Capital One Family Rules
It looks like someone from the American Express team got hired over at Capital One or something. Because these new Capital One family rules is right out of the Amex playbook. What is that saying about copying is the highest form of flattery or something like that. Whatever it is I don't care, all I know is that this new family card rule for the Venture cards is a real bummer.
Details Of These Changes
Earlier this week reddit user ColbaltSunsets noticed some terminology changes on the Capital One Venture Rewards and Venture X cards. Here are the terms they noticed:
You are not eligible for this product if you have received a new cardmember bonus for the Capital One Venture card or the Capital One Venture X card in the past 48 months.
That didn't look good at all, but we weren't sure if Capital One would be enforcing these new terms. Or, if they were enforced – HOW would they be enforced? Doctor of Credit received some clarification from the Capital One team. It appears that their family rules work just like the Amex family rules:
Bonus offers—such as early spend, referral bonuses, and limited-time offers—are based on eligibility and subject to change. As of today, this is the policy:
- Venture X:
- Customers are not eligible for the Venture X bonus if they have earned the Venture X bonus within the last 48 months
- Venture:
- Customers are not eligible for the Venture bonus if they have earned the Venture X bonus or the Venture bonus within the last 48 months
- VentureOne:
- Customers are not eligible for the VentureOne bonus if they have earned the Venture X, Venture, or VentureOne bonus within the last 48 months
This is the same bottom up terminology we see on most of the American Express personal cards. If you jump the order then you can cost yourself some potential welcome offers. That is if you can actually be approved for a Capital One card or two anyway! This is really bad news for anyone that grabbed a Venture X over the last few years already too.
What Is The Best Application Order Now?
These new Capital One family rules mean that the proper application order is
- VentureOne first
- Then Venture
- Followed by Venture X
That is if you wanted to earn the welcome offer for all three cards. I would skip the VentureOne card since it isn't worth the potential of it being your only Capital One card if they start denying you. I would grab the Venture before the Venture X though. The offers are usually pretty close to each other, and there is no reason to cost yourself the shot at getting both.
Capital One Family Rules: ToP Thoughts
These new Capital One family rules are a real bummer for people that already grabbed the Venture X card in particular. I hate when new rules roll out and they are retroactively negative for people. It would have been better to just have a 48 month rule for each individual card. Similar to the set up that Citi has for their cards. I will be adding this new family rule to our guide on all of the application rules for every major bank. Let me know your thoughts on this change over in the ToP Facebook Group.
