Originally Posted by
Happy
This is the first time public DP that someone's accounts are shut down by Chase due to CC funding for bank account deposit. Obviously Chase feels the funding is essentially Cash Advance but not paying the bank Cash Advance Fee. Else, why would Chase be bothered, after all his CL is big enough to support the 20K as he mentioned about "insane" CL.
I think we have a good reason to be curious on HOW Chase handles this type of situation - this is a pseudo Cash Advance but bypass the cash Advance fee and such - so how Chase would ultimately treat this is of keen interest to those who want to learn more.
Just what is this being a problem to you that some of us want to know about how Chase would eventually handle the quasi Cash Advance?
Yes, while this type of transaction induced shutdown might be first, it's hardly outside of Chase's reasons for shutting down: dealing with cash/cash equivalents, i.e. buying in large amounts, depositing MO in the checking acct, etc. In none of those shutdowns Chase later on went and changed the terms of the transaction. they only took ex post actions: shutting down acct, seizure of points, shutting down other accts, etc.
No reason to expect different, nor the material loss of $200 cash advance fees is that meaningful.