Chase has kicked me out...where to now?

[Anonymous]

It may be that Chase is very sensitive to certain industries. I know from my own experience where I use my card to transfer funds to a predictive website, which is considered investing, Chase will decline the transaction where all my other cards won't get declined when used.

One possible way to guage which lender might be more lenient is to look at how they handle other things. How strict are they? For example, which issuers OK transactions on other iffy sites. Which ones do not charge cash advance fees for purchasing lottery tickets at convenience stores. Which ones are easier to get CLIs, etc. Thinking that way, Chase and Cap One are tougher and therefore might not be the best issuers to use.

Of course that's not a fail-safe way to approach it, but if you have no idea and have to guess, it might be a way to approach it.

[Anonymous]

Presumably OP has checked credit reports and reviewed recent transactions.  I think it's fairly rare for Chase (or any bank) to suddenly discover someone's industry or suddenly decide they don't like that person's industry.    Has something changed (e.g. changing name from "Honest Bob's Donuts" to "Money Laundering R Us" for example!)

ETA: but very much agree with keeping credit cards and banking with separate institutions, particulary if you are doing something than an issuer may decide not to like

[Remedios]

As previously stated, post was removed clarifying the nature of the business.

OP isn't doing anything "shady", but in his line of work, it's hard to find banking institution.

Most if those where I live depend on one or two credit unions willing to do business with type of industry they are in.

Let's move on from type of industry because my hints have stopped 4 letters short of spelling it. 

Here are random otter and polar bear 🐻‍❄️🦦

[Anonymous]

Since you're already an AU, I recommend the AMEX Plat. Currently it has a historically high SUB offer on Resy.com, or just google: Resy AMEX. 75K MR points after $5K spend in 6 months; not the usual 3 months. In addition to their normal benefits, they're offering 20% back as statement credit on dining in first 12 months of card ownership, up to $300 cash back. Also they are 10x points on U.S. gas stations and supermarkets (not Costco, Walmart, Target, etc.) in first 6 months on up to $15K in purchases. Unless you're targeted for the 100K or 125K MR point offer on Card Match, this is one of the best offers ever. Though not confirmed by AMEX, most credit gurus expect this offer to appear on AMEX's website in a few days, to allow folks to use referrals and the ability to earn MR points. However if you can't wait, Resy.com is the way to go. There's also an increased offer on the AMEX Gold if that's more suits your organic daily spend.

I figured you should just leverage that relationship you already have with AMEX.

[K-in-Boston]

---

@Anonymous wrote:

Since you're already an AU, I recommend the AMEX Plat. Currently it has a historically high SUB offer on Resy.com, or just google: Resy AMEX. 75K MR points after $5K spend in 6 months; not the usual 3 months. In addition to their normal benefits, they're offering 20% back as statement credit on dining in first 12 months of card ownership, up to $300 cash back. Also they are 10x points on U.S. gas stations and supermarkets (not Costco, Walmart, Target, etc.) in first 6 months on up to $15K in purchases. Unless you're targeted for the 100K or 125K MR point offer on Card Match, this is one of the best offers ever. Though not confirmed by AMEX, most credit gurus expect this offer to appear on AMEX's website in a few days, to allow folks to use referrals and the ability to earn MR points. However if you can't wait, Resy.com is the way to go. There's also an increased offer on the AMEX Gold if that's more suits your organic daily spend.

I figured you should just leverage that relationship you already have with AMEX.

---

American Express doesn't consider AUs to have any type of relationship with them, unfortunately.  (Although a previously bad relationship can prevent one from becoming an authorized user.)  The only benefit to being an Amex AU when applying for a primary Amex card would be any positive impact to a credit report, which is only one of numerous considerations Amex makes in the underwriting process.

[sjt]

Sorry that you have to go through all this. 

I would definitely keep your personal and business accounts at separate banks. 

[joltdude]

A friend of mine ran a small ISP out of his house years ago, and ran into similar problems but with CC processors... because it was considered a high risk for chargebacks... oddly enough.. he was able to be grandfathered into one of the floral credit card processors (Think it was teleflora)  before they thought that buisness/merchant category had a too high a rate of chargebacks and fraud.... Id be seeing if i can find a credit union thats friendly to your industry... and id definitely keep multiple accounts ... dont rely on one checking or card account... 

Good luck

-J