Hello all,
Not as much of a complaint as a heads up. I received a letter today from Capital One stating that they had made "an error in calculating your credit limit increase back in February 2019" and slashing my limit a bit. It was a minimal descrease so I have very little complaint other than the false reasoning behind the letter (that was 14 months ago). They are very clearly slashing due to the current economic situation. Just wanted to give the heads up for people in case they end up with larger decreases.
Additional information: no other changes to my credit (no new cards, CLIs, carrying balance, etc.), no additional spending this month (almost exactly on my monthly average), never missed a credit or loan payment in my lending life (8 years), have always paid credit cards in full (8 years) etc.
Hope everyone out there is staying safe and hanging in there. We're all in this together. Let's make it out the other side even better
Looks like it's begun. By the way what was your limit and how much did they reduce your limit to?