Sep 6, 2019, 8:04 am
Last edit by: StartinSanDiego
Chase Shut Down thread: (Archived version found here: https://www.flyertalk.com/forum/chase-ultimate-rewards/1526572-chase-closed-my-credit-card-account-s-consolidated.html]
There is a general Shut Down thread in the Manufactured Spend forum, found here: https://www.flyertalk.com/forum/manufactured-spending/1948543-2019-shutdown-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/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
What happened?
When someone reports an account closure here, people are curious as to both the background on the Chase relationship and any/all potential shut down triggers. Please answer any relevant questions to give details. This could help figure out what happened or how you could proceed:
There is a general Shut Down thread in the Manufactured Spend forum, found here: https://www.flyertalk.com/forum/manufactured-spending/1948543-2019-shutdown-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/
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
What happened?
When someone reports an account closure here, people are curious as to both the background on the Chase relationship and any/all potential shut down triggers. Please answer any relevant questions to give details. This could help figure out what happened or how you could proceed:
- Background: Do you have both Credit Cards and Banking accounts with Chase? Tell us your history at Chase. What do you feel the trigger could have been? Does anything unusual (from the bankers perspective) go on in your accounts? How long have you had a banking relationship with Chase? Please explain.
- Ultimate Rewards: Did you transfer UR points to someone with a different address? Different last names? Did you sell UR points to someone?
- Potentially suspicious activities: Do you use multiple sources to pay your credit card bills, such as Walmart Bill Pay? Do you ACH using multiple accounts? Did you recently wire transfer large amounts into or out of your Chase accounts?
- Bonus Earnings: Approximately what percentage of your charges earned less than 5x points in the past 12 months?
- Other possible Triggers:
- 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 or cycling the credit lines 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 recently? 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? Do you mimic a "bust out" profile? (Someone maxing out credit prior to filing bankruptcy)
- 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?
- Did you abuse the Chase Refer a Friend system?
- Did you use/abuse Chase's new checking/savings sign up bonus incentives?
- Did you bounce a check for a credit card payment?
- DId someone at your address get shut down also?
- Do you have a Chase mortgage or other accounts at Chase? Are they in good standing?
- Did you dispute or return items on your credit cards? How many times?
- Have you recently needed back office help on your accounts, which may have triggered a review or called attention to something?
Chase Shut Downs & Credit-Card Account Closures: Data, Tales & Speculation 2019-on
Jan 14, 2020, 12:20 pm
#166
FlyerTalk Evangelist
Join Date: Dec 2003
Location: Not here; there!
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Posts: 30,449
Jan 14, 2020, 12:33 pm
#167
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,094
That may depend on the prison, but most prisons tend to remove executed or otherwise dead prisoners out of prisons sooner or later.
Chase has at times allowed customers to again open up accounts with Chase after initially firing them and not wanting their business for years and years. But I’m speaking of accounts that weren’t shutdown for UR “violations”.
Chase has at times allowed customers to again open up accounts with Chase after initially firing them and not wanting their business for years and years. But I’m speaking of accounts that weren’t shutdown for UR “violations”.
Jan 14, 2020, 12:38 pm
#168
FlyerTalk Evangelist
Join Date: Dec 2003
Location: Not here; there!
Programs: AA Lifetime Gold
Posts: 30,449
Yes, that's true. But in some prisons, if the deceased prisoner's body is not claimed by family, it gets buried in the prison's own cemetery.
Jan 14, 2020, 1:11 pm
#169
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,094
edulik, don’t be one of those prisoners.
0-5 years later, you may get a fresh start after the c. 10 year banishment.
Jan 14, 2020, 2:16 pm
#171
Join Date: Jan 2020
Posts: 13
For last few years I was able to get cards after I was declined with different status (not credit score or something similar) I was able to convince them for several cards and now with this status they say they can't change it to something else. I don't know what people in branch can do.
Jan 14, 2020, 4:16 pm
#172
Join Date: Aug 2017
Posts: 215
For last few years I was able to get cards after I was declined with different status (not credit score or something similar) I was able to convince them for several cards and now with this status they say they can't change it to something else. I don't know what people in branch can do.
Jan 15, 2020, 10:56 am
#173
Moderator: Travel Buzz
Join Date: Aug 2012
Location: Sunny San Diego
Posts: 3,121
Hi [MENTION=10070851]edulik[/MENTION], and welcome to FT.
Please follow your topic as it merges with the master thread on Chase shut downs.
Jan 19, 2020, 11:37 pm
#175
Join Date: Jan 2017
Posts: 126
This seems to me like a good place to ask this question, (and I'm fully aware that any answer can only be speculation based on previous DP's).
I'm out of the country at the moment and returning to the US in 2 days
While on my annual 3 month holiday I've been informed my Business and personal checking accounts at a smallish regional bank will be closed for suspected ML 2 days after I return. No whining or crying from me about this, since before I even started MS'ing I read extensively about the game and I knew I should have been smart and only deposited MO's @ a throwaway bank. The previous head teller, (who is now the branch manager at a different branch), was actually VERY helpful here because the closure was supposed to happen a month ago but he got in touch with me through my daughter and managed to put the closure off until after I return. A valuable lesson I can learn from, so no problemo.
Since I've been looking at what bank to open a new Business Checking account at, (and another throwaway bank for MO deposits), I've come across DOC's Bank SUB page. Sure looks like easy money to me.
I have no need or interest in actually "Banking" at a large, national commercial bank. However, one deal pops out to me @ Chase, $500 for $2,500 parked for 6 months and only 5 or 6 debit card purchases to meet the requirements for bonus and be fee free. If I choose to take this easy $500. I would not actually use this account as my primary Business checking, (but would show them enough vanilla usage to avoid any questions arising). I say this because I usually deposit between 700K-800K in cash yearly from my business, and I'm sure their currency transaction fees are ridiculous, LOL..
My concern is that I value my Chase CC portfolio highly, and my 2.5MM+ UR's which I would NOT want to redeem for a pitiful $25K in the event of a Bank-side shutdown leading to CC shutdown.
FWIW, I've read all the Chase shutdown threads here completely, (including the archived threads), and I don't believe I'm even close to being at risk of shutdown due to CC usage/acquisition.
We all know that a CC app @ Chase will almost always result in a secondary underwriting review even if it's an auto-approval.
So my question is, is anybody here aware of any circumstances whereby a simple opening of a Business Checking account @ Chase caused a human review on the CC side of the bank?
Obviously, if they tried to sell me a CC off the soft pull and I took them up on it that would be different.
I'm out of the country at the moment and returning to the US in 2 days
While on my annual 3 month holiday I've been informed my Business and personal checking accounts at a smallish regional bank will be closed for suspected ML 2 days after I return. No whining or crying from me about this, since before I even started MS'ing I read extensively about the game and I knew I should have been smart and only deposited MO's @ a throwaway bank. The previous head teller, (who is now the branch manager at a different branch), was actually VERY helpful here because the closure was supposed to happen a month ago but he got in touch with me through my daughter and managed to put the closure off until after I return. A valuable lesson I can learn from, so no problemo.Since I've been looking at what bank to open a new Business Checking account at, (and another throwaway bank for MO deposits), I've come across DOC's Bank SUB page. Sure looks like easy money to me.
I have no need or interest in actually "Banking" at a large, national commercial bank. However, one deal pops out to me @ Chase, $500 for $2,500 parked for 6 months and only 5 or 6 debit card purchases to meet the requirements for bonus and be fee free. If I choose to take this easy $500. I would not actually use this account as my primary Business checking, (but would show them enough vanilla usage to avoid any questions arising). I say this because I usually deposit between 700K-800K in cash yearly from my business, and I'm sure their currency transaction fees are ridiculous, LOL..
My concern is that I value my Chase CC portfolio highly, and my 2.5MM+ UR's which I would NOT want to redeem for a pitiful $25K in the event of a Bank-side shutdown leading to CC shutdown.
FWIW, I've read all the Chase shutdown threads here completely, (including the archived threads), and I don't believe I'm even close to being at risk of shutdown due to CC usage/acquisition.
We all know that a CC app @ Chase will almost always result in a secondary underwriting review even if it's an auto-approval.
So my question is, is anybody here aware of any circumstances whereby a simple opening of a Business Checking account @ Chase caused a human review on the CC side of the bank?
Obviously, if they tried to sell me a CC off the soft pull and I took them up on it that would be different.
Last edited by Chris58; Jan 19, 2020 at 11:39 pm Reason: Spelling error
Jan 20, 2020, 7:34 am
#176
Join Date: Sep 2011
Posts: 1,857
Don't even think about opening a Chase banking account. One look at your chex report and they can shut down their entire banking relationship with you, including credit cards.
Jan 20, 2020, 11:14 am
#177
Join Date: Jan 2013
Posts: 1,441
My wife has had a CSR for a few years and I've been an authorized user. So far, no problems. I've been over 5/24 for some time, but it's getting close to where I'll be 0/24, and I'm thinking of applying for my own CSR. But as I get closer, I'm wondering if it's even worth it. The initial points bonus will be nice (I've never had a CSR before), but I don't know if I'll get the value of the AF. For both of us, the AF costs will be $1,100 (-$600 travel credit) = $550.
I'm also interested in the United Club Card, since Club membership is a good value to me and is not included on the CSR. But about 5 years ago, I had the United Explorer Card and received the bonus miles.
If I do get the CSR or the UCC, will that raise red flags about Chase closing our accounts? Thanks.
I'm also interested in the United Club Card, since Club membership is a good value to me and is not included on the CSR. But about 5 years ago, I had the United Explorer Card and received the bonus miles.
If I do get the CSR or the UCC, will that raise red flags about Chase closing our accounts? Thanks.
Jan 20, 2020, 4:56 pm
#178
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,202
My wife has had a CSR for a few years and I've been an authorized user. So far, no problems. I've been over 5/24 for some time, but it's getting close to where I'll be 0/24, and I'm thinking of applying for my own CSR. But as I get closer, I'm wondering if it's even worth it. The initial points bonus will be nice (I've never had a CSR before), but I don't know if I'll get the value of the AF. For both of us, the AF costs will be $1,100 (-$600 travel credit) = $550.
I'm also interested in the United Club Card, since Club membership is a good value to me and is not included on the CSR. But about 5 years ago, I had the United Explorer Card and received the bonus miles.
If I do get the CSR or the UCC, will that raise red flags about Chase closing our accounts? Thanks.
I'm also interested in the United Club Card, since Club membership is a good value to me and is not included on the CSR. But about 5 years ago, I had the United Explorer Card and received the bonus miles.
If I do get the CSR or the UCC, will that raise red flags about Chase closing our accounts? Thanks.
Jan 20, 2020, 7:17 pm
#179
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,880
What is more worrisome is the Early Warning System report. That is where the poster should check to make sure.
<<EWS was created more than 25 years ago as a joint effort by several major banking institutions, including Bank of America, Capital One, Chase, and Wells Fargo. Today, its network includes about 2,500 financial institutions, government entities, and payment companies. That means that when you apply for a bank account, the bank may pull your EWS report and may deny your application if it finds negative EWS items.>>
https://letmebank.com/early-warning-services/
https://www.keypointcreditservices.c...-services-ews/
https://www.earlywarning.com/consumer-information
It is a much lesser known report banks also use. I only learned about such reporting system existed when several years ago someone posted on FT about Wells Fargo closed his newly opened bank account, citing the decision was based on information found on EWS.
Last edited by Happy; Jan 20, 2020 at 7:23 pm
Jan 20, 2020, 7:42 pm
#180
Join Date: Jan 2017
Posts: 126
I have to ask why I should be concerned about what Chex might have on file about me.
I'm very familiar with FICO scores and how to maximize them, but I know nothing about Chex.
My understanding is that Chex is the "Bank Account Equivalent" of credit risk models like FICO, (but is just based on banking history).
I can't imagine how there could be anything even remotely negative about my banking history on file.