Maria Adams, Credit Cards Moderator
There are two ways to increase your Capital One secured card's credit limit: deposit more money than required when you open the account or pay your bill on time and hope you get an automatic credit limit increase. If you make on-time payments for the first six months, you will be considered for a higher credit limit on your Capital One secured card.
Ways to Increase Your Capital One Secured Card Limit
- 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 credit standing, 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.
- Pay on time for 6+ months
After account opening, the only way to get a Capital One secured card credit limit increase is to pay on time for 6 months. If you do, Capital One will likely raise your credit limit during the 7th 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.
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.
The only absolute chance you have to get yourself more credit is at the very start when you send in extra money on top of your deposit. Otherwise, you’ll have to speak with your actions by paying on time until Capital One raises the limit themselves.
Capital One Platinum Secured Credit Card
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.
After paying my fifth statement, I got an automatic increase of 300 without asking. That was on my secured card with a 1k limit.
People also ask
Paul Filmore, Member
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.
Make payments on time and balance low
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I've had this for over 3 years, never missed a payment, my score is over 700 now and they will not increase my credit limit.
I have had a secured Capital One credit card for 7 month's now. I pay my card off in full every month and was hoping I would receive a credit increase but haven't. Is it worth calling and asking for an increase, even if it's only $200-$300 ? Also, not sure if this makes a difference but I'm located in Canada. I was asked to put down a security deposit of $300. I put down a security deposit of $800. Then a month later put down another $300 so I had a $1100 credit limit. Then I recently added another $350 so my limit is now $1450 . With my initial deposit of $800 it did not increase my limit by almost double ($1600) as you mentioned above regarding requiring putting down a $49 deposit but given a $300 limit by placing a deposit of an initial $149. Why would I then not have had my limit be $1600 by placing my deposit of $800? Sorry for asking, I'm just confused as to why my limit was ONLY what I actually sent in as my initial deposit instead of $800 of my funds and $800 added to my limit by Capitol One themselves. I almost feel as if I was somehow ripped off since my current limit of $1450 is all from my end/my money only. Also do you know if having a Capitol One secured card that i would be able to go over my limit? Example my limit is $1450 but I needed to charge $2200 to my card. Or would doing that not allow the charge to go through because its a secured card. I greatly appreciate your time and any information/advise/help is truly appreciated. Thank you