GetSetJetSet

I'm sure i'd get notice before they ended their relationship with UA (ala AMEX and CO), so I don't see what there is to worry about. I like keeping my UR in reserve but if the UA relationship was ending i'd just move them all over.

stevens397

Well, you got my attention. Just emptied 60,000 of my wife's UR points to her United account. Not sure there would be a problem but I know we'll use those miles.

duke2013

I guess keeping a huge chase balance can be dangerous...

elizadoo

IMHO, it's all (or most) of the above. Anytime a person is applying for multiple credit cards at one time, (possibly) based on income they don't have with an outrageous CL, has a short credit history, and even worse is buying far too many gift cards for no apparent good reason--that would send out red flags to anyone! Can you say: flight risk?

Now, if you take another person doing multiple credit apps, but this person has been living in their own home (no mortgage) for 30+ years, has credit dating back to the 1970s, isn't buying gift cards and money orders, and is a retired professional/business owner, then it's a whole different story.

aubreyfromwheaton

After reading this thread... I am sleeping better after transferring ~150k to UA

I just hope there isn't a transfer bonus in the coming days!

My goal with the UR points was to get some *A points as I've already got lots of DL SkyPesios (for Europe), BA Avios (for NYC/short haul), AA Bankruptios(for the 17.5 domestic/Canada), NK FreeSpiritios (for domestic 6 month in advance trips).

I have lots of inquiries, and have had to use recons line a lot lately, including shuffling credit lines around, also got Freedom and activated the Exclusives..

Also I misspelled my name on an online purchase, and all my cards were temporarily frozen until I called in to sort it all out.

So I feel better now. If they close all my accts its their loss

wise2u

on the other hand, if you have a large balance of points and don't do app-o-ramas to get your account killed, and you spend something on the cards every few months, your points should be safe. Consider the amazing values presented last Black Friday through Best Buy with these points.
My wife had 103k from her sapphire card and we got the samsung 60" 3D plasma, 3D blueray, 32GB PS3 with move package, Skyrim and a couple of other games for it, and a rug shampoo machine which I traded for store credit and got 4 pair of powered 3D glasses. All in all about $2000 worth of stuff...I doubt it will happen again this BF, but you never know.

so there is the other side of the coin.

aubreyfromwheaton

sounds like more than $2000 worth of stuff

superking

Chase closed my 6 accounts including Chase WaMu card(2007)$1000 limit, Chase Freedom(2007) $5000, Chase Sapphie Card (2011) $5000, Chase United(2012) $5000 , Chase Southwest(2011) $1000, and Chase Ink Bold(2011) $10000. Approximately $27000 credit( I have $15k with Citi, 8k with Discover, 11$k with Amex). On personal income of 60k or household income of 120k but I dont think that matters. So my best advice is when opening future cards with Chase, do not request for more credit, request to allocate your existing credit instead. My father's cards were not impacted, he has as many Chase accounts as I have but with less then 10K credit limit. All my mother's chase cards were closed because her limiti was 20k+.


I lost over 450k worth of Sapphire points, they did not allow me to transfer to other accounts nor redeem miles, however after letter to Executive Corresponding Team, they did allow me to redeem for cash only. I'm very disappointed that I could not transfer those to Continental, despite I have 490K miles in continental.


Their reasons for account closure include


~ Too many recent inquiries
~ Too many recently open accounts
~ Too many accounts with Chase or too much revolving credit with Chase

They deemed me a high risk customer, as it appears.

I tried to negoite to keep 1 or 2 accounts open since Chase is my main card, I charge approximately $1000/month on Chase, but they would not budge. Chase is my main card that I have been using for years, so I'm profitable to them.


I have never had a single late payment on any of my cards, my utilization ratio is 5% or less on each card and however I applied for approximately 8-10 cars in 2011.

In addition, I checked all my credit reports with scores ranging from 750-760 with 3 bureaus. recently got a mortgage about 1 year ago. NO bankruptcy, never missed payments, no negatives at all. Credit age is approximately 7 years..


On the good note, I received an sr financial analyst job offer with finaical analysis group(for Chase Non-Reward Card), working closely with marketing & risk management on budget/ marketing developements etc. It's only for one Chase card product, not sure how much I'd be expose all the marketing campaigns. Too bad I didn't take the offer, I wonder if I could make an case if I work closely with the marketing people


YOU SHOULD REDEEM THEM!!!

CodeAdam10

How did you accumulate nearly half a mil UR points with only charging "approximately $1000/month on Chase"?

superking

Chase Ink Bold 50k x3
Chase Sapphire Preferred 50k x3 (with 2x50k bumps)

400k UR points total + 50 k from various spending/promotions spending

ascg

I have a total of 48k credit line with an income of 60k accross 6 cards.What should i do, should I call chase to lower my credit lines?

ArizonaGuy

100K from the Sapphire Preferred if you bumped it last summer. Add in 50K for original Ink Bold, 50/60k for new Ink Bold, 20/30K for Freedom gets you well over 250K after minimum spend. Do an absurd amount of only category / UR mall spending for that $1000 a month. It's definitely possible.

This isn't even accounting for combining spouse / family member points into your own account.

I'm not terribly worried so I won't be zeroing out my balance but I did move over a chunk to UA today since it's a near certainty that's where they'll be used anyway. The BA transfer option is not so tempting when Amex has frequent transfer bonuses. Combined with the rumor of ThankYou transfers (briefly available by mistake) and and that leaves UA the only option for me. Hotel transfers don't interest me much.

metoo

delete

Happy

How did you earn 490K UR pts with your charge pattern AND the credit limit of your cards? I dont think Chase would issue you 3 Ink Bold cards. My guess is 2 of them belong to your parents and you transfer their UR pts to your account.

I believe the system is also designed to flag large earning of points that does not corresponding to spend and credit limit. In other words, they also look for "creative usage" of cards to earn bonus points. This might be the real reason behind the account closure because, 20K total credit limit with a 120K household income really is on the low side. Many people have multiple times above that with similar household income.

I also suspect that pulling all family members' UR pts to your single account might not be a good idea after all - your Mom and Dad might be viewed as pawns to get multiple cards just for the bonuses. Just sayin.

That too, would trip the wire in today's environment - it is interpret as a desperate sign for someone trying to grab as much credit as one could before one sinks (lost job, facing foreclosure, what have you.)

Shouldn't you use this job offer to leverage with Chase risk management to re-open your cards? If you are good enough to be offered a job in its financial analysis dept, you should be good enough to hold a Chase card or two!

Weren't you last year also suffering the claw back of AA miles either by AA or by Fido, for both your account and one of your family's accounts?

Happy

No. OP's issue is she got cards in her parents names and then pulled all the UR pts to her own account - that might be the trigger that cause a scrutiny of all the accounts including her parents - it is not hard for a person at Chase to see what the real purposes are for her parents to open those cards. The rest is history.

If you dont do any of the above, there is no reason to worry.

Pushing the envelop to the limit does carry consequences. It seems all the account closure stories always have this common element - being very aggressive in playing this game and then ending up losing everything despite all the work involved.

BTW, this is not the first time similar case has happened though this might be the most detailed, publicly reported one. Should serve some warnings to others who have similar "behavioral" patterns in handling their Chase accounts.