Rebuilding Credit: The Capital One Platinum Secured Credit Card offers a $200 credit line with a deposit potentially as low as $49.Here’s a roundup of some of the best Capital One cards for a variety of needs: Choosing the right one will depend on your financial needs and goals. How To Choose Capital One Credit CardsĬapital One offers several enticing credit cards for many different niches, ranging from credit-building cards for people with poor or fair credit to a premium travel card with perks such as airport lounge access. Instead, look at some of the best balance transfer cards from other issuers. If you owe a balance on a Capital One card and want to transfer it to another card, don’t expect to be able to move it to another Capital One card. Note that balance transfers cannot typically be done with the same issuer. As long as your account is in good standing and you report income increases to Capital One, you may stand a solid chance of getting a higher credit limit either automatically or by request. If you’re already a Capital One cardholder looking for more available credit, consider requesting a credit line increase instead of opening up a new account. For example, a customer who gets the Capital One SavorOne Cash Rewards Credit Card can take advantage of both cash back on everyday purchases and an introductory 0% APR. Are you in it for the travel perks? Would cash back on gas be helpful? Are you trying to boost your credit score?ĭepending on your situation, one credit card might be enough. There’s no simple answer-someone else may benefit from having five cards, while you may be fine with just one.Ĭonsider what you aim to accomplish by opening one or more credit cards. credit utilization) and your financial situation and goals. How many cards you should or can carry may depend on your credit history, credit score, existing debt (a.k.a. For example, Capital One may only allow you to have one or two personal cards but allow you to carry other business credit cards. You can hold up to five open personal credit accounts with the issuer, but there may be limitations depending on the length of your account history and which cards you hold. There’s no universal answer to how many credit cards anyone should have, let alone specifically Capital One cards. How Many Capital One Cards Should You Have? You may be able to hold more than one Capital One card-and if you’re ready for that responsibility, you can maximize reward and benefit potential with two separate cards, each with unique features. But credit cards also require discipline and responsible use. Owning a credit card can offer many perks, such as nearly free flights, welcome bonuses and rewards on purchases.
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