One of the common situations is that Capital One blocks your account for different reasons; this generates complications in making your purchases and acquiring the services associated with your account. The unblocking process is not complicated, but you must be sure to follow the proper guidelines.
The speed of the unblocking also depends on the reason the account has been blocked; if the company considers that there is fraudulent activity, then the procedure may be more tedious.
How to remove the restriction on Capital One’s credit card?
Capital One credit cards are the most popular credit cards in the country, and there are different reasons why they may be restricted. They often noticed that the account was making abnormal or strange transactions and decided to investigate.
When you exceed your credit limit many times, the bank will restrict your account until you are below the limit. If so, the only solution is to pay off the existing debt and not exceed it again because they can cancel your credit card.
In addition, when you are restricted for exceeding the credit limit, and you manage to unblock it after paying, the bank will reduce your credit limit automatically if you exceed it again.
On the other hand, if they detect fraudulent activity on the credit card, the restriction will be automatic. Some reasons are that you make a very strange payment or the transactions do not comply with the bank’s security measures.
Regardless of the reason, you will always want to remove the restriction as quickly as possible; the first step is to speak directly with them to find out the grounds for the restriction; for this, you can call 1 – 800 – 227 – 4825 or 1 – 800 – 867 – 0904.
The agents will inform you if they found any fraudulent activity or why they stopped the account.
Solutions to Restrictions
When it is due to outstanding debt or you exceeded your credit limit, the solution is to pay the amount owed as soon as possible to reopen your account. Generally, when you make the payment, the restriction is automatically removed.
On the other hand, if it is due to fraudulent activity, you must wait for the fraud department to evaluate the situation and determine if it is a mistake or if they need you to prove some things. In all of the above cases, the best solution is to call the Capital One offices and ask for the most effective solution.
Are there any penalties for having your credit card blocked?
Although they may block the card for some fraudulent situation or other related problem, there are no sanctions or penalties. But, while you are blocked from the account, you will not be able to continue receiving money from your credit or pay for the services associated with the credit card.
Benefits of Capital One credit cards
Capital One is one of the most used banks by users in the United States; its credit cards are the best options for most of them due to their multiple benefits; among the most outstanding ones you can find:
Many of Capital One’s credit cards allow you to earn cash back. They also have travel rewards that can easily redeem. One of their popular cards is their travel card; the Venture card is perfect for those who love travel rewards.
Plus, it offers up to a $100 credit for Global Entry or TSA PreCheck when you use the card to pay your application fees. You also find credit cards perfect for dining and entertainment.
For everyday shopping rewards, you have the Quicksilver credit card. It allows you to get unlimited 1.5% cash back on all the everyday purchases you make.
Excellent mobile app
Capital One also stands out for its mobile app’s benefits; it allows you to pay your bills, make transactions and view your current balance whenever possible. If you want to know your rewards history, it is easy to view it through the app.
Privileged cardholder access and experiences
Some cardholders are eligible to enter Capital One Dining and Capital One Entertainment. The Michelin Guide and the James Beard Foundation allow you to access exclusive tables at more than 350 restaurants in 11 different U.S. cities.
You also have access to a first digital ticketing platform where at least 500,000 unforgettable experiences in dining, sports, and music, among others, are offered.
Depending on your card, you can have travel accident insurance.
As part of its benefits, you can purchase automatic insurance for a covered loss without additional charges when using your credit card for purchases during the trip.
How to take care of scams, theft, or block?
To begin with, you should not share your credit card number with anyone else; all information should be kept in a safe place where no one can easily access it. If a third party makes payments, try to make it someone you trust entirely.
Make a monthly check of your account statement, this helps you avoid fraudulent purchases, and you will notice from the first moment if your information has been stolen or the card has been cloned. When it’s time to get rid of old statements, shred them thoroughly to avoid exposing the data.
When you call the agency’s numbers, they don’t usually ask for the card number or too much information about the card. Instead, they need your Social Security number to resolve any issues.
The most efficient way to avoid theft or scams with your Capital One credit cards is to avoid sharing your information.