How to Get a Credit Limit Increase on Your Secured Card

You can increase the credit limit on your secured card by sending in more security funds. We will increase your credit limit by the same amount you send in, up to a maximum limit of $2,500. Please note that Quebec residents with an annual interest rate above 22% are not eligible for a credit limit increase. This rate is subject to change.

Any additional security funds you send that increases your credit limit but aren’t a whole dollar amount will be rounded down to the nearest whole dollar. For example, if your credit limit is $300 and you sent in $100.54 in additional security funds, this would increase your credit limit to $400 when rounded down to the nearest whole dollar. If you later sent in an additional $0.50 in security funds, that would increase your credit limit to $401 ($300 + $100.54 + $0.50 = $401.04, or $401 when rounded down to the nearest whole dollar).

If you send in additional funds that would take your credit limit above $2,500, we won’t increase your limit but we’ll add the amount to your security funds balance. For the most up-to-date terms, please refer to the “Security funds” section of your Cardholder Agreement available at capitalone.ca.