So loyal Diamonds who already have the card get nothing, but those with trial Diamond status were solicited for what would be, in essence, lifetime Diamond status for $75/yr? I see a bit of a PR debacle for Hyatt coming up
Yep that seems to be about right. Pretty brutal I agree...
Originally Posted by
skywalkerLAX
Doesn't Amex and others close customers accounts all the time after a new Financial Review, stating the credit extended to the customer is not suiting the criteria for the issued card anymore bla bla!? Not sure if they even need a reason for closing down a credit card account.
They can let it slide for a year or two and then you could receive a letter from Chase along the lines of that. After reading to what length AA went through to get rid of certain customers (especially those with the lifetime AAirpass) nothing would surprise me anymore.
But I'm not a friend of black helicopter theories and did not open this thread to feed a conspiracy.
You are right. Most days I'd not be worried about it, but if it ends up costing them too much maybe they will think of something. But most bank shutdowns are usually related to large amounts of manufactured spending, often-times not supported by income (i.e. someone states on app income of $30k and ends up spending $50k per month - pretty brutal red flag)