Are you wondering “why my Capital One account is restricted”? Then you are not alone, a lot of people end up restricted due to a variety of reasons. Capital One is known for being one of the best banks in the US, Canada, and the UK.
Their credit cards are some of the most popular ones in these countries, with its network so large that the credit card loans are around 47.3% of the total loan amounts. Since a lot of people use the Capital One credit card for loans, having it restricted can be very problematic. Here’s why the card might be restricted and how you can fix it.
Why Is My Capital One Credit Card Restricted?
Just like any other bank, Capital One will issue restrictions on a certain account when they believe the account does something abnormal or strange.
For example, if you go over the credit limit multiple times, they will restrict it until you are under that limit.
They will also reduce the maximum credit limit automatically if you surpass it.
While they don’t cancel the card, the Capital One restrictions are more of a suspension of the card.
They can also restrict it when they detect fraudulent activity from the card too.
If a very strange payment is attempted, they might block your credit card automatically, and the transaction is canceled. Capital One might restrict accounts that try to bypass their reward points system to stay away from financial losses.
Also, they might stop your credit card account or restrict it when you shop items you never shopped before or when you make some large changes to the account.
Also, when you buy things in another country, that will look suspicious, and they will choose to restrict it. Even if you buy a lot of items within a short amount of time will make them restrict the account.
SUMMARY
Restricted doesn’t always mean permanently closed. The restriction most likely means that you made some unusual changes to the account, or you went over the limit.
How To Remove Restriction On Capital One Credit Card?
Instead of searching “why my Capital One account is restricted” online, it’s a much better idea to talk with them directly at 1-800-227-4825 for personal credit card products or at 1-800-867-0904 for the small business credit card.
They will let you know if there’s any sign of fraudulent activity or why the account is stopped in the first place.
Most of the time, the reason why your Capital One account is stopped is mostly due to having too much credit.
The solution here is to pay off all your outstanding debt to reopen the account. Usually, that will happen automatically, or you might have to call them directly.
As we mentioned earlier, if any activity out of the ordinary appears on your credit card, they will stop it automatically. They have a dedicated fraud department, and they assess everything to see what happened. In fact, Capital One might even close the account just to avoid issues.
SUMMARY
It’s always a good idea to call the customer service directly at 1-800-227-4825 (personal credit cards) or at 1-800-867-0904 (small business credit cards).
Are There Any Penalties?
Thankfully, Capital One is not going to penalize you in any way.
However, as long as your credit card account is inactive, you can’t get more money from them.
But you need to repay the old debt and you will be good to go.
That’s a very important aspect to keep in mind.
Bottom Line
As you can see, if you’re wondering “why my Capital One account is restricted”, there’s no real need to worry.
It most likely means that you made some unusual changes to the account, or you went over the limit. Contact the Capital One team, and they should be able to offer you the assistance and support you need!
Nonsense, try traveling with a Capital one credit card and see what a menace the ridiculous double verification system is. I’m an American citizen with American income that lives between Thailand and California. Since Capital one will not accept a foreign contact number on top of your American contact number many purchases are impossible to make when you travel.
This is simply a case of corporate greed, reducing their losses from fraud no matter how many 20 year customers that inconveniences.
I recently used my capital one credit card to pay for $20 of food and coffee from a local coffee shop. Capital one thought that was “suspicious” and put a security freeze on my account. It wasn’t just a simple phone call to resolve the issue. It was three phone calls and a total hold time of 2 1/2 hours, in addition to a 7-10 day review period by their “dedicated” fraud department. My banks credit card department will only place a security freeze on my account if I call them and request a freeze.
Both of my accounts are restricted and I made my payments! Nice every payment made interest is taken out if the payment and the cards are if no use to be. If the restrictions aren’t lifted I am unable to open another account and I need an emergency card .
Please fix this
I started paying my Capital One balances with a new bank account. I carry zero balance on my CAP1 cards. Now both are restricted. Going on 2 weeks now. All they will say is that it’s because I started paying with a new bank account. SO WHAT? Who are YOU to be allowed to judge what account you are being paid from? Isn’t my bank account information NONE OF YOUR BUSINESS?
I was approved for a capital one card 5 months ago with a 300$ limit in hopes to build my credit. I use this card for all my purchases and I pay the balance right away with my bank card checking account. I shop online quite abit and this is the card I prefer to give to merchants. I’ve made some 200 dollar plus purchases lately for building materials that I need and I pay it back from my checking right after the purchase so that I can keep using the card. I’ve never gone over the limit.