Originally Posted by
rbw5t
So, I'm relatively new to FT, and this Chase closing accounts stuff has me spooked! I have a bunch of cards, which I use sparingly and (to my mind) appropriately. I.e., using a Marriott card for Marriott stays, United card for United flights, IHG card for IHG stays, etc. My Sapphire Preferred and Freedom are my usual go to cards. I have about 250k points (from my own monthly spend plus transfers from my wife's account). I know I'm probably going to eventually use the points for United, but don't have any redemptions now. I'd like to keep the points in UR for now, in case I want to use them for something else (I've gotten good value on an Amtrak sleeper car in the past, for example), but also don't want to risk losing them. Should I just transfer to United now and not worry about it, or is the risk of them being confiscated so low that it makes sense to preserve flexibility?
Any thoughts are much appreciated!
If you feel uncomfortable, then make the transfer. But I don't think Chase closes accounts just because you have several cards. If you read the wiki at the top of the page, you will see a list of high risk behaviors. If you are not engaging in any of those behaviors, then I wouldn't worry about it.
Or if you are at risk, and you want to keep MSing or something like that, then it might be good to keep a low balance. But lately people have reported Chase allowing them to redeem the UR points.
I have several cards with Chase. But I am not worried about account closure because I don't fit the behaviors listed in the wiki.