Sebi Mitchell, Credit Cards Moderator
@sebim
There can be many reasons why Capital One lowered your credit limit. Most commonly, it's because:
- You missed a payment
- Negative information appeared on your credit report
- Something about your income or level of debt changed
- There’s no financial activity on your account
If you think that your limit shouldn’t have been decreased, call the number on the back of your card to talk to a representative about your concerns.
And to avoid a lowered limit in the future (or to improve your chances of being granted a credit limit increase), pay your bills on time and stay well below your current limit.
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What is the starting credit limit for a Capital One credit card?
There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.
When determining credit limits, factors such as your debt-to-income ratio, repayment history and the length of your credit history will play a significant role. Unfortunately, there's no surefire way of knowing your credit limit before applying and getting approved for a Capital One credit card.
How to get...
read full answerHow do I request a credit limit increase with Capital One?
You can get a Capital One credit limit increase by requesting it online or by calling customer service at the number you see on the back of your card. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Capital One has on file. Capital One will be more likely to increase your credit limit...
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