Chip Lupo, Credit Card Writer
@CLoop
You can request a Capital One Spark Miles for Business credit limit increase online, through the Capital One mobile app, or by calling customer service at the number 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 if the revised income clearly shows that you can afford a higher limit.
How To Get a Capital One Spark Miles for Business Credit Limit Increase Online
- Log in to your online account or the Capital One mobile app.
- Choose the Capital One Spark Miles for Business card from the list of account options (if you have more than one Capital One card).
- Click “I Want To...,” and then “Request Credit Line Increase.”
- Enter your total annual income and last year's total business revenue.
- Confirm the information entered and click “Submit” to complete the request.
You should receive a decision in just a few seconds. If you’re approved for a Capital One Spark Miles for Business credit limit increase, the new limit is effective immediately.
Impact of a Capital One Spark Miles for Business Credit Limit Increase on Your Credit Score
When you request a Capital One Spark Miles for Business credit limit increase, Capital One will conduct a soft pull of your credit report, which does not affect your credit score. However, some Capital One Spark Miles for Business credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. Capital One cannot do a hard pull without your permission.
Alternatively, you could be eligible for a Capital One Spark Miles for Business credit limit increase without even requesting one. The Capital One Spark Miles for Business may offer an automatic credit limit increase if Capital One’s regular review of your account shows a history of on-time payments and low debt.
Popular Credit Cards from Our Partners
People also ask
How do I request a credit limit increase with Capital One?
You can request Capital One credit limit increase online, through the Capital One mobile app, or by calling customer service at the number 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 if the revised income clearly shows...
read full answer by Chip Lupo, Credit Card WriterHow can I redeem my Capital One Spark Miles rewards?
You can redeem Capital One Spark Miles rewards by transferring your miles to 15 airline partners currently. This way you can get 2:1.5/2:1 transfer ratio for your miles.
Another option is to use them for qualifying travel-related purchases, from flights and hotels to ride-sharing services.
For this, you have to purchase anything travel related as you normally would, with your credit card. After this you have 90 days to “erase” this purchase with...
read full answer by Andrew Patton, MemberShould I increase my credit limit?
You should increase your credit limit as long as it won’t make you overspend. Getting a credit limit increase does more than just give you increased spending power. It also gives you the potential to lower your credit utilization, which can benefit your credit score. But just because receiving a credit limit increase is a good thing does not mean it’s always the right time to ask for one.
What to Know Before Requesting a Credit Limit...
read full answer by WalletHub, Financial CompanyDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.