So I got an interesting email from capital one today. I’ve kind of been expecting it. It’s my Venture card and it was approved in October of 2017 with $30K CL about 15 months after my BK7 was discharged. I was absolutely thrilled when I got approved for this card. Last year when Capital One did their mass CLD's my first large CL card (which was a $15K grandfathered Savor card) was decreased from $15K to $5K and now it looks like they’re coming for my Venture card too. At least this time they gave me a warning. I was so angry about the last CLD (my only CLD ever) that I stopped my direct deposit into my Capital One checking account. I’ve been expecting this and so I already have a Navy Flagship card with a $31.5K limit. I have about $280K in total credit limits but I don’t want a second CLD on my reports. Part of me wants to just cancel the card but I got it the last day that the annual fee was still $59 so I’ll never get those terms again. I only spend about $100 a month on the card because I don’t travel and they stopped letting you redeem the points for non-travel related purchases. I guess I’ll call them on my next day off (Friday). How much do you think they’ll want me to spend to keep my current credit limit? My annual fee will be charged in November. I’m glad they at least warmed me about this before they charged me for the fee. Has anyone else gotten a similar letter? Credit profile wise I don’t think I’ve ever been stronger. Added two accounts last October but none since and only one inquiry in the last year.
That is interesting. Never knew Capital One was much into CLDs, like Chase or AMEX. That being said, I was denied a few CLIs on my Venture card due to low usage (i.e. $2k out of $5k). Do they want an average of more than 50% usage? Could be. I will look for others to share their experiences, but that has been mine with Capital One.
OP I'm sure if you ran $30,000 of new charges through the card in the next 30 days they might keep the $30k CL. 
My money is on a CLD, and that's one of the reasons I closed my $30k Savor after they cut my QS limit from $10k to $5k. The Savor AF was the other factor. So I got out of Capital One as a redundant bank for me. I still think CapOne is an excellent bank, I simply competed my SUB chasing and account aging goals with them.
@RSX wrote:now i am wondering if they are sending these to generate people spending on their card this month, instead of their other cards
good be a easy 'trick' to bump people to use their cards
I was thinking the same thing... Right before the holidays!
They are known to want usage so you will need to most likely use at least half of the CL to avoid the review. If you are keeping this card for padding its a prime reason why you should be spreading your exposure over many lenders so you dont get caught with the proverbial "pants down".
For me Capital One just went ahead and CLD my two Quicksilver cards earlier this month. At least they were kind enough to send letters telling me if the cards were showing inactivity by December they'd close them so there's that. Gotta say they gave one of the cards a weird limit considering they both had $17k CLs
