Sometimes you think you’re a HH or doing volume until one day you hear a story that makes your jaw drop. A reader had about 65K of CL with Chase among 6 cards and was cycling 2-3X a month for 1.5 to 2 years just fine. Even when I heard this I was shocked he lasted that long, but the reader said he slowly increased it and they kept increasing his CL, so he thought he was fine. Then one day, he gets the Hyatt card with a 20K CL and immediately charges 20K on it because he thought he was seasoned with Chase. They then locked his account for bust out risk, but he got it re-opened. So he continued cycling on that card…20 times over the next 45 days….HAHAHAHA. I mean at this point you just have to laugh cuz that’s such a ridiculously high volume. I’m sure you’re thinking, “Well no shit he got axed,” but in his defense, he assumed that since he had cleared the lock he was good to go. That wasn’t the point of this post, but I clearly should have made that a post in and of itself.
Anyhow, fast forward a few months and he gets a checking account with them. Thinking everything was fine, he waited a few more months (9 in total at this point) and applied for the CSR. That’s when he got this message:
The lesson learned here isn’t that you shouldn’t go berzerk spending on Chase or slowly ramp up your spend (you should have known that already from yours truly.) The lesson learned here is that clearly Chase has multiple levels of axes. I was able to get my wife back in recently which I’ll write about later, but it seems either this reader’s axe was so egregious that they banned him for life or maybe he needs to give it more time before trying to get back in.