I was applying for the AMEX Schwab Platinum card the other day and got a PENDING message. I also got the email to check on my status, but the link said they were updating their systems. I called the next day to check on the status and the overseas rep told me I had hit […]
It’s been a while since I’ve had a card shutdown. This was the first time I’ve heard of a Paypal PPBDC shutdown. I’m surprised they didn’t wipe out my entire account – it’s just the card. No word yet on whether I can get another one down the road. What caused it? Well I had […]
A reader got shut down by Chase last week. In his own words: Too much MS too quick. Bought 30k in [unbonused spend] across 3 cards. Prompted an acct review because I was maxing out my available credit. I’ve done a ton of MS but I’ve read Covid has them on edge. 6 cards down […]
In his own words: My Chase closure: current state of affairs. As I reported before, all my 7 Chase personal CCs were closed early July 2020 (while I was on the road). Later I received a letter which did not give a reason, only “We have decided to close your accounts”. I called the number […]
Last week, a reader had his Citi accounts shut down. He never spent over CL and figures there were 2 possible reasons. First reason could be because he had 2 recent AMEX statements close totaling over $20K. With the current climate, banks are worried about ability to pay, so they may have gotten nervous that […]