![]() 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.Paying Chase credit card bills with cash.Paying Chase credit card bills with third party checks (even checks that are written out to Chase but coming from a third party bank account).It seems that Chase is also closing down accounts for the following reasons: It is believed that Chase is following very similar guidelines to detect bust-out fraud. Unusual purchase amounts ($1000 at the dry cleaners).Purchases from high risk, high-value merchants.Multiple payments made within one billing period from different accounts and different sources.Then they ran up high balances and disappeared.Įxperian white papers pointed out the following activities to be considered indicators of a bust out scam : ![]() ![]() Slowly, they were able to build up trust by banks and get approved for high credit card limits. Fraudulent people were building credit by paying their bills on time and keeping their utilization low. Why do Chase shutdowns happen?Ĭhase is trying to fight what is called bust out fraud. Many people recently reached out to us for assistance on this matter. Recently, we are seeing a great number of people having all their accounts shut down by Chase. Why do Chase shutdowns happen? Avoiding a Chase shut-down What can be done after I was shut down by Chase? Chase shutdowns are not for life Conclusion
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