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Reader – Chase shut down his accounts due to bitcoin buying

December 28, 2017December 26, 2017 Vinh  Credit Cards  Chase, shutdown  5 Comments

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 […]

Reader – Capital One shut down in past, got a new card, then shut down again

December 27, 2017December 26, 2017 Vinh  Credit Cards  capital one  2 Comments

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 […]

Capital One shuts down my mom’s Spark Visa card

December 26, 2017December 25, 2017 Vinh  Credit Cards  capital one, shutdown  6 Comments

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 […]

Reader story – Chase shut down my account due to too much credit on CR

December 20, 2017December 19, 2017 Vinh  Credit Cards  Chase, shutdown  8 Comments

Introduction A reader had all his Chase accounts shut down on Friday.  He wasn’t sure what happened so I asked him questions to figure out what happened: Ink abuse?  NO Bill pays or any other anonymous payments?  NO What were your total balances closed on latest CR?  ~$20K (this is really minor; if he had said […]

AMEX RAT tries to claw back Delta Skymiles bonus

December 5, 2017December 4, 2017 Vinh  Credit Cards  amex, rat  26 Comments

Introduction A friend signed up for the Delta Skymiles card not too long ago.  She had to spend $3,000 and out of that, she spent $2,000 of it at a grocery store (you already know for what.)  She got the bonus and spent the miles already on a redemption.  Then the other day, she got […]

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