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| Capital One is beginning to raise credit limits again. | ||||||||
| Capital One is starting to raise credit limits for existing customers with prime and subprime credit scores. But for new customers, the card issuer is continuing to hand out smaller credit lines. Its decision to boost credit limits for certain customers came after Capital One's initial move to lower limits in August in an effort to mitigate financial risks during the pandemic. This move to boost credit limits for some customers was likely done in an effort to give customers more spending freedom, which would therefore boost the likelihood of them spending more on their credit cards. Insider Intelligence's Adriana Nunez has the full story. | ||||||||
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