Amex invalidating bonuses from self-referrals
Given that mainstream travel bloggers like The Points Guy are indirectly employed by the credit card industry, it's not surprising that I've not seen any of them reporting on this development.
The short backstory is that you can actually use your Amex Refer-A-Friend link to refer yourself to a new type of Amex card (e.g., you have a link from your existing Platinum card and then use it to refer yourself to an Amex Gold). It always seemed a little strange to me to do so, but plenty of people have done it.
Today, without any warning, Amex began deleting those referral bonuses (this process is often referred to as a "clawback"). In several cases, people have lost over 100,000 points. Folks in Reddit's Churning forum were the first to report on it, you can read the full details over there. DoctorOfCredit (one of the few bloggers who isn't indirectly employed by the credit card industry) has a summary here.
The short backstory is that you can actually use your Amex Refer-A-Friend link to refer yourself to a new type of Amex card (e.g., you have a link from your existing Platinum card and then use it to refer yourself to an Amex Gold). It always seemed a little strange to me to do so, but plenty of people have done it.
Today, without any warning, Amex began deleting those referral bonuses (this process is often referred to as a "clawback"). In several cases, people have lost over 100,000 points. Folks in Reddit's Churning forum were the first to report on it, you can read the full details over there. DoctorOfCredit (one of the few bloggers who isn't indirectly employed by the credit card industry) has a summary here.
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