Comments on: After 16 Years, A Credit Card Account Gets Closed Without My Knowledge. http://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: kuhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-36435 ku Mon, 17 May 2010 18:33:40 +0000 http://www.mytwodollars.com/?p=2301#comment-36435 CHASE will shaft you by closing every "free"card without warning--even in constant use for far below credit limits. Even those listed as "open" with a limit if you check the Your Accounts Chase website will have been cancelled with no notice except when merchants decline. CHASE will shaft you by closing every “free”card without warning–even in constant use for far below credit limits. Even those listed as “open” with a limit if you check the Your Accounts Chase website will have been cancelled with no notice except when merchants decline.

]]> By: Allyhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-36139 Ally Mon, 22 Mar 2010 15:26:42 +0000 http://www.mytwodollars.com/?p=2301#comment-36139 I have had a Bank of America card since I was in college 8 years ago. It was called Clout when I first got it but BOA bought them a year later. Anyways, I had a small paycheck this week and needed some extra money to pay a bill. I decided to take the money out of my credit card. I went to the bank and asked to transfer the money into my account. I was surprised when the bank teller said that the credit card was declined. I called BOA and they told me that the card had been closed. I don't ever remember being told about it. I don't use the card very often but I thought I used it enough so they wouldn't close it. They told me that I could reinstate it but I would need to provide proof of my annual income and whether I rent or own. They would then evaluate my situation before they re-open the card. I'm self employed so I'm pretty sure they wouldn't re-open it for me. I might try though because this is the only card I have ever had so my credit score will go down if I don't. I have had a Bank of America card since I was in college 8 years ago. It was called Clout when I first got it but BOA bought them a year later. Anyways, I had a small paycheck this week and needed some extra money to pay a bill. I decided to take the money out of my credit card. I went to the bank and asked to transfer the money into my account. I was surprised when the bank teller said that the credit card was declined. I called BOA and they told me that the card had been closed. I don’t ever remember being told about it. I don’t use the card very often but I thought I used it enough so they wouldn’t close it. They told me that I could reinstate it but I would need to provide proof of my annual income and whether I rent or own. They would then evaluate my situation before they re-open the card. I’m self employed so I’m pretty sure they wouldn’t re-open it for me. I might try though because this is the only card I have ever had so my credit score will go down if I don’t.

]]> By: Credit Card Chaserhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34833 Credit Card Chaser Wed, 04 Nov 2009 07:25:25 +0000 http://www.mytwodollars.com/?p=2301#comment-34833 I made the mistake before of not using a credit card for a long time and they ended up canceling my card without warning too. Pretty sad that they didn't even bother to get a notice to me first. I made the mistake before of not using a credit card for a long time and they ended up canceling my card without warning too. Pretty sad that they didn’t even bother to get a notice to me first.

]]> By: Tim Moonhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34820 Tim Moon Tue, 03 Nov 2009 05:00:52 +0000 http://www.mytwodollars.com/?p=2301#comment-34820 This happened to my BofA credit card. Not that I really needed or used it but it was nice to know I could use the card if necessary. At least they told me though...I received a letter in the mail. This happened to my BofA credit card. Not that I really needed or used it but it was nice to know I could use the card if necessary. At least they told me though…I received a letter in the mail.

]]> By: David/yourfinances101bloghttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34819 David/yourfinances101blog Tue, 03 Nov 2009 03:38:48 +0000 http://www.mytwodollars.com/?p=2301#comment-34819 You're right--you don't matter. Never have, never will. They say the only thing you can do is to use these cards once every few months to prevent this. I have had cards closed, I had the limit on one cut from $21K to $5K and other loads of crap. As far as I can tell, not a thing I could do about it. You’re right–you don’t matter. Never have, never will. They say the only thing you can do is to use these cards once every few months to prevent this.

I have had cards closed, I had the limit on one cut from $21K to $5K and other loads of crap.

As far as I can tell, not a thing I could do about it.

]]> By: After 16 Years, A Credit Card Account Gets Closed Without My Knowledge. « Easy Business Newshttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34818 After 16 Years, A Credit Card Account Gets Closed Without My Knowledge. « Easy Business News Tue, 03 Nov 2009 01:24:35 +0000 http://www.mytwodollars.com/?p=2301#comment-34818 [...] Since 1993, when I was still in college, I have had a credit card with a certain company. Right now they call themselves FIA/IBS, but over the years they have been called various things. Well, as I said I have had this card on my credit report for 16 years, making it the longest line of credit I still have had open "“ until last week when they decided to close my account without even telling me. The card hadn't been used in about a year, as I only use my Chase Amtrak rewards card now, but Source: My Two Dollars RSS Feed [...] [...] Since 1993, when I was still in college, I have had a credit card with a certain company. Right now they call themselves FIA/IBS, but over the years they have been called various things. Well, as I said I have had this card on my credit report for 16 years, making it the longest line of credit I still have had open ““ until last week when they decided to close my account without even telling me. The card hadn’t been used in about a year, as I only use my Chase Amtrak rewards card now, but Source: My Two Dollars RSS Feed [...]

]]> By: Ronhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34817 Ron Mon, 02 Nov 2009 22:08:27 +0000 http://www.mytwodollars.com/?p=2301#comment-34817 I agree -- if it was so important and so good, why wait? I agree — if it was so important and so good, why wait?

]]> By: Davidhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34814 David Mon, 02 Nov 2009 19:04:41 +0000 http://www.mytwodollars.com/?p=2301#comment-34814 Yea, it does stink Miranda - pretty soon responsible borrowers might not even get to use credit cards anymore! Yea, it does stink Miranda – pretty soon responsible borrowers might not even get to use credit cards anymore!

]]> By: Davidhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34813 David Mon, 02 Nov 2009 19:03:56 +0000 http://www.mytwodollars.com/?p=2301#comment-34813 Funny, Ron - you got that right. :) Citibank is another company that seems to really enjoy screwing people over lately. The govt should have put these new CARD laws into place the day they passed the legislation, not months later, which gave the companies time to do this crap. Funny, Ron – you got that right. :) Citibank is another company that seems to really enjoy screwing people over lately. The govt should have put these new CARD laws into place the day they passed the legislation, not months later, which gave the companies time to do this crap.

]]> By: Nicole @ RainyDaySaverhttp://www.mytwodollars.com/2009/11/02/after-16-years-a-credit-card-account-gets-closed-without-my-knowledge/#comment-34811 Nicole @ RainyDaySaver Mon, 02 Nov 2009 16:21:41 +0000 http://www.mytwodollars.com/?p=2301#comment-34811 Chase closed my card without telling me, and FIA cut my credit limit in half (not that I came anywhere close to either limit). But Capital One recently doubled my limit after 6 years. You're right, loyalty doesn't get you anywhere anymore -- they just want your money. Chase closed my card without telling me, and FIA cut my credit limit in half (not that I came anywhere close to either limit). But Capital One recently doubled my limit after 6 years. You’re right, loyalty doesn’t get you anywhere anymore — they just want your money.

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