Capital one AA

[Anonymous]

I just read an article on investors.com where the CEO of Capital One said that their delinquencies are on the rise. The article was from late 2016. Google and read it.

Google Capital One Delinquencies. 

[red259]

For the past several months I kept getting denied CLIs on my venture card. I have been carrying a 0% APR off a balance transfer that entire time and they said my minimum payments were too low for a CLI although my payments were like 6 to 10 times the minimum requirement. In any event I just paid off my full balance and will be trying for another CLI now that I have fully paid everything off. My venture card credit line is fairly low in comparison to most my cards at only 13k, although its my oldest card. I got it way before cap 1 started handing out the high credit lines on initial approvals. 

[CreditCuriosity]

Got the online letter.. Here is what it said..

We are committed to keeping you informed about changes to your account, so we are notifying you of a recent change to your account ending in xxxx.

Based on your account usage and bureau history, we have changed your credit limit from $34,500 to $10,000.

You'll find the specific reason(s) for this change below: -

Credit limit(s) are too high -

Current account(s) not used enough -

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

We hope this change does not cause any inconvenience for you. And don't worry-none of your other card features have changed at this time. For information regarding your credit score, please consult CreditWise ®, our free credit monitoring service at creditwise.capitalone.com. If you have additional questions, feel free to call us at 800-955-7070, where our customer service representatives are available Monday through Friday from 8 a.m. to 7 p.m. ET. Thank you for being a Capital One ® customer.

Regards, Capital One

[Anonymous]

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@CreditCuriousity wrote:

Got the online letter.. Here is what it said..

We are committed to keeping you informed about changes to your account, so we are notifying you of a recent change to your account ending in xxxx.

Based on your account usage and bureau history, we have changed your credit limit from $34,500 to $10,000.

You'll find the specific reason(s) for this change below: -

Credit limit(s) are too high -

Current account(s) not used enough -

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

We hope this change does not cause any inconvenience for you. And don't worry-none of your other card features have changed at this time. For information regarding your credit score, please consult CreditWise ®, our free credit monitoring service at creditwise.capitalone.com. If you have additional questions, feel free to call us at 800-955-7070, where our customer service representatives are available Monday through Friday from 8 a.m. to 7 p.m. ET. Thank you for being a Capital One ® customer.

Regards, Capital One

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Wow...credit limits too high, balance on Cap1 card too low.

They definitely like balances.

You just can't win...

[CreditCuriosity]

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@Anonymous wrote:

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@CreditCuriousity wrote:

Got the online letter.. Here is what it said..

We are committed to keeping you informed about changes to your account, so we are notifying you of a recent change to your account ending in xxxx.

Based on your account usage and bureau history, we have changed your credit limit from $34,500 to $10,000.

You'll find the specific reason(s) for this change below: -

Credit limit(s) are too high -

Current account(s) not used enough -

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

We hope this change does not cause any inconvenience for you. And don't worry-none of your other card features have changed at this time. For information regarding your credit score, please consult CreditWise ®, our free credit monitoring service at creditwise.capitalone.com. If you have additional questions, feel free to call us at 800-955-7070, where our customer service representatives are available Monday through Friday from 8 a.m. to 7 p.m. ET. Thank you for being a Capital One ® customer.

Regards, Capital One

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Wow...credit limits too high, balance on Cap1 card too low.

They definitely like balances.

You just can't win...

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From the research I have seen so far although not alot of data it appears anyone with a CL > 30k on a single card are getting picked on in the first round.. Hopefully it stays this way... People the combined their cards to make massive Cap1 CL's and barely use their cards and have high CL's with other lenders are the one that will most likely get hit.. If you use Cap1 for a decent amount it appears you don't get the wrath either.  BTW score was slightly over 700 they provided on the letter whatever version that was.

[Anonymous]

Identical reasons stated in LTL's letter. 

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@CreditCuriousity wrote:

Got the online letter.. Here is what it said..

We are committed to keeping you informed about changes to your account, so we are notifying you of a recent change to your account ending in xxxx.

Based on your account usage and bureau history, we have changed your credit limit from $34,500 to $10,000.

You'll find the specific reason(s) for this change below: -

Credit limit(s) are too high -

Current account(s) not used enough -

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

We hope this change does not cause any inconvenience for you. And don't worry-none of your other card features have changed at this time. For information regarding your credit score, please consult CreditWise ®, our free credit monitoring service at creditwise.capitalone.com. If you have additional questions, feel free to call us at 800-955-7070, where our customer service representatives are available Monday through Friday from 8 a.m. to 7 p.m. ET. Thank you for being a Capital One ® customer.

Regards, Capital One

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[SouthJamaica]

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@CreditCuriousity wrote:

Got the online letter.. Here is what it said..

We are committed to keeping you informed about changes to your account, so we are notifying you of a recent change to your account ending in xxxx.

Based on your account usage and bureau history, we have changed your credit limit from $34,500 to $10,000.

You'll find the specific reason(s) for this change below: -

Credit limit(s) are too high -

Current account(s) not used enough -

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

We hope this change does not cause any inconvenience for you. And don't worry-none of your other card features have changed at this time. For information regarding your credit score, please consult CreditWise ®, our free credit monitoring service at creditwise.capitalone.com. If you have additional questions, feel free to call us at 800-955-7070, where our customer service representatives are available Monday through Friday from 8 a.m. to 7 p.m. ET. Thank you for being a Capital One ® customer.

Regards, Capital One

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Holy cow. Capital One has joined the ranks of the weirdos.

I guess that loyalty I was feeling for them is now subject to reconsideration.

[UncleB]

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@SouthJamaica wrote:

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@CreditCuriousity wrote:

Got the online letter.. Here is what it said..

We are committed to keeping you informed about changes to your account, so we are notifying you of a recent change to your account ending in xxxx.

Based on your account usage and bureau history, we have changed your credit limit from $34,500 to $10,000.

You'll find the specific reason(s) for this change below: -

Credit limit(s) are too high -

Current account(s) not used enough -

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

We hope this change does not cause any inconvenience for you. And don't worry-none of your other card features have changed at this time. For information regarding your credit score, please consult CreditWise ®, our free credit monitoring service at creditwise.capitalone.com. If you have additional questions, feel free to call us at 800-955-7070, where our customer service representatives are available Monday through Friday from 8 a.m. to 7 p.m. ET. Thank you for being a Capital One ® customer.

Regards, Capital One

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Holy cow. Capital One has joined the ranks of the weirdos.

I guess that loyalty I was feeling for them is now subject to reconsideration.

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+1... same here.

The only 'plus' they still have (at least in my case) is that they seem to be very tolerant of my sometimes-odd charging habits, i.e. they don't pester me with fraud alerts or declines.  If that ever changes they'll be gone to the SD for sure.

[Anonymous]

So sorry this happened! Yikes!

[wasCB14]

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@SouthJamaica wrote:

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@CreditCuriousity wrote:

Got the online letter.. Here is what it said..

We are committed to keeping you informed about changes to your account, so we are notifying you of a recent change to your account ending in xxxx.

Based on your account usage and bureau history, we have changed your credit limit from $34,500 to $10,000.

You'll find the specific reason(s) for this change below: -

Credit limit(s) are too high -

Current account(s) not used enough -

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

We hope this change does not cause any inconvenience for you. And don't worry-none of your other card features have changed at this time. For information regarding your credit score, please consult CreditWise ®, our free credit monitoring service at creditwise.capitalone.com. If you have additional questions, feel free to call us at 800-955-7070, where our customer service representatives are available Monday through Friday from 8 a.m. to 7 p.m. ET. Thank you for being a Capital One ® customer.

Regards, Capital One

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Holy cow. Capital One has joined was already in the ranks of the weirdos for-profit financial institutions that limit their risk.

I guess that loyalty I was feeling for them probably any bank, and definitely one a customer hardly does any business with is now subject to reconsideration was misplaced.

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