FlyerTalk Forums - View Single Post - Any Globalists using only points?
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Old Apr 22, 2022 | 3:02 pm
  #14  
VegasGambler
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Join Date: Oct 2014
Posts: 10,906
Originally Posted by ElevatorEnthusiast
Considering the hoops I had to jump through (multiple in-person branch visits to different branches) to even apply for a Chase card, I can't imagine messing with them and doing anything slightly off-the-books. Being shutdown forever would be a massive blow.
Chase has a history of doing this. They will close every credit card and bank account you have with them. You will be allowed to transfer your points out (IIRC they either settled or lost a lawsuit about this during a previous round of shutdowns, and now their policy gives you some set amount of time to transfer your points after your account gets closed) and you will never be allowed to open another Chase card or bank account again, for life.

Those who do not study history are doomed to repeat it. OP is flying a bit close to the sun, I think. For, what, $20k worth of points per year? Not worth it.
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