Once you’ve been using your card for a little while, you may wish to increase your credit limit. Even if your monthly bills don’t come close to your credit limit, having a higher amount of credit available to you will better your credit utilization, thus raising your credit score.
In many cases, it’s as simple as asking—you can either call the customer service line or log in and fill out the request online. However, a few scenarios make accounts ineligible for a credit line increase with Capital One:
The account was opened within the last few months.
The card is a secured credit card.
You’ve received a credit line increase or decrease in recent months.
If none of these situations apply to you, you may be eligible for a credit line increase. A history of on-time payments and low credit utilization will work to your advantage, too.