asking for credit line increase after new credit card decline

asking for credit line increase after new credit card decline
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#1

Hi.
I have one cc (Capital One) with just $500 limit. My credit history is short ( 1yr+ 7months) since I live outside the US (although I am a citizen).
I tried applying for new Capital One cc and was declined since they couldn’t verify my income (outside the US). Should I ask for credit line increase with the current cc or will they automatically decline because it is the same bank?
My credit score is 707.

By the way, I also have the option of approaching them and ask them to try a little harder to understand my bank statements…again from a non-American bank… :).

Thnx


#2

Hi, @ronitkn. I’ll ask our credit card experts if they have any ideas. Do you file US tax returns, by the way? I’m wondering if that might be another way to prove income.


#3

That is a very good point.
Till now I did not file US tax returns. Now there is something called a streamlined procedure for US citizens living outside the US and I am doing that. Maybe really that will help since the IRS will have all my info.
I am still wondering if I should go ahead and ask for a saise in my credit line in my current platinum Capital One cc.


#4

Hi @ronitkn! Capital One has a FAQ page on requesting an increase in your credit line on a Capital One card. See it here. That can help you gauge your chances of approval.

You can usually ask for a credit limit increase by signing in to your account online. You could try asking in Capital One’s online chat whether such a request would result in a hard inquiry that could affect your credit scores.


#5

Thanx
I will take a look at that