Originally Posted by Lobachevsky (Post 31372511)

Moi Where did I ever say the banks lose money by offering rewards cards?

If the banks lose money, why would they raise anyone's credit limit for active spending (which is what many do)?

And, getting back to the earlier discussion, if the banks thought a credit limit should be the limit for a month's spending on a card, they could easily program it in. Simply don't make any more credit available, regardless of payments, until after the monthly statement closes.

Originally Posted by RedSun (Post 31372961)

Then sure just cycle the CL. Good luck. At least I get chance to see the light and won't get shut-down with the cycling. :p

There are always some people who just like to argue....

Originally Posted by Jaffarr1990 (Post 31410939)

Reporting a closure that came as a surprise to me (even though I heavy hit). Had 3 cards with Cap1 and all shut down (venture, spark business, and platinum). Nothing apart from organic spend on spark and platinum, I was heavy hitting on the venture, several years now, about 240k+ monthly. Spoke with them early on when I first opened card several years back and it was all fine with them. Oldest card was the platinum at ~6 years. Never carried a balance and was always cycling my CL (so it’s no duh). Possibly with all this crap that went on with their cyber hack, perhaps accounts got a closer look (maybeee...). I think what caused my case, because I’ve gone years with no issues, is greed. With new limits on gcm ordering, it became more difficult to order over 10k a day in gift cards, so my friend and I discovered that cap1, unlike chs, will issue an entirely different cc number for authorized users on the account, and this enables you to purchase more from the same account on gcm in a single day, to reduce turnaround time, because gcm tracks orders and limits them by cc number now. Never talked about my spending until now online. CL 30k on venture, 20k spark and 5k platinum. Proceed with caution. Mine could be because of heavy hitting, but confused as to why I went so long if that’s the case...received letter in the mail stating “my spending habits did not match their requirement of normal household spending” blah blah.

Originally Posted by farwest101 (Post 31420821)

Cycling a CL is no big deal. 3-4x is no sweat. 10x a month takes discipline.

Originally Posted by RedSun (Post 31421114)

Again, you do not have to fight me. Read the DPs about all the shut-downs.

Originally Posted by farwest101 (Post 31421186)

Sigh. You.can keep yapping on about this but doesn't change reality. There are thousands who MS - only a handful report shutdowns - and there's almost always a reason besides cycling that causes it (usually having to do with payments - multiple online debits, anonymous moneygram billpays, paying directly with MOs, bounced check etc etc). Most banks dont care about cycling so long as the payments can be traced for AML/KYC regulations.

Originally Posted by farwest101 (Post 31421186)

Sigh. You.can keep yapping on about this but doesn't change reality. There are thousands who MS - only a handful report shutdowns - and there's almost always a reason besides cycling that causes it (usually having to do with payments - multiple online debits, anonymous moneygram billpays, paying directly with MOs, bounced check etc etc). Most banks dont care about cycling so long as the payments can be traced for AML/KYC regulations.

Originally Posted by DjRocket (Post 31421527)

If my CapOne gets shut down, I'll hold you personally responsible : )

Originally Posted by RedSun (Post 31422504)

Some people just play fire and hope won't be caught. Some people have to since they do like $300,000 to $500,000 MS per month and they can't get that much total CL. All the huge volume MS activities can easily catch someone's eye, particularly something happens like a fraud alert or returned payment etc. Then it triggers the manual review and the entire shut-down.

This is not getting shut down outright, but managing the risk of getting shut down.

Originally Posted by TalkingPoint (Post 31428318)

It all depends on the card product and bank. There are certain banks that don't flag cycling that I cycle many times every month. On the other hand, there are banks that do flag cycling and will shut you down after a few months of just 3x cycling. The same applies for anything. There are banks that will accept unlimited MO deposits, and there are banks that will shut you down for just about nothing.

Originally Posted by RedSun (Post 31449174)

Would cycling CL increases risk of getting shut down?

Originally Posted by horseymen (Post 31450754)

I never got shut down, but my mall quit paying out rewards. They blocked that like AMEX did. Strug-guh-ling.

Originally Posted by ChrisFlyer66 (Post 31451813)

Which card were you using that stopped earning rewards at Simon like Amex?

Originally Posted by jk2 (Post 31452729)

I heard Alliant visa is doing this.