Capital One looks at history of spend and payments
A
If you do 10k at a time and pay it off at once, and do it a couple of times
- then check for 15k a day or two later, it often allows that charge next
you can work it up to 20
B
Another option is to send 5k to it from your bank account to the card first - Effective limit goes to 15k = x6 is 90k done
(it is not as good as Amex which often allowed me to spend 120k on a Delta Reserve last year with a 5k line by paying ahead)
or send 10k spend 20k - pay off 10k (in fact I think cap1 allows payments above balance - so you can pay off 20k - do it daily x 5 days
C
what is the hurry - you can do 6x10k now and 4x 10k in July - within 6 months = bonus done
Originally Posted by
johndoe123
Yes. Personal venture x can spend 40k+, but when I do "check spending limit" on the business charge card, it says 10k will be approved, and 15k will not be approved. The check spending power link is on the main business account landing page under my accounts.
With the 2 payment limit for the tax processors, this will end up being a waste of time. Might just burn the tax bill on medallion status instead, don't know. This is very unfortunate. I called them to raise the limit and they weren't very helpful.