Originally Posted by
suspire
There is zero proof of this and I don't believe it for a second. Chase shutting down people's cards for high levels of regular spending? That makes no sense and would be a horrific business model--it would mean Chase is shutting down the accounts of those who make the most money for them.
Chase's AARP card is (was) paying 5% cashback, so Chase was losing a lot of money on the card. This is especially true if it became apparent to Chase that a lot of those high spenders were only doing it to take advantage of the high cashback during the promo and would not (and likely could not, based on their reported incomes) sustain that level of spending after the promo was over.
So I don't buy these stories of people's accounts being closed for "high levels of regular spending". I think, as always, we're getting about 1/10th of the story from people who are posting about closed accounts--mostly in an attempt to garner pity and drum up anti-Chase sentiments because they got caught buying a zillion gift cards or other more ridiculous schemes.
You may be right, as there is obviously no way to get all the facts. I have just seen quite a few people complaining about this.