Here's your red flag:
Originally Posted by
Davyboyo
I may have left it too long to do the CFPB as I wasnt aware I could even do that until I read it on a thread here 2 months later. I do remember having about 2K pending in Safeway VGCS on one of the cards at the time I got the letter. I paid each off before statement close each month but as mentioned earlier the returned payments due to the incorrect banking info was the killer. I even spoke to someone at the bank and he listed the reasons in the letters for the shutdown. One nice thing was that I had just reached min spend on my CSP just as I was shutdown and was not sure if I would get the bonus. A few weeks later the points posted which I was surprised about. They do try to be as helpful as possible while cutting your legs off at the knees!
You said previously you were not credit cycling, but if you routinely ran up a balance and paid it off before your statement closed, then credit cycling is exactly what you were doing. Were you doing that regularly, and on more than one card? Highly suspicious, a big red flashing "RISK" that screams "Look at me!!!" and IMHO almost certainly what brought the smackdown.