@HeavenOhio wrote:
@Anonymous wrote:I got my first CLD ever. Savor went from $27,500 to $10,000.
Not a big deal if it doesn't happen, but has anyone ever been able to call and restore a CL after a CLD with Cap One?
Now I know how the rest of you who had CLDs feel.
@Anonymous, could you describe the amount and nature of usage on that card? Previous CLDs of this type were generally triggered by an average of $100 per month or less in spending over a period of about a year.
That explains me exactly. Just got a CLD on a C1 Plat this morning going from $6K CL to $1500 SL. 
They got me too just this morning
Not at bad as some, but it still stings. $6K to $1500, $4500 drop/cut.
@blindambition wrote:Are you all seeing CLD after statement close? My statement closes tomorrow. Got my Saver One in January with 8k. Have put about 3k on it, and sits at $800 with 0% promo.
Seems that way. My statment closed 8/17 and I got the lovely notice this morning 
@Duke_Nukem wrote:For those of you getting the cuts, do you have any other accounts with CapOne? Such as checking/savings, auto loan, etc.?
I do...all of the above and a closed always paid on time Auto Loan too.
@Anonymous wrote:
@Save-n-Invest wrote:
My QS statement cuts on the 4th. My CLD was today, the 20th. No AUs. All my cards are just me.
Cap1 QS is now my lowest limit card.
My overall utilization is the same now as it was when QS was approved. If they expected me to spend to the limit I wonder why.
No biggie.
I don't like mine being at 10K. I would have been much happier if they reduced it to my SL of $17.5K.
RESPONSE
Sorry that happened to you. It does seem a little strange that they reduced it below your SL. 10k was my SL now it's 5k.
When data points were being gathered I forgot about one item. The past few weeks I received email from Cap1 asking for my mobile number. I disregarded. Any bank or business that wants my mobile is free to provide a phone and pay the monthly bill. The one I pay for is mine. I use landine phones and do not want to be bothered when I am behind the wheel.
Cap1 plays it fast and lose with personal info. They refused to permit me to opt out of sharing for the items that are permitted unless I waive paper statements. Kooks!!
Maybe my nonchalant attitude to the CLD is because recently I've decided that the banks are nuts. I'm prepared to cashflow it if necessary. Begging a bank to let them make money from my spend seems silly now. I may feel differently later on. The most credit worthy customers are given the boot so they have reserves for whom? Their bank, their call.
To date Chase, Citi and Discover are acting normally. Citi's webiste is worse now than ever. I can always call for info but the site was more convenient. I hope Chase and Citi don't go nuts too. We shall see.
Again, Dave Ramsey's philosophy beginning to make sense to me is a little scary.
