Capital One Credit Limit

craigmc

Hi

Anyone had a recent increase from Capital one? I've had a card since July and paid in full every month

Also wife had one since last January and again paid in full every month

thanks
!

InsideInsurance

You mean a requested one approved or a unsolicited one from Cap1?

craigmc

A one they just give out

LplateSaver

Got mine in August. Limit increased from £200 to £450 in Jan. Tried for a Barclaycard initial in Jan got accepted for one with £650.

craigmc

hummmm, wonder if they'll give me one soon?

solentsusie

I've had a card with them over a year and have never been offered a credit limit increase.

My friend got a card with them with a lower salary and worse credit history than mine and they trebled her limit within three months. So who knows how they decide these things?

I have recently been accepted for a Barclaycard Initial which a much higher limit so will be using that from now on.

cakeforbrains

I have had a Capital One for nearly five years. It started off with a £500 limit.

After about 18 months they doubled it to £1100

After another two and a half years they increased again to £2100

Then just a couple of weeks ago they increased it again to £2850

I've never asked for an increase. I have done a lot of spending and then paying back in full, but I have also had small balances sitting on it (so probably ideal from CO's point of view). I once had a late payment, but explained and got my charge refunded. I only have an income of about £6000 pa due to being a housewife.

LplateSaver

craigmc wrote: »

hummmm, wonder if they'll give me one soon?

What's your credit history like? I had one settled default and got that increase. Oh also got limit increase from aqua after 6 months but he has no defaults/missed etc.

apollo_

It took about 5 months for them to offer me an increase from £1000 to £1250. I was using just under half the available credit per month at this point.

Liverlad67

Had cap1 card for approx six months starting limit was £1000 spent no more than 30% of balance and paid in full when received email statement. Limit now increased to £20000. I have had defaults and ccj's but all settled and still on credit report. Maybe because I pay in full as soon as get email statement

pcman1985

Have had a Capital One Classic card for about 18 months. Started at the standard £200 limit, after a few months of making minimum payments +£10 and the rest of the months was paid in full, guess where my limit is at now?

Yes, you've guessed it... £200.