Originally Posted by Often1

You have this exactly 180 degrees wrong. This is about banks closing out busines cards which appear to be for consumer purposes.

The issue is that Dodd-Frank creates a series of additional rights for consumers which can be extremely valuable in certain types of disputes. Business cards do not carry those protections and CC issuers are concerned that they will be held liable for their failure to properly police the business cards.

This is not a t&c issue, but rather an outright bank fraud matter. A consumer applies for a business card, representing that s/he is a business when s/he is not. It's not worth the potential liability so the bank cancels the fake business card and ends the customer relationship overall.

Easiest signals are that a business is using an individual's Social #, not an EIN; doesn't have articles of incorporation or partnership and not even an "assumed name" certificate or local business license in a jurisdiction which requires them.