Capital One Won't Decrease Credit Limit
Mar 16, 2015 | 3:24 pm
#16
Original Poster
Join Date: Feb 2009
Posts: 7,122
Relatively few people are still churning Citi Exec and the operative word in that sentence was regularly. Obviously there are specific deals where you may modify strategy. In any event, I specifically noted that few are likely to have experience with Capital One because they don't have that many competing offers. Typically when people ask to reduce credit lines it is because they are worried that they are approaching the max that a particular issuer will extend. The OP just seems to lower lines as a prophylactic.
There is a lot of talk asking some of us how we got approved for so many............my method is to lower the CL on every card to $1500 after I make the spend and thus far I'm batting 1000 with all instant approvals.
Cap one lowered my limit via chat with no problem.
I'm just glad I got my spending problem under control.
Mar 25, 2015 | 6:55 pm
#17
Join Date: Mar 2015
Location: California
Programs: AA UA
Posts: 151
I have never heard of a card that wouldn't let you decrease the CL but I have been told this twice via SM.
Has anyone else ever experienced this ?
I am traveling for work and don't have the card with me, when I return home I will call and /or chat to see if I get a different response.
Has anyone else ever experienced this ?
I am traveling for work and don't have the card with me, when I return home I will call and /or chat to see if I get a different response.
Maybe this card just has very special rules. OR maybe the card company is hoping a higher CL could encourage charging.