The minimum Capital One Venture credit limit is $5,000. The maximum Capital One Venture credit limit is not public knowledge, but some applicants report starting out with credit limits around $10,000. Some of the most qualified applicants claim to have received credit limits as high as $30,000 to $50,000.
Capital One will determine each cardholder’s credit limit based on their credit history, annual income and other factors. If your Capital One Venture credit limit is less than you’d like, you can request a credit limit increase. To do so, log in to your online account or call customer service at 1 (800) 227-4825. Your account should be open for at least three months with no late payments to have the best chance of approval for a higher Venture card credit limit. And even then, there’s no guarantee your request will be approved.
You can request a credit increase with Capital One online or over the phone: 1-800-955-7070. To be eligible for a Capital One credit-line increase, you must have an unsecured credit card, your account must be at least 3 months old, and you can’t have had a credit increase or decrease within the last 6 months. The odds of success are best when you pay your bill on time for at least 12 consecutive months prior to asking for a higher limit. It’s also important to note that once your account has been open for 5 months (and you’ve made all your payments on time), you may become eligible for an automatic credit-limit increase. Capital One will start periodically reviewing your account for that purpose once you’re eligible.… read full answer
To request a Capital One credit line increase online, log into your account, click on the “Card Services” tab, and select “Request Credit Line Increase.” Then fill out the form with your income, employment status and rent or mortgage payment, and click “Submit.” To request an increase over the phone, call 1-800-955-7070 and choose “More Options,” then “Credit Increase,” and give your information. You may be asked additional questions when requesting over the phone, so have your information ready.
You should receive a decision in your inbox within 3-5 business days, if you’ve opted-in for paperless statements. Otherwise, you’ll receive a letter in the mail 7-10 business days after submitting your request. You cannot ask for a specific credit amount when requesting an increase. If you’re approved, you’ll receive the highest limit possible based on the information you provided.
If you’re declined for a Capital One credit increase, you can request another at any time. However, it’s recommended that you wait at least 6 months. An exception would be if your financial situation improves, like receiving a raise. Any time your income goes up is an appropriate time to request a credit increase, assuming your debt doesn’t go up too.
Capital One does not have one general credit limit for all its credit cards, but some Capital One cards list a minimum credit limit in their terms. The minimum credit limits for Capital One QuicksilverOne, Platinum, Journey Student, Cabela’s CLUB, Bass Pro Shops CLUB, and Walmart Rewards are all listed as $300.… read full answer
On the other hand, Capital One Venture, VentureOne, Quicksilver, Savor, and SavorOne do not list a minimum credit line in their terms. And all Capital One credit limits ultimately depend on your annual income and overall creditworthiness, so it’s hard to say what anyone’s limit will be without knowing those things first.
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