If you run a life or a business that requires you to behave in a bit more of a complicated manner than what was outlined above, then rather don’t bother with Chase.Īt Help Me Build Credit we can help you choose the perfect new credit card. You can try to have shutdowns avoided by being a really perfect consumer without any ‘shtick’. The recent Chase shutdowns target many people for many reasons. If you do get declined, don’t try again every day, wait till next year and hopefully one day you will get the good news and your account will be approved. If you’re shut down, I recommend you try to apply for a Chase credit card once a year and see if you get approved or not. The average is about 7 years but I have seen some going quicker as well (and some longer). At the same rate that I hear people getting shut down I also hear people getting back in. Once you’re shut down by Chase it can take years for you to get back in. Chase will need to respond to your complaint. If you feel your accounts were shut down due to discrimination you can file a complaint against Chase with the Consumer Protection Financial Bureau. You can ask your local banker or branch manager to help you get connected to the corporate office. If you feel you were unfairly shut down by Chase, I recommend you call Chase corporate to have it investigated and reconsidered. Some people are reporting that they have managed to have their accounts reinstated after reaching out to Chase to be reconsidered. They usually do not give much of a reason to the consumer as to why they were shut down. What can be done after I was shut down by Chase?Ĭhase claims they have the right to close any customer’s accounts at any time for any reason. (When I recently reviewed my Experian credit report I found 3 soft credit inquiries done by Chase). Chase always has the right to make a soft credit pull on any customer’s credit report. Reviews may also be triggered randomly, even if you don’t apply for a credit card. This may cause your existing credit cards to get shut down too. So another way to avoid a Chase shutdown is not to be an AU on any other Chase account without checking into it first! (Bad friends were never good for anything!)Īlso, make sure not to apply for a Chase account or ask for a credit line increase if your credit report is showing many recent credit inquiries, a lot of new credit, or high credit utilization. What happened frequently, when a person was shut down by Chase, the authorized users on their accounts had their own accounts shut down too.
Convenience checks, cash advances, multiple payments within the same billing cycles coming from different accounts, third party checks, cash payments, high risk or high-value purchases, unusual purchasing patterns, should all be avoided while using any of your Chase credit card accounts (if one goes then so will all). Obviously, the way to avoid a Chase shut down is by avoiding any of the activities expressed above. Lowering your credit limit to avoid paying the annual fee on the Chase Sapphire Reserve, and, Ritz Carlton credit card.Gaming with reward points, like selling points, etc.