May 15, 2014, 8:16 am
Last edit by: StartinSanDiego
This thread is now archived. Please follow the topic here: https://www.flyertalk.com/forum/chase-ultimate-rewards/1986148-chase-closed-my-credit-card-account-s-tales-speculation-2019-thread.html
If you feel your account has been unfairly closed, consider filing a complaint with the Consumer Protection Financial Bureau:
CFPB's complaint form: http://www.consumerfinance.gov/complaint/
When someone reports an account closure here, a lot of the same questions get asked. It might be useful to answer some questions in advance. This could help figure out what happened or how to proceed:
2013.9
2013.12 2014.6
http://www.flyertalk.com/forum/chase...ta-points.html
On 1/4/15, LivelyFL noted that 34 posts have referenced account closures (updated 1/25/15):
1, 55, 80, 108, 117, 129, 146, 165, 182, 212, 221, 222, 232, 235, 262, 272, 281, 326, 364, 410, 411, 428, 475, 477, 482, 513, 552, 586, 620, 648, 656, 662, 714, 718, 784 and 815.
Mortgasm provided more detail as follows:
001 - moarmiles little explaination - 'inconsistent spending'
055 - brettskyg chase gift cards tiny ms
080 - Artemk checking chase gift card, tiny MS, international wires, wall-mart BP
108 - TTnc4me (105 actually) no info
117 - rodsren
129 - Kybosh chase gift card checking
146 - mintcilantro - checking 6k/month MS, BB payments from another ss#, some MO/AP, 7new cards in 90days, short cycling
165 - newcomr - checking
182 - thehawk75 - heavy MSw/other banks,
212 - LRD - 2x spend of 20k /month (on two cards), checking
221 - iceman 77_7, no info
222 - jk2 no info
232 - hitman1420 checking , heavy MS activity (no number)
235 - clearlyanewb checking, MS activity (10k AGC and more), light credit history, 10 recent inquiries
262 - brc01 - shortcycling, some MS (18k/month over a few cards), 1
272 - rambo - 70% MS on 5 cards, WM BP of 16k/month on 5 cards
281 - prestonv - heavy MS - 20k/month on multiple chase cards, heavy WMBP (ink stayed open)
326 - pacupgo - false alarm, no shutdown
364 - edh101985 - tiny MS (bonus only) , 4 chase cards in 6 months,
410 - msetr - lots of freedom/ink ms
411 - standaman360 - international wires (business), million dollar balances,
428 - queensgambit - gambling transactions, UR point transfer from SO, 5 chase apps 3 new chase cc in 45 days, Blogger points coach
475 - dogloverjb - checking, international wires,
477 - ftomasz - 14 inquiries in 8 months, 5 chase, minimal MS, rapid upswing in credit, paying from multiple accounts
482 - liw5215 - Heavy MS, re-entered after 13 months
513 - thegasguru - checking, $3k/month MO to checking, NO MS, AP,
552 - LAXtoWorld - 3 cards in 30 days
586 - adavydov7 checking, $1k APs,
648 - CMHFlyerOH - checking, MO, 3k gift cards
656 - I can see for miles - Maxed UR 5x rewards on Freedom and Ink cards. Chased closed all accounts. Was approved for Ritz Carlton card 14 months later and did nothing unusual with it, other than lower CL from 30K to 10K to free up CL for possible approvals. Two subsequent Chase apps (Chase Ink and Marriott Rewards), on separate dates 3+ months later, were declined for a "previous unsatisfactory relationship ..."
662 - frogdog51 - Chase VGCs (Reapproved in 12 months)
677 - Subdawg - closed for piggybacking
714 - Mamibear - 'abuse' redcard MS
718 - maxswanson - MS, 11 chase cards, traded UR, (reapproved after 12 months)
752 - peaser - "reputational risk" associated with the business (decision reversed later)
757 - uncommonsensical checking, 3 Cashier's Check deposits with quick w/d (the w/d were to pay CHASE credit cards! ridiculous 'loss prevention' dept. gods). All CC's closed 2 days later. Tried EX Office- they seem to have zero power once the Mullah in loss prevention has issued a fatwa (my guess: some 27 year old with a god complex).
762 - knopfler - checking closed (all credit cards closed in both mine and Mrs. Knopflers accounts about three weeks after checking closure)
771 - milemonkey - 'reputational Risk" connected to Attorney General lawsuit
784 - unstable one: 2 cash deposits over 10k to chase checking
815 - dukerau - one time UR point sale, 77% spending is 5x,
If you feel your account has been unfairly closed, consider filing a complaint with the Consumer Protection Financial Bureau:
CFPB's complaint form: http://www.consumerfinance.gov/complaint/
When someone reports an account closure here, a lot of the same questions get asked. It might be useful to answer some questions in advance. This could help figure out what happened or how to proceed:
- Did you transfer UR points to someone with a different address? Different last name?
- Did you sell UR points to someone?
- Approximately what percentage of your charges earned less than 5x points in the past 12 months?
- Did a Chase or non-Chase bank recently close one of your credit cards?
- Are you using up a large percentage of your credit line on all Chase and non-Chase credit cards?
- Is your total credit line with Chase much higher than with other banks?
- Did you apply for many credit cards or other forms of credit in the past 2 months? ("Many" may be hard to define.)
- If you have a Chase checking account how much did you typically deposit in money orders per month, if any?
- Did you recently start spending a lot more with Chase than in typical months?
- Is your monthly balance frequently close to your credit limit?
- Approximately what percentage of spending was on gift cards this year?
- How much of your bill do you typically pay using WM or KMart bill payment if any?
- Do you have a Chase mortgage or other account that might be profitable to Chase?
- Has your credit score or credit profile changed recently? As in: significantly more debt, more open credit lines, or a large drop in your credit score?
2013.9
2013.12 2014.6
http://www.flyertalk.com/forum/chase...ta-points.html
On 1/4/15, LivelyFL noted that 34 posts have referenced account closures (updated 1/25/15):
1, 55, 80, 108, 117, 129, 146, 165, 182, 212, 221, 222, 232, 235, 262, 272, 281, 326, 364, 410, 411, 428, 475, 477, 482, 513, 552, 586, 620, 648, 656, 662, 714, 718, 784 and 815.
Mortgasm provided more detail as follows:
001 - moarmiles little explaination - 'inconsistent spending'
055 - brettskyg chase gift cards tiny ms
080 - Artemk checking chase gift card, tiny MS, international wires, wall-mart BP
108 - TTnc4me (105 actually) no info
117 - rodsren
129 - Kybosh chase gift card checking
146 - mintcilantro - checking 6k/month MS, BB payments from another ss#, some MO/AP, 7new cards in 90days, short cycling
165 - newcomr - checking
182 - thehawk75 - heavy MSw/other banks,
212 - LRD - 2x spend of 20k /month (on two cards), checking
221 - iceman 77_7, no info
222 - jk2 no info
232 - hitman1420 checking , heavy MS activity (no number)
235 - clearlyanewb checking, MS activity (10k AGC and more), light credit history, 10 recent inquiries
262 - brc01 - shortcycling, some MS (18k/month over a few cards), 1
272 - rambo - 70% MS on 5 cards, WM BP of 16k/month on 5 cards
281 - prestonv - heavy MS - 20k/month on multiple chase cards, heavy WMBP (ink stayed open)
326 - pacupgo - false alarm, no shutdown
364 - edh101985 - tiny MS (bonus only) , 4 chase cards in 6 months,
410 - msetr - lots of freedom/ink ms
411 - standaman360 - international wires (business), million dollar balances,
428 - queensgambit - gambling transactions, UR point transfer from SO, 5 chase apps 3 new chase cc in 45 days, Blogger points coach
475 - dogloverjb - checking, international wires,
477 - ftomasz - 14 inquiries in 8 months, 5 chase, minimal MS, rapid upswing in credit, paying from multiple accounts
482 - liw5215 - Heavy MS, re-entered after 13 months
513 - thegasguru - checking, $3k/month MO to checking, NO MS, AP,
552 - LAXtoWorld - 3 cards in 30 days
586 - adavydov7 checking, $1k APs,
648 - CMHFlyerOH - checking, MO, 3k gift cards
656 - I can see for miles - Maxed UR 5x rewards on Freedom and Ink cards. Chased closed all accounts. Was approved for Ritz Carlton card 14 months later and did nothing unusual with it, other than lower CL from 30K to 10K to free up CL for possible approvals. Two subsequent Chase apps (Chase Ink and Marriott Rewards), on separate dates 3+ months later, were declined for a "previous unsatisfactory relationship ..."
662 - frogdog51 - Chase VGCs (Reapproved in 12 months)
677 - Subdawg - closed for piggybacking
714 - Mamibear - 'abuse' redcard MS
718 - maxswanson - MS, 11 chase cards, traded UR, (reapproved after 12 months)
752 - peaser - "reputational risk" associated with the business (decision reversed later)
757 - uncommonsensical checking, 3 Cashier's Check deposits with quick w/d (the w/d were to pay CHASE credit cards! ridiculous 'loss prevention' dept. gods). All CC's closed 2 days later. Tried EX Office- they seem to have zero power once the Mullah in loss prevention has issued a fatwa (my guess: some 27 year old with a god complex).
762 - knopfler - checking closed (all credit cards closed in both mine and Mrs. Knopflers accounts about three weeks after checking closure)
771 - milemonkey - 'reputational Risk" connected to Attorney General lawsuit
784 - unstable one: 2 cash deposits over 10k to chase checking
815 - dukerau - one time UR point sale, 77% spending is 5x,
Chase closed my credit card account(s) [Archived 2013-mid 2019]
Oct 23, 2017, 1:38 pm
#1638
Join Date: Dec 2006
Location: NRT / HND
Programs: AA EXP, NH Plat, Former UA 1K
Posts: 5,625
I ran across this thread from another forum. I've been reading through this with great interested and also great fear.
I primarily use my personal cards for small business inventory which is about $40k a month. It's paid off in full every 30-45 days. In the US, I don't know how strongly this is frowned upon by the CC banks. Up until now I've used cards issued in Japan and there's never an eye batted except one 2 month treacherously long Amex (Japan) FR.
I quite recently got a Chase Sapphire Preferred with a pretty sizable limit which had I planned to use for the same purpose mixed together with my Japanese cards. However from the posts I've seen here and from other places, I'm getting worried that very large monthly purchases may get me shut down before I get a single charge approved for my 50k UR bonus. (an average swipe is $8-10k, rarely have anything smaller).
How is Chase with using consumer cards for business purchases?
My interest income to them would be minimal, but my swipe fees are quite high as I run over $500k a year through cards. All payoffs would be from my USAA or NFCU checking accounts, no MO direct or WMBP. I don't need MF because my regular spending is so high, just desire to switch from Japanese cards to American cards since it's about a 1% savings for me overall considering FX to transfer cash to my US accounts vs FX rates on Japan Amex, Diners, etc. (My business sells from US to Japan, henceforth the JPY transfers to my own accounts).
Curious for some more expert advice. I've been out of the US credit card game for a very long time.
I primarily use my personal cards for small business inventory which is about $40k a month. It's paid off in full every 30-45 days. In the US, I don't know how strongly this is frowned upon by the CC banks. Up until now I've used cards issued in Japan and there's never an eye batted except one 2 month treacherously long Amex (Japan) FR.
I quite recently got a Chase Sapphire Preferred with a pretty sizable limit which had I planned to use for the same purpose mixed together with my Japanese cards. However from the posts I've seen here and from other places, I'm getting worried that very large monthly purchases may get me shut down before I get a single charge approved for my 50k UR bonus. (an average swipe is $8-10k, rarely have anything smaller).
How is Chase with using consumer cards for business purchases?
My interest income to them would be minimal, but my swipe fees are quite high as I run over $500k a year through cards. All payoffs would be from my USAA or NFCU checking accounts, no MO direct or WMBP. I don't need MF because my regular spending is so high, just desire to switch from Japanese cards to American cards since it's about a 1% savings for me overall considering FX to transfer cash to my US accounts vs FX rates on Japan Amex, Diners, etc. (My business sells from US to Japan, henceforth the JPY transfers to my own accounts).
Curious for some more expert advice. I've been out of the US credit card game for a very long time.
Oct 23, 2017, 1:47 pm
#1639
Join Date: Jun 2008
Location: BAY AREA
Posts: 1,125
I can't tell you about Chase but I've been using my BofA travel card for my business expenses over a year now. I average 100k a month. I usually pay the charge in a few days from my BofA business act. So far no acct closures. But I'm paranoid lol
Oct 23, 2017, 2:41 pm
#1640
Join Date: Aug 2011
Programs: Marriott Gold, Hilton Diamond, Radisson Rewards Gold, Best Western Diamond Select
Posts: 1,856
I've opened 8 cards in the last 4 months from 7 different banks, is it a bad idea to apply for the Avios card? I'm worried about exposing myself to shut down when Chase sees my recent activity. I don't MS at all.
Last edited by slickvik; Oct 23, 2017 at 2:56 pm
Oct 23, 2017, 9:17 pm
#1641
Join Date: Mar 2012
Location: Boulder
Programs: AA Plat, CX Silver
Posts: 2,361
I ran across this thread from another forum. I've been reading through this with great interested and also great fear.
I primarily use my personal cards for small business inventory which is about $40k a month. It's paid off in full every 30-45 days. In the US, I don't know how strongly this is frowned upon by the CC banks. Up until now I've used cards issued in Japan and there's never an eye batted except one 2 month treacherously long Amex (Japan) FR.
I quite recently got a Chase Sapphire Preferred with a pretty sizable limit which had I planned to use for the same purpose mixed together with my Japanese cards. However from the posts I've seen here and from other places, I'm getting worried that very large monthly purchases may get me shut down before I get a single charge approved for my 50k UR bonus. (an average swipe is $8-10k, rarely have anything smaller).
How is Chase with using consumer cards for business purchases?
My interest income to them would be minimal, but my swipe fees are quite high as I run over $500k a year through cards. All payoffs would be from my USAA or NFCU checking accounts, no MO direct or WMBP. I don't need MF because my regular spending is so high, just desire to switch from Japanese cards to American cards since it's about a 1% savings for me overall considering FX to transfer cash to my US accounts vs FX rates on Japan Amex, Diners, etc. (My business sells from US to Japan, henceforth the JPY transfers to my own accounts).
Curious for some more expert advice. I've been out of the US credit card game for a very long time.
I primarily use my personal cards for small business inventory which is about $40k a month. It's paid off in full every 30-45 days. In the US, I don't know how strongly this is frowned upon by the CC banks. Up until now I've used cards issued in Japan and there's never an eye batted except one 2 month treacherously long Amex (Japan) FR.
I quite recently got a Chase Sapphire Preferred with a pretty sizable limit which had I planned to use for the same purpose mixed together with my Japanese cards. However from the posts I've seen here and from other places, I'm getting worried that very large monthly purchases may get me shut down before I get a single charge approved for my 50k UR bonus. (an average swipe is $8-10k, rarely have anything smaller).
How is Chase with using consumer cards for business purchases?
My interest income to them would be minimal, but my swipe fees are quite high as I run over $500k a year through cards. All payoffs would be from my USAA or NFCU checking accounts, no MO direct or WMBP. I don't need MF because my regular spending is so high, just desire to switch from Japanese cards to American cards since it's about a 1% savings for me overall considering FX to transfer cash to my US accounts vs FX rates on Japan Amex, Diners, etc. (My business sells from US to Japan, henceforth the JPY transfers to my own accounts).
Curious for some more expert advice. I've been out of the US credit card game for a very long time.
Oct 23, 2017, 9:38 pm
#1642
Join Date: Dec 2006
Location: NRT / HND
Programs: AA EXP, NH Plat, Former UA 1K
Posts: 5,625
True, at least not in the frequency of a MS user, lol. Hopefully all goes well, it's a great card for me for with the mileage transfers, 3 airline programs I regularly use so more of an advantage to me than Amex.
Oct 24, 2017, 9:39 am
#1644
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,738
The banks generally tolerate the usage within certain range, that is why many cardholders especially those who are on reimbursement type of arrangement, use their personal cards for business purposes.
However when the amount reaches certain level, the system may flag the account, and then human eyes look at it... Nothing concrete any of us would know or figure it out, but there is indeed an inherent risk for what you would like to do.
Oct 24, 2017, 7:54 pm
#1645
Join Date: Aug 2005
Location: HPN
Programs: not anymore! I'm FREE!
Posts: 3,459
Why don't you just open a Chase business card, like the Ink? You still earn UR points, and Chase should be perfectly fine with an enormous amount of business spending that looks like legitimate business spending (i.e., not manufactured spending).
Oct 26, 2017, 6:47 pm
#1646
Join Date: Oct 2012
Programs: AS MVP, BA
Posts: 299
The BA card is not subject to the 5/24 rule. As long as you haven't opened 2 chase cards in the last month you are probably good. How many chase cards do you have?
Oct 30, 2017, 1:58 pm
#1647
Join Date: Aug 2011
Programs: Marriott Gold, Hilton Diamond, Radisson Rewards Gold, Best Western Diamond Select
Posts: 1,856
reserve
sw premier
united explorer
freedom
freedom unlimited
I've had SW for 9 years and united for 5 years, freedom for 2 and the other 2 for 1
Last edited by slickvik; Oct 30, 2017 at 2:09 pm
Nov 1, 2017, 12:41 pm
#1649
Join Date: Aug 2011
Programs: Marriott Gold, Hilton Diamond, Radisson Rewards Gold, Best Western Diamond Select
Posts: 1,856
Nov 3, 2017, 2:03 pm
#1650
Join Date: Mar 2013
Location: Jackson, WY
Posts: 543
I have a personal United Club card that gets $7-$10k normal spend on it per month. Those points go right into United, not an issue.
I have over 820K UR points in my Chase Ink account. That account is totally normal spend $20k/month over about 15 card holders (medium sized business).
About 125k is from the Chase Sapphire Reserve from last year 100k signup bonus. I used it and abandoned that card. I don't think I will do anymore signups anymore with that kind of balance, to keep away from risk of shutdown.
I don't mind dumping 100k each into United and Hyatt but really don't know where to park the rest other than keeping them in the Chase account.
All total I have 3 chase cards. I will probably cancel the Chase Sapphire when the year is up. No MS at all on any card.
I know you all are going to say use them, I try. I've redeemed 4,050,000 points since I started tracking 4 years ago. I couldn't tell you how many were Chase points.
So here's my question: Am I at risk for confiscation/shutdown? It's starting to be enough points that I worry about it.
I have over 820K UR points in my Chase Ink account. That account is totally normal spend $20k/month over about 15 card holders (medium sized business).
About 125k is from the Chase Sapphire Reserve from last year 100k signup bonus. I used it and abandoned that card. I don't think I will do anymore signups anymore with that kind of balance, to keep away from risk of shutdown.
I don't mind dumping 100k each into United and Hyatt but really don't know where to park the rest other than keeping them in the Chase account.
All total I have 3 chase cards. I will probably cancel the Chase Sapphire when the year is up. No MS at all on any card.
I know you all are going to say use them, I try. I've redeemed 4,050,000 points since I started tracking 4 years ago. I couldn't tell you how many were Chase points.
So here's my question: Am I at risk for confiscation/shutdown? It's starting to be enough points that I worry about it.
