Amex new rules about about churning

Discussion in 'American Express | Membership Rewards' started by newbluesea, Jul 26, 2017.  |  Print Topic

  1. newbluesea
    Original Member

    newbluesea Gold Member

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    Amex just published new rules about churning cards.
    Main one ..if you cancel or downgrade a card within 12 months of opening they will claw back the points and possibly even cancel your other Amex cards.

    Not sure if it applies only to MR cards.

    Note that American Express (USA) has refreshed new account terms to itemize behavior which may cause rewards to be forfeited:

    Quote:
    ... points will be credited to your Membership Rewards account 8-12 weeks after you have met the purchase requirement. If we in our sole discretion determine that you have engaged in abuse, misuse, or gaming in connection with the welcome bonus offer in any way or that you intend to do so (for example, if you applied for one or more cards to obtain a welcome bonus offer (s) that we did not intend for you; if you cancel or downgrade your account within 12 months after acquiring it; or if you cancel or return purchases you made to meet the Threshold Amount), we may not credit Membership Rewards to, we may freeze Membership Rewards credited to, or we may take away Membership Rewards from your account. We may also cancel this Card account and other Card accounts you may have with us.

    American Express reserves the right to modify or revoke offer at any time.

    Your account must be in good standing and not in default at the time of fulfillment of any offers.

    *Qualifying purchases are purchases for goods and services. Qualifying purchases do NOT include fees or interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, purchases of gift cards; person-to-person payments, or purchases of other cash equivalents. Additional terms and restrictions apply
    .

    Let the groaning and complaints begin:D
     
    iolaire likes this.
  2. marcwint55

    marcwint55 Gold Member

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    this is not unreasonable on their part.
     
    kellio, newbluesea and iolaire like this.
  3. Pistolero

    Pistolero Active Member

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    Amex got tired of getting jacked around. This change in policy, comes as no surprise. What I am surprised, is that they even let it go this long.
     

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