topic Re: DO NOT apply for Anything with CHASE in Credit Cards

DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 03:48:48 GMT

I bank with Chase and they just shut down all 3 cards I have with them - without notice or reason!

I am Furious to say the least and not even sure I will give them a chance to explain. I think I will just transfer All money out and over to NFCU at this point. Why bother with a bank that has no appreciation for the $$ you keep with them and the countless on time payments, over payments, pay in full months etc.... Never once have I done anything like make a minimum balance payment or remotely been late or any of the sort.

I am blown away and disgusted!!

I hope everyone heeds this warning and finds somewhere else to go.

Dear friend of mine had her Freedom Card shut down 3 weeks after getting it - I thought it was a fluke thing - apparently not. Really nice thing they are doing to people right before Christmas - I hadn't even taken advantage and run the darn thing up!

Re: DO NOT apply for Anything with CHASE

B335is — Fri, 19 Dec 2014 03:50:03 GMT

Did you add a lot of new accts or MS?

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 03:50:40 GMT

@Anonymous wrote:
I bank with Chase and they just shut down all 3 cards I have with them - without notice or reason!

I am Furious to say the least and not even sure I will give them a chance to explain. I think I will just transfer All money out and over to NFCU at this point. Why bother with a bank that has no appreciation for the $$ you keep with them and the countless on time payments, over payments, pay in full months etc.... Never once have I done anything like make a minimum balance payment or remotely been late or any of the sort.

I am blown away and disgusted!!

I hope everyone heeds this warning and finds somewhere else to go.

Dear friend of mine had her Freedom Card shut down 3 weeks after getting it - I thought it was a fluke thing - apparently not. Really nice thing they are doing to people right before Christmas - I hadn't even taken advantage and run the darn thing up!

Too late. I already did.

On a serious note, How long have you had them?

Re: DO NOT apply for Anything with CHASE

CreditMENA — Fri, 19 Dec 2014 03:52:11 GMT

I'm sure they did it for ABSOLUTELY NO REASON...

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 03:52:21 GMT

Why wouldn't you want an explanation? Something happened that caused the shutdown and it's in your best interests to find out what

Re: DO NOT apply for Anything with CHASE

mikelo22 — Fri, 19 Dec 2014 03:57:07 GMT

@Anonymous wrote:
I bank with Chase and they just shut down all 3 cards I have with them - without notice or reason!

I am Furious to say the least and not even sure I will give them a chance to explain. I think I will just transfer All money out and over to NFCU at this point. Why bother with a bank that has no appreciation for the $$ you keep with them and the countless on time payments, over payments, pay in full months etc.... Never once have I done anything like make a minimum balance payment or remotely been late or any of the sort.

I am blown away and disgusted!!

I hope everyone heeds this warning and finds somewhere else to go.

Dear friend of mine had her Freedom Card shut down 3 weeks after getting it - I thought it was a fluke thing - apparently not. Really nice thing they are doing to people right before Christmas - I hadn't even taken advantage and run the darn thing up!

As hard as it may seem, try to take a step back. Take a deep breath, cast aside your emotions, and think about your options for a moment.

There was obviously a reason that Chase did this. It could easily have been a computer algorithm that detected something with your credit file that raised a huge red flag. I would call them and find out what the reasoning was, etc. Try your best to be polite and civil and the CSR will be more apt to try their best to assist you.

What they did does seem pretty drastic. If it were me, I'd at least want to hear some answers as to what sort of thing triggered this knee-jerk reaction by Chase.

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 03:59:02 GMT

@Anonymous wrote:
Why wouldn't you want an explanation? Something happened that caused the shutdown and it's in your best interests to find out what

You likely did something to spook them or something caught their attention. Maybe you can even get the accounts working again (maybe just frozen for security reasons?). Chase has some of the best rewards credit cards. I for one will continue applying to Chase for credit cards as they are no worse than any other big bank and they have better cards than most other big banks.

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:01:09 GMT

@Anonymous wrote:
Why wouldn't you want an explanation? Something happened that caused the shutdown and it's in your best interests to find out what

Right. If you are truly surprised and it is out of the blue, certainly ask. Banks do not shut down cards for no reason, BUT sometimes the reason is due to a mistake, bad data in a CR etc, which it is in your interest to know. You may not get a reasonable answer ("Your account was closed for security reasons", or "transactions inconsistent with the T&C") but you might.

If you know why (such as heavy MS) less reason to ask. But in that case your post would be a little deceptive!

Re: DO NOT apply for Anything with CHASE

NRB525 — Fri, 19 Dec 2014 04:01:20 GMT

OP, did you talk with a CSR to at least get a live voice to tell you why three cards were shut off? That's a fairly serious move, and would be done only with some sort of reason. I've had Chase for years, cards that I had with other banks mostly which they aquired in, and they've done CLD and accelerated payment rules to reduce their risk, including closing cards, but there is always a reason behind their action.

You should probably try to really get to the bottom of what that reason is. The truth is important to know.

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:03:04 GMT

ONLY New account is NFCU LOC but it isn't even reporting yet .....

What is MS?

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:06:32 GMT

@Anonymous wrote:
ONLY New account is NFCU LOC but it isn't even reporting yet .....

What is MS?

Manufactured Spending. Did you buy lots of gift cards or use your card (s) in any fashion outside your normal use?

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:05:23 GMT

@Anonymous wrote:
ONLY New account is NFCU LOC but it isn't even reporting yet .....

What is MS?

Manufactured spending, buying lots of V/MC/Amex gift cards for example, but if you don't know the term, you probably weren't doing it.

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:05:25 GMT

@Anonymous wrote:
ONLY New account is NFCU LOC but it isn't even reporting yet .....

What is MS?

Manufactured spending. Against the T&C of most CCs. The are a gray area for discussion on these boards, but a google search should give you more info.

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:05:52 GMT

Got First Personal card over a year ago and the Ink cards early Summer .... Only got them when I went into the branch and it would pop up that they had an offer for me .....

At periodic times throughout the year, I have over $100K in just one of the business accounts at a time .... I pretty much give up ...

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:06:25 GMT

Sarcasm? Or Serious?

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:07:31 GMT

I have already fired off an email to my personal banker and am sure I will be sitting at her desk at 9:00 AM tomorrow morning - not sure they can do anything to redeem themselves at this point - maybe that is what I should have said.

Re: DO NOT apply for Anything with CHASE

dursty87 — Fri, 19 Dec 2014 04:07:53 GMT

Did they close your checking accounts as well or just your CC's. As others have stated there is a reason you should try to find out what it is

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:08:07 GMT

@Anonymous wrote:
Sarcasm? Or Serious?

No ones being sarcastic. We're all trying to help. Please call Chase and find out what's going on

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:10:34 GMT

@Anonymous wrote:
Got First Personal card over a year ago and the Ink cards early Summer .... Only got them when I went into the branch and it would pop up that they had an offer for me .....

At periodic times throughout the year, I have over $100K in just one of the business accounts at a time .... I pretty much give up ...

So nothing wrong/strange in your bank accounts? Too many cash deposits/money orders etc? Although in that case Chase usually closes your bank accounts and shortly after your credit card.

Again the key point is that someone at Chase didn't wake up and say "I know, lets give grayarea37 a hard time today, let's close his cards. That will be fun!" They had a reason (which might have been mistaken). If Chase has any value to you, see what they say and maybe you can get it fixed.

It's NOT Chase being a terrible issuer, they think something is wrong, and probably most other issuers would do the same thing in whatever this situation appears to be.

Re: DO NOT apply for Anything with CHASE

Anonymous — Fri, 19 Dec 2014 04:14:10 GMT

I have banked with them since 2008 .... Can't comprehend any of this. Just my personal checking account maintains a balance of around $7500 for household expenses. I have a savings account and monye market account attached. I also have 2 business accounts as well.

I called in but was told the "lending department" was closed and I needed to call during their regular business hours so no I didn't really get to speak to anyone.

Quite frankly, I have used my Slate card and paid it off so many times, I was expecting a CLI - to log in to pay the bill (that is due on the 26th) and find it closed (since yesterday) is absurd!

I have 1 new inquiry from NFCU and no new accounts reporting as my LOC hasn't even shown up yet because they just got the paperwork back like 2 days ago!

Might has well have been paying the minimum balance due all this time because clearly my excellent payment history means nothing!