Jan 1, 2019, 2:14 pm
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
Jun 6, 2019, 5:15 pm
#151
Join Date: Mar 2016
Posts: 49
Is account closure by a bank noted on EWS/Chex and does it have a negative effect on future accounts?
Jun 17, 2019, 12:30 pm
#152
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,550
I recently had a shutdown, which led to me filing an arbitration. I'm not at liberty to discuss the vendor nor the terms of the settlement, but there is something that came up that might be useful.
The attorney representing the vendor is not an employee of the vendor, but said he does a lot of work for them. He said that his impression was that the main factor in my shutdown was the use of Checkfree Pay to pay the bill. The vendor didn't know where that money was coming from so it represented a compliance risk.
Interestingly, in this case, most of my payments were coming from a bank, and CFP was only a relatively small portion ($10K/mo).
The attorney representing the vendor is not an employee of the vendor, but said he does a lot of work for them. He said that his impression was that the main factor in my shutdown was the use of Checkfree Pay to pay the bill. The vendor didn't know where that money was coming from so it represented a compliance risk.
Interestingly, in this case, most of my payments were coming from a bank, and CFP was only a relatively small portion ($10K/mo).
Jun 17, 2019, 1:29 pm
#153
Join Date: Jul 2014
Posts: 3,688
I have been loading to several prepaids fee-free that's why I've not been doing B/P and MO for the last 90 days. I noticed that among banks I used to do WMBP, it is only c1t1 that posts as no bank name found while chs (last pymt a year ago) and disc (last pymt was end of Feb) posts the bank name with last 4 digits of account CFP has set up for me. I noticed all payments to different CCs were coming from the same bank acct when I did CFP via WMBP.
Jun 18, 2019, 1:04 am
#154
Join Date: Oct 2012
Posts: 970
I recently had a shutdown, which led to me filing an arbitration. I'm not at liberty to discuss the vendor nor the terms of the settlement, but there is something that came up that might be useful.
The attorney representing the vendor is not an employee of the vendor, but said he does a lot of work for them. He said that his impression was that the main factor in my shutdown was the use of Checkfree Pay to pay the bill. The vendor didn't know where that money was coming from so it represented a compliance risk.
Interestingly, in this case, most of my payments were coming from a bank, and CFP was only a relatively small portion ($10K/mo).
The attorney representing the vendor is not an employee of the vendor, but said he does a lot of work for them. He said that his impression was that the main factor in my shutdown was the use of Checkfree Pay to pay the bill. The vendor didn't know where that money was coming from so it represented a compliance risk.
Interestingly, in this case, most of my payments were coming from a bank, and CFP was only a relatively small portion ($10K/mo).
Jun 26, 2019, 8:07 pm
#155
Join Date: Jul 2013
Programs: Marriott Tit, Hyatt Diamond, AA EXP, UA Silver, IHG Plat
Posts: 427
Sorry to be "that guy", but I've a question about the likelihood of a shutdown.
Two Ch@se Biz cards for a legit business:
CI Plus 7.5k CL: 2.5k (VGC @ Staples) & 5k non-bonus ($2k in straight GC and $500 on Amazon cards)
CI Preferred 40k CL: 15k in ads x3 & 25k non-bonus
My worry is hitting the credit line or going over, and thus I'm cycling. Also, I'm killing the 3x ad spend (which is legitimate), but am afraid this will get my account looked at due to its high proportion of spend, and thus lead to scrutiny.
The amounts are small, compared to what I see around here, so please don't laugh
If you made it this far, I have one more ask. Assuming I ramp slowly, how high could I get without worrying too much? Don't worry, I won't hold you to it when I get shut down!
Two Ch@se Biz cards for a legit business:
CI Plus 7.5k CL: 2.5k (VGC @ Staples) & 5k non-bonus ($2k in straight GC and $500 on Amazon cards)
CI Preferred 40k CL: 15k in ads x3 & 25k non-bonus
My worry is hitting the credit line or going over, and thus I'm cycling. Also, I'm killing the 3x ad spend (which is legitimate), but am afraid this will get my account looked at due to its high proportion of spend, and thus lead to scrutiny.
The amounts are small, compared to what I see around here, so please don't laugh
If you made it this far, I have one more ask. Assuming I ramp slowly, how high could I get without worrying too much? Don't worry, I won't hold you to it when I get shut down!
Last edited by drewp123; Jun 26, 2019 at 9:10 pm
Jun 26, 2019, 9:01 pm
#156
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,672
Sorry to be "that guy", but I've a question about the likelihood of a shutdown.
Two Ch@se Biz cards for a legit business:
CI Plus 7.5k CL: 2.5k GC & 5k non-bonus ($2k in straight GC and $500 on Amazon cards)
CI Preferred 40k CL: 15k in ads x3 & 25k non-bonus
My worry is hitting the credit line or going over, and thus I'm cycling. Also, I'm killing the 3x ad spend (which is legitimate), but am afraid this will get my account looked at due to its high proportion of spend, and thus lead to scrutiny.
The amounts are small, compared to what I see around here, so please don't laugh
If you made it this far, I have one more ask. Assuming I ramp slowly, how high could I get without worrying too much? Don't worry, I won't hold you to it when I get shut down!
Two Ch@se Biz cards for a legit business:
CI Plus 7.5k CL: 2.5k GC & 5k non-bonus ($2k in straight GC and $500 on Amazon cards)
CI Preferred 40k CL: 15k in ads x3 & 25k non-bonus
My worry is hitting the credit line or going over, and thus I'm cycling. Also, I'm killing the 3x ad spend (which is legitimate), but am afraid this will get my account looked at due to its high proportion of spend, and thus lead to scrutiny.
The amounts are small, compared to what I see around here, so please don't laugh
If you made it this far, I have one more ask. Assuming I ramp slowly, how high could I get without worrying too much? Don't worry, I won't hold you to it when I get shut down!
Jul 10, 2019, 12:13 pm
#157
Join Date: Mar 2017
Posts: 161
1. Capital One Ventrue
2. 8 years
3. 2k Checking
4. 20-30K
5. No Cycle
6. No BP
Logged into my account and wife's account and both were listed as 'Restricted'. Spent an hour on the phone being transferred by CS and finally got to the fraud dept. They said I needed to leave a message for the EXECUTIVE RESOLUTION DEPT and someone would get back to me. I had about 800K miles between both accounts and now they say 0. Anyone have experience with this? we both got emails saying they would credit the cash to the account but if the CC is closed where will the money go?
2. 8 years
3. 2k Checking
4. 20-30K
5. No Cycle
6. No BP
Logged into my account and wife's account and both were listed as 'Restricted'. Spent an hour on the phone being transferred by CS and finally got to the fraud dept. They said I needed to leave a message for the EXECUTIVE RESOLUTION DEPT and someone would get back to me. I had about 800K miles between both accounts and now they say 0. Anyone have experience with this? we both got emails saying they would credit the cash to the account but if the CC is closed where will the money go?
Jul 10, 2019, 3:09 pm
#158
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,422
1. Capital One Ventrue
2. 8 years
3. 2k Checking
4. 20-30K
5. No Cycle
6. No BP
Logged into my account and wife's account and both were listed as 'Restricted'. Spent an hour on the phone being transferred by CS and finally got to the fraud dept. They said I needed to leave a message for the EXECUTIVE RESOLUTION DEPT and someone would get back to me. I had about 800K miles between both accounts and now they say 0. Anyone have experience with this? we both got emails saying they would credit the cash to the account but if the CC is closed where will the money go?
2. 8 years
3. 2k Checking
4. 20-30K
5. No Cycle
6. No BP
Logged into my account and wife's account and both were listed as 'Restricted'. Spent an hour on the phone being transferred by CS and finally got to the fraud dept. They said I needed to leave a message for the EXECUTIVE RESOLUTION DEPT and someone would get back to me. I had about 800K miles between both accounts and now they say 0. Anyone have experience with this? we both got emails saying they would credit the cash to the account but if the CC is closed where will the money go?
On the other hand, if all they shut was your credit card, then you have an ongoing relation with them and a functional checking account.......not likely.
Bummer about the miles. From other posts, you can follow up and request that they be given back. There apparently has been some success in doing that.
Were you paying your CC account balance out of checking. If you were, were you depositing MOs into the checking account? If so, this would be the classic "don't poop where you eat" scenario.
Good luck in getting those miles back.
Jul 11, 2019, 9:00 am
#159
Join Date: Mar 2017
Posts: 161
If they have shut you down completely, they will send you a check once they are certain that there are no outstanding checks that need to be paid from your checking balance.
On the other hand, if all they shut was your credit card, then you have an ongoing relation with them and a functional checking account.......not likely.
Bummer about the miles. From other posts, you can follow up and request that they be given back. There apparently has been some success in doing that.
Were you paying your CC account balance out of checking. If you were, were you depositing MOs into the checking account? If so, this would be the classic "don't poop where you eat" scenario.
Good luck in getting those miles back.
On the other hand, if all they shut was your credit card, then you have an ongoing relation with them and a functional checking account.......not likely.
Bummer about the miles. From other posts, you can follow up and request that they be given back. There apparently has been some success in doing that.
Were you paying your CC account balance out of checking. If you were, were you depositing MOs into the checking account? If so, this would be the classic "don't poop where you eat" scenario.
Good luck in getting those miles back.
No i just kept that checking and savings account for relationship status.. i know its not a lot but i use it for my venmo and paypal transactions for my kids payments. Never deposited MO into any of my Cap1 accounts.
thanks ill post an update when I hear or get something.
Jul 11, 2019, 2:23 pm
#160
Join Date: Mar 2017
Posts: 161
**UPDATE**
My wife's Cap1 CC just got credited $2.6K so it reduced my outstanding balance by that amount... CC is still closed.
My CC was also credited $1.5K but now has a negative balance... hope I can get a check or something bc the CC is still closed.
My wife's Cap1 CC just got credited $2.6K so it reduced my outstanding balance by that amount... CC is still closed.
My CC was also credited $1.5K but now has a negative balance... hope I can get a check or something bc the CC is still closed.
Jul 11, 2019, 9:21 pm
#161
Join Date: Mar 2007
Location: S Cal
Programs: AA Lifetime Plat, United Silver, Marriott Plat, IHG Plat
Posts: 1,142
Barclay Arrival (this is not the Arrival Plus - I downgraded to the plain Arrival when I decided to close my Arrival Plus a few years ago).
Closed for inactivity. Card has been in the drawer for the past few years.
Closed for inactivity. Card has been in the drawer for the past few years.
Jul 23, 2019, 5:33 pm
#163
Join Date: Feb 2014
Posts: 908
Also, I am pretty much banned from signing up with them again. I tried like 2 years ago. Instant denial.
Jul 27, 2019, 3:03 pm
#164
Join Date: Aug 2009
Posts: 12
deleted
Last edited by hotpancakes; Jul 28, 2019 at 7:46 pm Reason: deleted
Jul 27, 2019, 5:16 pm
#165
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,672
Question about potential BOA closure:
I have (4) BOA CCs, 2 of which are Cash Rewards. I don't put much vanilla spend on any of them, but I do max out the 3% Cash Rewards category for each of the Cash Rewards cards. The transactions on each card are made on eBay in the "collectibles" category, and amount to a single charge anywhere from $2500-$2800, once per quarter per card. These charges are well below my credit limits on either card.
Given the above scenario, do you think I'm at risk of account closure? Thanks!
I have (4) BOA CCs, 2 of which are Cash Rewards. I don't put much vanilla spend on any of them, but I do max out the 3% Cash Rewards category for each of the Cash Rewards cards. The transactions on each card are made on eBay in the "collectibles" category, and amount to a single charge anywhere from $2500-$2800, once per quarter per card. These charges are well below my credit limits on either card.
Given the above scenario, do you think I'm at risk of account closure? Thanks!