topic Re: Chase - Total exposure / income / AA in Credit Cards

Chase - Total exposure / income / AA

lord_kinbote — Sat, 24 Jan 2015 11:30:04 GMT

With all the Chase discussions, I wanted to add to the paranoia. What is your total exposure / income range? I am not sure if income is a factor and I say this, because personally I have never been asked income verification. I believe a lot of variables are at play, but not ignoring the elephant in the room; My total exposure is 44.5k and my income is a little over 120k.

I would love to hear from others in regards to their total exposure with Chase and if you feel income is relevant, what range. It would be great to hear from those that did receive AA, so we know their total exposure and income level at closure. There must be some internal limits that trigger review.

Re: Chase - Total exposure / income / AA

Peteyglad — Sat, 24 Jan 2015 13:47:58 GMT

My total income is 52.8k and my total exposure is 34.5k. I have not had Chase do any AA on me.

Re: Chase - Total exposure / income / AA

Anonymous — Sat, 24 Jan 2015 14:12:54 GMT

Income $58k

Exposure $12.5k

opened Freedom in 12/14 for $2.5k

opened CSP in 12/14 for $5k

opened Marriott in 1/15 for $5k

-nothing so far, hope it stays that way

Re: Chase - Total exposure / income / AA

Strogen — Sat, 24 Jan 2015 14:17:00 GMT

Income is 36K (43 if you add the employer paid benefits)

And my exposure with Chase is 30K.

Re: Chase - Total exposure / income / AA

CreditCuriosity — Sat, 24 Jan 2015 14:19:16 GMT

I will byte.. Income >100k

Exposure with Chase 11.5k

Re: Chase - Total exposure / income / AA

Anonymous — Sat, 24 Jan 2015 14:55:12 GMT

Reported income: $80,000 (My total income + Half of wife's)

Exposure: $22,500 over 5 products.

Re: Chase - Total exposure / income / AA

Anonymous — Sat, 24 Jan 2015 14:56:07 GMT

Income: $70000

Exposure: $14000

Re: Chase - Total exposure / income / AA

Anonymous — Sat, 24 Jan 2015 15:50:16 GMT

@Akula,

All those don't play a role when chase decides to close. When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice. It is nice to want to know income/total exposure but that is not taking into consideration.

Re: Chase - Total exposure / income / AA

CreditCuriosity — Sat, 24 Jan 2015 15:56:47 GMT

@Anonymous wrote:
@Akula,

All those don't play a role when chase decides to close. When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice. It is nice to want to know income/total exposure but that is not taking into consideration.

I agree a person on this forum that has a palladium can't think of his name off hand has has his account closed and reopened many times.. I am guessing the only reason he has been able to get them re-open is cause he has considerable money with Chase and a bit of help from his private banker. He is literally on a leash with Chase last time I heard and had to close an accidental Amex BMW card the dealership applied him for that he didn't authorize once he closed it out they re-opened his accounts. Once you are on Chase's radar it appears hard to get off. I wouldn't want to be in his shoes.. I guess if I had that kinda money I would go somewhere else, but he chooses chase for whatever his reason is

Re: Chase - Total exposure / income / AA

Anonymous — Sat, 24 Jan 2015 16:12:39 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@Akula,

All those don't play a role when chase decides to close. When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice. It is nice to want to know income/total exposure but that is not taking into consideration.
I agree a person on this forum that has a palladium can't think of his name off hand has has his account closed and reopened many times.. I am guessing the only reason he has been able to get them re-open is cause he has considerable money with Chase and a bit of help from his private banker. He is literally on a leash with Chase last time I heard and had to close an accidental Amex BMW card the dealership applied him for that he didn't authorize once he closed it out they re-opened his accounts. Once you are on Chase's radar it appears hard to get off. I wouldn't want to be in his shoes.. I guess if I had that kinda money I would go somewhere else, but he chooses chase for whatever his reason is

@Anonymous,

The user/person is Enharu.. I also know people who have successful businesses and lots of money and were closed out without notice by chase (Some of them deserved to be closed out). What will be nice is if someone within chase can "give it up to the public" how these closures are triggered so that we can stop speculating...

Re: Chase - Total exposure / income / AA

CreditCuriosity — Sat, 24 Jan 2015 16:17:28 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@Akula,

All those don't play a role when chase decides to close. When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice. It is nice to want to know income/total exposure but that is not taking into consideration.
I agree a person on this forum that has a palladium can't think of his name off hand has has his account closed and reopened many times.. I am guessing the only reason he has been able to get them re-open is cause he has considerable money with Chase and a bit of help from his private banker. He is literally on a leash with Chase last time I heard and had to close an accidental Amex BMW card the dealership applied him for that he didn't authorize once he closed it out they re-opened his accounts. Once you are on Chase's radar it appears hard to get off. I wouldn't want to be in his shoes.. I guess if I had that kinda money I would go somewhere else, but he chooses chase for whatever his reason is
@Anonymous,

The user/person is Enharu.. I also know people who have successful businesses and lots of money and were closed out without notice by chase (Some of them deserved to be closed out). What will be nice is if someone within chase can "give it up to the public" how these closures are triggered so that we can stop speculating...

That would be very nice, but that will never happen. ..

Re: Chase - Total exposure / income / AA

Anonymous — Sat, 24 Jan 2015 16:18:45 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@Akula,

All those don't play a role when chase decides to close. When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice. It is nice to want to know income/total exposure but that is not taking into consideration.
I agree a person on this forum that has a palladium can't think of his name off hand has has his account closed and reopened many times.. I am guessing the only reason he has been able to get them re-open is cause he has considerable money with Chase and a bit of help from his private banker. He is literally on a leash with Chase last time I heard and had to close an accidental Amex BMW card the dealership applied him for that he didn't authorize once he closed it out they re-opened his accounts. Once you are on Chase's radar it appears hard to get off. I wouldn't want to be in his shoes.. I guess if I had that kinda money I would go somewhere else, but he chooses chase for whatever his reason is
@Anonymous,

The user/person is Enharu.. I also know people who have successful businesses and lots of money and were closed out without notice by chase (Some of them deserved to be closed out). What will be nice is if someone within chase can "give it up to the public" how these closures are triggered so that we can stop speculating...
That would be very nice, but that will never happen. ..

@Anonymous,

I know right...

Re: Chase - Total exposure / income / AA

MidnightJester — Sat, 24 Jan 2015 16:46:58 GMT

I know for a fact that alot of CHASE's account closing's when it happen accross all accounts CC, Checking, Savings etc its due to them not liking who or how you do busineess. ALot of that is due to Govt operation "CHOKE POINT" that alot of banks are following very very strictly. Besdies that if you do things that they even think are not normal for money moving they will do all kinds of AA. Even tthough its all LEGAL they are frowning on all kinds of business and those who do bussiness with them

Re: Chase - Total exposure / income / AA

Exonumist — Sat, 24 Jan 2015 19:48:46 GMT

Income is 40k total exposure 23k

Re: Chase - Total exposure / income / AA

Imperfectfuture — Sat, 24 Jan 2015 19:50:34 GMT

@Peteyglad wrote:
My total income is 52.8k and my total exposure is 34.5k. I have not had Chase do any AA on me.

Wow.

Re: Chase - Total exposure / income / AA

Imperfectfuture — Sat, 24 Jan 2015 19:52:07 GMT

@Strogen wrote:
Income is 36K (43 if you add the employer paid benefits)

And my exposure with Chase is 30K.

Double wow. Guess in 2016 can REALLY play with them. However, how much exposure do you have to other lenders?

Re: Chase - Total exposure / income / AA

red259 — Sat, 24 Jan 2015 19:55:52 GMT

@Anonymous wrote:
@Akula,

All those don't play a role when chase decides to close. When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice. It is nice to want to know income/total exposure but that is not taking into consideration.

I'm not sure what your point is here. Are you claiming that income/exposure is not taken into consideration when Chase decides to review/close accounts? If so, of course it is considered. It is not necessarily the only consideration but it is definetly a factor that they look at. You can also get closed down for other things as well independent of that.

Re: Chase - Total exposure / income / AA

heyarrnold — Sat, 24 Jan 2015 20:03:09 GMT

Income > 100k

Total exposure: 50k

I've yet to have any issues with Chase.

Re: Chase - Total exposure / income / AA

Chris679 — Sat, 24 Jan 2015 20:04:22 GMT

Income is $74k, CL with Chase is $7600. Go ahead and shut me down, I give zero Fs. Plenty of other fish in the sea.

Re: Chase - Total exposure / income / AA

disdreamin — Sat, 24 Jan 2015 20:07:01 GMT

Exposure percentage (CL to personal income) is ~25% for me with Chase. Overall exposure with all CC is ~90% (holy $#*+!).

That is six cards...might be time to pare them down. I never looked at that overall exposure before!