@NRB525 wrote:
@CreditCuriousity wrote:I am wanting to open a CU account, let say in the coming days as a back-up at a local CU and open a CC with them, but if I do so I will obviously inquire at least one HP.. Do you let the Chase bear do what it is doing and lay low for awhile or do you forge ahead and cover your own butt and open up such account? I am way over thinking this, but you aways got to think out for #1, being yourself as they are thinking out for themselves which in their case they are #1... a Catch 22 isn't it?
When you meet a bear in the woods, there are three basic responses:
1) Run away as fast as you can and hope you are faster than the bear
2) Curl into a little ball, play dead, and hope the bear goes away
3) Hope your companions are more interesting to the bear than you are.
LOL... Good advise, kinda.... Basically um, ya... Catch 22.
I think I will curl into a ball for awhie and let the bear go for more interesting people.. Sorry all, but #1 comes first me 
.. Hopefully we have aready seen the worse of this as the year is at the end.
I think you are still repsonsible for debt i am not sure though.
I didn't read the entire thread but wanted to chime in on the appearance of chase closure threads being abundant.
First of all, credit related message boards offer a very small number of cardholders relative to the total number of cardholders out there. Relative to the total number of Chase cardholders here and on other related boards very few have reported Chase closures. If everyone that uses Chase cards including those that buy gift cards etc that have never had a card closed posted here......I think you would have a hard time finding the closure posts.
Based on that alone I think people are way overacting to the relatively few reports of closures.
on top of all that we rarely get the full picture if a posters credit situation....i.e. Util, number of recent accounts, inquiries, spending patterns, months of min payments etc.
Posters often correlate the closure to one thing like buying a gift card when in fact it could be any number of factors.
gift cards are a huge business. Visa, MC and AMEX sell hundreds millions worth of gift cards. The only way to purchase AMEX gift cards on their site is with a credit card as well as places like gift card mall. Buying GC with a credit card is perfectly acceptable and is even promoted by the very issuers that sell them.
Doing MS at any level always has it's risks but if you are not buying GC for this purpose, you should not worry about buying GC for presents etc.
There are so many possible factors involved in each individual scenario, it's a waist of time to try speculate unless you have all the facts which we never do.
