This makes it easier to get other loans, a mortgage or contracts. It can also mean you become
eligible for credit limit increases with your Capital One card as we learn how you manage your
Your credit rating is a record of how well you manage your credit, finances and bills.
Companies, like Capital One, can then work out how much they are willing to lend you or
whether they're happy to have you as a customer at all. The better you look after your
credit rating, the more likely you are to get the products and credit you apply for.
There are plenty of reasons why it's good to have a good credit rating. At Capital One, we
use your credit rating to decide whether we can offer you a card, and once you're a customer
to decide whether to offer you credit limit increases. Every few months we check whether we
can do this for you, and will increase it if we can. After one year you could receive other
upgrades as well, like cashback rewards.
There are other benefits too. Many 'day to day' products that rely on a contract, such as
mobile phones, are also affected by how well you look after your credit. The better your
credit rating, the greater your financial options will be, like being able to apply for
loans and mortgages.
Making payments on time, paying at least the minimum and staying within your credit limit
are the basics when it comes to improving your credit rating. But there are other things you
can do too. Here at Capital One, we've put together some useful tips and advice to help you
improve your credit rating.
This is really important if you are new to credit. You can get on the
register by going to the
Government services and information website opens in a new tab
On time and at least the minimum amount. That means credit cards,
mortgage, mobile phones, utilities - the lot! To help make sure, set up
Direct Debits wherever you need to make regular monthly payments.
Check if you can manage your other finances online. That way you can check
your other credit limits, as well as your minimum payments and payment due
dates at any time for all your financial providers.