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
Jan 20, 2020 | 1:34 pm
#46
Join Date: Oct 2010
Location: DFW
Posts: 699
If you are not MS'ing and you have enough funds coming in to the business to cycle the CL 20x, why not ask for a CL increase? If the business has the monthly cashflow to cover a much higher CL, I would think most banks would be willing to increase your CL.
Jan 20, 2020 | 4:21 pm
#47
Join Date: Aug 2003
Location: Seattle, WA. USA
Programs: MR, AA, UA, DL, AVIS and growing
Posts: 1,192
Schwab is superior to extra perks like special AMEX $200 credit and a great Debit card refunds all fees world wide.
SO why did you leave the best discount brokerage, curious?
Jan 20, 2020 | 4:22 pm
#48
Join Date: Aug 2003
Location: Seattle, WA. USA
Programs: MR, AA, UA, DL, AVIS and growing
Posts: 1,192
I don't have business but I though MS was almost dead. I did teh Simon GCs and loaded to Wal-Mart but that got old as WM was 20 mile drive.
Jan 21, 2020 | 1:03 pm
#49
Join Date: Oct 2010
Location: DFW
Posts: 699
That is what I do (Simon/WM), but my post was regarding the GreatMongo who cycled his CL 20x with real business spend, not with MS. As long as the cash coming into the business is documented and enough to cover the 20x CL, I say just go ahead and ask for a much larger credit line and be prepared to present documentation if requested.
Feb 7, 2020 | 4:32 pm
#50
Join Date: Sep 2017
Location: SFO/LAX/SAN/LAS/DFW/JFK/LGA/EWR/MIA
Posts: 1,560
also, could you let us know how long it took BofA to shut you down? with that volume, im curious how long it took because it gives us insight into the BofA due diligence process. did it take more than a year? chase seems to be the quickest and barclays the slowest.
thank you.
Feb 7, 2020 | 4:37 pm
#51
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,634
Some people are crazy with MS. 
Feb 7, 2020 | 11:05 pm
#52
Join Date: Apr 2015
Posts: 178
man. you really didnt care about your BofA account huh? WMBP and 20x cycle/mo with a huge CL (maybe 50k-100k CL?) in any case, we appreciate the DP. fun read.
also, could you let us know how long it took BofA to shut you down? with that volume, im curious how long it took because it gives us insight into the BofA due diligence process. did it take more than a year? chase seems to be the quickest and barclays the slowest.
thank you.
also, could you let us know how long it took BofA to shut you down? with that volume, im curious how long it took because it gives us insight into the BofA due diligence process. did it take more than a year? chase seems to be the quickest and barclays the slowest.
thank you.
Feb 8, 2020 | 2:15 pm
#53
Join Date: Sep 2017
Location: SFO/LAX/SAN/LAS/DFW/JFK/LGA/EWR/MIA
Posts: 1,560
Feb 8, 2020 | 5:10 pm
#54
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 7,382
ive been doing 5k simon/mo on just one card for about a year now. im thinking of stopping or doing less because i dont want a shutdown. always thought 5k is super low, but thats just me. wondering about your experience. im sure in your case, bank bonuses, MS 20k CL + WMBP + going over CL is all part of the reason.
Are you sucking them dry with a credit card and bill pay with no other business. I have had a 30 year relationship with my regional bank which has been beneficial for both the bank and me.
I do about $5K/mo in MSing (mostly depositing MOs) into an active checking account which has been going on for at least 8 years without a peep. In truth, I wouldn't expect one.
Feb 9, 2020 | 4:48 pm
#55
Join Date: Feb 2020
Posts: 2
If Chase shuts me down from MSing, will I lose all of my accrued UR points?
Feb 9, 2020 | 7:43 pm
#58
Join Date: Feb 2012
Location: The place where it gets so hot in the summer some planes can't take off.
Programs: Marriott LT Titanium, WoH Globalist, National EE, United Platinum
Posts: 1,487
Feb 10, 2020 | 10:33 am
#59
Join Date: Jul 2010
Posts: 1,337
I get anxious every time I see new responses in this thread!
Feb 10, 2020 | 12:35 pm
#60
Join Date: Apr 2015
Posts: 178
could you let us know how long it took BofA to shut you down? with that volume, im curious how long it took. did it take more than a year?
oh my bad. i misread. it was TheGreatMongo however, it looks like you also got shut down for MS simon and cycling. appreciate the DP. same question though. could you let us know how much MS/mo (assuming its over 20k/mo) and for how long before bofa to shut you down? ive been doing 5k simon/mo on just one card for about a year now. im thinking of stopping or doing less because i dont want a shutdown. always thought 5k is super low, but thats just me. wondering about your experience. im sure in your case, bank bonuses, MS 20k CL + WMBP + going over CL is all part of the reason.
oh my bad. i misread. it was TheGreatMongo however, it looks like you also got shut down for MS simon and cycling. appreciate the DP. same question though. could you let us know how much MS/mo (assuming its over 20k/mo) and for how long before bofa to shut you down? ive been doing 5k simon/mo on just one card for about a year now. im thinking of stopping or doing less because i dont want a shutdown. always thought 5k is super low, but thats just me. wondering about your experience. im sure in your case, bank bonuses, MS 20k CL + WMBP + going over CL is all part of the reason.