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Originally Posted by Clueless12
(Post 30112290)
Are there any data points of people getting shut down for double dipping two chase cards on the same day (CSP/CSR and SW/SW)? Even if u double dip , try to reduce the credit limit asap , if u see it risky. If your overall credit limit is less than say 10 % ( my assumption) of your stated income with chase, then definitely i think u should be good. |
Well, my chs3 train has come to an end..... for now.
Haven't got the letter, but all accounts were shut down as of last Friday. I woke up to my Applepay saying it had removed all my cards from it and I was like, "That's weeeiiiiirddd.". Then I tried to buy gas .... denied. Me: "Uh Oh". Sure enough, Chs3 rep read the "Chs3 has ended its relationship w/ you.." statement. I guess I can protest / appeal once I get the the letter of severance which I assume has information on that. My stats: 1. SHUTdn by Bank: Chs3 2. Length of account before closure and CL: 1nk: ~4 years Fr3ed0m: ~2.5 years Fre3d0m Unlim (formaly Sapph pr3f): 6 years Fr3ed0m Unlim: 2 years Un1t3d: 7 years Sapphir3 R3s. 1+ years Sapph Pr3f: 2 years (only as a secondary account person from wife's account) 3. Average monthly account balance checking and savings? I don't bank w/ chs3 only had CC. 4. Volume of ms per month and how many months? Recently 25K/month. Mostly through Simon and when OD/OM running its deals. Been doing this much for ~ year. Gradually increased from ~5K about 4 years ago to the 25K now. 5. Cycle CL? Never 6. Did you BP using both options? If you mean sending $ though website and doing WM billpay, Yes. If you mean doing wally billlpay to V1sa and to chs3, then No. - 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? Possibly. The one curve ball that might have raised the flag on me was the fact that the card that I was secondary on was used super heavily one month due to my wife's not being able to use her go-to AM3-ex. She had to use it as her primary means of cc and got right up to the credit limit of the card. The usage jacked w/ my credit utilization % amount and dropped my credit score. She paid it off after a month and my score went right back to where it was, but for a month it dropped below 700. IDK. |
Originally Posted by chippy111
(Post 30119715)
Well, my chs3 train has come to an end..... for now.
Haven't got the letter, but all accounts were shut down as of last Friday. I woke up to my Applepay saying it had removed all my cards from it and I was like, "That's weeeiiiiirddd.". Then I tried to buy gas .... denied. Me: "Uh Oh". Sure enough, Chs3 rep read the "Chs3 has ended its relationship w/ you.." statement. I guess I can protest / appeal once I get the the letter of severance which I assume has information on that. My stats: 1. SHUTdn by Bank: Chs3 2. Length of account before closure and CL: 1nk: ~4 years Fr3ed0m: ~2.5 years Fre3d0m Unlim (formaly Sapph pr3f): 6 years Fr3ed0m Unlim: 2 years Un1t3d: 7 years Sapphir3 R3s. 1+ years Sapph Pr3f: 2 years (only as a secondary account person from wife's account) 3. Average monthly account balance checking and savings? I don't bank w/ chs3 only had CC. 4. Volume of ms per month and how many months? Recently 25K/month. Mostly through Simon and when OD/OM running its deals. Been doing this much for ~ year. Gradually increased from ~5K about 4 years ago to the 25K now. 5. Cycle CL? Never 6. Did you BP using both options? If you mean sending $ though website and doing WM billpay, Yes. If you mean doing wally billlpay to V1sa and to chs3, then No. - 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? Possibly. The one curve ball that might have raised the flag on me was the fact that the card that I was secondary on was used super heavily one month due to my wife's not being able to use her go-to AM3-ex. She had to use it as her primary means of cc and got right up to the credit limit of the card. The usage jacked w/ my credit utilization % amount and dropped my credit score. She paid it off after a month and my score went right back to where it was, but for a month it dropped below 700. IDK. |
Originally Posted by jeffeverde
(Post 30097536)
The only "unusual" activity preceding the invitation to leave was the deposit of a cash-advance check from one of the chs3 cc's, for $5k (against a 50k CL). The Dear John letter came 2 weeks later.
Talked to my personal banker in branch, and she was quite unhappy about it (we'd been discussing a refi on an 800k mortgage), but she said there was nothing she could do about it. That does seriously suck to have to move your bank accounts. The good news is that there are plenty of banks that would pay you more interest on your money. Thanks for the data point. |
Originally Posted by alvinroast
(Post 30123225)
You used a chase cash-advance check at the same time that you were discussing a refi? I look at cash advance deals to help me judge interest rate risk. Using a cash-advance check is basically telling that financial institution that you are a risk. This is a tool of the bank. It's only an emergency tool for you, and the price is a potential end to your relationship.
That does seriously suck to have to move your bank accounts. The good news is that there are plenty of banks that would pay you more interest on your money. Thanks for the data point. |
Originally Posted by devastitis
(Post 30123074)
how long did you use appl3 pay for? other than that, never used it. |
Originally Posted by jeffeverde
(Post 30124358)
Considering that I had a combined 120k in chs3 checking and savings for the past 4 years? It seems unlikely that making use of one of their 0% interest offers raised any red flags re: my financial stability
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Originally Posted by beast7276
(Post 30124644)
Why would you leave 120k sitting in a Chase savings/checking account?
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Originally Posted by jeffeverde
(Post 30130601)
my piggy bank was already full
Just say you don't care about the puny 1-2K annual interest as one only gets half of that after tax.:-) |
This is a Chase shut down question. So I haven’t read all the posts and I’ve actually never quite understood it all when it comes to credit card shut downs and so I’m going to ask this of those of you in here we’re willing to disclose it: I have been shut down by banks that are primarily in my area and also a couple of large ones like Bank of America and citi— and therefore also their credit card products. Most of this probably had to do with putting “too many” money orders in, whatever that arbitrary number may be. There are things that can trigger things and even if you think you’ve never had a problem but they eventually might. But I’ve never been shut down by Chase or American Express or Barklay. Yet. I’d say for churning, on a scale of 1 to 10 with 10 being the most, I was always probably ran a six or a seven at best. Back in the day I was probably a little envious that I wasn’t doing more. I would say I mostly did a lot of MS on the cards I had and even kept them as opposed to always signing up for new ones. But I did do it. Maybe I got lucky and it was when I stopped churning as opposed to the fact that I did it at all. So the question is, what do you think it was that primarily made it so that they shut you down from Chase? Was it a mistake or a glitch or being caught in the net or churning? why did I not get nabbed? i currently use and still buy gcs on these ccs: amexs ink jetblue flexperks |
Originally Posted by Marathon Man
(Post 30135433)
This is a Chase shut down question. So I haven’t read all the posts and I’ve actually never quite understood it all when it comes to credit card shut downs and so I’m going to ask this of those of you in here we’re willing to disclose it: I have been shut down by banks that are primarily in my area and also a couple of large ones like Bank of America and citi— and therefore also their credit card products. Most of this probably had to do with putting “too many” money orders in, whatever that arbitrary number may be. There are things that can trigger things and even if you think you’ve never had a problem but they eventually might. But I’ve never been shut down by Chase or American Express or Barklay. Yet. I’d say for churning, on a scale of 1 to 10 with 10 being the most, I was always probably ran a six or a seven at best. Back in the day I was probably a little envious that I wasn’t doing more. I would say I mostly did a lot of MS on the cards I had and even kept them as opposed to always signing up for new ones. But I did do it. Maybe I got lucky and it was when I stopped churning as opposed to the fact that I did it at all. So the question is, what do you think it was that primarily made it so that they shut you down from Chase? Was it a mistake or a glitch or being caught in the net or churning? why did I not get nabbed? i currently use and still buy gcs on these ccs: amexs ink jetblue flexperks |
Originally Posted by Marathon Man
(Post 30135433)
This is a Chase shut down question. why did I not get nabbed? |
Originally Posted by ChuckMango
(Post 30135519)
were you depositing mo's in chase checking or just churning/msing on their cards?
had em all and multiples at times too had checking for a while but closed it long ago never put an mo in there |
Originally Posted by Marathon Man
(Post 30135573)
no chase banks where i am in ma so only ms and churn ccs had em all and multiples at times too had checking for a while but closed it long ago never put an mo in there |
Originally Posted by ChuckMango
(Post 30135592)
So prolly that's why
but who knows |
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