Banks like American Express and Capital One have restrictions on how many cards you open– understanding the rules is crucial for anybody looking to earn benefits

by | Jun 24, 2020 | Credit Cards | 1 comment

  • Credit card providers from American Express to Wells Fargo have rules around how many cards you can get.
  • These rules aren’t released on the card issuers’ websites, however they’re well supported and recorded with data points from credit card users’ applications.

    Most banks and credit card providers have specific policies that figure out whether or not you’re eligible for a new card, and it’s wise to be conscious of them.


    See our guide to the best American Express cards “

    Bank of America has a 2/3/4 guideline, which states that you will just be authorized for:

    • Two new cards in any rolling two-month period
    • Three brand-new cards in any rolling 12- month duration
    • Four new cards in any rolling 24- month duration

    So if you’re looking to get multiple cards from Bank of America, you’ll want to area out your applications accordingly.

    See our guide to the finest Capital One credit cards “

    Chase is popular for its 5/24 rule, which states that if you have been authorized for five or more cards from any bank over the past 24 months, you will not be authorized for a Chase card. For personal Citi cards, you can use for one card every eight days and 2 cards every 65 days.




    or Citi Premier ℠ Card, you can’t have actually received a bonus or closed among the cards in the past 24 months.

    Here’s the language from the landing page of the Citi Premier application page.

    ” Perk ThankYou ® Points are not available if you got a brand-new cardmember benefit for Citi Rewards SM, Citi ThankYou ® Preferred, Citi ThankYou ® Premier/Citi PremierSM or Citi Prestige ®, or if you have actually closed any of these accounts, in the past 24 months.”

    For American Airlines co-branded charge card issued by Citi, the limitations are slightly different– you can get a brand-new bonus offer every 48 months for each different type of card. For example:

    ” American Airlines AAdvantage ® bonus miles are not readily available if you have gotten a brand-new account bonus for a CitiBusiness ®/ AAdvantage ® Platinum Select ® Mastercard ®..<desc>..<path d="M29.37 0a5 5 0 014.975 4.805l.004.216-.074 17.076 16.857-9.732a5 5 0 015.196 8.542l-.196.119-16.316 9.42 16.316 9.42a5 5 0 01-4.799 8.77l-.2-.11-16.929-9.774-.07 16.27a5 5 0 01-9.996.175l-.003-.217.065-15.519-15.7 9.065a5 5 0 01-5.195-8.542l.196-.119 16.315-9.42-16.315-9.42a5 5 0 014.8-8.77l.2.11 15.776 9.11.072-16.496A5 5 0 0129.37 0z" fill="#111">..</path></desc>account in the past 48 months.”

    This is generally prominently displayed on the application page, so you’ll know what to anticipate.

    See our guide to the very best Citi charge card “

    You’re restricted to an overall of 2 Discover charge card open at any time. Additionally, your first card needs to be open for a minimum of one year prior to you’ll be approved for a second card. Aside from that, Discover does not have any other constraints on being authorized or getting the welcome deal on cards.

    Learn More: Discover has a special program that matches your credit card benefits after your first year, and it could not be easier to use

    US Bank does not have any released guidelines on brand-new charge card applications for most of their cards. The only stated guideline applies to the U.S. Bank Elevation ® Reserve Visa Infinite ® Card which states that in order to be authorized for that card you will require a recognized banking relationship with United States Bank.

    Wells Fargo doesn’t have a limitation on the overall number of charge card that you can have. Nevertheless, they do have limits on how often you can be approved for new charge card. A lot of Wells Fargo cards include fine print along the lines of this from the Wells Fargo Move American Express ® card:

    ” You might not qualify for an additional Wells Fargo Charge card if you have opened a Wells Fargo Charge Card in the last 6 months.”

    In Addition, Wells Fargo restricts how typically you can get a welcome deal on a new card. Once again from the terms and conditions of the Wells Fargo Propel American Express ® card:

    ” You might not be eligible for introductory annual percentage rates, fees, and/or bonus rewards uses if you opened a Wells Fargo Credit Card within the last 15 months from the date of this application and you received introductory APR( s), charges, and/or perk rewards offers– even if that account is closed and has a $0 balance.”

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