Author Topic: chase closing your accounts  (Read 4912 times)

Offline RANDOMONE

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chase closing your accounts
« on: November 01, 2011, 04:42:03 PM »
hey someone told me that he has a friend who had all his chase cards closed on him randomely. anyone heard of such a thing happening...just a little nervous about this

Offline AsherO

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Re: chase closing your accounts
« Reply #1 on: November 01, 2011, 04:43:12 PM »
hey someone told me that he has a friend who had all his chase cards closed on him randomely. anyone heard of such a thing happening...just a little nervous about this

Yes, I've heard of it. "Someone's friend" probably has a clue why this happened.
« Last Edit: November 01, 2011, 04:49:02 PM by AsherO »
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Offline yaakov s

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Re: chase closing your accounts
« Reply #2 on: November 01, 2011, 04:44:10 PM »
hey someone told me that he has a friend who had all his chase cards closed on him randomely. anyone heard of such a thing happening...just a little nervous about this
Does this post explain your username  ;)

Offline RANDOMONE

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Re: chase closing your accounts
« Reply #3 on: November 01, 2011, 04:50:24 PM »
lol i hear makes sense what ure saying.

Offline HelpMe

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Re: chase closing your accounts
« Reply #4 on: November 02, 2011, 01:36:14 AM »
Donít mess with Chase. They have been closing accounts and they take no prisoners. They will close all CC, checking and savings in the same household. It is not random and I am sure you (sorry, your friend) knows why.
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Offline AsherO

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Re: chase closing your accounts
« Reply #5 on: November 02, 2011, 01:38:40 AM »
Donít mess with Chase. They have been closing accounts and they take no prisoners. They will close all CC, checking and savings in the same household. It is not random and I am sure you (sorry, your friend) knows why.

I'm not sure it's always that they also close bank accounts. IIRC that isn't always the case.
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Offline HelpMe

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Re: chase closing your accounts
« Reply #6 on: November 02, 2011, 01:50:24 AM »
That has been happening more recently. There is a FWF thread with some data points. A lot more data points via PM. It involves the AARP card. I am sure you can guess what type of charges was put on it.
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Offline dans fan

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Re: chase closing your accounts
« Reply #7 on: November 02, 2011, 09:15:06 AM »
That has been happening more recently. There is a FWF thread with some data points. A lot more data points via PM. It involves the AARP card. I am sure you can guess what type of charges was put on it.
can you link

Offline HelpMe

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Re: chase closing your accounts
« Reply #8 on: November 02, 2011, 09:35:19 AM »
From FWF:

All our household Chase Credit Cards got closed due to the closure of the new AAPR card, likely due to three runs of close-to-credit-line payments pushed from outside billpay system within the first three weeks after receiving the card for legitimate expenses (rough repair, vet visits, etc). No churning. Credit line was 4K.

Well, lesson learned: don't push too hard even though the expenses are legitimate. They don't like you spending over your credit limit too much and pay off too quick, too often.


and this one:

Follow-up about my little white friend. Chase closed all cc accounts for me and spouse. Not complaining, it was fun while it lasted. Below is the email I received from them.
-------------------------
We received word from Chase that we must deactivate your Square account due to potential money laundering. As such, we will be unable to complete any refunds on your account.

Thanks,

Omar
Square Risk


and others.
« Last Edit: November 02, 2011, 11:12:39 AM by Dan »
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Offline fusioncredit

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Re: chase closing your accounts
« Reply #9 on: November 02, 2011, 02:38:00 PM »
From FWF:

All our household Chase Credit Cards got closed due to the closure of the new AAPR card, likely due to three runs of close-to-credit-line payments pushed from outside billpay system within the first three weeks after receiving the card for legitimate expenses (rough repair, vet visits, etc). No churning. Credit line was 4K.

Well, lesson learned: don't push too hard even though the expenses are legitimate. They don't like you spending over your credit limit too much and pay off too quick, too often.


and this one:

Follow-up about my little white friend. Chase closed all cc accounts for me and spouse. Not complaining, it was fun while it lasted. Below is the email I received from them.
-------------------------
We received word from Chase that we must deactivate your Square account due to potential money laundering. As such, we will be unable to complete any refunds on your account.

Thanks,

Omar
Square Risk


and others.

Wow that's crazy! So Chase owns the SquareUp merchant processing?

Offline AsherO

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Re: chase closing your accounts
« Reply #10 on: November 02, 2011, 02:57:19 PM »
Wow that's crazy! So Chase owns the SquareUp merchant processing?

No, the card issuer alerted the processor that's it.
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Offline mikel1

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Re: chase closing your accounts
« Reply #11 on: November 03, 2011, 12:23:12 AM »
My question is now that the accounts got closed how long to wait till he should try reapplying with chase and other credit card companies?

Offline HelpMe

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Re: chase closing your accounts
« Reply #12 on: November 03, 2011, 12:54:58 AM »
No way to really know. Not a lot of data points on this one. Have seen some reopen after a year. This is most likely YMMV.
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Offline clownaparte

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Re: chase closing your accounts
« Reply #13 on: November 03, 2011, 01:45:03 AM »
From FWF:

All our household Chase Credit Cards got closed due to the closure of the new AAPR card, likely due to three runs of close-to-credit-line payments pushed from outside billpay system within the first three weeks after receiving the card for legitimate expenses (rough repair, vet visits, etc). No churning. Credit line was 4K.

Well, lesson learned: don't push too hard even though the expenses are legitimate. They don't like you spending over your credit limit too much and pay off too quick, too often.


and this one:

Follow-up about my little white friend. Chase closed all cc accounts for me and spouse. Not complaining, it was fun while it lasted. Below is the email I received from them.
-------------------------
We received word from Chase that we must deactivate your Square account due to potential money laundering. As such, we will be unable to complete any refunds on your account.

Thanks,

Omar
Square Risk


and others.

Ouch!

Offline myi

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Re: chase closing your accounts
« Reply #14 on: May 19, 2017, 02:10:35 AM »
Anything to do to keep this open??

Don't try to be someone else , be who you are because everyone else is taken.