You Can Now Consolidate/Reallocate Credit Limits With Capital One Online (And Close Cards)

Update 5/15/24: This is possible again.

Update: Seems to be a soft pull

Capital One now allows it’s cardholders to consolidate/reallocate credit limits between multiple cards within their online interface, in the past Capital One didn’t let it’s cardholders reallocate credit limits at all, so this is a massive improvement.

[Read: Rules For Reallocating Credit Limits With Different Credit Card Issuers]

How To Use The New Feature

  • Log into your account
  • Go to the Services tab
  • Click Request account combination
    • Simplify your wallet
    • Combine credit limits onto your preferred card
    • Close cards you don’t use

If you have no eligible cards (see requirements below) you’ll receive an error message.

Rules & Other Important Information

  • Unsure if this is a hard or soft pull, please share your experiences in the comments. Data points:
    • Soft pull: 1
    • Hard pull:
  • It’s supposed to take only five minutes for the account combination to occur
  • Cards must be in good standing
  • Cards must be open for at least six months
  • One card must have a $0 balance and no pending transactions
  • Card’s must be linked in your online banking profile

Final Thoughts

This is a significant improvement to what Capital One previously offered (nothing), Capital One did promise improvements when made two negative changes to redeeming rewards, so this is great firs step – hopefully they continue to make improvements. I actually think Capital One has the best system for credit reallocation and account closure out of all credit card issuers (American Express’ online system is also pretty good when it’s working). Hopefully this also puts pressure on other credit card issuers to improve their own reallocation and account closure systems.

I just wish Capital One wouldn’t do a hard pull on all three credit bureaus when you apply for a card, then they really would be much more competitive with Chase, Citi & American Express.

Hat tip to 
    William Charles
  • On May 15, 2024, 21:40

View Comments (55)

  • This is great. I have two long term Quicksilver cards after my original got upgraded from Quicksilver One. Both have annual fees with the latest but one is $10 higher so I'm essentially paying two fees for the same card. Capital One has never offered to upgrade either to something like Savor, which I would love. I was able to successfully transfer the majority of my credit line to my older, less expensive card so now I can close out the other once I use up my reward balance.

  • I closed out my and P2 quicksilver cards when this became available. Today, I got an email to open a quicksilver card with $300 because of my loyalty. Anyone else get this offer too?

    Used the card to buy groceries and will see if the bonus posts.

  • Am about done with Capital One. Have had a business card for past four years, and pay via my bank's bill pay. The past two months my bill pay has been late due to their not having an agreement with the bill pay company so a drafted check has to be mailed. It appears that it was lost in the mail so had to do a stop payment on. Had the late fee waived the previous month but not this time. Want to cancel the card but my just stop using it.

  • I am curious if this will mean that instead of getting rejected applying for a second Capital One credit card we reallocate the credit line from an existing card to a new card. Similar to Chase's credit card reconsideration line feature.

  • Cap1 does the credit limit reduction themselves. I get email saying my highest balance is significantly lower than my credit limit. So they will review my account and may reduce my CL. They had reduced my CL on venture one from 30k to 10k, I closed it. With 10k I cannot spend more than 1k in order to keep my utilization low.
    Let’s see what happens to X.

Leave a Comment