Apple Card account closed without explanation

The payment in full is not a violation. Even purchasing excessive gift cards can be a violation. Gift cards are a cash equivalent and frequently overlooked as a potential issue. Cash advances are not permitted. But crypto currency exchanges frequently cause violations. The violation section is clearly labeled and if it helps I can copy and paste it here.

Banks take T&C closures pretty seriously and it’s unlikely you’ll be able to open another Apple Card account in the near future.

Yes, other user have reported having accounts closed before for T&C violations. Usually it involves using the card for cash or cash equivalency or prohibited purchases such as medical marijuana, gambling, etc.

Understandable.

They generally are restricted by law from doing so.

A search of various reputable financial news sites about “banks closing accounts” and “Suspicious Activity Reports (SARs)” will reveal that you’re not alone.

This is not Apple Support. But even if it was, they don’t have access to any of your account information. No one here has access to your personal or financial information. If the issue of why the bank closed your account needs further clarification, you’ll need to file a complaint with the Consumer Financial Protection Bureau (CFPB), but unfortunately the current administration has basically neutered that agency.

If you have a complaint about an account, call the Consumer Financial Protection Bureau at 1-855-411-2372 or visit cfpb.gov/complaint.

While it’s a seemingly fair question …

… the federal laws regarding these matters are quite draconian.

As a result, you’ll unfortunately probably never obtain any “more” of an answer.

And just to be sure you understand, all banks who issue credit cards do this, not just Goldman Sachs Bank.