Perils of MS

[taxi818]

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@Anonymous wrote:

Well, to no great surprise, Amex started closing Amex Blue Cash cards, including mine.   Two somewhat unusual features:

1) No FR, just email saying the card was cancelled

2) Other Amex cards left alone.  Many issuers in this situation close all cards

Sampling on flyertalk shows the usual lack of pattern, in some husband/wife pairs, the partner doing less on their card had the card closed whereas the other is open.  But the whole shakeout might take a few days, and one person was told (when trying to apply) that the card is being phased out.

As is usual, with the cards closed, all unpaid/unreedeemed rewards go away, and with Amex this is effectively two months of rewards (I should have got last month's on Oct 27).  So the next step is to consider suing in small claims for the rewards (which seems to have a high degree of success, as courts choose not to abide by overly restrictive T&Cs)

So is/was it worth it?   Yes, even for a few months.   But I will give it a rest, and then try one of the next best things (TD / WF)

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I hope you are not talking about TD Bank. they are the worst. but for the first 6 months with card. its ok. i was going to close it tomorrow.but i saw i would take a 30 point hit from simulation so i will just sd it.

[Anonymous]

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@taxi818 wrote:

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@Anonymous wrote:

Well, to no great surprise, Amex started closing Amex Blue Cash cards, including mine.   Two somewhat unusual features:

1) No FR, just email saying the card was cancelled

2) Other Amex cards left alone.  Many issuers in this situation close all cards

Sampling on flyertalk shows the usual lack of pattern, in some husband/wife pairs, the partner doing less on their card had the card closed whereas the other is open.  But the whole shakeout might take a few days, and one person was told (when trying to apply) that the card is being phased out.

As is usual, with the cards closed, all unpaid/unreedeemed rewards go away, and with Amex this is effectively two months of rewards (I should have got last month's on Oct 27).  So the next step is to consider suing in small claims for the rewards (which seems to have a high degree of success, as courts choose not to abide by overly restrictive T&Cs)

So is/was it worth it?   Yes, even for a few months.   But I will give it a rest, and then try one of the next best things (TD / WF)

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I hope you are not talking about TD Bank. they are the worst. but for the first 6 months with card. its ok. i was going to close it tomorrow.but i saw i would take a 30 point hit from simulation so i will just sd it.

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Yes, just for the six months.   Some say you can close and repeat after three months.

[weehoo]

I havent been cancelled yet.  Just cashed out my rewards to be safe though

[Anonymous]

I knew better than to app this card, lol.

[hiro905]

I read about this as well .  It will be intersting to see what pattern develops over the next few days. 

[mongstradamus]

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@Anonymous wrote:

I knew better than to app this card, lol.

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I thik you can still app card and still ms with it , just don't go crazy where you are doing 3 or 4x your CL in one month thats just asking for trouble. Like people are spending up to an million dollars in six months or so , when there income would not  support it. Thats my opinion on the shutdowns. 

[navajomyst2003]

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@Anonymous wrote:

Well, to no great surprise, Amex started closing Amex Blue Cash cards, including mine.   Two somewhat unusual features:

1) No FR, just email saying the card was cancelled

2) Other Amex cards left alone.  Many issuers in this situation close all cards

Sampling on flyertalk shows the usual lack of pattern, in some husband/wife pairs, the partner doing less on their card had the card closed whereas the other is open.  But the whole shakeout might take a few days, and one person was told (when trying to apply) that the card is being phased out.

As is usual, with the cards closed, all unpaid/unreedeemed rewards go away, and with Amex this is effectively two months of rewards (I should have got last month's on Oct 27).  So the next step is to consider suing in small claims for the rewards (which seems to have a high degree of success, as courts choose not to abide by overly restrictive T&Cs)

So is/was it worth it?   Yes, even for a few months.   But I will give it a rest, and then try one of the next best things (TD / WF)

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My wife and I are currently running her parents assisted living expense (about 12,000 a month) through her CSP AU card. CSP account is mine. That wouldn't fall under MS would it? The statement is paid from her parents checking that is a pay from account we have set up.

[Anonymous]

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@mongstradamus wrote:

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@Anonymous wrote:

I knew better than to app this card, lol.

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I thik you can still app card and still ms with it , just don't go crazy where you are doing 3 or 4x your CL in one month thats just asking for trouble. Like people are spending up to an million dollars in six months or so , when there income would not  support it. Thats my opinion on the shutdowns. 

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What if your income does support it?

[Bman70]

As I recall OP was spending some $20k monthly on gift cards. Definitely enough to be an outlier and raise flags. As for suing for the rewards... If it was against TOS spending in the first place, seems groundless. I would expect Amex would have a good case for suing the consumer for rewards paid though.  

[Anonymous]

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@navajomyst2003 wrote:

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@Anonymous wrote:

Well, to no great surprise, Amex started closing Amex Blue Cash cards, including mine.   Two somewhat unusual features:

1) No FR, just email saying the card was cancelled

2) Other Amex cards left alone.  Many issuers in this situation close all cards

Sampling on flyertalk shows the usual lack of pattern, in some husband/wife pairs, the partner doing less on their card had the card closed whereas the other is open.  But the whole shakeout might take a few days, and one person was told (when trying to apply) that the card is being phased out.

As is usual, with the cards closed, all unpaid/unreedeemed rewards go away, and with Amex this is effectively two months of rewards (I should have got last month's on Oct 27).  So the next step is to consider suing in small claims for the rewards (which seems to have a high degree of success, as courts choose not to abide by overly restrictive T&Cs)

So is/was it worth it?   Yes, even for a few months.   But I will give it a rest, and then try one of the next best things (TD / WF)

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My wife and I are currently running her parents assisted living expense (about 12,000 a month) through her CSP AU card. CSP account is mine. That wouldn't fall under MS would it? The statement is paid from her parents checking that is a pay from account we have set up.

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I think it's more like any purchase and so should be ok.  If the amount is high relative to income Chase may have questions, but you have a good explanation.