Chase Bank Closing Credit Card Accounts

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[sinned]

That's 2800 not 2.8 million and it's also 1800.00 not 1.8 million

[jackfrost]

I paid off my car loan last month and my credit score went down 30 points due to a closed account. Did they expect me to have a lifetime car payment to have a good credit score. Horrible system.

[KittyKat-vbnd]

People forget this is NOT your money. Its a loan. They can elect to do what they choose

[lawrence]

Tbh some of these are legit reasons. Some should’ve definitely been just warnings. I’m not the biggest fan of chase but it makes sense

[HighGek]

This is why you never rely on credit cards for bills. They are an addition and perk to your finances, not a necessity.

[DreLBrown]

So far all I’m hearing is Chase actually had reasons for closing out these account. You haven’t given any data points that shows that Chase is actually closing out accounts for no reasons in my opinion. Your title seems a bit misleading or cat fishy to me.

[therelentlesslyempowered]

What’s funny about this whole conversation is that the title doesn’t say, “chase closes credit card accounts for no reason” it says “chase closes credit card accounts” PERIOD. What Cal revealed was data points giving reasons why they were closed. So to suggest that the title is “catfishy” is interesting. 🧐 but go off😂😂

[jaimelopez]

"check this data point" is my new drinking party game. Great info. Chase is a very interesting bank to study to understand banking relationships.

[sydney]

All banks have this ability and expect it to see a lot more of it with the horrific data on the economy. It's their money and they will lower their risks.

[grilledlettuce]

Most valuable YouTube video I’ve seen in months! Subbed.

[CallMeLani]

This could be frightening. All those points!!! Nice video, Cal

[easyy]

Great and informative video! I would say that the majority of people with these issues is due to their own actions. Like you said there is usually more to the story.

[DavidKnicks]

I just seen this video on Google news being linked by MSN. Dude you made it!!

[MyWitsEnd]

I saw a person comment on another channel, and they said... They had a 10k credit limit, and they paid it down and were happy. The next day, they lowered her credit limit from 10k to 300.00!

I'm not sure if they missed payment during all that, but just be cool and not run your credit into the ground. Especially in this economy.

[michaellockhart]

I had to use one credit card (not used for a couple of years) before losing the credit line and I suspect another card is going to press the same thing soon.
I also have always transferred the points to my bank account after they build up to over twenty dollars. I refuse to trust holding mass amounts of points for anything, unless I play for the NBA and I'm trying to get a new more lucrative contract.

[kbtken]

This video just saved me. I set up a Walgreens card last month and spent $20 when I activated the account but I forgot to setup auto pay for the card. My first payment was literally due tomorrow 😅

[dtsang]

Geez, I’ve done all of the things you listed. Chase has never shut down my cards.

[glitchy_weasel]

Very interesting video. Always be mindful of credit cardsn

[AquaticPolyps]

Banks should take the hit of unpaid balances of your card that they just randomly close for no good reason without it hitting your credit reports. Chase seems like it's too strict... These random closing off accounts can hurt your credit utilization.

[chriss]

Im ready to cash out my points now, hearing this