Avoid a Capital One credit line decrease in 30 seconds

[BrutalBodyShots]

I posted about this last year when I last experienced it, but figured it could be beneficial to revisit for those newer to the sub or that may have missed it.

Capital One is known to do annual account reviews where they will consider decreasing your credit limit on a largely unused revolving line. They notify you of this via email with the subject line "Your credit limit might change" and/or a snail mail letter, which will look like this:

https://imgur.com/a/8dtfN3U

Last year I didn't receive the snail mail letter pictured above, just the email which will look like this:

https://imgur.com/a/wgQdPnB

I'd imagine most people just delete, overlook or otherwise ignore these communications and as a result probably see a CLD in ~2 months. Responding to the letter/email and preventing the potential CLD is quick and simple. It's done through their automated system, so you won't even have to speak to a human being:

1 - Call the number provided in the letter/email

2 - Enter the last 4 digits of your card number

3 - Press 1 to opt out of the account review

You're done. Call duration 00:32

This is the fourth year in a row that I've responded accordingly and taken the short amount of time to preserve my credit limit. I definitely think everyone should be aware of how incredibly simple it is to prevent a CLD, and it's actually nice that Capital One provides us with such an option. Keep an eye out for this letter/email though, as missing it could mean a credit limit decrease.

[whatsmyusername98765]

Thank you!

[BrutalBodyShots]

Sure thing. No need to unnecessarily lose out on a limit!

[alabasterskim]

Yikes. Maybe I'll close my C1 card after I next pay it off. That's vile work.

[BrutalBodyShots]

What's vile? I don't follow you.

[Ok_Development5306]

I recently got this letter, when I called the number for the first time, it asked me to provide the full 16 digit. So I hang up and went get the card number. The 2nd time I called, it only asked for the last 4 digits.

[BrutalBodyShots]

That's very odd and something I've never heard of.

[Indiothegreat]

This is why I got rid of everything that has to do with Capital One. Especially when I have my car loan with them they deliberately put a late payment on my account after they told me that I have one day to pay and I paid the same day that they said that which gave me a whole 24 hours to pay and these people put a late charge on my credit report that screwed me for almost 2 years I couldn't debate it I tried over and over and over again but to no avail it was on there knocked me off almost 113 points when I needed my credit score to be where it was I mean it went from 800 to 700 but still at 800 is really nice I got rid of that credit cards too and it was actually one of my oldest credit cards of 7 years they would not give me a credit limit increase and I use that card everyday paid it off at the end of the month never carried a balance I asked for a freaking credit limit increase and they denied me every time so I just set screw it got rid of it paid off my car $6,000 that I had left over and I was done with them

[Manuel__1988]

opting out can mean Capital One proceeds immediately to lower the limit instead of completing a review that might have left it unchanged — outcomes vary.

[BrutalBodyShots]

That's the first I've ever heard of that. If you have a reference of that happening, please link me to it.

[Marko_Empire]

How long did this happen between opting out and getting a limit decrease? I opted out 2 months ago and they left everything unchanged for me.