Capital One and credit limit increases

Sep 08, 2003 4 Replies
W

Hi guys, New to all this so bear with me...........



I got accepted for a CapitalOne card in June. 200 limit (it was all I needed anyways) and have payed off the balance in full every month (usually



14 days after I spent it - I got some extra payment slips). Anyway - I got caught short the other week, and needed to hire a van for a few days to move some stuff from the house while we decorated, and the firm too 150 deposit plus the rental costs - took me to the limit bar a few quid - all refunded and paid off now though.

In case we need to do this again, I would like to know how long it would be before they'd increase the limit. Would they do it automatically, or would I need to ask? What would they raise it to? All I need it fellow Capital One-ers experience in this particular matter (I don't need to hear from the Capital One bashers - I have found them to be excellent so far)



Simon


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R

The simplest way to find out is to ring them up and ask. Anybody else's answers will be speculation.

Rob Graham

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D

They usually only increase it after having the card for at least 6 months - but I've noticed if you ring up and pester them then it seems to take longer. The best policy is let them come to you - they even offered me a card upgrade from a classic (green) Capital One card to a silver card and increased my credit limit from 1K to 2K. Personally I thought this was still a bit crap because most of my other card limits are +5K (with 0K balances) so to be offered something for less than 5K was a bit of an insult.

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C

There's a section on the FAQ page on their website if you log into your account. From memory, I belive they automatically look at your limit 7 months into the account, and not before then.

cd

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A

I used to have one and they are awful. They gave me a 400 credit limit and when I called them after 6 months they refused to increase it so I told them to stuff it. Egg immediately accepted me with a 5000 cedit limit which is like the minimum that most people have.

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