@RickNATL wrote:I closed my Savor and QS cards after getting a letter that basically says I dont spend enuf against my limits. I told the young lady, the interest rate and card benefits are not as attractive other cards hence why I dont use them much...overall the products simply lacks (on a recorded line).
Truth, right to the point. ^^^^^^^^^
Aven:
Shouldn't the title of this thread be "Capital One Reduced My Credit Limits Due To Lack Of Card Use"? I mean, they aren't really scaling other people's credit limits back. Just yours. In fact, there have been reports on MF lately that Capital One is getting more generous with their CLIs since aquiring Disco.
Personally, I love Savor. One of the best no AF cards out there.
I give Capital One most of my spend and my 2 highest limit cards are with them, but I also have multiple other cards with them that don't get a lot of usage. I'm hoping that since C1 gets 75% of my monthly spend I'm less likely to get a haircut on my Savor ane VX.
Capitol One is kinda unpredictable and sometimes stingy when it comes to the no-AF cards.
I don't use them for personal cards since my other cards exceed their cashback rates, but I had a 1.5% Cap1 Spark with a $10k limit that I spent 7-8k or so on every month for a year and always paid in-full. After a year I asked them for a CLI and they only gave me an additional $1k lol, and then 3 weeks later they said if I upgrade the card to a $95 AF 2% version they'd up the limit to $31k. I said ok since the upgrade bonus was $750 and the AF doesn't kick in for a full year, but it seems like such an odd practice. About a week after requesting the CLI but before receiving the upgrade offer, I added another Cap One biz charge card with no pre-set spending limit that seems to allow me to spend at least 30-35k or so a month - so they went from saying $11k was my max on no-AF cards, but a month later allowed me to have a total of $66k+ in limits. I guess with some of these issuers if you want the big limits you have to pay the piper.
@RickNATL wrote:I closed my Savor and QS cards after getting a letter that basically says I dont spend enuf against my limits. I told the young lady, the interest rate and card benefits are not as attractive other cards hence why I dont use them much...overall the products simply lacks (on a recorded line).
For future reference, if that was the "account review" letter...you can call the number on the letter to just opt out of the review and then you keep your limits as they are until next time. It only takes about a minute to do that. Some people receive multiple letters over time and just keep opting out.
VS4: 709