I got a snail-mail letter today from Chase regarding my Freedom Flex. In 50 days they will cut my credit limit by half unless I call them to opt-out.
The current credit line on the card is $9.6k, so this will be a 50% decrease.
I'm not surprised by the action, but I am a bit surprised they came for my Freedom Flex instead of my vintage OG Freedom Visa, which gets even less use and has an even higher credit line. Then again I might have a letter for that one waiting for me in tomorrow's mail, LOL.
This isn't my first rodeo; some might recall Citi gave me a (relatively) minor haircut a few months ago. For those wondering, my FICO 8 and 9 scores are all 850 across the board (or at least were last month) so I believe the reasons listed on the letter are the actual reasons.
I have a few weeks to think it over, but I will probably just let them go ahead with the CLD. They're not wrong... I don't use the card that often since the last couple of years the quarterly bonus categories haven't been a good fit for me. And when I do use it, I always stay within the $1500 limit of the bonus categories so even $4800 is plenty for my purposes. A silver lining is the possible advantage of less Chase exposure making it easier to qualify for a new Chase card at some point in the future.
If they do come for my OG Freedom Visa (credit line $13.6k) that's fine, too - for me the Freedom cards are only good for the bonus categories, anyway. If they come for my Amazon Prime Visa ($15k) I might have to make the phone call, though, since I do use that one occasionally for larger purchases. In any case I'm not losing sleep over it.
Additional info: I've never asked for a CLI for any of my Chase cards. The Freedom Flex started off at $9.6k, and the OG Freedom Visa was PCed from a Sapphire Preferred years ago that started at $13.6k. The Amazon Visa did get an auto-CLI a few years ago when there was chatter about Amazon leaving Chase, but I didn't request it.
Hopefully this info will be of use to somebody. 
Very similar to my recent experience as well.
I have had cards cancelled by the creditor for years of no use at all (Discover and Barclays Ring) and I completely understand the reasons for this. But Chase's CLDs for regular but not enough in their opinion spend is something I haven't experienced with any other lender (so far, at least).
@TrapLine wrote:
Another heads up ... thanks. In the same boat virtually for the same reasons. Scores around Fico 08 at 837.
Chase has come to me three times both on my personal and business cards since 2006. CL reductions were up to 2/3rds of CLs.
Did salvage them (CLs). May be time to just say good bye to Chase and focus on the cards I really use.
Up to 2/3, ouch... and I thought half was a lot! 
In my case I can't complain too much, since they're not wrong about my usage. I'm OK with the CLD, and now they'll have to be OK with me strictly using the card for the bonus categories rather than occasionally for more. ¯\_(ツ)_/¯
@BrutalBodyShots wrote:Thanks for the informational post, @UncleB. I know you said you lightly used the card. Can you quantify that with what your typical statement balances are monthly, or even a ballpark of your annual spend that the card sees?
Some months it gets no use at all, while other months if the bonus category is a useful one I'll max-out the category. A couple of years ago they offered me a promo deal where I could use their pay-over-time for no fee and I took advantage of that (for the record, it worked quite well) so while I have had some non-bonus spend it's been minimal.
My overall card spend/reporting is usually between $2k-$3k each month. For the last few years I've always had a card reporting a balance of a few thousand dollars due to a BT promo, but my current BT promo has a balance of $150 (will be paid off this month). I think in my case this isn't the issue, though, and what got their attention was the modest use on their card, not my non-Chase accounts. I'm still slightly amused that they came for the card that already had the lowest credit line, but as I mentioned up-thread they still might choose to come for the other two, so who knows.
Also ironic, I currently have a pre-approval/"You're already approved" on my Chase dashboard for literally every Chase Business card, an auto loan, and the personal Chase Sapphire Reserve, LOL. 
