My business banker who helped me to open Ink plus card in the branch last year called and said she received an email that my Ink plus account is on red flag and I need to show up to the bank to answer some questions.
Looks like NAICS code changed since 2017. When I opened the account, I chose 4541111 for Electronic shopping business. Now it is 4541110 since 2017. But their system doesn't give out those options.
I also noticed that I used ink plus card since the anniversary year for 45k on Officemax MS. This might have triggered the red flag and my banker received an email that if not taken care off by June 13th, this account would be shutdown that day.
When I went to see the banker, she asked me how I am paying for credit card balance and I said through personal account. So she said this could be audited and inquired if I pay taxes for using this account (no). Banker also noted that I haven't used biz checking acct for a long time.
Questions:
- I noticed that AF is also due for Ink plus. Should I just close this account and the business checking account, before any review?
- Or, move the UR points before June 13th and let the review happen and let them decide on closing the account?
I have 169k UR points. I already transferred some in UA, SW and Hyatt before.
Looks like NAICS code changed since 2017. When I opened the account, I chose 4541111 for Electronic shopping business. Now it is 4541110 since 2017. But their system doesn't give out those options.
I also noticed that I used ink plus card since the anniversary year for 45k on Officemax MS. This might have triggered the red flag and my banker received an email that if not taken care off by June 13th, this account would be shutdown that day.
When I went to see the banker, she asked me how I am paying for credit card balance and I said through personal account. So she said this could be audited and inquired if I pay taxes for using this account (no). Banker also noted that I haven't used biz checking acct for a long time.
Questions:
- I noticed that AF is also due for Ink plus. Should I just close this account and the business checking account, before any review?
- Or, move the UR points before June 13th and let the review happen and let them decide on closing the account?
I have 169k UR points. I already transferred some in UA, SW and Hyatt before.