Massive CLD from Cap One

[Anonymous]

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@Appleman wrote:

I posted here as this thread gave me the idea to reduce my CL to below $30K and avoid Cap1 making a similar move.

Feels better if I pull the trigger on a line reduction versus having the lender do it. Score wise the change would be the same if I reduced the line or Cap1 reduced the line.

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Good move. Very proactive. I thought about doing the same. Instead I just requested a 20k no hassle check. 18 months 0% with a 2% fee. I did a $17800 no hassle check in January and have since paid it off. I will pay 10k on it next month and then take the remaining 18 months to pay the other 10k. So hopefully they will keep my limit intact because I always use their BT offers.

[iheartwings]

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@Anonymous wrote:

I kept both of mine open (the 35K->10K and the 20K) partly because it is sometimes useful (1.5%, no FTF, immediate reward) but mainly because I couldn't be bothered to do anything...

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I agree, the cards were sometimes useful to me. The card that had the CLD had the best rate of all my cards, but even then, it wasn't that great. 

I'd been thinking about pruning my credit card portfolio this year, but inertia got the best of me. So, I let them sit and used them for recurrent charges.  Alas, the cut was enough to make me think about whether "sometimes useful" was worthwhile. In the end, it wasn't, and since Capital One made it easy to close my accounts, I felt like it was a reasonable move. 

[driftless]

Just checking in to see if there are in more CLD's; I am glad that no one has posted more CLD's.  My $35.9k CL hasn't change but I have also charged $3,500.00 on it this month.  

[Credit-hoarder]

In following these threads for the last 4 years I've noticed a lot of us MyFico-ers tend to shoot for the highest CLs possible on our cards. Some to accomodate actual spend/usage, and others to help out with UTIL, or to possibly get an equal or higher CL on a goal card. But with all of the CLD acitivity banks have taken recently--like Cap. One CLD-ing $30K + accounts,and other institutions taking AA against certain members here on the forum  on accts. with non or low usage being the primary reason for AA....Has it made anyone else here start taking a look at their CLs and how much they request vs. how much they actually use on the card with the hopes of fending off AA for non or low usage?? I used to want all of my cards up to the highest lines available, but now I'm starting to re-think that goal knowing some of the cards I have I'll never ever come close to using the lines given or maxing them out. IOW at one point I wanted to try and get as many accts up to or over $20K as possible--but now I'm thinking that may not be the best idea.

[Gmood1]

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@Credit-hoarder wrote:

In following these threads for the last 4 years I've noticed a lot of us MyFico-ers tend to shoot for the highest CLs possible on our cards. Some to accomodate actual spend/usage, and others to help out with UTIL, or to possibly get an equal or higher CL on a goal card. But with all of the CLD acitivity banks have taken recently--like Cap. One CLD-ing $30K + accounts,and other institutions taking AA against certain members here on the forum  on accts. with non or low usage being the primary reason for AA....Has it made anyone else here start taking a look at their CLs and how much they request vs. how much they actually use on the card with the hopes of fending off AA for non or low usage?? I used to want all of my cards up to the highest lines available, but now I'm starting to re-think that goal knowing some of the cards I have I'll never ever come close to using the lines given or maxing them out. IOW at one point I wanted to try and get as many accts up to or over $20K as possible--but now I'm thinking that may not be the best idea.

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Nope,  I'll continue my request as usual. Threads like this don't even make me skip a beat. lol

Do what makes you feel comfortable.

[driftless]

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@Credit-hoarder wrote:

In following these threads for the last 4 years I've noticed a lot of us MyFico-ers tend to shoot for the highest CLs possible on our cards. Some to accomodate actual spend/usage, and others to help out with UTIL, or to possibly get an equal or higher CL on a goal card. But with all of the CLD acitivity banks have taken recently--like Cap. One CLD-ing $30K + accounts,and other institutions taking AA against certain members here on the forum  on accts. with non or low usage being the primary reason for AA....Has it made anyone else here start taking a look at their CLs and how much they request vs. how much they actually use on the card with the hopes of fending off AA for non or low usage?? I used to want all of my cards up to the highest lines available, but now I'm starting to re-think that goal knowing some of the cards I have I'll never ever come close to using the lines given or maxing them out. IOW at one point I wanted to try and get as many accts up to or over $20K as possible--but now I'm thinking that may not be the best idea.

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I am not particularly worried about an AA but I am very comfortable with both the number of my cards and their CL's and I will not be seeking new credit card limits.  

[manyquestions]

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@Gmood1 wrote:

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@Credit-hoarder wrote:

In following these threads for the last 4 years I've noticed a lot of us MyFico-ers tend to shoot for the highest CLs possible on our cards. Some to accomodate actual spend/usage, and others to help out with UTIL, or to possibly get an equal or higher CL on a goal card. But with all of the CLD acitivity banks have taken recently--like Cap. One CLD-ing $30K + accounts,and other institutions taking AA against certain members here on the forum  on accts. with non or low usage being the primary reason for AA....Has it made anyone else here start taking a look at their CLs and how much they request vs. how much they actually use on the card with the hopes of fending off AA for non or low usage?? I used to want all of my cards up to the highest lines available, but now I'm starting to re-think that goal knowing some of the cards I have I'll never ever come close to using the lines given or maxing them out. IOW at one point I wanted to try and get as many accts up to or over $20K as possible--but now I'm thinking that may not be the best idea.

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Nope,  I'll continue my request as usual. Threads like this don't even make me skip a beat. lol

Do what makes you feel comfortable.

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It makes me less likely to want to combine multiple Cap One cards to create a 50K card , but other than that I'm still motivated to get all my cards up to 20K or more.  I want limits where I can't ever see myself using more than 10% of the limit. It's about managing my FICO scores and keeping them high because they are used for things other than credit like insurance scoring.  

[morgacj2004]

It felt really good today when I closed the Venture One. Honestly now I am thinking about closing the Venture-24k CL. I only have been using it for the past few years to take advantage of Zero APR 12-18 mo deals with a 2% BT fee. Did that 3 times.