Cap One CLD

[Anonymous]

Just got a message from Cap One that they are reducing ml CL from $35K to $10K

Reasons:

- Credit limit(s) are too high -

Current account(s) not used enough -

Balance(s) on non-Capital One revolving trade(s) are too low

The first isn't really a reason as much as a restatement of their decision, but I will give them the other two!

Still, amused that this might not have happened if I used cards from other banks more!

So Cap One isn't exactly maimtenance free

[baller4life]

Sorry LTL. Seems to be a trend. CC received one as well. There are also reports on other sites. 😩

[Anonymous]

Yeah they've been busy this week.

http://ficoforums.myfico.com/t5/Credit-Cards/Capital-one-AA/td-p/4913376

[Anonymous]

Yes, missed the other recent thread (was searching for Cap One CLD rather than looking just a few posts below)

I have another $20K card with them that I never use, so I assume that is coming....

[Man-Of-Steel]

I wonder if they are targeting CLs $30K and higher (for now anyway).  I believe everyone I read about so far had a CL higher than $30K.

[CreditMagic7]

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@Anonymous wrote:

Just got a message from Cap One that they are reducing ml CL from $35K to $10K

Reasons:

- Credit limit(s) are too high -

Current account(s) not used enough -

Balance(s) on non-Capital One revolving trade(s) are too low

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Someone care to try to explain whatever in the world this one is hinting at?

Just as indicated per that reason?

[pizza1]

Im waiting....ugh..but I do use mine quite a bit..just checked and intact full $48k still(knock on wood). Sorry LTL!!

[Anonymous]

Now I am getting worried about our Spark cards.  Our employee Spark card has $2K limit and about $200 use per month and other Spark card $13K limit and about $2 to 3K per month use.  Spark is going when we get past the Chase 5/24 but I am worried in the meantime.  

[wasCB14]

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@CreditMagic7 wrote:

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@Anonymous wrote:

Just got a message from Cap One that they are reducing ml CL from $35K to $10K

Reasons:

- Credit limit(s) are too high -

Current account(s) not used enough -

Balance(s) on non-Capital One revolving trade(s) are too low

---

Someone care to try to explain whatever in the world this one is hinting at?

Just as indicated per that reason?

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I'm not sure what it means, but it is the third reason listed, and the two before it are clear enough.

[Sharingan]

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@Anonymous wrote:

Just got a message from Cap One that they are reducing ml CL from $35K to $10K

Reasons:

- Credit limit(s) are too high -

Current account(s) not used enough -

Balance(s) on non-Capital One revolving trade(s) are too low

The first isn't really a reason as much as a restatement of their decision, but I will give them the other two!

Still, amused that this might not have happened if I used cards from other banks more!

So Cap One isn't exactly maimtenance free

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Sorry to hear, LTL. Do you plan on closing your card from them? 

I have a single card with them (Venture) with a 45k limit that I have been checking throughout the day. I wouldn't hesitate for a second to close it if they slash the limit. Fortunately. there is nothing that Capital One offers that creditworthy customers can't obtain elsewhere, including high credit limits. Lastly, I've never subscribed to that absurd and myopic belief frequently repeated on here that Capital One "stands by you," or that their accounts are immune to AA. Hopefully, these reports put that nonsense to rest.