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 […]
Introduction Yesterday, a reader told me he was shut down by Capital One. They told him his checking account was shut down and was asking if he should close down his credit cards preemptively. Since this happened to me recently, I told him that canceling them won’t do anything because it’s already in the process […]
Introduction A reader sent me this yesterday (edited for clarity): “Us bank closed my new reserve card cuz I bought 3 gift cards randomly along with other purchase using my mobile wallet. No warning ..no fraud alert… mixed purchases too. Today tried to use card and decline; called and they said your account is closed…no […]
Introduction A couple of readers wrote in to me asking if any other people have been shut down by Extrabux. After some back and forth, it seems that the common denominator is that they referred their spouse. I couldn’t figure out why they would do that until I read their referral structure: How does it […]
Introduction If you haven’t read my huge bank ban post yet, you should read it here. A reader actually shared this story before I wrote the post, which may have pushed me to write the post. What happened The reader actually applied for the Comenity Virgin America card as part of an AOR with […]