Originally Posted by Shawnee (Post 33603151)

Thought I will post all my previous experiences as data points that might help others.
Not doing any MS now for the last 2 years due to Pandemic.
All these shutdowns were between 2 and 5 years ago.

Barclays Arrival card:
At shutdown only credited my balance of 100,000 points at half cent per point since I did not have any travel expenses to get 1 CPP.
Was doing WM check free bill pay and Simon mall in mall purchases.
I tried to apply for another card multiple times but got rejected all the times without even pulling credit saying something like 'previous adverse history'
So it looks like permanent ban since it has been over 5 years now.

Discover:
Had a long standing IT card. Then applied a miles card and gave only 6K credit limit. Used BP and Simon purchases and tired to recycle credit limit few times a month. Once made over payments and balance stayed negative that attracted shutdown of both cards after 11+ months. If I stayed for another month, would have got about $1500 cashback match for the 3% first year.

Chase:
Had 3-4 cards. All shutdown one day possibly due to BP. They gave 30 days to transfer all my ultimate reward points.
Applied for a BA card after 2-3 years. They approved it and I spent about $500 or so in 2 weeks and they cancelled within 2 weeks. So no sign up bonus. Had a BA card in the past but closed long time back.
Then after exactly 5 years, I applied for Air Lingus, got approved. Spent $5K required for 100K points within a week. Statement yet to close. Not sure if I survive or not. Will apply another one once I get these points since I am only at 2/24 right now.

Fidelity:
Simon and BP for several years. No credit recycle. Once overpaid and probably caused the shutdown. Had $500K plus in Fidelity 401K rolled over but that did not help me keep my card alive. Moved out my Fidelity elsewhere.


So definitely do not OVERPAY.
P2 is still active on all these banks.

Originally Posted by GundamWing01 (Post 33627123)

why no amex plat shutdown talk here? is there another thread? i looked but cant find it.

Originally Posted by MaxVO (Post 33627155)

Shutdown is a tool of the weak. AmEx is known to have killer algo's. They can control and channel customer behavior without resorting to the nuclear option. In the past they used FR, but not so much anymore. Apparently they can pick their customers strictly through incentives and the fear of pop-up jail.

Originally Posted by GundamWing01 (Post 33627123)

why no amex plat shutdown talk here? is there another thread? i looked but cant find it.

Originally Posted by GundamWing01 (Post 33627183)

... what do you think the post COVID volcanic travel eruption looks like?

Originally Posted by Happy Traveling Consultant (Post 33627205)

More of a reddit r/churning issue than a MS issue, though I realize a lot of us do both. It sounded like it was all attributed to one redditor ("Andy") over there who was giving out a NLL link for 150k MRs on Biz Plats and people were going nuts with them. I understand the appeal, $15k in spending for 165k MRs, but just not worth the risk in my mind.

Originally Posted by GundamWing01 (Post 33627390)

yea. i typically stay away from all secrets handed out in reddit. everybody shouldve known what happens when a huge number of people do the same thing. history repeats itself. especially with amex. you remember the 2016 100k Amex Platinum link leak thanksgiving clawback? that started it all.

Originally Posted by GundamWing01 (Post 33627390)

yea. i typically stay away from all secrets handed out in reddit. everybody shouldve known what happens when a huge number of people do the same thing. history repeats itself. especially with amex. you remember the 2016 100k Amex Platinum link leak thanksgiving clawback? that started it all.

Originally Posted by Happy Traveling Consultant (Post 33627430)

Well...don't avoid all the secrets. Head over to r/wallstreetbets and find stonks that only go up! :D

But absolutely yes. What a cluster. Bunch of people there were also caught up in the AA shutdowns from buying the Citi AAdvantage bonuses en masse and then were shocked when they lost 2 million miles...

Originally Posted by economyfly (Post 33637136)

some people sued for big bucks and won

Originally Posted by radonc1 (Post 33637441)

... in the AA case where people were permanently barred from the AA program and had all of their miles confiscated, there is not a single case where AA's decision was reversed...

Originally Posted by MaxVO (Post 33637540)

I recall credible discussion of such reversals for individual(s) with significant platform (e.g. someone at TPG).

Originally Posted by radonc1 (Post 33637441)

Can you provide an actual citation for the above claim that isn't from someone who said "I sued and won big bucks"?

Actually, in the AA case where people were permanently barred from the AA program and had all of their miles confiscated, there is not a single case where AA's decision was reversed, as far as I can tell. You can find the discussion here
https://www.flyertalk.com/forum/citi...ec-2019-a.html

With Chase, they have allowed miscreants to move out their ill gotten lucre prior to what appears to be a lifetime shut down for not only credit cards but all Chase banking services.

There are some cases reported here (individual) where people have gone to arbitration and won back their points from credit card companies at, I suspect, the cost of a life time ban with the bank.

But suing for big bucks?? I would love to read something official because I want be educated ;)

Originally Posted by DiMAn0684 (Post 33641190)

I am not convinced that happened, but if it did I'm sure Citi / AA would try to slide in an NDA there as much as they could.