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
#437
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,929
Yes that's the problem the past year or so, no need to provide more breadcrumbs for the rats to follow.
#438
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
#439
Join Date: Jan 2017
Posts: 79
hey davy, mind giving us a few more details of your situation? cant believe just MSing MSR got shut down even with eyes on accounts. cant imagine MSR of 1k-4k+ being a huge issue. but i dont like what i am reading. what do you think as the main reason? MS INK+ or CIP at all? assuming u didnt depo MO.
#440
Join Date: May 2015
Posts: 1,066
They had a few reasons on the letters they sent out but I recall "rapidly increasing balances" being the common theme. CIP/CSR/CSP/United. It may have been a combination of factors and maybe they would have overlooked the MSing but I believe I was considered high risk due to too many new accounts, rapidly increasing balances and the obvious MSing may have been the tipping point. I did file a cfpb to no avail.
#441
Join Date: Sep 2017
Location: SFO/LAX/SAN/LAS/DFW/JFK/LGA/EWR/MIA
Posts: 1,073
They had a few reasons on the letters they sent out but I recall "rapidly increasing balances" being the common theme. CIP/CSR/CSP/United. It may have been a combination of factors and maybe they would have overlooked the MSing but I believe I was considered high risk due to too many new accounts, rapidly increasing balances and the obvious MSing may have been the tipping point. I did file a cfpb to no avail.
"rapidly increasing balances" seems to be the common theme for many Chase shutdowns, but its more about high spending spikes outside the norm. u only did MSR. or you let ur cards close with high balances which showed up on the CR? doesnt sound like it.
you just did MSR which is low vol IMHO. thats why i was shocked to see your DP. very concerning. however, ur DP is just like all others during the massive chase sweep back in Q2 when many got shutdown but reinstated. its a shame u didnt get that chance. sorry to hear man. that really sucks.
many others had worse stats compared to u filling out the 5/24 slots ASAP and hitting MSR for the free trip to HI during the summer. everyone was warned. i am surprised reinstatement was even allowed. sorry to hear man.
#442
Join Date: Jan 2017
Posts: 79
I may have left it too long to do the CFPB as I wasnt aware I could even do that until I read it on a thread here 2 months later. I do remember having about 2K pending in Safeway VGCS on one of the cards at the time I got the letter. I paid each off before statement close each month but as mentioned earlier the returned payments due to the incorrect banking info was the killer. I even spoke to someone at the bank and he listed the reasons in the letters for the shutdown. One nice thing was that I had just reached min spend on my CSP just as I was shutdown and was not sure if I would get the bonus. A few weeks later the points posted which I was surprised about. They do try to be as helpful as possible while cutting your legs off at the knees!
#443
Join Date: Sep 2017
Location: SFO/LAX/SAN/LAS/DFW/JFK/LGA/EWR/MIA
Posts: 1,073
I may have left it too long to do the CFPB as I wasnt aware I could even do that until I read it on a thread here 2 months later. I do remember having about 2K pending in Safeway VGCS on one of the cards at the time I got the letter. I paid each off before statement close each month but as mentioned earlier the returned payments due to the incorrect banking info was the killer. I even spoke to someone at the bank and he listed the reasons in the letters for the shutdown. One nice thing was that I had just reached min spend on my CSP just as I was shutdown and was not sure if I would get the bonus. A few weeks later the points posted which I was surprised about. They do try to be as helpful as possible while cutting your legs off at the knees!
sure, the returned payments triggered a manual review, but wish you had CFPBed earlier! hope other banks are enough for your plans. if you use other SSN for chase, make sure they are not ur address or AU or anything related to ur SSN. they will get shut down too.
#444
Join Date: Oct 2013
Posts: 483
More details: We used Ink Jan-April and then ordered from Staples in August for $1235 and that was it. We did the MSR on Hyatt in June. We used FU a little for regular spend and then went for it.
#445
Join Date: Sep 2017
Location: SFO/LAX/SAN/LAS/DFW/JFK/LGA/EWR/MIA
Posts: 1,073
but i guess simon for 2K 2 mnths then 5K 2 mnths on FU was too "consistent behavior of MS" for chase. thats my only guess + eyes on account w/ WM promo unless your CL was at 5k. then that means you were close to CL often.
#446
Join Date: Apr 2010
Posts: 137
1. SHUTdn by : UFB Direct
2. Length of account before closure and CL? 3 Yrs
3. Average monthly account balance checking and savings? few hundred
4. Volume of ms per month and how many months? 2k-3k
5. Cycle CL? no
6. Did you BP using both options? Yes
UFB send standard letter of 30 day closer.
2. Length of account before closure and CL? 3 Yrs
3. Average monthly account balance checking and savings? few hundred
4. Volume of ms per month and how many months? 2k-3k
5. Cycle CL? no
6. Did you BP using both options? Yes
UFB send standard letter of 30 day closer.
#447
Join Date: Sep 2005
Programs: Northwest, United
Posts: 3,256
Here's your red flag:
You said previously you were not credit cycling, but if you routinely ran up a balance and paid it off before your statement closed, then credit cycling is exactly what you were doing. Were you doing that regularly, and on more than one card? Highly suspicious, a big red flashing "RISK" that screams "Look at me!!!" and IMHO almost certainly what brought the smackdown.
I may have left it too long to do the CFPB as I wasnt aware I could even do that until I read it on a thread here 2 months later. I do remember having about 2K pending in Safeway VGCS on one of the cards at the time I got the letter. I paid each off before statement close each month but as mentioned earlier the returned payments due to the incorrect banking info was the killer. I even spoke to someone at the bank and he listed the reasons in the letters for the shutdown. One nice thing was that I had just reached min spend on my CSP just as I was shutdown and was not sure if I would get the bonus. A few weeks later the points posted which I was surprised about. They do try to be as helpful as possible while cutting your legs off at the knees!
#448
Join Date: Jan 2017
Posts: 79
Here's your red flag:
You said previously you were not credit cycling, but if you routinely ran up a balance and paid it off before your statement closed, then credit cycling is exactly what you were doing. Were you doing that regularly, and on more than one card? Highly suspicious, a big red flashing "RISK" that screams "Look at me!!!" and IMHO almost certainly what brought the smackdown.
You said previously you were not credit cycling, but if you routinely ran up a balance and paid it off before your statement closed, then credit cycling is exactly what you were doing. Were you doing that regularly, and on more than one card? Highly suspicious, a big red flashing "RISK" that screams "Look at me!!!" and IMHO almost certainly what brought the smackdown.
#449
Join Date: Apr 2017
Posts: 284
Here's your red flag:
You said previously you were not credit cycling, but if you routinely ran up a balance and paid it off before your statement closed, then credit cycling is exactly what you were doing. Were you doing that regularly, and on more than one card? Highly suspicious, a big red flashing "RISK" that screams "Look at me!!!" and IMHO almost certainly what brought the smackdown.
You said previously you were not credit cycling, but if you routinely ran up a balance and paid it off before your statement closed, then credit cycling is exactly what you were doing. Were you doing that regularly, and on more than one card? Highly suspicious, a big red flashing "RISK" that screams "Look at me!!!" and IMHO almost certainly what brought the smackdown.
#450
Join Date: Aug 2014
Location: BOS
Posts: 550
CL cycling involves spending that's higher than the available CL. I have cards with good rewards on certain categories but low CL and I tend to pay those off before the statement is generated so that 50-70% CL utilization on a given account does not get reported to credit agencies and my credit score does not take a temporary hit.