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Originally Posted by brettskyg
(Post 21953944)
I had a 780 fico prior to this mess. Hopefully this doesn't kill my score. I guess I will know in a month when the statements cycle again. I do have cards with amex barclays boa and citi and zero credit debt so this shouldn't impact my credit utilization whatsoever. I am justt concerned about what a forces closure will do?
I admit I spent very little collected sign up bonuses and not much else. However I bought he jpm gift cards 1 time and they never complained. The only spending that might have bugged them was 2 purchases of 1000 apiece. At cvs two weeks apart. It's like being punched in the gut. It's pretty low of them to confiscate points that were earned but even worse to do this without any notice on a day I was traveling united. I just so happened to have a citi credit card on me but had I not I would have been royally screwed on this trip. They should at least give a courtesy phone call or email advising of the situation. |
There's gotta be another factor.
People in the MS forums spend 5 figures at CVS and etc on GCs and VRs and they're fine. |
Originally Posted by uneeq
(Post 21954279)
There's gotta be another factor.
People in the MS forums spend 5 figures at CVS and etc on GCs and VRs and they're fine. |
Originally Posted by oohaahouch
(Post 21954803)
100%
I've heard everything and this person blew my mind. But I'm sure it's such a tiny percentage of the customer base that even significant MS flies off the radar. |
Originally Posted by cottonpatch
(Post 21954216)
In the MS forum you've talked about doing 10 VR cards per day. Could this be related to your Chase closures?
No as stated on chase only did 2500 1 time to earn a bonus on southwest and it was split on a few transaction. My mfg spending is 99 percent on a citi preferred 5x promo. |
Lesson learned. If you are doing MS, make sure you have other spending to show actual use of the cards.
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Originally Posted by deant
(Post 21960676)
Lesson learned. If you are doing MS, make sure you have other spending to show actual use of the cards.
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Several Conversations with clueless CSR reps, I finally spoke to someone in executive offices. We will see what happens.
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Spoke with executive offices today. Not offered any explanation. Was told this was not for perk abuse, but rather for unexpected spending. Reading between the lines it sounds like it was because I had several accounts, with very little spending on them. They will not return my annual fees even though I only have 4-6 months of use of the cards. They said they are entitled to keep them. They are not returning my points.
I have am considering legal action against Chase here. If anyone else has filed suits against Chase, please PM me as I would love to know what has happened. My advice to all- Do NOT let UR points accumulate in your account. Find a travel partner and transfer them immediately or you could be next. |
Would be shocked if a travel partner didn't cancel miles / points transfed in from a CC partner, if notified by the CC partner.
Just part of an overall tightening which will continue. |
Originally Posted by Often1
(Post 21981127)
Would be shocked if a travel partner didn't cancel miles / points transfed in from a CC partner, if notified by the CC partner.
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Originally Posted by uneeq
(Post 21954279)
There's gotta be another factor.
People in the MS forums spend 5 figures at CVS and etc on GCs and VRs and they're fine. Just because more shutdowns aren't advertised doesn't mean they're not happening. It's getting ugly. |
Originally Posted by brettskyg
(Post 21981077)
Spoke with executive offices today. Not offered any explanation. Was told this was not for perk abuse, but rather for unexpected spending. Reading between the lines it sounds like it was because I had several accounts, with very little spending on them. They will not return my annual fees even though I only have 4-6 months of use of the cards. They said they are entitled to keep them. They are not returning my points.
Chase also looks at your spending over time. If you started out at $1,000 per month for several months, and then started spending $10,000 each month, alarms might go off. This is why some people advise big spending when you first open the card.
Originally Posted by TTnC4me
(Post 21982000)
I have some swampland to sell you.
Just because more shutdowns aren't advertised doesn't mean they're not happening. It's getting ugly. |
Income was 100% inline with spending. Nothing was crazy. Spent maybe 10-15% of income on cards.
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Originally Posted by brettskyg
(Post 21981077)
They will not return my annual fees even though I only have 4-6 months of use of the cards. They said they are entitled to keep them. They are not returning my points.
Now, if you did something that violates your agreement with Chase, it's a different story. From what you've said so far, Chase hasn't accused you of anything like that, so I am baffled as to why they would refuse to refund your annual fees. There are reports on this forum of people who successfully sued Chase to get their points back (or the cash value of those points) when Chase unilaterally closed their accounts. |
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