@Remedios wrote:
@markhs777 wrote:I also got scapled. From 30k to 10k. Just paid my annual fee last week. Proceeded to call CS and politely explained that I put thousands thruough the card over the years and to either refund the fee or the card will be lay dormat and to cancel upon renewal. The CSR refused to budge and then asked him his name again and ID and told him I would be e-mailing Richard Fairbanks and tell him I wasn't pleased. Well amazingly the CSR found the system now allows him to waive the fee.
I don't know why CSR refunded your fee, but it certainly wasn't because you mentioned Mr Fairbanks.
In the last 5 years, his name and email address have been mentioned more than Santa Claus in November, and they have been "contacted" for everything from latest removal to *Give me a puppy or QS1 dies*
If anything, this post should have been a separate thread regarding a nice thing CSR did for you.
They can afford to lose customers, and they aren't (just like most lenders) worried about losing a few in order to preserve their bottom line.
Wait, so if I want a puppy, all I need to do is cut up my QS1? Where has this info been? *Gets scissors and phone*
I agree with a few of the posts regarding only using a small fraction of the limit and getting snipped. I have 2 store cards with well over $20k limits and I think one has a high spend of $91 and the other is something like $200. I'm just waiting for them to CLD me. Honestly I don't really care as I have little use for either card.
In light of sync and CapOne lately my routine every morning before work is to check to see if my trade lines are still intact, So far I've been spared but I see it coming. My 15k Savor card gets minimal spend and the $8600 Venture almost nothing so we will see
I get it.
I had $82k in TCL with Cap One among my 3 cards.
Now I have $64k. Can't complain but it does suck.
I guess I am more shocked than upset.
My credit is better now than it was during my last CLI.
Oh well.
I agree completely, My Savor card started at $15k and I've never asked for a CLI because I don't need or would use that much. They gave it to me and they can take it away
@Shooting-For-800 wrote:Out of the blue my Savor CL was dropped from $28,500 to $10,000.
Quite the gut punch.
I have a $0 balance and charge about $500 per month on it between 5-10 charges.
I usually pay it off before the statement hits.
0% offers dried up a while ago, now this.
My scores did not drop (around 720 fico8), I have not applied for credit recently, and my last Savor CLI request was over a year ago.
I have not been late on any cards and usually make at least 2 payments per month.
Same job, same income, same debt, same scores, same inquiries.
So far, my QS stands at $23,750 and my Venture stands at $30,000.
Fingers crossed.
Not happy but I get it.
Hope the data points help.
To me this is wrong on so many levels. Yeah I understand that they are the lender, they can do what they want. But you earned their business, you earned this extended credit, you did nothing wrong, yet now it's taken away and it *could* hurt your credit standing.
My story is different - I don't have the credit you have, but I worked hard to get it where it is now (like you) and to drop my CC from $6000 to $1500 without doing anything negative just doesn't seem right. This will surely affect my score somehow. I know this sounds crazy, but in cases like mine, yours and so many others on MF and beyond, who have done nothing to deserve this drop, the lenders should at least not report the drop to the CBs, or at least have a provision that such a drop was a business decision on their part and thus wont affect the credit rating/score of the customer.
I don't know, I guess I am just rambling on. But I read all these stories of people getting this done to them and it just has me worked up. 
