Sounds like another round of Cap1 slashing the limit is happening. They did send emails last time if I recall correctly years ago, but I was still salty about it and cancelled I believe two cards.. Just leave my WS card you all acquired alone please 
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Sorry this is happening again, just freeing up reserves it appears
I really wasn't using the card (or any of my cards for padding) my utilization is almost non-existent. I just like high limit cards! Who doesn't? Besides this was only my second high limit card. What was I supposed to do? Call them and ask them to CLD me because I'd gotten more cards since my Venture approval? If they
CLD this card my average credit limit across all my cards will decrease. I don't think I should request that!
Also you have to understand since my credit was so horrible before I feel the need to overcompensate.
I'm sorry this happened to you! So they warned you to use them by December but CLD'd you in August? Not very nice. 
@Hex wrote:I'm sorry this happened to you! So they warned you to use them by December but CLD'd you in August? Not very nice.
Thanks but I'm just happy they told me in advance about the pending closures, I haven't used the cards in years and was honestly expecting them to be CLD'd during the last great purge; guess better late than never for CapOne. The cards themselves I want to keep due to aging since one first card I opened when I was 18 yrs old so almost half my life and other is 8 yrs old I think. Want to keep that AAoA up!
I will say this at least they had the decency to warn you before the cld. Most creditors would not send a letter beforehand
@CreditCuriosity wrote:Sounds like another round of Cap1 slashing the limit is happening. They did send emails last time if I recall correctly years ago, but I was still salty about it and cancelled I believe two cards.. Just leave my WS card you all acquired alone please
Sorry this is happening again, just freeing up reserves it appears
The round I was caught in ($35K -> $10K, and then $20K -> 0 on another card): they sent email but just after the fact, it wasn't a warning where I could put spend on to avoid.
I am almost over it, well, getting there. Maybe.
@Hex wrote:I really wasn't using the card (or any of my cards for padding) my utilization is almost non-existent. I just like high limit cards! Who doesn't? Besides this was only my second high limit card. What was I supposed to do? Call them and ask them to CLD me because I'd gotten more cards since my Venture approval? If they CLD this card my average credit limit across all my cards will decrease. I don't think I should request that!
Also you have to understand since my credit was so horrible before I feel the need to overcompensate.
I mean, to the masses on these boards, that sounds like a personal quest or a great achievement given your past credit situation. To Capital One (or lenders who follow similar lending methodologies), it's an illogical discipline unless you are using the limits they approved on a consistent basis (not just $100 per month). Let's face it, $30K is nothing to sneeze at, but financial institutions are not providing high CLs to leverage scores, pad utilization, pump up average credit limit ratios, and so on. I have high limit cards because I use them (a variety of them close to their limit) for both personal and business expenses -- rotate/spread, rinse & repeat. Having the breathing room (for me at least) helps especially when using float.
Having said that, as mentioned by gdale upthread, if you want to avoid a 'haircut' on the card, then place some considerable usage on it -- like 30%-50% over a ~6 month timeframe -- at least to avoid a major CLD. On the upside, given what happened last year with the mass CLDs, they're at least tapping you on the shoulder before such action takes place. So, they are now giving you an option.
@simplynoir wrote: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
This is very concerning. My overall profile with Cap1 is no more than $22k (across 3 cards). The highest is my QuickSilver at $12k which I have not used for a few months. I better put a few hundered dollars on it to avoid awakening the bear.
