when do capital one offer credit limit increase?

darkidoe

tomxlisa wrote: »

I have read that Aqua seem great at increasing limits.

My Aqua limit has been increased to £900 from £250 in just 3 months of using it! But the APR is horrible, must never ever miss a payment.

phild145

Limit on my Aqua card which was the lowest limit I was given when opening is now upto £3450 and offered me a balance transfer rate recently of 9.9% for 6 months with 3% fee

darkidoe

phild145 wrote: »

Limit on my Aqua card which was the lowest limit I was given when opening is now upto £3450 and offered me a balance transfer rate recently of 9.9% for 6 months with 3% fee

Any idea when they will usually start reducing the APR?

phild145

The card I have with them reduces by 5 percent every year providing everything is kept upto date and below limit. Just reduced for the first time to 29.9%. Will go down eventually to 18.9%

anarki

Thought I'd add to this topic, my partner took out a capital one credit card after vouching never to get another credit card in her life after getting into financial difficulty 7 years ago, but realising that damage needed to be repaired credit file wise.

She was accepted with an initial £200 limit, spent and repayed in full every month, 6 months later they wrote to her informing of a credit increase of £450, again she spent on it and repayed every month. 6 months later, now, they have written and informed of another credit increase to £1,450.

I was pretty surprised to see that for myself after reading this thread, that's an extra £1k increase in one go, on a credit building card.

She's going to wait another year and accept any increase they offer and then apply for a better card. Cannot fault capital one though, she's never had any issues with them whatsoever.

LplateSaver

anarki wrote: »

She was accepted with an initial £200 limit, spent and repayed in full every month, 6 months later they wrote to her informing of a credit increase of £450, again she spent on it and repayed every month. 6 months later, now, they have written and informed of another credit increase to £1,450.

I just got the same letter and had the exact same increases, and I thought I was special.

Thunderballs_2

Been using Luma for over a year with around £200 spent and repaid on the card each month - repaying full balance.

Offered a Capital One card after about a year but dont know if that was linked. That has a £500 limit and is used and cleared each month too.

So I would echo - Luma are rubbish at increasing the limit.

Luma don't mind trying their best to give you an over limit fee of £12 but I have always been able to transfer same day or before it happens to ensure any are refunded (it has happened twice on the account over the period)

Any suggestions where to go from here ... better cards with a lower rate worth applying for after this period of credit repair ?

Whytetwns

hi guys

I have had my cap one for 8month know
started at 200pound 4month later 950 pound at my 8th month know and is 1700pound

anyone else got this I'll wait nother 3month to 6th month then see for a prime card

Dani153a

Hi

Just tring to work it out I took a card out about 4-5 months ago and pay about 100 a month off it but am always near my limit - how close were u to ure limit and did u pay more than the minimum payment

Thanks mate

[Deleted User]

Paying in full every month is the best way to show you can manage credit responsibly