FlyerTalk Forums - View Single Post - Chase closed my credit card account(s) [Archived 2013-mid 2019]

Oct 22, 2015, 12:06 am

#994

gardengirl

Join Date: Jul 2001

Location: DTW

Programs: AA Gold, Marriott Titanium

Posts: 819

Quote:

Originally Posted by Mortgasm

Piggybacking on LivelyFLs work to identify account closures, I went a step further and outlined reasons identified for the closure.

The willingness to be forthcoming with details vary a lot by poster, so it's not possible to make any certain conclusions. But this was helpful for me as I refine my Chase strategy.

1 - moarmiles little explaination - 'inconsistent spending'
55 - brettskyg chase gift cards tiny ms
80 - Artemk checking chase gift card, tiny MS, international wires, wall-mart BP
108 - TTnc4me (105 actually) no info
117 - (not a closure)
129 - Kybosh chase gift card checking
146 mintcilantro - checking 6k/month MS, BB payments from another ss#, some MO/AP, 7new cards in 90days, short cycling
165 newcomr - checking
182 thehawk75 - heavy MSw/other banks,
212 - LRD - 2x spend of 20k /month (on two cards), checking
221 - iceman 77_7, no info
222 - jk2 no info
232 - hitman1420 checking , heavy MS activity (no number)
235 - clearlyanewb checking, MS activity (10k AGC and more), light credit history, 10 recent inquiries
262 - brc01 - shortcycling, some MS (18k/month over a few cards), 1
272 - rambo - 70% MS on 5 cards, WM BP of 16k/month on 5 cards
281 - prestonv - heavy MS - 20k/month on multiple chase cards, heavy WMBP (ink stayed open)
326 - pacupgo - false alarm, no shutdown
364 - edh101985 - tiny MS (bonus only) , 4 chase cards in 6 months,
410 - msetr - lots of freedom/ink ms
411 - standaman360 - international wires (business), million dollar balances,
428 - queensgambit - gambling transactions, UR point transfer from SO, 5 chase apps 3 new chase cc in 45 days, Blogger points coach
475 - dogloverjb - checking, international wires,
477 - ftomasz - 14 inquiries in 8 months, 5 chase, minimal MS, rapid upswing in credit, paying from multiple accounts
482 - liw5215 - little info
513 - thegasguru - checking, $3k/month MO to checking, NO MS, AP,
552 - LAXtoWorld - 3 cards in 30 days
586 - adavydov7 checking, $1k APs,
648 - CMHFlyerOH - checking, MO, 3k gift cards
656 - I can see for miles - Maxing UR 5x rewards on freedom, Ink Plus, Ink Bold. Left other chase accounts open.
662 - frogdog51 - Chase VGCs (Reapproved in 12 months)
677 - Subdawg - closed for piggybacking
714 - Mamibear - 'abuse' redcard MS
718 - maxswanson - MS, 11 chase cards, traded UR, (reapproved after 12 months)
752 - peaser - "reputational risk" associated with the business (decision reversed later)
757 - uncommonsensical checking, cashier's check, (Credit cards not closed yet)
762 - knopfler - checking closed (Credit cards not closed yet)
771 - milemonkey - 'reputational Risk" connected to Attorney General lawsuit
784 - unstable one: 2 cash deposits over 10k to chase checking
815 - dukerau - one time UR point sale, 77% spending is 5x,

Thanks this was a lot of work.

I looked through it a couple times. When I assessed most of them there was activity I knew I wouldn't be doing. Here are my questions that came up while looking at the list.

" 656 - I can see for miles - Maxing UR 5x rewards on freedom, Ink Plus, Ink Bold. Left other chase accounts open."

I don't understand Chase's complaint here, unless, to max the UR rewards the person had to spend their CL multiple times in a billing period. Otherwise, I see Chase reneging on the opportunity they offer with their cards. Chase says you can get up to 5x in certain categories and then when you do they close the account? On the surface that looks rather unjust.

And this one :"718 - maxswanson - MS, 11 chase cards, traded UR, (reapproved after 12 months)"

Does that mean traded UR points with someone else for cash or goods or traded with UR partner (like Hyatt). Again, if that's the case Chase offers it as a perk. Why a penalty?