Jan 1, 2020, 10:56 am
Last edit by: ChrisFlyer66
For the 2021 shutdown thread, click here: https://www.flyertalk.com/forum/manufactured-spending/2031831-2021-shutdown-thread.html
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?
2020 Shutdown Thread
May 15, 2020, 2:20 pm
#241
Join Date: Feb 2012
Posts: 4,477
Duh, all paper shuffling operations are zero-sum game. Were you ever under the impression that MS, banking, investments, insurance, etc etc produce tangible products or services? And is there disappointment or resentment as a result of this "discovery"?
May 15, 2020, 3:21 pm
#242
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
I was under no illusions. I'm fully aware that we as a group are a statistical anomaly, which is hopefully just a blip on their radar. My comment was for those who try to find a rational reason for why CC have legitimate reason to shut down accounts, beyond just "we can get away with it and you're not a sucker who makes us tons of money".
May 23, 2020, 9:46 pm
#243
Join Date: Dec 2013
Posts: 3,504
I was under no illusions. I'm fully aware that we as a group are a statistical anomaly, which is hopefully just a blip on their radar. My comment was for those who try to find a rational reason for why CC have legitimate reason to shut down accounts, beyond just "we can get away with it and you're not a sucker who makes us tons of money".
May 24, 2020, 7:28 am
#244
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
At the end of the day, I wasn't surprised or necessarily mad that Cap One shut my Spark card down 5 years ago especially when I was fully aware of what I was doing that was not the intended use of the card. By that time I had already gotten another 2% CB card with the Fidelity Amex so I didn't really care. In fact it was just right on time before I had to renew my AF. What I wasn't hoping for was that banking relationship would be torched as well. I would be fine with Cap One not allowing me to get one of their CCs ever again but was hoping I could get the banking bonus. Either way I know now not to waste any time with Cap One on any products so screw them.
May 24, 2020, 11:56 am
#245
Join Date: Dec 2013
Posts: 3,504
The "not as intended" part is all BS. The way I see it, what's the difference between me spending 40-50k/mo on GC, or some other guy spending 50k/mo on legit business expenses. Not to mention, GC are legit expenses for many businesses like property managers of large multi-family housing. I guarantee you Cap1 would gladly shut down anyone who has high spending and doesn't pay interest. They obviously go after us since we won't go making a big stink in the media and tarnishing their image.
Jun 1, 2020, 3:27 am
#246
Join Date: May 2014
Posts: 47
Barclay arrival got shut down
Barclay Arrival got shut down, couldn’t redeem the 350k points online, so I called CS, was told the statement credit will be applied in 7-10 business days, it hasn’t, what’s next I can do?
Jun 2, 2020, 3:38 am
#247
Join Date: Dec 2013
Posts: 3,504
How many business days has it been? You can certainly try calling them an explain to them that it has been X number of business days that is outside of the 7-10 business days and would like an update.
Jun 2, 2020, 11:34 pm
#248
Join Date: May 2014
Posts: 47
Is there a place or institution I could file a complaint regarding this?
Jun 3, 2020, 12:07 am
#249
Join Date: Dec 2013
Posts: 3,504
You can try to send a complaint to the CFPB to try to light a fire under Barclays.
Jun 10, 2020, 1:48 pm
#251
Join Date: Jan 2010
Programs: Hilton Diamond, Marriott/SPG Platinum
Posts: 496
C1 shut down my 2% biz card lately and also shut down p2's due to both buying simon VGC and WM BP. seems WM BP is the shutting down factor, not necessarily buying simon VGCs. good thing is that C1 cash back already redeemed.
Jun 10, 2020, 2:04 pm
#252
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
Debatable, since I got shut down in Dec. as well, but did heavy BP on the C1 for over a year. It's possible they're either cracking down more lately, or you just pass a certain lifetime volume of rewards trigger, where they suddenly examine your account. I did get a call last winter asking about GCM purchases, so maybe that put me on the radar.
Jun 11, 2020, 9:01 pm
#253
Join Date: Mar 2016
Posts: 267
Debatable, since I got shut down in Dec. as well, but did heavy BP on the C1 for over a year. It's possible they're either cracking down more lately, or you just pass a certain lifetime volume of rewards trigger, where they suddenly examine your account. I did get a call last winter asking about GCM purchases, so maybe that put me on the radar.
Jun 11, 2020, 9:15 pm
#254
Join Date: Mar 2016
Posts: 267
Curious how many people are doing a considerable amount of MS in supermarkets with AMEX, given all those extra points on HH cards. Concerned if a large volume of MS across the board will trigger a wave of shutdowns. While losing amex won't hurt me, i prefer keeping their cards.
Jun 11, 2020, 11:04 pm
#255
Join Date: Feb 2012
Posts: 4,477
Curious how many people are doing a considerable amount of MS in supermarkets with AMEX, given all those extra points on HH cards. Concerned if a large volume of MS across the board will trigger a wave of shutdowns. While losing amex won't hurt me, i prefer keeping their cards.