately, there’s no one right answer. The number of credit cards you should carry depends on your personal spending habits — and your personal financial habits. If you’re someone who can responsibly use multiple credit cards, including paying them on time each month and keeping balances low, then there’s no real limit on how many credit cards you can have.

On the other hand, if credit cards entice you to spend more than you normally would, you have problems paying multiple cards on time, or you tend to carry a balance on your cards, then you may want to limit the number of credit cards in your wallet.

Final Thoughts

We Americans love our plastic. We love the convenience of making quick purchases anywhere, we love the benefits of all the rewards programs, and we love the flexibility of using different cards for different buying situations. And even if you can only carry two Capital One credit cards, there are other reward cards and co-branded cards you can get that have the same great benefits from the same great credit card issuer.