I got the same letter from Chase. I got this card in college with a limit of $500. Rarely used it but over the years the credit limit went up to $22,000 which is where it has been. They cut it to $10,000 which is fine.
Received a letter in the mail today from Chase that said because I don't use my Visa card, that we've had for ages, often enough (they're right) that they are reducing my credit limit to $10,000.00 which is basically half.......no skin off my nose and I could pretty much care less.
Just wondering, is it normal for card companies to do this ?
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