DeltaNeutral28

Depends what you're sitting on. I think a lot of us during Covid were worried about stockpiling UR's as we couldn't use them and then the birth of the PYB platform alleviated that. If I am sitting on a small balance I would buy as many as I could at .013 because the redemption for dining is .015, an easy, guaranteed spread at minimum. If I'm sitting on a million UR, I'm passing unless I know I want to take a 500k-1M UR trip and want all the discounts I can get, and knowing that you can get .02x easily on Chase transfer partners. All about what you currently have and what your short term needs are. Any program can get devalued in the blink of an eye so I usually have a 3-6 month outlook. Any issuer can also change their criteria to "get eyes on your account" too, so while things may be easier now, they can crack down at any point, and with Chase, that would be the Ink line and OSS however they were smart enough to cap their losses from day 1 on that with earning limits.

pkerr

Thanks for the link.
Based on my reading, I think my chance for an audit would be pretty low as the vast majority of my purchases are "valid" as opposed mfg spending. Though I do admit to buying Office Depot GC when they go on sale (which isn't to often) Other than that, it's just a combination of things I have mentioned before a 3-t years of saving points instead of transferring them to various partner programs.

RNE

If you read what I said, you'll see it has nothing to do with specific purchases or spending; it's solely about your balance, which as it grows increases the chance of eyes on your account (something axiomatically undesirable). Should you worry? I didn't when I stockpiled well over a million URs. But I was aware of the risk, no matter how slight.

RNE, wishing you well on your big Europe trip next year.

pkerr

Thanks for the info. Much appreciated.
Let's assume they do an audit. Is it truly an audit where they are trying to determine if you are partaking in an shenanigans or is a mere formality and they will close you down regardless as to what they find. And maybe there is no answer to this hypothetical... just curious if someone ever "survived one.
And thank you for your kind words. We had a pretty epic trip 4 years ago. Hoping this next one can match it.

RNE

Correct. Chase closes accounts only when it thinks* is has good reason to do so. Merely having a large UR balance is no such reason. Its only risk, as I said, is bringing eyes on account.

*On rare occasion, innocent actions/transactions can appear otherwise and Chase may act on that misimpression. Like I said, this is rare. Don't worry about it.

pkerr

Thanks for all the helpful information!