Originally Posted by
dogbyte
It is much more prevalent that we think. If you look on the Dans Deals forum , there's a huge thread about Chase account closures. I'm not sure if iall the closures are related to MS on the Ink card, but the people there are in the same demographics as us (credit card churning and MS). The shutdowns seem to have started late last year.
I also originally thought that Chase does not care about MS on the Ink card since there is a cap, but apparently, they started caring a lot more. I'm not planning to stop because I need the points, but I will probably refrain from applying to additional Chase cards (I have most of the good ones anyway) and will only earn points that I intend to spend soon, rather than hoarding them.
If you read Dansdeals, a lot of the people on the forum are involved with brokering/selling points, which is the easiest way to get a shutdown (transferring to an account that doesn't belong to you or your spouse).