Forum Home» Credit Cards

How often does Cap1 automatically increase limits on classic card?

New Post Advanced Search
Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.

How often does Cap1 automatically increase limits on classic card?

edited 30 November -1 at 12:00AM in Credit Cards
6 replies 828 views
JP2019JP2019 Forumite
56 posts
10 Posts Name Dropper First Anniversary
edited 30 November -1 at 12:00AM in Credit Cards
Assuming you pay the balance in full every month, how often can you expect an automatic increase?

I know there is no hard and fast rule but if people could post when they got increases then this would give me a bit of a picture.

Thanks guys

Replies

  • abc.xyzabc.xyz Forumite
    85 posts
    10 Posts Name Dropper First Anniversary
    I've heard they're tight with increases.
    My account says I'm not eligible for 8 months.
  • cymruchriscymruchris Forumite
    1.5K posts
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    ✭✭✭
    I used the card often and paid in full every month, and have recently gotten a small increase - the first - after about a year.
    An ex-bankrupt on a journey of recovery. Feel free to send me a DM reference credit building credit cards from the usual suspects :) Happy to help others going through what I've been through!
  • FtbDreamingFtbDreaming Forumite
    613 posts
    500 Posts First Anniversary Name Dropper
    ✭✭
    Ive got 2 cap 1 cards had both since 2016... one went up after about 8 months the other never has gone up.
    Mortgage started August 2020 £69,700
    Mortgage ending August 2050
    MFW: August 2027 (6 months knocked off so far!) 
    Current Balance: £68,500
    MFW2020 #156 £660.83/£2000 
    Nothing comes easy!
  • dr_adidas01dr_adidas01 Forumite
    1.7K posts
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    ✭✭✭
    JP2019 wrote: »
    Assuming you pay the balance in full every month, how often can you expect an automatic increase?

    I know there is no hard and fast rule but if people could post when they got increases then this would give me a bit of a picture.

    Thanks guys


    They aren't well known for giving limit increases very quickly, what you can do as many others have done is wait 6 or 7 months and use there eligibility checker to see if you are eligible for another Capital One card and if you get it transfer that limit to your old Capital One card. Which kinda looks like you have had a credit limit increase.
    Time is a path from the past to the future and back again. The present is the crossroads of both. :cool:
  • DeliusDelius Forumite
    5 posts
    I've had one for over 10 years and never received an increase, having asked a few times and always been refused. Meantime other card issues have given me many times more credit immediately upon issuing me with a card.
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • adindasadindas Forumite
    5K posts
    Tenth Anniversary 1,000 Posts Name Dropper
    ✭✭✭✭
    Delius wrote: »
    I've had one for over 10 years and never received an increase, having asked a few times and always been refused. Meantime other card issues have given me many times more credit immediately upon issuing me with a card.

    Quite similar experience here. I have had this card since about seven years ago. When I received it, it came out with £1,500 limit. After A few times rejection I managed to increase the limit to be £2,500 about three years ago. Last year I asked for another increase of £1,000, it was rejected.

    I have or used to have a few other cards with limit of 5-7 times higher than this card. But I love Capital One Due to 0.5% cashback for both Sterling & Non Sterling Transaction with mastercard exchange rate for purchase in foreign currency. Also my card has an annual cashback bonus of £10 for using the card orderly without any late payment or breaching their T&C.
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support