Capital One Platinum cardholders are generally eligible for credit limit increases after six months of on-time payments, but that doesn’t mean you will necessarily be granted one.
Your best bet would be to call customer service at 800-955-7070 and ask. For more information, you can check on credit limit increase options in the materials mailed with your credit card or read our article on How to Get a Higher Credit Limit.
Automatic credit limit increase to 500$ after making your first 5 monthly payments on time is for card holders that are on the capital one credit steps program. You will know if you are in the program by logging into your capital one account on PC or mobile and it will show your progress directly under the statements portion of the dashboard.
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