How do I increase my credit limit?

Wouldnt it be nice to do what the govt does when they need more money. Like Ron Paul says, they go to the Federal Reserve, a non Federal corporation to print the money and devalue the money we have. Sorry it doesnt answer your question, just wanted to throw that out there.

It says here that “Capital One has placed a freeze on any credit limit increases.”

You might want to try getting a second Capital One credit card and then combine the two.

Call Cap one and wait for a person. (Perhaps do your taxes while you are waiting.) I have a Cap one card and, like you, pay all my bills on time. Cap one has automatically raised my line of credit to $15,000 w/o my asking. Perhaps when you finally get to customer service, threaten to drop the card and tell them about Citibank. (Altho I would worry about Citibank these days…the value of their common stock has dropped- kaboom- and I hear that they might lower the dividend. I just sold my few shares of common stock.)

Sorry, Just saw sferik’s link. That is news to me.

Yeah echoing gail and sferik here-the credit markets are a bit shaky right now, not sure how much leverage you can have in trying to ‘muscle’ or massage an increase from Cap One;

You could try applying for another credit line with another competitor? Maybe some other company may want your new business bad enough to sweeten the deal with an extended credit limit…I would talk to someone though as gail had suggested.

Lastly, check with your own bank’s credit dept or with a credit union (esp. if your employer is affiliated with a credit union)-they may also want your business as well. Lastly, research your credit history and find out if you’re payment cycles and balance histories are working to your advantage (i.e. not carrying forward large balances month-to-month, etc.). You may be able to ascertain more if you know your credit score/history on paper…

P.S. If you have any other assets, i.e. homeowner, other monetary assets, these might be items that can influence a creditor’s decision in granting a credit increase, even in the case of ‘unsecured’ credit lines.

chase bank credit cards are easy and raised my limit so high I had to tell them to lower it in fear that I actually use it. Try them out.

all the suggestions above should be helpful for you in general, but to answer your specific question about capital one: capital one’s policy is to NEVER give user-requested credit line increases (CLIs). capital one automatically reviews your credit periodically and decides to give you a CLI when they feel like it. they will not give you one when you ask for it, even when your financial situation changes.

the solution, as explicitly detailed to me by a capital one representative when I pointed out how obviously flawed this policy is, is to open a new card. when you open a new account, they’ll review your credit from scratch (keep in mind this will be a hard pull of your credit history) and will take into account current income, etc.

if you’ve had your old capital one card for a long time, make sure NOT to close the old card when you open the new one. having any credit card in good standing for a long time is a positive factor in your credit score. (this is in fact the only reason I’ve kept my capital one card at all, since I’ve had it over a decade. I now put about 1 purchase on it a month and then pay just to stay current.)

hope that helps!

i did not request credit limit increase, but capitalone did do a review limit increase of january 2008 and increased without request. The information that all credit limits are frozen may be inaccurate. the date on web doc was mid 2006, my increase was after this period.

I’ve been cardholder of Capital One, They never increase my credit limit for 3 years during I keep pay my bill on time. I decide to open second card with same capital one once they finally increased my credit limit twice. I still don’t get it why my first card is not increase my credit limit by Capital One?