Apr 6, 2017, 2:38 pm
Last edit by: ChrisFlyer66
This is the thread for 2017. The 2018 discussion can be found here.
When reporting/posting here please give as many details as you can or you will be asked for it anyways. Copy and paste the text below and alter as needed.
1. SHUTdn by Bank, Credit Card info. (@m3x, chs3 ,c1t1 and brcl@y)
2. Length of account before closure and CL?
3. Average monthly account balance checking and savings?
4. Volume of ms per month and how many months?
5. Cycle CL?
6. Did you BP using both options?
- BP by issuing bank (@m3x, chs3, c1t1 and brcl@y)
- BP by Vis/MC
7. Did you spell out the bank's full name in an internet forum?
When reporting/posting here please give as many details as you can or you will be asked for it anyways. Copy and paste the text below and alter as needed.
1. SHUTdn by Bank, Credit Card info. (@m3x, chs3 ,c1t1 and brcl@y)
2. Length of account before closure and CL?
3. Average monthly account balance checking and savings?
4. Volume of ms per month and how many months?
5. Cycle CL?
6. Did you BP using both options?
- BP by issuing bank (@m3x, chs3, c1t1 and brcl@y)
- BP by Vis/MC
7. Did you spell out the bank's full name in an internet forum?
2017 Shutdown Thread
May 10, 2017, 3:05 pm
#256
Join Date: Apr 2017
Posts: 284
So, one of the big banks just caused a CC shutdown. CFPBed for rewards points but they are stealing them. What other options has everyone used. I was planning on filling a BBB complaint. Maybe something with the State AGs office. Any other good options. Its not enough for me to both with small claims court, but I'd like to make the banks life uncomfortable.
May 10, 2017, 6:46 pm
#258
Join Date: Jul 2014
Posts: 3,688
with the 2xCB card, I can't remember the poster but I remember his post about getting shutdown while averaging $1500 CB for him and similar amount(?) for his wife. IIRC his CL was $10K and they cycled their CLs doing heavy MS. I hope he reads this and chimes in to let us know if he got back all of his CBs which were confiscated at shutdown.
May 10, 2017, 6:52 pm
#259
Join Date: Jul 2014
Posts: 3,688
how much CBs did they confiscate from you? what was your CL and how many times did you cycle it consistently for how many months? If let's say, you cycled $5K ten times or more, no wonder you'll get flagged but let's say your CL is $25K cycled one and a half times, they might let that slide. Of course, that's pure conjecture on my part but I really think for those they give low CLs that are cycled heavily, it'll just be a matter of time before they decide enough is enough.
May 11, 2017, 6:37 am
#262
Join Date: Jul 2014
Posts: 3,688
I was planning on filling a BBB complaint.
the last time I forced the same bank to respond to me in my favor was when I filed complaint to CFPB regarding the miles I earned on a checking account.
May 11, 2017, 8:02 am
#263
Join Date: Mar 2015
Location: Cincinnati
Programs: AA, Hyatt
Posts: 371
with the 2xCB card, I can't remember the poster but I remember his post about getting shutdown while averaging $1500 CB for him and similar amount(?) for his wife. IIRC his CL was $10K and they cycled their CLs doing heavy MS. I hope he reads this and chimes in to let us know if he got back all of his CBs which were confiscated at shutdown.
May 11, 2017, 9:23 am
#264
Join Date: May 2015
Posts: 1,066
I did but its not like c@p1 or b@cl@ay where it becomes available immediately. There is a lag since it doesn't become available until statement and then another portion isn't available until after payment. So anyone that gets shutdown is going to have a good 2 months of revoked CB
May 11, 2017, 11:30 am
#265
Join Date: Jul 2014
Posts: 3,688
I did but its not like c@p1 or b@cl@ay where it becomes available immediately. There is a lag since it doesn't become available until statement and then another portion isn't available until after payment. So anyone that gets shutdown is going to have a good 2 months of revoked CB
To avoid orphaned CBs, my strategy since I started is to PIF on or before statement cut-off date so I get the full 2% which I DD immediately to my bank on file. I make my own calculations to see if it matches the posted CB. I'm on year 3, so far, so good.
May 11, 2017, 1:43 pm
#266
Join Date: Jan 2016
Posts: 90
I did but its not like c@p1 or b@cl@ay where it becomes available immediately. There is a lag since it doesn't become available until statement and then another portion isn't available until after payment. So anyone that gets shutdown is going to have a good 2 months of revoked CB
charge. pay.
rinse.repeat.redeem.
May 13, 2017, 9:37 am
#268
Join Date: Mar 2014
Location: NYC
Programs: DL Platinum, AA Plat Pro, Bonvoy Lifetime Platinum, JetBlue Mosaic 3, Amtrak Select
Posts: 966
May 18, 2017, 6:52 pm
#269
Join Date: Apr 2016
Programs: Ugly breakups with Barclays/Citi/Chase/USB
Posts: 48
I'm interested in paying for a replacement for FT. 10k+ with a solid history of no AA.
May 18, 2017, 7:20 pm
#270
Join Date: Jun 2004
Location: IAD
Programs: All of them to one degree or another
Posts: 447