Why is my Capital One Account Restricted, And How To Fix It?

Updated On: July 7, 2022
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Why is my Capital One Account Restricted, And How Do I Fix It? If you recently got a Capital One credit card, the chances are that you have this question in mind. Unfortunately, there is no easy answer to this question. Only the representatives of your local Capital One branch can help you fix it.

Here's how to go about fixing your restricted account! But let us understand what is and the reasons for restricting your account.

What is Capital One?

Capital One is a financial services company that offers credit cards, savings accounts, and more. It was founded in 1988 and is based in Virginia. Capital One has more than 31 million customers across North America. It is 98th on the fortune 500 list and works in The United States, Canada, and United Kingdom.

What might be the reasons for restricting your Capital One Account?

There are several reasons that your account may be restricted. Capital One sometimes places restrictions on accounts to protect themselves from unnecessary losses.

What Might Be The Reasons For Restricting Your Capital One Account

In other cases, the creditor might have set the condition on your account for its protection when they believe you may not be able to make payments or when suspicious activity is happening with the report.

The following are possible reasons for your Capital One Account being restricted:

You have reached your credit limit: 

This is often the case if you have not paid your bill within 30 days. Your creditor will likely limit your account until your balance due has been paid off;

You are behind on payments:

If you've only missed one payment, it should be possible to make up for this by making six consecutive monthly payments. However, if you're behind on payments by two or more months, you will likely need to wait until your account becomes un-restricted automatically;

Suspicion of fraudulent behavior:

If Capital One suspects that the recent transactions on your account are not yours or might be fraudulent, they may place restrictions on your account.

This is also often the case if you've made several purchases with your credit card that are different from the usual routine for you;

If the information on your account seems incorrect or incomplete:

If Capital One cannot make contact with you or they don't think that the address you provided is correct, they may place restrictions until they can verify your identity.

Capital One may also put restrictions on your account if they cannot verify the information for an automatic payment transaction.

Your account has been inactive:

Capital One will likely restrict you from using your credit card if there have been no transactions made or funds accessed with it after a certain period, usually around 1-4 months;

Your account is delinquent:

If you're behind on your payments, Capital One will likely restrict your access to credit until you've paid off the balance due.

If there are no problems with your account and if none of these apply to you, it might be worth checking with your financial institution before attempting to contact Capital One directly.

What to Do When Your Account Is Restricted?

You can do several things to fix or prevent your account from being restricted by Capital One.

Calling Capital One:

It is easy but essential to call capital one’s representatives to know what is going on. They will tell you what has happened with the account and why it was restricted in the first place.

How To Contact Customer Support Of Capital One?

The first thing to do is call the Capital One customer service line. You can do this by dialing:

  • Capital One Customer Service
    1-800-CAPITAL (1-800-227-4825) (For servicing of existing accounts only)
  • Outside The US, Call Collect
    1-804-934-2001
  • Online Banking Support
    1-866-750-0873
  • Fraud Protection
    1-800-427-9428 or 1-800-239-7054
  • International Collect Calls To Report A Lost Or Stolen Card
    1-804-934-2001
  • Capital One General Customer Service Phone Support
    1-877-383-4802

The customer service representative will want to know your name, the phone number you used in opening the account, and why Capital One has restricted your account. When you call in, you are calm and collected; if they believe you're irate and stressed about the situation, they can refuse to speak with you, and you will never get your questions answered.

How To Contact Customer Support Of Capital One

Once you talk to a representative, they should be able to give you information on what caused your account to become restricted. If, for instance, it was due to late payments, the rep will likely tell you that if you make six consecutive scheduled payments, your account will become un-restricted.

On the other hand, if you've reached your credit limit or other reasons led to your account being restricted, they may tell you to wait until the restriction is lifted automatically after a set amount of time.

There are cases in which Capital One representatives will ask for copies of your driver's license, utility bills, and other documents before they will un-restrict your account. If this is the case, do not hesitate to send these as soon as possible, as it will help them process your request asap.

Once you've confirmed what caused the issue with your account and how long it'll take for the restriction to lift.

This time, ask the representative what you can do in your current situation. They may tell you to apply for a loan so that you can pay off other accounts or buy something expensive (e.g., a car). If this is not possible, they may ask for collateral so that they can un-restrict your account.

If this is not an option, they may suggest you open a new account with them. While opening up a new

Paying back your credit to zero:

If the first situation is in order, you must pay back what you owe to the bank to open the credit card. So this is all the information you need to be informed of and the know-how to tackle the situation when your card gets restricted by Capital One. With this, you will be able to get out of the precarious situation with ease.

How to avoid having your Capital One account restricted

Timely Payments:

Making timely payments is a great way to avoid having your account restricted. This is especially important if you have a payment due within the next few days, as an untimely payment may lead to Capital One restricting your account mid-payment. To make sure that your price goes through, you should try to make your payment before the due date or at least several hours before.

Staying up-to-date on payments will also help ensure that Capital One doesn't suspect any suspicious activity with your account and won't restrict your account from such an issue. Remember not to be late on payments (or at least attempt to pay on time) and always pay more than the minimum due if possible because Capital One charges very high-interest rates.

Urgent Actions:

If you need cash urgently, ensure you do not resort to illegal or unethical behaviors. This includes applying for loans with companies that may seem reputable but that aren't (such as lending companies, payday loans, etc.), using credit cards with your name even though you don't know where the card is coming from, and writing bad checks. These illegal acts may lead Capital One to suspect fraud on your account.

Personal Actions:

It is essential to ensure that you are not doing anything to cause Capital One to mistrust your intentions. This means that putting yourself in situations where you cannot make payments on time or at all is a bad idea, as even if Capital One does not restrict your account, it will likely lead to them charging you very high-interest rates on future purchases.

It is also essential to keep your account information safe and secure, as allowing someone else accesses your account may lead Capital One to think that you are enabling suspicious behavior on the account.

Avoid Significant Increase in Activities:

If you have had little activity on your account for a while and then suddenly there is a significant increase in exercise (such as purchasing your credit limit), Capital One may restrict your account due to the sudden change in activities.

This can be prevented if you avoid making a significant purchase or withdrawing money from the bank. The increase in withdrawal amount will typically prompt a quick response from Capital One, allowing them to warn you before they restrict your account.

If this does happen, make sure that you contact Capital One and explain your situation as soon as possible, and they should be able to help you resolve the issue.

Lower your credit limit:

You can lower your credit card's available credit by calling Capital One and asking them to decrease it. This will reduce the amount of capital One tries to pay for purchases on your account, reducing the chance of fraud.

Enable text or email alerts:

You can contact Capital One to set up text or email alerts that will warn you when certain activities are occurring with your account. This includes when your available credit is running low, preventing Capital One from restricting your account because it is over the limit.

Set a monthly spending maximum:

If you spend most of your money on your card at once and do not carry a balance, you can contact Capital One to set up maximum monthly spending. This allows you to make as many purchases as you like (even though it may cause your credit limit and available credit to be reached) but prevents fraud on your account due to insufficient funds available.

Limit the number of cards linked to your account:

If you have multiple Capital One credit cards, then you must limit the number of cards linked to your Capital One account. This allows you to easily control which accounts are active and is a way for Capital One to prevent any suspicious activity on your account.

Monitor your credit report:

You can monitor your credit score from free services such as Credit Karma or Credit Sesame. This is an excellent way to ensure that Capital One is not reporting anything suspicious to any of the major credit bureaus.

Is Capital One Safe To Use?

Capital One is safe to use, but you should always be aware that you are giving a financial institution your credit card information.

This can lead to identity theft if you enter your card information compromised website. It is also wise to monitor any suspicious activity on your account. If Capital One restricts your account for any reason, you should contact them immediately to try and resolve the issue.

Is Capital One Safe To Use

No one wants their account restricted by Capital One, but it happens occasionally. Restricted funds can be frustrating because they prevent you from being able to make any purchases on your card for some time while Capital One investigates things further.

Conclusion

While you shouldn't expect Capital One to restrict your account, it's important to be aware of what can cause an account to become restricted. For this reason, it is best to check up on your account regularly (e.g., quarterly) by accessing your online dashboard or checking your credit score.

Note: If you want more information on how to fix your restricted Capital One account, contact them, and they will get back to you within 72 hours.

Michael Restiano

I lead product content strategy for SaltMoney. Additionally, I’m helping our broader team of 4 evolve into a mature content strategy practice with the right documentation and processes to deliver quality work. Prior to Instacart, I was a content strategy lead at Uber Eats and Facebook. Before that, I was a content strategist at SapientNitro, helping major Fortune 500 brands create better, more useful digital content.

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