what specifically did they say?

I've been with chase since 1998, still have the same checking account

I've gone through a TON of their CCs and currently hold about 5 of them +1 biz. I usually keep them for a while and don't dump ALL of them too quickly.

so far so good, but I don't really use them for too much MS, maybe your level of MS

I would suspect the business card MSing for the shutdown. Some of the banks are real sensitive when it comes to suspicious businesses. Your business becomes suspicious when business card spending just does not pass the sniff test. :cool:

I buy VGC locally for $5.95 fee per $500. It codes as a grocery/gas/department store credit depending where I buy it. I know that if you buy giftcards from giftcards.com you can personalize the cards and get your "debit" card in your name. The obvious perks of this would be when you unload it at walmart/target/whatever in the situation they would ask for ID. My concerns with buying giftcards from this site is being shutdown. If my bank saw that I have $xxxx.xx spent on that website wouldn't they get suspicious and shut me down for MS?

I think they may have become suspicious of my spending on my business card but not sure why the shutdown for my wife. She did only 65k on here 2 cards in the last 7 months.
We have never been late on payments, never made extra payments just what we owed using a mix of Walmart , serve and target bill pay services. Never went overboard , had a limit of about 120k among our 6 cards, fico score above 800 based on discover statements.

Question is will I ever be able to get a card from chase down the road?

Was that 65K all MS ?

In the future yes, But I would say not in the next two years, but you never know.

About 60k was MS.

Great, I will give it a shot after a couple of years.

So 30K MS per card in 7 months. So roughly 4K per month on each card.

I guess if all of the transactions were financial companies with loads between $500 - $1000 that could trigger an alert, or it was lots of staples.com orders.

I guess we just never really know.

The total credit exposure is on the high side. Then you have too many unidentifiable payment sources.

You should primarily pay from payment accounts, i.e. linked bank accounts to your Chase credit cards. Or at least over 50% from a real bank account. With those prepaid accounts and the WalMart Bill Pay, Chase has trouble figure out the source of payment and that is a no no from the bank's stand point.

The 2 to 3K monthly spend on Ink should not be an issue.

FICO score is irrelevant when it comes to risk management. Dont understand why so many keep thinking having a high FICO score should exempt them from something.

Not really.

It was definitely the MO for $11k. Where the hell do you get an $11k MO anyway?

You gotta use some common sense in this game. Keep all your transactions under $10k or you're asking for trouble.

I can see where people would get the idea that it matters. The score is supposed to indicate whether you can safely be trusted with credit after all.

Only when you apply for a card and it is just the first screening and definitely NOT the determinant factor.

Risk management involves a lot more than whether you can pay the bills - in this case, it is more whether you are involving in ML. With payment sources all unidentifiable, you are on the list of unwanted customers regardless of your ability to pay.

Many of those who have been FR'ed or shutdown believe it was because they let their utillization rise and their fico's fell, potentially indicating financial distress to FI's.

However, you are right that this does not mean that if one has a high FICO they can be immune to Adv Action.

I don't think it was a single $11k MO. More likely he sent in 5 $2k or 11 $1k MOs, or some combination. This alone would make it look even more suspicious frankly.

Maybe the folks are watching too many of those Experian television ads proclaiming that you get special treatment when you have a high credit score? They forget that Risk and AML officers don't watch television. These officers prefer to watch live entertainment in their dungeons.:p

ADK u r the bomb