Capital One Accounts Closed for Perk Abuse
My Capital One credit card accounts were closed today. I have been doing a lot of purchase transactions with the bank that some members refer to as "Bank of the Spook". I really like everyone here on the Board but I will not disclose who Bank of the Spook is. The deal is too fragile. But I know that a lot of posters do this same transaction and I thought I would give out a shout to not go overboard.
I did not think that Cap One closed accounts for perk abuse, so I was really using this card a lot for these transactions. That being said, they were really nice about it and they said they will use my outstanding point balance as a credit on my statement.
I hope that my case was an isolated incidence.