@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@Anonymous wrote:What I understand is She(OP) Had 5 Chase credit cards with Chase Business and Personal
Chase closed 3 cards on her (Chase Slate ($3K), Chase Ink Cash ($8K), Chase Ink Plus ($5K) )
Leaving her only with Amazon ($1.7K) and Amazon Corp ($5K)
SO clearly not the available credit issue just too many cards from Chase's point of viewMy question is if someone is doing 50k transactions a month, why is the limit on the card so low? Was the 50k transaction a month done when the ccount was originally opened in 2008? or was it after a few years then a surge in transactions? Was this cash deposits and if so how often? Was a CTR filled out for any cash deposit over 10k to let the government know of such deposits or was it always below 10k to avoid filling the form? If so, did someone fill out a suspicious transaction report? We have to look at the entire picture and try to figure out exactly what triggered this.
My understanding this person had a Merchant account with Chase as well... Doin't quote me on this... Don't think she was trying to hide anything.
I don't think so either but the closure doesn't make sense. She only had 16k on all 3 cards with chase. What kind of business was it ? I guess I am just trying to understand what will trigger such an action.
Three different business If I remember right and I don't believe anyone asked what type of business as I doubt that really would apply unless it was a Pot shop in Colorado or Washington
.. Which in those cases, they don't take CC's being merchant accounts lol. I am 99.9% sure it wasn't that type of business
Ha..ha. You are funny CC. The reason why I asked is because the bank's deem some business as high risk and when often time to avoid problems, the account is often coded. For example, like a check cashing business - BOA and Chase consider those very high risk.. But we don't know the story and all in all, chase as a courtesy should have given OP the heads up and also to make other arrangement. Closing the account without the "intent to notice" was not cool.
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@Anonymous wrote:What I understand is She(OP) Had 5 Chase credit cards with Chase Business and Personal
Chase closed 3 cards on her (Chase Slate ($3K), Chase Ink Cash ($8K), Chase Ink Plus ($5K) )
Leaving her only with Amazon ($1.7K) and Amazon Corp ($5K)
SO clearly not the available credit issue just too many cards from Chase's point of viewMy question is if someone is doing 50k transactions a month, why is the limit on the card so low? Was the 50k transaction a month done when the ccount was originally opened in 2008? or was it after a few years then a surge in transactions? Was this cash deposits and if so how often? Was a CTR filled out for any cash deposit over 10k to let the government know of such deposits or was it always below 10k to avoid filling the form? If so, did someone fill out a suspicious transaction report? We have to look at the entire picture and try to figure out exactly what triggered this.
My understanding this person had a Merchant account with Chase as well... Doin't quote me on this... Don't think she was trying to hide anything.
I don't think so either but the closure doesn't make sense. She only had 16k on all 3 cards with chase. What kind of business was it ? I guess I am just trying to understand what will trigger such an action.
Three different business If I remember right and I don't believe anyone asked what type of business as I doubt that really would apply unless it was a Pot shop in Colorado or Washington
Ha..ha. You are funny CC. The reason why I asked is because the bank's deem some business as high risk and when often time to avoid problems, the account is often coded. For example, like a check cashing business - BOA and Chase consider those very high risk.. But we don't know the story and all in all, chase as a courtesy should have given OP the heads up and also to make other arrangement. Closing the account without the "intent to notice" was not cool.
Ya no one is arguing that Chase should of gave some warning prior to closing the account... Alot of banks don't for whatever reason. You think they would have some curtiousy, but most lenders don't. They close it then you might get a letter in the mail explaining it. I would LOVE the EO office of Chase to see this thread... This is not good PR at all for them. I would love to hear there side without being specific about this particular customer obviously, but that will never happen. This has slightly tarnished my outlook of Chase.. I use to only hate BofA then just not like Cap1 mainly there CSR's, but this leaves a bit of a bitter taste in my mouth with Chase as well.
Diversify is still the best answer that has come from this thread
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@Anonymous wrote:What I understand is She(OP) Had 5 Chase credit cards with Chase Business and Personal
Chase closed 3 cards on her (Chase Slate ($3K), Chase Ink Cash ($8K), Chase Ink Plus ($5K) )
Leaving her only with Amazon ($1.7K) and Amazon Corp ($5K)
SO clearly not the available credit issue just too many cards from Chase's point of viewMy question is if someone is doing 50k transactions a month, why is the limit on the card so low? Was the 50k transaction a month done when the ccount was originally opened in 2008? or was it after a few years then a surge in transactions? Was this cash deposits and if so how often? Was a CTR filled out for any cash deposit over 10k to let the government know of such deposits or was it always below 10k to avoid filling the form? If so, did someone fill out a suspicious transaction report? We have to look at the entire picture and try to figure out exactly what triggered this.
My understanding this person had a Merchant account with Chase as well... Doin't quote me on this... Don't think she was trying to hide anything.
I don't think so either but the closure doesn't make sense. She only had 16k on all 3 cards with chase. What kind of business was it ? I guess I am just trying to understand what will trigger such an action.
Three different business If I remember right and I don't believe anyone asked what type of business as I doubt that really would apply unless it was a Pot shop in Colorado or Washington
Ha..ha. You are funny CC. The reason why I asked is because the bank's deem some business as high risk and when often time to avoid problems, the account is often coded. For example, like a check cashing business - BOA and Chase consider those very high risk.. But we don't know the story and all in all, chase as a courtesy should have given OP the heads up and also to make other arrangement. Closing the account without the "intent to notice" was not cool.
Ya no one is arguing that Chase should of gave some warning prior to closing the account... Alot of banks don't for whatever reason. You think they would have some curtiousy, but most lenders don't. They close it then you might get a letter in the mail explaining it. I would LOVE the EO office of Chase to see this thread... This is not good PR at all for them. I would love to hear there side without being specific about this particular customer obviously, but that will never happen. This has slightly tarnished my outlook of Chase.. I use to only hate BofA then just not like Cap1 mainly there CSR's, but this leaves a bit of a bitter taste in my mouth with Chase as well.
Diversify is still the best answer that has come from this thread
Do they care though, is the question?
300 Million people. You figure at least 10 percent of that population can get one of their CC's. 30 Million, 1 person or even 1,000 people are a drop in the bucket.
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:Ya no one is arguing that Chase should of gave some warning prior to closing the account... Alot of banks don't for whatever reason. You think they would have some curtiousy, but most lenders don't. They close it then you might get a letter in the mail explaining it. I would LOVE the EO office of Chase to see this thread... This is not good PR at all for them. I would love to hear there side without being specific about this particular customer obviously, but that will never happen. This has slightly tarnished my outlook of Chase.. I use to only hate BofA then just not like Cap1 mainly there CSR's, but this leaves a bit of a bitter taste in my mouth with Chase as well.
Diversify is still the best answer that has come from this thread
Do they care though, is the question?
300 Million people. You figure at least 10 percent of that population can get one of their CC's. 30 Million, 1 person or even 1,000 people are a drop in the bucket.
Probably they wouldn't Nixon, unless it embarrased them in some way. This community is just a very tiny drop in the bucket.. Bad PR is bad PR though and they get enough of that in the news and fined billions each year and move along getting fined year after year just ike every year.. Just take the fines and continue doing business as normal.. So I guess you are right. I still would like them to see it. I feel bad for the personal bankers of this person, basically they got castrated and have absolutely no power.
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:Ya no one is arguing that Chase should of gave some warning prior to closing the account... Alot of banks don't for whatever reason. You think they would have some curtiousy, but most lenders don't. They close it then you might get a letter in the mail explaining it. I would LOVE the EO office of Chase to see this thread... This is not good PR at all for them. I would love to hear there side without being specific about this particular customer obviously, but that will never happen. This has slightly tarnished my outlook of Chase.. I use to only hate BofA then just not like Cap1 mainly there CSR's, but this leaves a bit of a bitter taste in my mouth with Chase as well.
Diversify is still the best answer that has come from this thread
Do they care though, is the question?
300 Million people. You figure at least 10 percent of that population can get one of their CC's. 30 Million, 1 person or even 1,000 people are a drop in the bucket.
Probably they wouldn't Nixon, unless it embarrased them in some way. This community is just a very tiny drop in the bucket.. Bad PR is bad PR though and they get enough of that in the news and fined billions each year and move along getting fined year after year just ike every year.. Just take the fines and continue doing business as normal.. So I guess you are right
I think they would only care if its bad pr if national news or publication posted something negative about them
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:Ya no one is arguing that Chase should of gave some warning prior to closing the account... Alot of banks don't for whatever reason. You think they would have some curtiousy, but most lenders don't. They close it then you might get a letter in the mail explaining it. I would LOVE the EO office of Chase to see this thread... This is not good PR at all for them. I would love to hear there side without being specific about this particular customer obviously, but that will never happen. This has slightly tarnished my outlook of Chase.. I use to only hate BofA then just not like Cap1 mainly there CSR's, but this leaves a bit of a bitter taste in my mouth with Chase as well.
Diversify is still the best answer that has come from this thread
Do they care though, is the question?
300 Million people. You figure at least 10 percent of that population can get one of their CC's. 30 Million, 1 person or even 1,000 people are a drop in the bucket.
Probably they wouldn't Nixon, unless it embarrased them in some way. This community is just a very tiny drop in the bucket.. Bad PR is bad PR though and they get enough of that in the news and fined billions each year and move along getting fined year after year just ike every year.. Just take the fines and continue doing business as normal.. So I guess you are right
Agreed, there was one guy on here, I think enharu is his/her name. Once the account was closed, he/she contected EO and they were immediately re-instated. So if OP is not too angry, perhaps that route will be the best than the business banker.
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@Anonymous wrote:What I understand is She(OP) Had 5 Chase credit cards with Chase Business and Personal
Chase closed 3 cards on her (Chase Slate ($3K), Chase Ink Cash ($8K), Chase Ink Plus ($5K) )
Leaving her only with Amazon ($1.7K) and Amazon Corp ($5K)
SO clearly not the available credit issue just too many cards from Chase's point of viewMy question is if someone is doing 50k transactions a month, why is the limit on the card so low? Was the 50k transaction a month done when the ccount was originally opened in 2008? or was it after a few years then a surge in transactions? Was this cash deposits and if so how often? Was a CTR filled out for any cash deposit over 10k to let the government know of such deposits or was it always below 10k to avoid filling the form? If so, did someone fill out a suspicious transaction report? We have to look at the entire picture and try to figure out exactly what triggered this.
My understanding this person had a Merchant account with Chase as well... Doin't quote me on this... Don't think she was trying to hide anything.
I don't think so either but the closure doesn't make sense. She only had 16k on all 3 cards with chase. What kind of business was it ? I guess I am just trying to understand what will trigger such an action.
Three different business If I remember right and I don't believe anyone asked what type of business as I doubt that really would apply unless it was a Pot shop in Colorado or Washington
He/She sells sea shells down by the sea shore... Who cares?
OP, I am sorry and amazed that this happened to you. I have no accounts with Chase, DW has two of them, and my sister is a big fan.
Maybe Social Media would get the ball rolling. I had my first Discover app cancelled because Discover did not call any of the two phone numbers I put on my application for verification. They decided to look up in some phone directory instead and called another person with the same name in the same state 
Glad this person was honest to say that she never submitted an app. I was bothering Discover for the reason to why my application did not get declined but cancelled. Yes this is not the same. Cancelled means never processed to the end and and confirming that I never got a call from them for verification a supervisor decided to listen to the tape and found out they had their own way to do some verification and called the complete wrong person on a number they found in a directory rather than the numbers I gave them. Just saying that without Facebook nobody would have bothered to look at what really happened on their end. I know this has nothing to do with what happened to OP but just an example that without me bothering Discover enough to find out WHY.....I would not have that card today. Believe me I was stubborn and used all kind of channels to try to find out what the reason was behind and it took only 1 person to look closer at the case and I got my reason and also the card.