UPDATE: Reinstated. Maybe I will do a followup post later.
As you might recall in December of 2017, Chase shut my credit cards due to too many recent inquires and accounts. Then in first half of 2018, my player #2 got all Chase cards closed due to number of inquires and existing accounts. Now in the latter half of 2018, Chase has shutdown my player #3 for similar reasons.
Until less than a year ago P3 was 0/life with non-existing credit history. P3’s first card with Discover obtained in December of last year.
P3 obtained $49 annual fee IHG in March of 2018. It was right around the time when it was rumored to go away. Almost a month later P3 successfully grabbed CIP. P3 had severely reduced credit limit on both cards. P3 applied for Ritz-Carlton credit card in late July when it was getting pulled away by Chase. P3 was approved for Ritz with it’s minimum credit limit of $10,000 and a few days later all 3 Chase credit card of P3 was shutdown. P3 did not reduce credit limit on Ritz.
P3 was not doing any sketchy behavior of any kind either.
If the Ritz wasn’t going away, we would not have applied for it. We were planning on holding out on apps till late 2018 and grabbing Southwest cards over a course of several months. Oh well, no more Companion Pass in 2019.