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Author Topic: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!  (Read 86899 times)

Offline SearchGuy

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I know a LOT of people (myself included) that Chase closed all their credit cards due to to Chase deciding to end their banking relationship with them,
Regardless of the reason of these terminations, there are plenty of other banks that offer the same services, even if a little bit less, losing their credit cards is far worse than not banking with them to begin with.
I think hundreds of people can agree with what I say.
If you already have an account with them I'd suggest to close it and say good bye to their banking...

Offline shapsam

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #1 on: June 25, 2018, 11:48:14 AM »
I know a LOT of people (myself included) that Chase closed all their credit cards due to to Chase deciding to end their banking relationship with them,
Regardless of the reason of these terminations, there are plenty of other banks that offer the same services, even if a little bit less, losing their credit cards is far worse than not banking with them to begin with.
I think hundreds of people can agree with what I say.
If you already have an account with them I'd suggest to close it and say good bye to their banking...
Why do you thing that it has something to do with the bank accounts?

Offline Mordyk

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #2 on: June 25, 2018, 11:48:47 AM »
I know a LOT of people (myself included) that Chase closed all their credit cards due to to Chase deciding to end their banking relationship with them,
Regardless of the reason of these terminations, there are plenty of other banks that offer the same services, even if a little bit less, losing their credit cards is far worse than not banking with them to begin with.
I think hundreds of people can agree with what I say.
If you already have an account with them I'd suggest to close it and say good bye to their banking...
yup. i was not closed down. but so many clients were closed for no solid reason.  i wonder if they can continue forever like this...
#TYH

Offline SearchGuy

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #3 on: June 25, 2018, 11:48:56 AM »
Why do you thing that it has something to do with the bank accounts?
That's their reasoning

Offline Dan

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #4 on: June 25, 2018, 11:50:56 AM »
Depends what kind of banking you do.
If you do a lot of cash, money order, and wire transactions, this is probably true.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #5 on: June 25, 2018, 11:55:34 AM »
I know a LOT of people (myself included) that Chase closed all their credit cards due to to Chase deciding to end their banking relationship with them,
Regardless of the reason of these terminations, there are plenty of other banks that offer the same services, even if a little bit less, losing their credit cards is far worse than not banking with them to begin with.
I think hundreds of people can agree with what I say.
If you already have an account with them I'd suggest to close it and say good bye to their banking...

Pumpt fakert!(Just the opposite)

Understanding the banker's pay structure can work you wonders.

Feelings don't care about your facts

Offline SearchGuy

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #6 on: June 25, 2018, 11:56:59 AM »
Pumpt fakert!(Just the opposite)
Dunno where you are getting your info from... But that's my and hundreds of other people's experience

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #7 on: June 25, 2018, 11:59:07 AM »
Dunno where you are getting your info from... But that's my and hundreds of other people's experience

Did they do what I quoted?
Feelings don't care about your facts

Offline AJK

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #8 on: June 25, 2018, 12:01:13 PM »
You guys are talking over each other.

There's no dispute traditional banking provides profit to a bank. There's similarly no dispute that unusual banking practices will cause lenders, including Chase, to torpedo the entire relationship--including CCs, etc.

Closing banking (a profit center) will not increase chances of torpedo, but ceasing (or avoiding altogether) unusual high-risk banking practices will decrease it.
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Offline SearchGuy

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #9 on: June 25, 2018, 12:03:08 PM »
Depends what kind of banking you do.
If you do a lot of cash, money order, and wire transactions, this is probably true.
I did not do these types of activity, in either case the chances that they will come after you because of banking issues is not worth the risk of getting all CC's closed

Offline pcgeek

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #10 on: June 25, 2018, 12:05:45 PM »
I did not do these types of activity
What about buying groups?

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #11 on: June 25, 2018, 12:07:06 PM »
What about buying groups?
I know people that had nothing to do with buying groups and still had their accounts closed with the reason of banking relationship termination, why get into possible trouble when you can simply choose to avoid them

Offline dpk4588

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #12 on: June 25, 2018, 12:10:48 PM »
Was there a recent wave of new account closings?

Also, why does this need a new thread? Whats wrong with this one?
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Offline SearchGuy

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #13 on: June 25, 2018, 12:19:26 PM »
Was there a recent wave of new account closings?

Also, why does this need a new thread? Whats wrong with this one?
Yes
This is a PSA to make people aware of what's going on

Offline ChaimMoskowitz

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #14 on: June 25, 2018, 12:29:24 PM »
I do all kind of grey activity. Yes I was closed down and know exactly why. All family members accounts are going strong while avoiding known high risk activity. Should I close all their accounts? Maybe if I have stupid written on my forehead!
I just found a new supply of forks!

Offline Aerial Dag

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #15 on: June 25, 2018, 12:30:53 PM »
I just find this whole thing hard to believe. I have to assume that there was something else going on like depositing checks much larger than their typical balances and paying off really high credit card bills that didn't commensurate with their salaries or direct deposits from employers.

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #16 on: June 25, 2018, 12:32:12 PM »
Some of you need to realize that Chase is in the banking business.
Feelings don't care about your facts

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #17 on: June 25, 2018, 12:32:31 PM »
I know people that had nothing to do with buying groups and still had their accounts closed with the reason of banking relationship termination, why get into possible trouble when you can simply choose to avoid them
+1

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #18 on: June 25, 2018, 12:55:55 PM »
I do all kind of grey activity. Yes I was closed down and know exactly why. All family members accounts are going strong while avoiding known high risk activity. Should I close all their accounts? Maybe if I have stupid written on my forehead!
What are the plus' that you feel necessary to stay with them?

Offline ChaimMoskowitz

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Re: PSA: DO NOT BANK WITH CHASE OR YOUR CREDIT CARDS MAY GET CLOSED!
« Reply #19 on: June 25, 2018, 01:00:13 PM »
What are the plus' that you feel necessary to stay with them?
1mm+ UR points per year. That is getting harder for me to hit now.
I just found a new supply of forks!