Originally Posted by
desi
Strange but troubling DP.
Doctor friend with seven figure income. No debt. Never carried balance. Buys cars, boats, homes - all cash.
But very long (30+ years) history with no blemish.
Not a churner. No MS. (No time, no interest)
No banking relationship with Chase except for 4 long held chase cards (no new chase cards in last 24 months. Non applied recently. 3 cards used only when utilizing associated brand. 4th card used almost every month for about 500 automatic billed expenses). Total open cards from other issuers about 6-7 (on top of 4 from chase)
Cards applied in last 24 months - 1 amex (Hilton Amex)
Cards applied in last 12 months - 0
Cards applied recently = 0
changes in CL = had never asked for increase or decrease in whole life ever
cards closed in last 12 months = 0
cards closed in last 24 months = 1 (Hilton Visa)
(monthly charges on non-chase cards in total varies from 3k to 15k (family vacation) - all kosher - all bills paid promptly)
Reason given for shutdown = unsatisfactory relationship
He is furious. Takes it as a personal insult (there is no practical inconvenience other than moving those 500 dollar monthly auto bills to other card)
I can not figure out a reason. Any thoughts?
We are short some facts or Chase screwed up royally! Being 2nd hand doesn't help either.