How to request a Capital One credit card product change

If you already have two Capital One credit cards, applying for another — unless it’s a business card or cobranded card — may be impossible. That’s why a credit card product change can come in handy. Because of its two-cards-per-individual rule, Capital One has made changing cards easy.

Capital One product change: How to request one

Get your Capital One product change in three ways:

• With a targeted offer. Sometimes, you could receive a prequalified targeted offer on your mail or with a banner on your online account. Follow the instructions to make the product change.
• Call customer support. If you don’t get a targeted offer, call customer support and ask if you’re eligible and what are your options.
• Online. Log in to your online banking account and, if eligible, select the credit card you want to upgrade to. Select Upgrade now and then Finalize upgrade. This is your last chance to review the terms and conditions. Click Upgrade card if it all looks good.

Eligibility requirements

Before you receive a targeted offer to product change or before you request one, there are eligibility criteria you have to meet. These include:

• Credit card age. How long you had your card plays an important role as it gives Capital One a chance to review your financial habits and determine whether to offer you a product change or not.
• Credit card annual fee. If you have a no-annual-fee card and you want to upgrade to a card with an annual fee, the CARD Act of 2008 prevents Capital One from charging you an annual fee within the first year. In this case, request a product change after 12 months of card membership. Note, you can downgrade from a card with an annual fee to a no-annual-fee card within your first year.
• Account standing. Pay your balance in full and on time. Otherwise, it may be hard to score a credit card upgrade.

Why you might want a Capital One product change

There are several reasons why you may consider changing your credit card with the same provider.

• Keep your credit card age. With a product change, you get to keep your credit history. But closing a credit card — especially an older account — shortens your credit history and negatively affects your credit score.
• Change reward programs. Capital One is one of the rare card providers that allows you to switch between reward programs. For example, you can switch your cashback card for a travel credit card or vice versa.
• Avoid hard pulls on your credit. A product change will get you a new credit card without making a hard pull on your credit.
• Don’t want to pay an annual fee. Sometimes a product change could mean downgrading from a more premium credit card with an annual fee to one without an annual fee. But if you do downgrade, make sure you do before Capital One charges the annual fee for the following year.

Should you close your old Capital One credit card?

No. You get to keep the same credit card account. The only thing you should do is shred your old credit card or return it to your Capital One branch.

Compare Capital One credit cards

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Name	Product	Filter values	Rewards	Purchase APR	Annual fee
Capital One Venture X Rewards Credit Card			Up to 10x miles	21.24% - 28.24% variable	$395	Go to site View details	Capital One's premium luxury travel card, featuring airport lounge access at 1,300+ lounges.	Compare	loading Fetching your data...
Capital One Venture Rewards Credit Card			Up to 5x miles	20.24% to 28.24% variable	$95	Go to site View details	Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months ​from account opening.	Compare	loading Fetching your data...
Capital One Quicksilver Cash Rewards for Good Credit			Up to 5% cash back	29.74% variable	$0	Go to site View details	Earn the same 1.5% cash back on every purchase and $0 annual fee as the Capital One Quicksilver Cash Rewards Credit Card, apply with good credit.	Compare	loading Fetching your data...

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Bottom line

Doing a product change with your Capital One credit card can be an excellent way to get a better credit card than the one you currently have without a hard pull on your credit.

Compare Capital One credit cards to find a different card you’d like. You can also compare other credit cards if you want a credit card from another provider.

Frequently asked questions

• Does a Capital One product change affect my credit score?

  No. Changing cards doesn’t affect your credit score if there are no changes in your credit limit. If you get a higher credit limit with the product change, it could positively affect your credit score. The opposite is also true — a lower credit limit could negatively affect your credit score.

• Can I earn a signup bonus and then downgrade my card?

  Probably, but it’s not recommended. Capital One may blacklist or even close your account if you’re trying to play the system.

• Do I get to earn a new signup bonus from the card I change to?

  In most cases, no. But if your card is so old that it’s not offered anymore, you would probably be eligible for the new signup bonus. Make sure you ask customer service before you proceed.

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