I had feeling this review would be coming around again. This account hasnt been used like it has been.
Since July, spending total was about $3,700 vs $6,000 to $9,000 in the same six month period (we've been using the Gold AMEX for dining...)
This is the OG 4% on dining and entertainment Savor with $0 AF with a $36,000 CL.
I called the number to opt out like I did when I got a notice in July 2022. Back then, I was allowed to keep my CL which was $30,000 at the time.
Makes sense to me, as an issuer. Wonder what they consider a healthy CL for your spend? Just like CLI's wonder if CLD's will become common place across the industry? Rolling annual CL's?
Citi:
Chase:
Aven:
RH:
It will be interesting to find out what the outcome of this review is. Especially as the OP was able to convince the CL to stay as-is the last time a review happened, but their spending was lower than what Capital One seems appropriate for their credit line.
@pauldc73 wrote:It will be interesting to find out what the outcome of this review is. Especially as the OP was able to convince the CL to stay as-is the last time a review happened, but their spending was lower than what Capital One seems appropriate for their credit line.
there won't be a review, you call the phone number and hit a button and there's no review at all - lol
they just want to cut CL from people who have no interest in keeping it, win - win
people who care aren't upset from slashed limits
and people who don't care, cap1 gets to slash their limits from the balance sheet
I wonder what it takes for Capital One to consider spend adequate for a given CL? My 2 highest C1 limits are 20k and 15k, and while I need to diverify because 4 of my 6 cards are with them and likely to be 5 of 6 assuming the Discover deal goes through, I've been a bit leery of moving spend away from them to get a new sub on something else. NFCU Cash Rewards (hopefully the + version with 2%) would be my most likely choice. Over the longer term I'm still on the C1 train and fine with giving them a majority of my spend, as for me it works well for me with Savor (don't have the OG no AF but have the $95 AF version) and VX. My only regular spend change would be if I were to downgrade my BCP to BCE. I'd switch my streaming to Savor to and some (probably not all though) of my grocery spend to it as well. BCE would be mainly a gas card only in that case (no custom cash option for me - burned them bad and pretty sure I'm a permanently blacklisted with citi)
@NoMoreE46 wrote:I had feeling this review would be coming around again. This account hasnt been used like it has been.
Since July, spending total was about $3,700 vs $6,000 to $9,000 in the same six month period (we've been using the Gold AMEX for dining...)
This is the OG 4% on dining and entertainment Savor with $0 AF with a $36,000 CL.
I called the number to opt out like I did when I got a notice in July 2022. Back then, I was allowed to keep my CL which was $30,000 at the time.
Well rats, I was hoping the 'Capital One Haircut' days were behind us. 
My own Savor (also grandfathered 4% dining/entertainment with no AF) was reduced from $5500 to $1500 back in the summer of 2020. That was after they took my QS Visa down from $17k to $5k. Both of these reductions were done with no warning or notice (i.e. I didn't get the option to opt-out)... they just did the CLD and told me about it after the fact.
Since then I've reallocated $5k from my QS WEMC to my Savor, bringing the credit line to $6500. I'm really hoping they don't mess with it, but it won't surprise me if they do. It seems whenever I have significant restaurant spend it's the 5% quarter on Freedom or Discover so the Savor doesn't get significant spend often.
I've always suspected that I didn't get the option to opt-out due to my Savor and QS Visa both being 'bucketed', but that's just my speculation. ¯\_(ツ)_/¯
I got one of these CL limit reduction notices, too. It's the second time I've received one, and I plan call and opt-out as well. That being said, my Venture One sees very little spend relative to the $15k limit (which was auto CLI'd from $10k to $15k, btw, while the card I actually wanted an increase on, the Quicksilver, remains bucketed). Although I want my Venture One limit to stay put, if Capital One was to reduce it without the benefit of this notice (which I appreciate), I'll just do what I did with the Quicksilver when I got a higher cash back card; move 99% of the spend from Capital One got to a better card. I keep the Venture One because the reward points are useful to offset Uber and Lyft charges, but I can live without that if Capital One decides my spend isn't enough for them.
@GZG wrote:
@pauldc73 wrote:It will be interesting to find out what the outcome of this review is. Especially as the OP was able to convince the CL to stay as-is the last time a review happened, but their spending was lower than what Capital One seems appropriate for their credit line.
there won't be a review, you call the phone number and hit a button and there's no review at all - lol
they just want to cut CL from people who have no interest in keeping it, win - win
people who care aren't upset from slashed limits
and people who don't care, cap1 gets to slash their limits from the balance sheet
This is exactly it. I'm considering the Venture X, I want a high SL and last thing I want is CLD of a limit I use not too much of once or twice a year.
