Introduction A reader sent me this email and let me share it with you guys. By the way, kudos to the reader for answering every question I would have asked him: Just got shutdown today by Cap1 on my Venture card. Had the card since 2011, but did not really do any MS until 2017. […]
Introduction Continuing on with Chase shutdown week, this reader was shut down earlier this week (seems like a mass audit happened lately with Chase.) Anyway, it was actually the reader’s spouse that got shut down. Initially, the reader thought it was due to sudden spend on one of their Chase cards, but ultimately, they called […]
Introduction Continuing on with this week’s series of Chase shutdowns, another reader got the axe in the past week. This was on his wife’s account. He wasn’t sure what it was since he didn’t have a ramp up in spend or high utilization. The letter they sent him was the usual, “Too many new accounts” […]
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 […]