Sebi Mitchell, Credit Cards Moderator
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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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