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wrote:chase bank is so lame like this. yes its better to not have fraud but i could live without them sometimes. they have done the same thing to many people. call the fraud department and the executive office. thats one reason its the last card i reach for if i am paying in public. you never know if the thing is going to work. amex and boa ALWAYS work.
Chase is very predictable (and, in my view, very reasonable). They freeze new cards for a number of reasons: app sprees, sudden high utilization across all cards, and (most frequently) attempts to meet the spending goal for the signup bonus at breakneck speed through non-organic spending. In each case, the cardholder is engaging in behavior that implies a desperate search for new credit and bonuses, so Chase wants to re-assess their risk.
spot on. besides nfcu I cannot dream of a more stable lender to spend with and sapphire it is not-outsourced, a big plus. 5/24 caused a flurry to get cards up front so in a way they caused much of the shut issues. amex has one a lifetime. they all have their +/- just hope the op can get past their situation, shame to lose such a nice card
I can name a few that are more stable IME. lol
Never a hiccup or card issue. That would be USAA, Citi Bank, Penfed, NASA FCU,, AMEX. I'm sure I can think of some others..give me a minute. 😂
I can make a large purchase. I don't have to creep around or tip toe with payments. I don't have to rush and call to say I'm going to use the card for what it is intended. Chase can be a little ridiculous at times. Not the worst lender but surely not the cream of this crop either.
I hope OP gets it straightened out. I suggest adding another solid lender down the road OP. One of the many reasons not to stack your eggs in the same basket.
I'm new to most of the issuers in my sig, but Citizens Bank has been solid for 8 years, and BoA solid for 18.
[I've had issues with the way Citi has treated both real fraud (too high a threshold, and lowered credit availability for 2+ weeks) and suspected fraud (too low a threshold, preventing me from purchasing a laptop -- not an issue on my BoA card).]
4theLoveofPoints wrote:
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Some folks switch all of their spending to a new bonus card and can rack up charges quite quickly and don’t MFS.
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MFS?
just a comment and I could totally be wrong about this but
Not everyone uses credit cards like the people on this fourm do.
Most people have credit cards to buy things that they can't purchase because they dont have the cash to do so and pay them off over time.
Thats a huge part of how credit card companies make money. Yes Its probably not a good idea to do that at first with large amounts.
But say the balance on his card is 2200 and he pays 1700. thats $500 bucks left on the card. Not really all that much if you really think about it. They gave him a revolving credit line, its not the end of the world if $500 sits on the card for a couple weeks IMO. with being a new card his due date might be in march.
Obviously during an account review. It would be better to PIF and just leave it alone, but $500 revolving isnt the end of the world and its certainly better then being completely broke with no money, and already had to borrow money to pay the card off. IF they do shut the card off after he just borrowed money to PIF. He's going to be going upstream without a paddle.
Credit card companies like people that pay interest and dont carry HUGE balances as long as the payments are on time and well over the minimum.
