Originally Posted by
pier11
I think $200@$6.95 is an attempt of office supply stores to party at Chase's expense (to share the 5x payouts). As they know it's still profitable to buyers.
Whereas $500@$3.95(or $4.95) is not so appealing to them, thus the shut down.
It still seems odd that they would carry those at a loss, unless they were contractually obligated to? Even then, the only incentive I see for the issuer is that the credit is lost/never spent.