Automatic CLD with Chase?

[go_FICO_self]

OP isn't interested to give up 10% return most likely to have CL reinstated. He's probably fishing for alternatives. You were saying?

[mikelo22]

Just a recomendation for the future: When you are running a balance on a card, you should still pay more than the minimum payment. Just paying the minimum can raise red flags and cause CCC's to do crazy things like this. 

I currently have balances on my Citi DC, Amex BCE, and Discover. I'm taking advantage of the 0% intro. But I'm still paying $50+/month on each, which is well over the minimum payment.

I'm not the least bit surprised that Chase took AA. The 95% util coupled with minimum payments tripped a wire in their system. 

[yfan]

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@go_FICO_self wrote:
OP isn't interested to give up 10% return most likely to have CL reinstated. He's probably fishing for alternatives. You were saying?

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I was saying that identifying what the problem is and how the debt can be paid back is relevant to this thread even if the OP "isn't interested" in certain possible solutions. Lots of people aren't "interested" in having their actions criticized. That doesn't make the criticism irrelevant to their situation when they post it in a public forum. There's a reason the OP is just the OP and not the dictator of this thread (and frankly, neither is anyone else who doesn't care to discuss OP's choices in how to spend the funds).

[go_FICO_self]

do you enjoy repeating yourself ?

[kdm31091]

There are no alternatives. If you have a maxed out card with min payments, why on earth would they reinstate the credit line?

Everyone always wants a shortcut, a way around the system, etc. The AA was IMO justified. Correct the factors that caused it which are plainly obvious and maybe down the line the limits will be reinstated.

[yfan]

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@kdm31091 wrote:
The investments absolutely have to be part of the discussion. If OP has to pull money out to pay the CSP so be it because if the concern is reinstatement, it IMO isnt gonna happen unless that balance is reduced significantly.

But OP still barely used the CLD cards so Chase may decide to maintain the limits. But with the CSP paid down at least OP wouldn't look as bad.

I know OP didnt want investment advice but its related here.

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Right, and the fact of the matter is, OP volunteered the fact about having the funds invested. You can't come to a public forum, volunteer information, and expect that no one will dare critic it even if that piece of information is the proximate cause of your debt. OP could have just as well not told us anything about how they spent the 9K if they wanted to keep that out of the discussion. Fact is, they did tell us, and that makes it more relevant.

[gdale6]

Lets get back on topic everyone, no more sniping at each other. please remember to be FSR in your dealings with one another. Thank you  

[Kenny]

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@mikelo22 wrote:

Just a recomendation for the future: When you are running a balance on a card, you should still pay more than the minimum payment. Just paying the minimum can raise red flags and cause CCC's to do crazy things like this. 

I currently have balances on my Citi DC, Amex BCE, and Discover. I'm taking advantage of the 0% intro. But I'm still paying $50+/month on each, which is well over the minimum payment.

I'm not the least bit surprised that Chase took AA. The 95% util coupled with minimum payments tripped a wire in their system. 

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This and no other. 

The fact that the OP invested the amount is not relevant in the slightest. Who cares if he did it or bought a ring? What's the point to that argument? Chase has no clue how he spent it and it's not our place to keep poking it - let it be.

OP, you've experienced one of the great things of this forum and obviously a negative with posting anything in the public -- people can give you their opinions! LOL

All you can do is call them, explain what you want to, and try to explain to them that you're not a risk to them (in whatever best way that you can think to do it.) Ask Chase what would they like you to do in order to get the CL reinstated? 

At a certain point the score doesn't matter so much if you're making money off of your method. (You just have to make sure it's not a snowball effect with other issuers doing the same thing to you.)

Make bigger payments, and don't call next time asking when the last day is to pay.. it's clear where it says due by... lol You were kinda playing with fire with a phone call like that -- there is no upside to that phone call.

[Anonymous]

What's AA stand for again?

[mohammadmoghimi]

Thanks everyone. I knew I had to call but didn't know what to say. So far I got two good pieces of feedback (1) explain the situation (2) offer to make a payment

No one mentioned the fact that I called them yesterday about the last day of the 0% apr offer. I think that made a trigger to check my account.

What does AA stand for?