Originally Posted by
redtop43
Essentially what applies here is that Chase, by peforming the transfers, essentially announced that they were legal, and cannot then claim they were not; they are estopped from presenting written evidence that is contradicted by the fact of their actions.
But what are the limits of that? Remember the people who wrote scripts to buy a bunch of Amazon gift cards at $0.10 each, in order to take advantage of the 10 points per transaction deal? Can't you make the same argument that because Chase permitted the transaction, then they shouldn't be able to shut they guy's account down?
I think we have a lot of precedent (mistake fares anybody?) where a transaction has been concluded but later reneged upon.