They just did it to us.
We have a bunch of cards with Chase.
Amazon, Disney, and a couple of others. Very little, if any, balances on anything but the Disney (and that'll be paid off before our trip...it's the card I use for business expenses) card.
Chase bought out Washington Mutual...where my wife had 2 other cards. Again, one with a low balance (it was the card we used to purchase our airfare), one with no balance.
We went to use the card with no balance on it, last weekend, at target. Just picking up a few trip items..and the card was declined. We used another form of payment, and my wife immediately called Chase to figure out what was going on. They'd closed the account and said we should be getting or have gotten a letter to that effect.
STILL haven't been notified, and her on-line account statement shows that it's still an open, valid account with her full credit line available.
My wife is ticked.....because it's going to effect her credit rating when, really, the only reason they closed the account was the sheer amount of credit they were now guarenteeing when buying WM...not her credit score, none of that. Just "consolidation". She's going to write all 3 credit bureau's and insist a note is put on the account.