How can I get a Capital One Secured Card credit limit increase?

There are two ways to get a Capital One Secured Card credit limit increase: depositing more money than required and consistently paying your monthly bill on time. The first option is available prior to account opening and the second after your account has been open for at least five months. I’ll walk you through both below.

Capital One Secured Card Credit Limit Increase Options:

1. Over-Deposit Before Getting Your Card

If you get approved, Capital One will require you to place a security deposit of $49, $99 or $200 to actually open your account. The deposit amount you’re assigned depends on your overall creditworthiness, but everyone starts with a $200 credit limit – unless you deposit more than is required, that is. Any amount you deposit above what’s required will boost your spending limit by the same amount. For example, if you’re required to place a $49 deposit and you put down $149, your credit limit will be $300 instead of $200.

You can actually raise your credit limit up to $1,000 this way. But that’s the absolute maximum, and you can only do it when you first send your deposit.

2. Pay On Time For 5+ Months

After account opening, the only way to get a Capital One Secured Card credit limit increase is to pay on time for 5 months. If you do, Capital One will likely raise your credit limit during the 6th month. By how much, though, is completely up to them. If you pay on time but other aspects of your credit get worse, you might not get an increase.

It’s also possible that Capital One will eventually return your deposit and transition you to an unsecured credit card with a higher credit limit. But that depends on how financially responsible you are.

Final Take

Different secured cards have different rules regarding security deposits and spending limit increases. You can usually increase your limit by depositing more money, often at any time. But you generally can’t just call and ask for more spending power without giving the credit card company something in return. And Capital One certainly doesn’t allow that.  

If you've had over 6 months the card, and have been paying it on time religiously, then sure, you can give them a call.

After 6 months of on time payments and  occasionally paying off the full amount I automatically got a $300 increase. This is a great card and is amazing at building or rebuilding credit. I would also recommend the discovered secured credit card they also offer a credit increase after 6 months and cash back.

Call them and ask for it it you've had your card for a while. This was my first card and it helped my credit a lot. I have a quicksilver now.

After paying my fifth statement, I got an automatic increase of 300 without asking. That was on my secured card with a 1k limit.