In a previous article, you may have seen how to close your Capital One credit card account? In this article, we will see why is my capital one account is restricted?
Capital One is one of the best banks in the UK, Canada, and the US. They had their own terms and conditions.
Their credit cards are most popular in these countries with large networks and the credit card loans are around 47.3% of the total loan amounts.
You are not alone in facing such a problem, there are many people whose accounts are restricted due to various reasons.
A lot of people use capital one credit card so, it’s very difficult for them if it is restricted.
Here, we will see why your card gets restricted and how to fix it.
Why Is My Capital One Credit Card Restricted?
Capital One restricts your credit card account when they found something different or anomalous in your account. Capital One has its Terms and conditions.
There are many reasons behind this, for example, if you exceed your credit limit multiple times, they will restrict your card till you are under that limit.
While they cannot cancel the card, just suspend your card. When they found any fake activity or strange payment is attempted, Capital One cancels the transaction and automatically blocks your credit card.
Capital One may restrict such accounts that try to avoid their reward point system to stay away from financial losses.
Also, they may restrict your card or stop your account at the time when you shop items you never shopped before or when you make larges changes to the account.
When you shopped from another country or you buy a lot of items within a short period of time, they will choose to restrict it.
Restricted does not mean that account is permanently closed, it means when you make some changes or you went over the limit.
Don’t Miss: The best way to close a capital one account
How to Remove Restriction on Capital One Credit Card?
To remove a restriction on capital one credit card account you can directly call the customer service at 1-800-227-4825 for personal credit card products or at 1-800-867-0904 for the small business credit card.
They will inform you if there is any sign of fake activity or why the account is stopped in the first place.
Why your Capital One account is stopped, the reason behind this is having too much credit.
The solution for this is to reopen the account by paying all your outstanding debt and it will happen automatically or you may have to call them directly.
If any of the above activity appears on your credit card, they will stop it automatically. Their fraud department evaluates everything to see what happened, Capital One may close your account just to avoid issues.
Are There any Penalties?
Capital One will not be going to penalize you in any way. Unless your credit card account is inactive, you can’t get more money from them.
One more most important thing to keep in mind is that you need to repay old debt.
From the above discussion, you can understand why capital one credit card account can be restricted and how to remove restrictions on them.
It is because you made some unusual changes to the account or you went over your limit.
The solution for this is contact to the capital one team, they will help you to solve your problem.