spin_dry Posted August 29, 2020 Share Posted August 29, 2020 They cut my limit from $20k to 10k. The letter said lack of use was the reason. https://www.cbsnews.com/news/capital-one-lowering-credit-card-spending-limits/?intcid=CNI-00-10aaa3b Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted August 29, 2020 Share Posted August 29, 2020 (edited) I don't have any Credit cards so haven't seen that, But 1 of my banks keep asking me to use a Home Equity Line of credit they issued us for up to $170,000+, they send checks every months but I just burn them. Edited August 29, 2020 by XCR1250 Quote Link to comment Share on other sites More sharing options...
Big Crappie Posted August 29, 2020 Share Posted August 29, 2020 Sounds like they are concerned about people suddenly running the balances up because of job loss. Makes sense. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 29, 2020 Share Posted August 29, 2020 18 minutes ago, Big Crappie said: Sounds like they are concerned about people suddenly running the balances up because of job loss. Makes sense. While the Fed prints unlimited money for investment backs to borrow for free and profit from 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted August 29, 2020 Platinum Contributing Member Share Posted August 29, 2020 8 hours ago, spin_dry said: They cut my limit from $20k to 10k. The letter said lack of use was the reason. https://www.cbsnews.com/news/capital-one-lowering-credit-card-spending-limits/?intcid=CNI-00-10aaa3b Odd mine went up 5k 3 months ago, it's had a zero balance for a few years. Same company too Capital one Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted August 29, 2020 Platinum Contributing Member Share Posted August 29, 2020 16 minutes ago, Rigid1 said: Odd mine went up 5k 3 months ago, it's had a zero balance for a few years. Same company too Capital one I used the shit out of mine during pandemic and line went up. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 29, 2020 Author Share Posted August 29, 2020 2 hours ago, Rigid1 said: Odd mine went up 5k 3 months ago, it's had a zero balance for a few years. Same company too Capital one Hadn’t used mine in 8 years. I originally got it for travel, education, and everything else. At that time it was the best for points. They just never kept with others so I switched. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 29, 2020 Share Posted August 29, 2020 2 minutes ago, spin_dry said: Hadn’t used mine in 8 years. I originally got it for travel, education, and everything else. At that time it was the best for points. They just never kept with others so I switched. They just don't care for your lack of business. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted August 29, 2020 Platinum Contributing Member Share Posted August 29, 2020 14 minutes ago, spin_dry said: Hadn’t used mine in 8 years. I originally got it for travel, education, and everything else. At that time it was the best for points. They just never kept with others so I switched. Mine was my first card I got when I was in college,..$200 limit..haha..26-ish or so years ago..lol Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 29, 2020 Author Share Posted August 29, 2020 1 minute ago, Rigid1 said: Mine was my first card I got when I was in college,..$200 limit..haha..26-ish or so years ago..lol I think it was capital one that started the cash back program. Probably the best marketing hook ever. Quote Link to comment Share on other sites More sharing options...
s pump Posted August 29, 2020 Share Posted August 29, 2020 Limits? 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 29, 2020 Share Posted August 29, 2020 I buy everything on a cc for the points. Quote Link to comment Share on other sites More sharing options...
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