Introduction Another reader got the axe a couple of days ago. It seems high utilization is what did him in. He said his FU card had a 60K CL and he was running at 90% for the past 3 months on it. His Ink had 25% util and he had 90% on a couple of […]
Introduction An infamous reader of mine, who has been shut down before from another bank, told me his wife’s Chase account was shut down recently. It was pretty easy to see why he was shut down. In his defense, he had paid off the $160K spend before the statement closed, but the train already left […]
Introduction A long time reader told me that his friend’s Chase accounts got axed and is most likely due to bitcoin buying. I thought that was ludicrous since 1) everyone is buying bitcoins and 2) I’m sure a good number of those people are using Chase accounts. However, he says his friend isn’t in the […]
Introduction A reader shared a data point with me and agreed to let me publish the data point so we all can learn. She was shut down by Capital One in November 2016 due to the usual MS/WMBP. She then was pre-approved for a card on their site, and so she applied for it and […]
Introduction Hey nothing new right? I got back from vacation and tried to use my mom’s Capital One Spark card and it got declined. I tried to chat with them, and they wouldn’t tell me over online chat. I had my mom call in, and they said the account had been closed. What happened […]