nipped wrote:
3. This purchase was actually not for me, and was time sensitive for it's user. Due to the nature of the relationship and circumstances, I basically had no choice, or at least the choice was be a total a-hole or decide to help make it happen. I decided to do this partially as an experiment and partially to make the transaction have the minimum cost to me and the user in terms of future interest.
Bail bond? Loan shark that takes Square payments? I'm going to keep guessing 
Lets give the OP some privacy here and get off trying to get him to disclose what it is, he would have done so if he wished. Thanks.
Interesting way of doing this..
I I wonder if other chase cards can be used to accomplish this? Not that I really want to experience it since it will have some neg effects obviously..
@Anonymous wrote:
It completely blows my mind that chase will let someone like this OP go over his limit that much, yet will not give me any credit, at all because I have to many new account. It really upsets me to see people use the system like this when I would kill to get anything from chase and would NOT EVER do anything this ridiculous or unethical or potentially immobilizing to my credit. Thanks op, it's going to be that much longer that chase lets me in the door because you aRe exactly why banks are gun shy! I feel bad that you where put into the predicament you are in, but you have to admit this is kind of crazy.
It's not the OP's fault that Chase made an option available to him that they may or may not make available to others.
Heck, if I had a sudden need and there was a financial vehicle available to meet that need, I wouldn't think twice about taking advantage of it... and most rational people wouldn't hesitate, either.
If Chase had a problem with what the OP did, the transactions wouldn't have been authorized to begin with... their technology definitely can handle that. The fact that they eventually closed his account indicates they weren't comfortable with him going any further, but clearly their algorithms were OK with the original transactions (each of the swipes).
I will agree with you that it's a bit crazy that Chase (or any bank) will assign a credit line, then basically allow you to completely ignore it - if you can disregard the CL, what's the point of having it, right?. This being said, the OP worked within the framework set up by Chase, and as much as it's made us collectively 'scratch out heads' he did follow the rules, albeit in an unorthodox way.
Nothing but respect from me to the OP for finding a workable 0% APR solution to an immediate problem. 
Maybe I'm failing here at reading comprehension, English not being my first language, but I'm struggling to understand what exactly is it that some people find so 'unethical' here.
Honestly, to me it looks like people are blaming others for their shortcomings or whatever. And give me a break, banks are the way they are because they will do everything they can to make profit, risk asessment included, not because some isolated guy got lucky.
