when do capital one offer credit limit increase?

pcman1985

It took me two years to get my first increase (end of last month)

Started with the £200 limit of course, and now it is at the dizzy heights of £800 :rotfl::rotfl::rotfl:

MadMat

I found Cap 1 to be by far the slowest of the adverse cards to increase limits

I took out Cap1 (luma) Barclays initial and Aqua all pretty close together and all with 200-250 starting limits

2 years later Cap 1 limit is now £700, Barclays £2.5k and Aqua £3k all three cards have never missed a payment or been overlimit etc

Mat

slink85

why would you want an increase? its not the sort of card you want to hold a balance on.

MadMat

slink85 wrote: »

why would you want an increase? its not the sort of card you want to hold a balance on.

If you are using the card in order to gain section 75 protection on purchases, a limit of a few hundred might not be good enough . . .

Mat

TheBanker

MadMat wrote: »

If you are using the card in order to gain section 75 protection on purchases, a limit of a few hundred might not be good enough . . .

Mat

You only have to pay part of the cost (at least £100) on the card to get the Section 75 cover. However it would be a pain using two cards to pay for something, and you'd then have to clear the Capital One card to make room for the next purchase.

Enterprise_1701C

Not Capital 1 or adverse card but I had a card I needed a higher limit on and simply asked, they promptly doubled it.

Worth waiting a couple of months then asking.

tomxlisa

MadMat wrote: »

I found Cap 1 to be by far the slowest of the adverse cards to increase limits

I took out Cap1 (luma) Barclays initial and Aqua all pretty close together and all with 200-250 starting limits

2 years later Cap 1 limit is now £700, Barclays £2.5k and Aqua £3k all three cards have never missed a payment or been overlimit etc

Mat

I have read that Aqua seem great at increasing limits.

BlueEyedGirl

For me it was 4 months after getting the card, it went from £500 to £1000 then another 4 months later £2000, I've asked them to leave it at that, I didn't want it putting up again!

MadMat

TheBanker wrote: »

You only have to pay part of the cost (at least £100) on the card to get the Section 75 cover. However it would be a pain using two cards to pay for something, and you'd then have to clear the Capital One card to make room for the next purchase.

Have you ever tried splitting a payment over several cards on an online shop?

Mat

tomxlisa

BlueEyedGirl wrote: »

For me it was 4 months after getting the card, it went from £500 to £1000 then another 4 months later £2000, I've asked them to leave it at that, I didn't want it putting up again!

Lucky as that don't normally happen.