topic Re: cap1 aa, they don't fool around lol in Credit Cards

cap1 aa, they don't fool around lol

bourgogne — Sun, 11 Mar 2018 17:03:24 GMT

just got this in my inbox this am. so odd as I recently gave an aa to someone and they pumped a few k through the card. question, just curious: does chase, nfcu, penfed or amex ever do this this sort of thing out of the blue for low use or low use on other trades? C'est la vie

Re: cap1 aa, they don't fool around lol

SouthJamaica — Sun, 11 Mar 2018 17:05:20 GMT

@bourgognewrote:
just got this in my inbox this am. so odd as I recently gave an aa to someone and they pumped a few k through the card. question, just curious: does chase, nfcu, penfed or amex ever do this this sort of thing out of the blue for low use or low use on other trades? C'est la vie

Capital One has gone hog wild with adverse action. They closed my accounts, for reasons unknown.

Re: cap1 aa, they don't fool around lol

bourgogne — Sun, 11 Mar 2018 17:10:37 GMT

@SouthJamaicawrote:
@bourgognewrote:
just got this in my inbox this am. so odd as I recently gave an aa to someone and they pumped a few k through the card. question, just curious: does chase, nfcu, penfed or amex ever do this this sort of thing out of the blue for low use or low use on other trades? C'est la vie

Capital One has gone hog wild with adverse action. They closed my accounts, for reasons unknown.

I think I remember that whole mess, didn't I tell you it was your fault ha-ha...I formally retract that comment if I did. just thinking of closing it but the real question is how about the rest, all my cards but a few chase just sit in a drawer and I actually would like to keep those credit lines

Re: cap1 aa, they don't fool around lol

imaximous — Sun, 11 Mar 2018 17:27:48 GMT

That sucks. I hope mine won’t get a CLD too. I converted my Venture to Savor because I won’t be using it much and didn’t want to pay the annual fee. It’s at 41k now with little use.

Re: cap1 aa, they don't fool around lol

imaximous — Sun, 11 Mar 2018 17:29:40 GMT

Btw, how long was the card sitting with little or no use?

Re: cap1 aa, they don't fool around lol

SouthJamaica — Sun, 11 Mar 2018 17:29:54 GMT

@bourgognewrote:
@SouthJamaicawrote:
@bourgognewrote:
just got this in my inbox this am. so odd as I recently gave an aa to someone and they pumped a few k through the card. question, just curious: does chase, nfcu, penfed or amex ever do this this sort of thing out of the blue for low use or low use on other trades? C'est la vie

Capital One has gone hog wild with adverse action. They closed my accounts, for reasons unknown.
I think I remember that whole mess, didn't I tell you it was your fault ha-ha...I formally retract that comment if I did. just thinking of closing it but the real question is how about the rest, all my cards but a few chase just sit in a drawer and I actually would like to keep those credit lines

As to "chase, nfcu, penfed or amex" I haven't experienced or heard of them doing a CLD for that reason but since all lenders will close inactive accounts, it's fair to assume they would lower CLD's for barely active accounts.

Re: cap1 aa, they don't fool around lol

bourgogne — Sun, 11 Mar 2018 17:34:04 GMT

@imaximouswrote:
That sucks. I hope mine won’t get a CLD too. I converted my Venture to Savor because I won’t be using it much and didn’t want to pay the annual fee. It’s at 41k now with little use.

I might dash off a quick note to the ceo, for science, or close it - need to think about it. on one hand I can see there wanting to limit exposure, on another i cannot see the harm in keeping the limit and why do they care what limits or balances I have with other trades. makes no sense but welcome to credit I suppose. you have chase, usb and penfed as do I but so we really dont care but it does make me wonder about aa in general.

Re: cap1 aa, they don't fool around lol

bourgogne — Sun, 11 Mar 2018 17:39:44 GMT

@SouthJamaicawrote:
@bourgognewrote:
@SouthJamaicawrote:
@bourgognewrote:
just got this in my inbox this am. so odd as I recently gave an aa to someone and they pumped a few k through the card. question, just curious: does chase, nfcu, penfed or amex ever do this this sort of thing out of the blue for low use or low use on other trades? C'est la vie

Capital One has gone hog wild with adverse action. They closed my accounts, for reasons unknown.
I think I remember that whole mess, didn't I tell you it was your fault ha-ha...I formally retract that comment if I did. just thinking of closing it but the real question is how about the rest, all my cards but a few chase just sit in a drawer and I actually would like to keep those credit lines
As to "chase, nfcu, penfed or amex" I haven't experienced or heard of them doing a CLD for that reason but since all lenders will close inactive accounts, it's fair to assume they would lower CLD's for barely active accounts.

then i will mentality prepare for what might happen because other than a tank of gas every half year I can't see using any of my cards outside of chase. do you actually use ALL of your cards?

Re: cap1 aa, they don't fool around lol

Anonymous — Sun, 11 Mar 2018 17:56:56 GMT

It seems like credit card charge offs are rising again so lenders are tightening up. I cut down to 3 cards because that’s all I can really use regularly. This obsession with having tons of cards can be too tempting for some of us out here.😊

Re: cap1 aa, they don't fool around lol

Gmood1 — Sun, 11 Mar 2018 18:02:19 GMT

Sorry about your CLD B.
When was the last time you used this card?
I remember seeing others mentioning the same letter word for word.
I know from past post you're a Chase guy. lol
Do your balances report normally?

Re: cap1 aa, they don't fool around lol

bourgogne — Sun, 11 Mar 2018 18:55:50 GMT

@Gmood1wrote:
Sorry about your CLD B.
When was the last time you used this card?
I remember seeing others mentioning the same letter word for word.
I know from past post you're a Chase guy. lol
Do your balances report normally?

hey, lol what next huh ha-ha...I set up a virtual card a week ago for a $ 1 for CCT. before that ~$2250 cut on the 12/17 statement but that was from an AU. my use has been non-existent for the most part for several years. re the balance reporting, no - I usually only let a single card report for no reason other than habit. actually this is what I was going to mention to the exec office, that between biz cards and paying before cut dates except for my high balance they don't have a clue of my tl use. its a simple email and they are generally responsive based on my doing things for individuals in the past. can't hurt to try. if they are going do cld at least do 20, 25 or 30, a $27K drop first thing in the am without coffee is a bit too much

Re: cap1 aa, they don't fool around lol

Credit-hoarder — Sun, 11 Mar 2018 18:59:32 GMT

I have 4 Cap One Cards--2 Ventures @ $15K each...1 QS @ $7500...and a Union Plus Mastercard @ $5K--and I've never tried to combine any of them (even though I was originally going to) for this EXACT reason--all of the AA they've been taking lately. As of right now I put probably just enough spend on each to justify their current limits and keep them open. Although I may close Union Plus and QS eventually or ap for a new QS with hopefully a lower APR and roll them into one card.

Re: cap1 aa, they don't fool around lol

expatCanuck — Mon, 12 Mar 2018 03:12:43 GMT

@bourgognewrote:
@Gmood1wrote:
Sorry about your CLD B.
When was the last time you used this card?
I remember seeing others mentioning the same letter word for word.
I know from past post you're a Chase guy. lol
Do your balances report normally?
hey, lol what next huh ha-ha...I set up a virtual card a week ago for a $ 1 for CCT. before that ~$2250 cut on the 12/17 statement but that was from an AU. my use has been non-existent for the most part for several years. re the balance reporting, no - I usually only let a single card report for no reason other than habit. actually this is what I was going to mention to the exec office, that between biz cards and paying before cut dates except for my high balance they don't have a clue of my tl use. its a simple email and they are generally responsive based on my doing things for individuals in the past. can't hurt to try. if they are going do cld at least do 20, 25 or 30, a $27K drop first thing in the am without coffee is a bit too much

Agreed. On the one hand, given several years of virtually non-existent use, CO's actions don't seem unreasonable. And it did let you keep 10K. On the other hand, it should at least allow you a cup of coffee, particularly after the DST change.

PC to Savor CAP1 CLD.....

JamP — Sun, 11 Mar 2018 19:20:36 GMT

I saw another thread about Cap1 AA but mine is mostlikly due to PC since I had this credit line for over 3 years.

This is a warning to anyone that might be thinking about PC to Savor.

I received a CLD my first one ever. I am OK with it but definitely don't like losing $9500 after taking many years to get it to that point. If it would have been any more I would probably have closed it.

I really hope they do no CLD my DW card since it is only sitting at $4k.

Funny thing is we been spending tons on them since the PC.

Letter below to my email.

Our goal is to keep you informed about changes to your account and how they impact you. Today, we want to make sure you know about a recent change to your account.

On 03/11/2018, your credit limit was changed from $19,500 to $10,000. The reason(s) for this change:

•	Current account(s) not used enough for assigned credit limit(s)
•	Balance(s) on non-Capital One revolving trade(s) are too low

We have taken care to keep your credit limit significantly above your highest balance at any point in the last year. No other changes are planned at this time, and all other terms still apply. An official notice of this change, with additional information, will also be provided to you via mail and through the secure inbox with your online account.

We value you as a customer, and we hope this change doesn’t cause any inconvenience for you. If you have any questions, please give us a call at 1‑800‑955‑7070

Re: cap1 aa, they don't fool around lol

redpat — Sun, 11 Mar 2018 19:29:48 GMT

CO let everyone combine card for high limit cards for them to use on their products not for credit padding. If you were in the credit card business you would do the same.

Basically there is no value to keep you as a customer but still let you keep 10k as a consolation prize.

Got my first AA - Capital One

barbaralee — Sun, 11 Mar 2018 19:31:29 GMT

I saw at least one other thread where someone received the email about decreasing the credit line for lack of usage. I got my email this morning that they dropped my 25k limit to 10k. I am disappointed, but pretty understanding about it. I have not used the card on a regular basis for at least a year. This comes right on the heels of Bank of America sending a notification that my husband's account will be closed due to lack of usage (have not used the BofA card since 2014).

I think I am kind of settling now. I have been on and off these forums for 10 years now and I believe I have reached my happy place. My husband uses his Citi, I use Discover, and then we use Amex Blue Preferred for groceries.

I was meaning to close some cards, but I guess the companies will do it for me. It's been a good ride, though.

Re: cap1 aa, they don't fool around lol

pip3man — Sun, 11 Mar 2018 19:33:44 GMT

@imaximouswrote:
That sucks. I hope mine won’t get a CLD too. I converted my Venture to Savor because I won’t be using it much and didn’t want to pay the annual fee. It’s at 41k now with little use.

U gotta be careful cos accounts $35k and over are kept under close watch and if u don’t utilize it significantly in ratio to the limit, chances are high that your limit will be reduced. That’s why I advise folks to stay away from account combinations that will put them at $30k and over especially if they barely use the card.

Re: PC to Savor CAP1 CLD.....

redpat — Sun, 11 Mar 2018 19:34:37 GMT

Everyone better start using their CO cards or they will be CLD'd.

Use it or lose it..................

Re: cap1 aa, they don't fool around lol

fuzzle — Sun, 11 Mar 2018 19:34:41 GMT

they are also disappointed that balances on your non-Capital One accounts are too low

Re: cap1 aa, they don't fool around lol

sjt — Sun, 11 Mar 2018 19:34:55 GMT

Cap1 has been known for reducing CL for "not using" the cards enough. From what I have read, they seem to be targeting accounts with credit lines of $30K plus.