CHASE Account CLOSED/ UPDATED!!see message 56

[Anonymous]

---

@Anonymous wrote:

The sign up bonus was met in two months. I referred a friend (10k), added an authorized user (5k) so I have 20k points now, and 67k on the way. 

---

You've owned the card for 45 days if you got approved on March 30th. 

87,000 - 50,000 (sign-up bonus) = 37,000 - 10,000 (referral bonus) = 27,000 - 5,000 (authorized user bonus) = 22,000 points. 

22,000 points means you spent at least $11,000 on the card in the first 45 days. Not entirely unreasonable, but depending on what your credit limit is on the card, and combined with the unfortunate payment bounce, and your rather thin credit file and history, I think it's understandable why Chase is having a long, hard look at your account. Whether you are or not, this combination of things makes you seem risky to them. 

[NRB525]

---

@Anonymous wrote:

---

@Anonymous wrote:

The sign up bonus was met in two months. I referred a friend (10k), added an authorized user (5k) so I have 20k points now, and 67k on the way. 

---

You've owned the card for 45 days if you got approved on March 30th. 

87,000 - 50,000 (sign-up bonus) = 37,000 - 10,000 (referral bonus) = 27,000 - 5,000 (authorized user bonus) = 22,000 points. 

22,000 points means you spent at least $11,000 on the card in the first 45 days. Not entirely unreasonable, but depending on what your credit limit is on the card, and combined with the unfortunate payment bounce, and your rather thin credit file and history, I think it's understandable why Chase is having a long, hard look at your account. Whether you are or not, this combination of things makes you seem risky to them. 

---

I think OP may be double counting the two extra user bonuses. It sounds like the $3k minimum spend was just made, to get the 50k on the way. Add 15k for the bonuses.

[NRB525]

---

@UncleB wrote:

---

@Anonymous wrote:

That was not the problem. What I had was a simple mistake with the routing number. An old routing number was given instead of the new bank routing number. I changed it ASAP and made the payment. It processed perfectly. So I am surprised this happened. 

---

This especially sucks, since it really was out of your hands.

I would seriously consider the advice of some of the others here to transfer your UR points; you can always reapply for the card again later if this doesn't work out, but there's no point in forfeiting the points if you don't have to.

---

Yes, getting bad data from a local bank that is moving their ACH / Fed contacts would be the likely source. When setting up a bank as payment source, I use the checks they have issued me. 

I do do have to wonder, though, whether those “not yet delivered” points will get to OP’s UR account. 

[HeavenOhio]

It's been a while since I set up a payment account. But when doing that, isn't there generally something built into the system to make sure everything's hunky-dory before it's even possible to make a payment? That would avoid a mistake. Or worse, a person could grab a routing and account number off of someone else's check.

[fuzzle]

If Chase has such a zero-tolerance policy they should use micro-deposits to verify payment accounts, amazing how incompetent these big banks can be

[Anonymous]

On the banking side of its business Chase uses as least two methods to verify external bank accounts.  You can login into the receiving bank's account using your login ID and password through the Chase portal and they immediately verify the account.  For smaller banks, they use microdeposits.  I've used both methods; just last week I used the micro deposit method to transfer money to UNFCU.

But I've never seen a credit card that uses micro deposits to verify the payment account.  I have some Chase cards and they are all paid directly from a Chase account.  But when setting up payments accounts I always use the routing number on a check or deposit slip and double-checked by a Google search.

[fuzzle]

---

@Anonymous wrote:

But I've never seen a credit card that uses micro deposits to verify the payment account. 

---

There probably isn't one, but I don't think there is another bank that closes the account if the first payment attempt fails

[Anonymous]

They were travel expenses. 2.5k ok 1st month, paid in full, and 7.2k the other month, already prepaid. I always prepay to lower utilization, then pay account in full. So I really dont get the risky argument from their part. CL is 8k, never maxed it and prepaid it as soon as 7.2k posted.

[Anonymous]

Couldn’t agree more.

[Anonymous]

Still waiting for review to go through, called today, still pending. But, the awaiting UR is something that I am definitely curious about. As it appears as normal pending. Sure hope I get them at the very LEAST.