topic Re: Amex Card Shutdown Wave has started... in Credit in the News

Amex Card Shutdown Wave has started...

RickNATL — Fri, 23 Oct 2020 16:04:36 GMT

Messaging is cards not used for intended purpose.

https://milestomemories.com/amex-shutdowns/

Re: Amex Card Shutdown Wave has started...

Red1Blue — Fri, 23 Oct 2020 16:11:48 GMT

Interesting news.

Re: Amex Card Shutdown Wave has started...

K-in-Boston — Fri, 23 Oct 2020 16:17:14 GMT

Slightly more info from DoC a few days back.

https://www.doctorofcredit.com/american-express-shutting-out-some-peoples-accounts-for-using-no-lifetime-language-offers/

Apparently Amex really means the language in their signup terms? My heart aches for these poor people who had their 82nd charge card closed after using offers that were not intended for them.

If we in our sole discretion determine that you have engaged in abuse, misuse, or gaming in connection with the welcome 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 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 the welcome offer to, we may freeze the welcome offer credited to, or we may take away the welcome offer from your account. We may also cancel this Card account and other Card accounts you may have with us.

Edit: LOL I didn't even notice that the article you linked to already had the verbiage; I copied it from Amex.

"American Express has a vague paragraph about abuse in its credit card application terms..."

Not sure how that's vague? I don't recall hearing about this happening to anyone who didn't game the system.

Re: Amex Card Shutdown Wave has started...

Anonymous — Fri, 23 Oct 2020 17:56:21 GMT

What I gleened from this is, for the average consumers simply carry on nothing to see here. Seems the people getting shut down are major abussers and likely deserve what they get.

Re: Amex Card Shutdown Wave has started...

M_Smart007 — Thu, 12 Nov 2020 05:33:07 GMT

"My heart aches for these poor people who had their 82nd charge card closed after using offers that were not intended for them."

Put so well in Lyrics, My Achy Breaky Heart

Re: Amex Card Shutdown Wave has started...

FinStar — Wed, 09 Dec 2020 22:09:10 GMT

And it continues...

ANOTHER WAVE? AMEX SHUTTING DOWN ACCOUNTS AGAIN

https://travelupdate.com/amex-shutting-down-accounts-of-more-customers/

Re: Amex Card Shutdown Wave has started...

cashorcharge — Fri, 11 Dec 2020 00:48:20 GMT

@FinStar wrote:
And it continues...

ANOTHER WAVE? AMEX SHUTTING DOWN ACCOUNTS AGAIN

https://travelupdate.com/amex-shutting-down-accounts-of-more-customers/

Interestingly enough....while AMEX is closing accounts for users doing this....this morning I received a notification from my BMW Visa (issued through Elan Services) that's TELLING ME to link my account and use it for this purpose! If I was hitting $25,000 or something crazy like that article mentioned on this linked account, this message might look different...

Re: Amex Card Shutdown Wave has started...

ghost-cell — Sun, 20 Dec 2020 10:48:27 GMT

Interesting, yea I recently read Amex was shutting down cards who were abusing PayPal manufactured spending. Guess this goes even further back, hmmm