One can apply through Capital One for a Capital One credit limit increase by contacting them over the phone to start the increase application process. They typically base the decision on a person's history of making payments and spending habits as well as their income. Sometimes, they will give out an increase without an application depending on the credit agreement.Credit limits are given to
. credit card customers to ensure they don't go over their maximum budget. A limit provides them with a stopping point if they are spending too much money. Once the limit is reached the credit card no longer takes on any more charges and will be declined if used at any retail store. Once a payment is made to lower the balance below the credit limit the person can begin using the credit card again.The best option for credit card usage is not to get close to the credit limit. Using credit cards unwisely can affect a credit score negatively especially if one defaults on a payment. Once a person gets close to the credit limit, he should look for ways to lower his debt on the credit card. Credit cards make buying almost too easy for some people and that is where the limit comes in handy, to slow the spending so the person has time to reevaluate their spending habits and get their balance back down to a manageable level. Some credit card companies may even lower the credit limit if they notice a customer is having difficulty paying their monthly payments.If one has a Capital One credit card and wishes to have the credit limit increased, call the number on the back of the card or look online at their website for contact information. Their staff should be able to increase the limit if they foresee no problems.More reference links: www.capitalone.com http://www.capitalone.com/onlinebanking/faq.php
