I doubt that cap1 does that. But I have seen a credit line decrease.
|How can I request a decrease to my credit limit?
If you'd like to request a lower credit limit, just send us a secure message at any time (be sure to include the new credit limit amount you're requesting). You can also make your request over the phone by calling 1-800-955-7070, 24 hours a day seven days a week.
They may give it back if you request a decrease.
How old is your niece? The new secured card is no annual fee now.
It would be good for her to build her credit also.
Thanks, for the suggestion. I called CapOne this afternoon and they said they can only close the account not reduce the deposit. Maybe I'll close the tradeline and have her app on her own. She turned 18 in Jan and I have had her as an AU for about 6 mos now but I have never given her the cards. I thought it would be better to not give her the cards just yet. I didn't know they went no fee that was a suprise since I just paid this years AF in May.