@ochotona – Thanks for sharing this with the community!
These letters are becoming more common as card issuers are taking inventory on their risks in an era that has incredibly high credit card debt numbers. Unfortunately, that means some of us who are good and responsible customers get hit with these boilerplate letters.
Opting out is a perfectly fine choice and may have been the correct call in your life.
But, while we’re on the topic, I do want everyone to be aware of the potential impact a credit limit reduction could have on credit scores. A percentage of your score is impacted by what is called a “credit utilization rate” … so the higher your total available credit is vs. a small usage = higher score. So, from that aspect, it may be important for some consumers to ask what is required to avoid the limit reduction.
Hope this helps someone. Thanks again for sharing with the community!
Nick