Another day, another Chase shutdown story. The reader said I could share, so I’ll just quote him verbatim:
Shut down from Chase. All cc accounts closed. Checking and Savings still open. SO’s are alive for now. A return got a negative balance on my cc today, which is the same day I was shut down (this is what got eyes on the account). Spoke to 5 different people, including a sr. analyst from their lending department, what sounded like three front line reps from different departments, and a supervisor. Apparently the Executive Office made the business decision to close the accounts. No possibility of a reinstatement, no re-opening. Can’t say I blame them. Some more data, I’m CPC, usually cycle 3x on a 90k Amazon CL, and occasionally max out a FU CL. I’ve kept up that pattern more or less for the past 2 years. My stable was FU, 2 Freedoms, CSP, Ritz, Hyatt, BA, Ink. I hit them hard in some other areas but I don’t think they’d see that anywhere.”
This was on or around the same day as yesterday’s Chase shutdown, so not sure if it’s a coincidence or if Chase is scrutinizing the cycling of their Amazon card. Regardless, if you have a Chase Amazon, it would behoove you to STOP cycling it. Also, try to never put eyes on your account; one mistake can get you axed. Stay safe out there folks.