Originally Posted by
qofmiwok
What do you consider heavy? They allow $25k bonus spend per year with the Ink Cash. So it seems like $5k-$10k per year would be safe? (I assume they put the limit in so they don't have to watch who is abusing it, just cut it off at a level they deem reasonable.)
What is your stated business income, and what is your CL?
Originally Posted by
DeltaNeutral28
It's been discussed at length, but I don't think we've seen someone shut down simply for 5x on ink. It's only $4,167 a month capped. Now, that doesn't mean that Chase isn't going to crack down at some other point in the future. Considering they already cancelled applications for the Ink Plus I think that's there way of cracking down. Wouldn't surprise me to see all the Ink+ converted to Ink Preferred in the next 12 months.
Again, I don't think Chase will shut one down simply for 5x on Ink or Freedom. If the Ink use is heavy and not in line with stated income, eyes will look at the account. Spend $100/monthly at OD on a $5k Ink CL for a annual $2000 ebay business, no big deal. But spend $4k/monthly, I would expect a shut down.
Also, did you see post 656 that I referred to upthread? That poster was shut down for heavy use on Ink and Freedom (I don't think opening a few accts invisible to Chase would have triggered the shut down).