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    • Scott1875
    • By Scott1875 17th Sep 19, 6:46 AM
    • 30Posts
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    Scott1875
    Capital One credit limits
    • #1
    • 17th Sep 19, 6:46 AM
    Capital One credit limits 17th Sep 19 at 6:46 AM
    Hi all. I'm trying to improve my credit history due to a mistake i made a few years ago. I have a Capital One card which i got in 2016 with a credit limit of 500. I manage it pretty well and credit limit has been increased over 3 years to 2500. Was wondering what the highest credit limit someone has had with Capital One is? Im hoping it goes higher so it's better for keeping avaliable credit utilisation down if for any reason i need to carry a balance in the future. Although the APR is quite high (26%), I'm happy to stay with Capital One to avoid taking out another line of credit with another issuer with a higher limit.
Page 1
    • zx81
    • By zx81 17th Sep 19, 6:49 AM
    • 24,115 Posts
    • 26,842 Thanks
    zx81
    • #2
    • 17th Sep 19, 6:49 AM
    • #2
    • 17th Sep 19, 6:49 AM
    The largest limit will be several times your current one

    To improve how lenders see you though - and to have a back up - try to get at least one additional card.

    Your restricted access to credit is holding you back from lenders showing more trust in you.
    • Scott1875
    • By Scott1875 17th Sep 19, 6:52 AM
    • 30 Posts
    • 5 Thanks
    Scott1875
    • #3
    • 17th Sep 19, 6:52 AM
    • #3
    • 17th Sep 19, 6:52 AM
    Thanks for the tip. I'd never have known that.
    • adindas
    • By adindas 18th Sep 19, 4:00 PM
    • 4,204 Posts
    • 2,698 Thanks
    adindas
    • #4
    • 18th Sep 19, 4:00 PM
    • #4
    • 18th Sep 19, 4:00 PM
    I have got capital credit card one since 2013. Is was started with 1500 and then about two years ago It was increased to 2500. This year I asked for another increase they did not approve it. I always pay my balance in full each month.

    I need a credit limit increase because this is my only spending credit card that will earn me 0.5% Cashback in sterling and foreign currencies. In a few occasions I have made extra payment in between to bring the balance down so I could still have a sizeable limit to spend during that month.

    TBH I also still do not understand the way credit limit increase work. I have read quite a few explanation on MSE forum but I still think it does not practically apply to my case, I have other credit cards with limit much higher than my Capital One creditcard. Also in the past few years I managed to get a few 0 BT card for stoozing purpose as well well as remortgage with favourable rate.

    Another case, I currently have ASDA credit card with limit of 300 (yes three hundred) that I have been having it for about 18 months but so far the limit never increase. But i do not want to cancel this CC as this is good to get 1% cashback when shopping in ASDA.

    Does anyone have other tips how to increase Capital one credit card limit ??
    Last edited by adindas; 19-09-2019 at 9:08 AM.
    • msallen
    • By msallen 19th Sep 19, 7:38 AM
    • 1,097 Posts
    • 1,369 Thanks
    msallen
    • #5
    • 19th Sep 19, 7:38 AM
    • #5
    • 19th Sep 19, 7:38 AM
    I've had a Cap One card for well over 10 years, possibly as long as 20, and as far as I can remember the limit has never changed @ 15,000. However this was from before they started concentrating on the sub-prime market.
    • Gary_Dexter
    • By Gary_Dexter 19th Sep 19, 8:10 AM
    • 6,894 Posts
    • 4,588 Thanks
    Gary_Dexter
    • #6
    • 19th Sep 19, 8:10 AM
    • #6
    • 19th Sep 19, 8:10 AM
    I have got capital credit card one since 2013. Is was started with 1500 and then about two years ago It was increased to 2500. This year I asked for another increase they did not approve it. I always pay my balance in full each month.

    I need a credit limit increase because this is my only spending credit card that will earn me 0.5% Cashback in sterling and foreign currencies. In a few occasions I have made extra payment in between to bring the balance down so I could still have a sizeable limit to spend during that month.

    TBH I also still do not understand the way credit limit increase work. I have read quite a few explanation here but I still think it does not practically apply to my case, I have other credit cards with limit much higher than that. Also in the past few years I managed to get a few 0 BT card for stoozing purpose as well well as remortgage with favourable rate.

    Another case, I currently have ASDA credit card with limit of 300 (yes three hundred) that I have been having it for about 18 months but so far the limit never increase. But i do not want to cancel this CC as this is good to get 1% cashback when shopping in ASDA.

    Does anyone have other tips how to increase Capital one credit card limit ??
    Originally posted by adindas
    Have a look at Tandem or even Aqua as they also offer 0.5% cashback.
    Amex offers a higher rate as well.
    • adindas
    • By adindas 19th Sep 19, 8:48 AM
    • 4,204 Posts
    • 2,698 Thanks
    adindas
    • #7
    • 19th Sep 19, 8:48 AM
    • #7
    • 19th Sep 19, 8:48 AM
    Have a look at Tandem or even Aqua as they also offer 0.5% cashback.
    Amex offers a higher rate as well.
    Originally posted by Gary_Dexter

    Thanks. But I currently already have nine creditcards, so I prefer not to apply for another creditcard.

    Yes Tandem and Aqua are good complements but my preferable option is a limit increase with Capital One, considering the number of CCs that I already have. Also I could still manage the current limit for purchase by keep making intermittent manual payment to bring the balance down. Tandem is only using mobile platform, not my preferable option.

    I used to have Aqua, but with limit of lower than 1000. I canceled it a few years ago to make a room for stoozing with 0% creditcards.

    Considering the place where I normally make a purchase, I think it is difficult to reach a threshold of 3,000/yr to benefit for of any cashback with Amex card.
    Last edited by adindas; 19-09-2019 at 9:06 AM.
    • adindas
    • By adindas 19th Sep 19, 8:54 AM
    • 4,204 Posts
    • 2,698 Thanks
    adindas
    • #8
    • 19th Sep 19, 8:54 AM
    • #8
    • 19th Sep 19, 8:54 AM
    I've had a Cap One card for well over 10 years, possibly as long as 20, and as far as I can remember the limit has never changed @ 15,000. However this was from before they started concentrating on the sub-prime market.
    Originally posted by msallen
    The Capital One Classic creditcard is one of the best in term of cashback if you include 10 annual bonus (+0.5%) they give you for good behaviour.
    • Gary_Dexter
    • By Gary_Dexter 19th Sep 19, 9:13 AM
    • 6,894 Posts
    • 4,588 Thanks
    Gary_Dexter
    • #9
    • 19th Sep 19, 9:13 AM
    • #9
    • 19th Sep 19, 9:13 AM
    Thanks. But I currently already have nine creditcards, so I prefer not to apply for another creditcard.

    Yes Tandem and Aqua are good complements but my preferable option is a limit increase with Capital One, considering the number of CCs that I already have. Also I could still manage the current limit for purchase by keep making intermittent manual payment to bring the balance down. Tandem is only using mobile platform, not my preferable option.

    I used to have Aqua, but with limit of lower than 1000. I canceled it a few years ago to make a room for stoozing with 0% creditcards.

    Considering the place where I normally make a purchase, I think it is difficult to reach a threshold of 3,000/yr to benefit for of any cashback with Amex card.
    Originally posted by adindas
    The only other thing to try is applying for another Cap1 card, then consolidating the cards onto one combining the limits.

    Cap1 for some reason refused to give me limit increases as well, however they seemed more than happy to let me apply for cards then consolidate them after.

    There was a whole thread on it about a year or so ago
    • adindas
    • By adindas 19th Sep 19, 9:24 AM
    • 4,204 Posts
    • 2,698 Thanks
    adindas
    The only other thing to try is applying for another Cap1 card, then consolidating the cards onto one combining the limits.

    Cap1 for some reason refused to give me limit increases as well, however they seemed more than happy to let me apply for cards then consolidate them after.

    There was a whole thread on it about a year or so ago
    Originally posted by Gary_Dexter
    Thanks this is a very usuful information. I was not aware that Capital One will consider a person to have the second creditcard.

    I did limit shuffle with my Santander Creditcards. I got Santander Zero CC over 10 years ago with limit 500. I have been asking for limit increase multiple times, never approved. A few years ago they approve my application for 0% BT creditcard. After the 0% rate end I shuffled the limit to my Santander zero and then then cancel it.
    Last edited by adindas; 19-09-2019 at 9:28 AM.
    • adindas
    • By adindas 19th Sep 19, 9:31 AM
    • 4,204 Posts
    • 2,698 Thanks
    adindas
    The only other thing to try is applying for another Cap1 card, then consolidating the cards onto one combining the limits.

    Cap1 for some reason refused to give me limit increases as well, however they seemed more than happy to let me apply for cards then consolidate them after.

    There was a whole thread on it about a year or so ago
    Originally posted by Gary_Dexter
    Thanks this is a very usuful information. I was not aware that Capital One will consider a person to have the second creditcard and the opportunity to shuffle the credit limit between the two. I might do it later after I cancel my 0% BT card.

    I have done the limit shuffle with my Santander Creditcards. I got Santander Zero CC over 10 years ago with limit 500. I have been asking for limit increase multiple times, never approved. A few years ago they approved my application for 0% BT creditcard with much higher limit. After the 0% rate ended I shuffled the limit to my Santander zero and then then canceled it.
    Last edited by adindas; 19-09-2019 at 9:49 AM.
    • Gary_Dexter
    • By Gary_Dexter 19th Sep 19, 11:24 AM
    • 6,894 Posts
    • 4,588 Thanks
    Gary_Dexter
    Here's the thread in question: https://forums.moneysavingexpert.com/showthread.php?t=5520149#topofpage

    I did it multiple times over a 6-8 month period with no issues.
    • A4445
    • By A4445 19th Sep 19, 6:26 PM
    • 1,079 Posts
    • 553 Thanks
    A4445
    Mine is 7250 but a normal card not the high Apr card.
    • msallen
    • By msallen 19th Sep 19, 6:29 PM
    • 1,097 Posts
    • 1,369 Thanks
    msallen
    The Capital One Classic creditcard is one of the best in term of cashback if you include 10 annual bonus (+0.5%) they give you for good behaviour.
    Originally posted by adindas
    The old one I have which I mentioned earlier pays 0.5% on the first 6K pa, then 1% on 6-10K and 1.25% above 10K.

    A few years ago when CapOne were withdrawing all their generous cashback deals I stated that I put one overseas purchase a year on it to give them a few quid in FX charges and keep them sweet with regards to keeping my cashback deal (and it cost me nothing as I would reclaim it on expenses). I was derided at the time, but guess who had the last laugh I haven't put any overseas spend on it for the last 18 months as I no longer travel internationally for work, but I still have the same deal.
    • ratechaser
    • By ratechaser 19th Sep 19, 7:43 PM
    • 627 Posts
    • 533 Thanks
    ratechaser
    The Capital One Classic creditcard is one of the best in term of cashback if you include 10 annual bonus (+0.5%) they give you for good behaviour.
    Originally posted by adindas
    Their old 'World' card was at one time the best cashback card on the market by some margin - 2% and a fixed 12k limit IIRC. Won't see those days again...
    • adindas
    • By adindas 19th Sep 19, 8:18 PM
    • 4,204 Posts
    • 2,698 Thanks
    adindas
    Their old 'World' card was at one time the best cashback card on the market by some margin - 2% and a fixed 12k limit IIRC. Won't see those days again...
    Originally posted by ratechaser
    Well if no one could get this cashback rate nowadays there is no point comparing it with the current cashback credit cards.

    Just a make up scenario.
    If you make purchase 1 month with capital one classic Credit card. You will be spending 12 a year.

    With 12 spending you will be getting 10 (bonus) + 0.06 (0.5% of 12). This will equate to 83.33%. Could you beat that,
    Last edited by adindas; 19-09-2019 at 11:42 PM.
    • ratechaser
    • By ratechaser 20th Sep 19, 7:26 PM
    • 627 Posts
    • 533 Thanks
    ratechaser
    Well if no one could get this cashback rate nowadays there is no point comparing it with the current cashback credit cards.

    Just a make up scenario.
    If you make purchase 1 month with capital one classic Credit card. You will be spending 12 a year.

    With 12 spending you will be getting 10 (bonus) + 0.06 (0.5% of 12). This will equate to 83.33%. Could you beat that,
    Originally posted by adindas
    It was not a comparison, simply an observation. And as I said, those days are long gone sadly. But whether in prime or sub-prime, CapitalOne does appear to have a decent record over time for cashback.

    As for your challenge - accepted! Barclaycard Platinum balance transfer card has 20-21 available through TopCashback for accepted applications, no mention of any required spend.

    So let's see, get the card, spend 0 on it, get 21 cashback. Think that's approximately ♾%, but I'll let you do the math
    Last edited by ratechaser; 20-09-2019 at 7:28 PM.
    • Scott1875
    • By Scott1875 23rd Sep 19, 6:17 PM
    • 30 Posts
    • 5 Thanks
    Scott1875
    Just been accepted for Barclaycard with a 5k limit and better APR. Hopefully having the two credit cards will go for me and help improve my credit file further. Big boost to my credit utilisation which is good!
    • Gary_Dexter
    • By Gary_Dexter 23rd Sep 19, 7:24 PM
    • 6,894 Posts
    • 4,588 Thanks
    Gary_Dexter
    BarclayCard is Visa and Cap1 is MasterCard as well.

    So if one payment system goes down you’re also covered with the other one.
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