Last edit by: FreakingFlyer
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?
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?
2019 Shutdown Thread
#182
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,374
Tell me what rule was broken, please.
The fact that Discover says certain purchases don't earn rewards doesn't mean that you're breaking any rules by buying them. It's not our fault that Discover (and other CC issuers) don't follow their OWN rules and pay rewards when we buy prepaid cards.
The fact that Discover says certain purchases don't earn rewards doesn't mean that you're breaking any rules by buying them. It's not our fault that Discover (and other CC issuers) don't follow their OWN rules and pay rewards when we buy prepaid cards.
They are following their rules. It says that you don't get cash back for certain purchases, including gift cards.
What they see is someone abusing their card for cash back that they (Discover) shouldn't;t pay and you don't deserve.
So, congratulations on getting 3 years equivalent of cash back before they closed you down.
But don't be shocked that they did so.
As I said, you are not their customer of choice.
#183
Join Date: Oct 2013
Posts: 151
A credit line is the amount you can owe on a card at a particular time. If you have a $1000 CL and you charge $250, you can still charge $750 more--and if you pay the $250 you owe, you can then charge $1000 more. It's a LINE OF CREDIT--it's not a limit to how much you can spend per month.
#184
Join Date: Oct 2013
Posts: 151
Surprise!!
They are following their rules. It says that you don't get cash back for certain purchases, including gift cards.
What they see is someone abusing their card for cash back that they (Discover) shouldn't;t pay and you don't deserve.
So, congratulations on getting 3 years equivalent of cash back before they closed you down.
But don't be shocked that they did so.
As I said, you are not their customer of choice.
They are following their rules. It says that you don't get cash back for certain purchases, including gift cards.
What they see is someone abusing their card for cash back that they (Discover) shouldn't;t pay and you don't deserve.
So, congratulations on getting 3 years equivalent of cash back before they closed you down.
But don't be shocked that they did so.
As I said, you are not their customer of choice.
And, BTW, what's "abuse" generally means that the CC company doesn't like how many rewards you earn--despite the fact that it advertises "unlimited" rewards. The way to avoid that kind of "abuse" is to limit rewards. Otherwise, the CC company is guilty of fraud IMHO.
Last edited by Lobachevsky; Aug 2, 2019 at 11:59 am
#185
A credit line is the amount you can owe on a card at a particular time. If you have a $1000 CL and you charge $250, you can still charge $750 more--and if you pay the $250 you owe, you can then charge $1000 more. It's a LINE OF CREDIT--it's not a limit to how much you can spend per month.
A lot of the shut-downs are caused by CL cycling. If you cycle a Citi DC or Fidelity Visa with $20,000 CL 5 times a month, I'm sure Citi and Elan will shut you down in no time. That is a $2,000 loss for each card.
Same with BA Premium Rewards and other high rewards cards without any reward limits....
#186
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,668
Interesting. I sincerely wish you the good luck to cycle 5x or more of the CL.
A lot of the shut-downs are caused by CL cycling. If you cycle a Citi DC or Fidelity Visa with $20,000 CL 5 times a month, I'm sure Citi and Elan will shut you down in no time. That is a $2,000 loss for each card.
A lot of the shut-downs are caused by CL cycling. If you cycle a Citi DC or Fidelity Visa with $20,000 CL 5 times a month, I'm sure Citi and Elan will shut you down in no time. That is a $2,000 loss for each card.
#188
Join Date: Oct 2013
Posts: 151
Interesting. I sincerely wish you the good luck to cycle 5x or more of the CL.
A lot of the shut-downs are caused by CL cycling. If you cycle a Citi DC or Fidelity Visa with $20,000 CL 5 times a month, I'm sure Citi and Elan will shut you down in no time. That is a $2,000 loss for each card.
Same with BA Premium Rewards and other high rewards cards without any reward limits....
A lot of the shut-downs are caused by CL cycling. If you cycle a Citi DC or Fidelity Visa with $20,000 CL 5 times a month, I'm sure Citi and Elan will shut you down in no time. That is a $2,000 loss for each card.
Same with BA Premium Rewards and other high rewards cards without any reward limits....
#192
Also, for BA Premium Rewards, the top tier earn 2.625% cash back. I'm sure no swipe fees can cover that cost if you cycle it 5 times.
Last edited by RedSun; Aug 2, 2019 at 2:06 pm Reason: Addition.
#193
Suspended
Join Date: Sep 2016
Posts: 198
Surprise!!
They are following their rules. It says that you don't get cash back for certain purchases, including gift cards.
What they see is someone abusing their card for cash back that they (Discover) shouldn't;t pay and you don't deserve.
So, congratulations on getting 3 years equivalent of cash back before they closed you down.
But don't be shocked that they did so.
As I said, you are not their customer of choice.
They are following their rules. It says that you don't get cash back for certain purchases, including gift cards.
What they see is someone abusing their card for cash back that they (Discover) shouldn't;t pay and you don't deserve.
So, congratulations on getting 3 years equivalent of cash back before they closed you down.
But don't be shocked that they did so.
As I said, you are not their customer of choice.
#194
Join Date: Feb 2014
Posts: 42
I agree, I read through all the terms again and only mentioned point are Cash advances. Well then again banks will be banks,
Last edited by Abflying; Aug 3, 2019 at 11:05 am
#195
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,668
That assumes the cash back is a "Loss". But they do get money from swipe fees. I don't know exactly how much, but I'm sure it is enough that they aren't losing the entire $2000. Just googling it I see that swipe fees average around 2%, but are higher for premium credit cards.