@Anonymous wrote:
@CreditCuriousity wrote:I am not reading anything in the update T&C saying GC's are abusing the system.. Skimmed through it completely... Opening and closing the account just for bonus purposes and such thing are or moving UR's points 3rd parites and stuff like that, but no mention how a little $50 GC could or would cause this.. Unless they are looking for reasons to close accounts.. Bottom line what I have read is if you meet the bonus and stop using your card al together you might have AA.
So, um..
If I open 5 Chase cards, Meet the spend on them one by one by using one until the spend is met and moving on to the next, I can be subject for AA? Even if it's only until such spend is met?
Winner! 
I am now taking the view with my Freedom card that it will be expendable. I'll use it for some stuff, but not much. And since Chase is alreay on my eggshells list, I am prepping myself to move on if necessary.
And those on this board who track specific 5% categories between Freedom, Discover, and Sallie Mae? You are hereby on notice from Chase: They will not take kindly to this "rewards management" trick.
@CreditCuriousity wrote:I am actually expecting to have my account shut down after what I am seeing and reading now from my research..
Why would they put a carrot out in front of you spend $500 and get $200 back? Of course I am going to do this in the first few days if I can..... One of my purchases was an Amazon GC... Since meeting the 500 I have put another 150 on it, but havent used it in the last week due to meeting spedning requirements on my Amex.
I think this has only began..... This is getting a bit scary now.. Nothing you can really do other then see if you are going to get hit.
I think the Carrot on the stick is the BS part of it...
The only way to manage it is to load the card with other "non-reward" spending, the way I read it. They want the swipe fees, and they offer the Bonus Categories as a dessert, not the main course.
This is indeed a major issue.
@NRB525 wrote:
@Anonymous wrote:
@CreditCuriousity wrote:I am not reading anything in the update T&C saying GC's are abusing the system.. Skimmed through it completely... Opening and closing the account just for bonus purposes and such thing are or moving UR's points 3rd parites and stuff like that, but no mention how a little $50 GC could or would cause this.. Unless they are looking for reasons to close accounts.. Bottom line what I have read is if you meet the bonus and stop using your card al together you might have AA.
So, um..
If I open 5 Chase cards, Meet the spend on them one by one by using one until the spend is met and moving on to the next, I can be subject for AA? Even if it's only until such spend is met?
Winner!
I am now taking the view with my Freedom card that it will be expendable. I'll use it for some stuff, but not much. And since Chase is alreay on my eggshells list, I am prepping myself to move on if necessary.
And those on this board who track specific 5% categories between Freedom, Discover, and Sallie Mae? You are hereby on notice from Chase: They will not take kindly to this "rewards management" trick.
I was planning on consolidating some cards at the end of next year regardless. Roll CSP into my Ritz, SWA into my Marriott, Leave Freedom as is.
And for those who are singing the praises of Chase recently, beware the bear. It has changed.