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Capital one increasing rates

About 2 weeks ago i recieved a letter from capital one saying they where expanding my credit limit over £500 than it currently was - they havent done this for 2 years.

What i wanted to know was - has anyone else also had this letter? is it unique to maybe an improvement in my credit circumstances OR is it a generic thing capital one have cashed in on the fact its Christmas?

If its the first i may try and get a balance transfer and get away from this ghastly 34.9% APR rate card!

Comments

  • Could be both or either. But they will believe it's not going to cause you to get into trouble, so preumably you've been handling your account with them ok.
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