I got my ITIN recently and was approved for a Capital One VentureOne card with a $1k limit. I want to request a credit limit increase, but does Capital One do a hard credit check for this?
Capital One uses a soft credit check for limit increases, so requesting one will not hurt your credit score. However, because your account is brand new, you are not yet eligible for an increase.
You can cross this worry off your list: when you are ready to ask for a higher limit, Capital One will not do a hard pull on your credit.
You asked if Capital One does a hard credit check for a limit increase. They do not. Capital One uses a soft inquiry for these requests, meaning it will not impact your credit score.
However, Capital One generally considers accounts opened within the last few months to be ineligible for a credit limit increase. If you request an increase right now, they will deny the request simply because your account is too new.
Opening a second U.S. credit card to increase your total capacity is not recommended right now. Applying for a new credit account triggers a hard inquiry, which can temporarily drop your credit score.
