@Bman70 wrote:
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.
Yes, I was doing MS, no argument there! At least some portion of these cases are won (recently against Citi and Chase for example). Also AMex chose to give me the rewards, not really my choice, and it's not forbidden to buy these products. In small claims court, the successful arguments seem to paint the issuer as closing the card to avoid paying out rewards, in a bait-and-switch move. We'll see.
@Bman70 wrote:
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.
Actually, per the last ruling on something similar, the OP does have recourse. So, not groundless at all and it would depend to what level he wants to pursue this. Oh, and it's not TOS, it's T&C or CCA. More often than not, consumers abandon the pursuit of claiming any revoked rewards due to how long the entire process can take and whether it's worth their time/efforts.
@Anonymous wrote:
@navajomyst2003 wrote:
@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)
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.
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.
Thanks!
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:I knew better than to app this card, lol.
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.
What if your income does support it?
haha if their income supported it they wouldn't need to MS, if the numbers i read are correct with people putting in an million dollars worth of MS every two months.
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:I knew better than to app this card, lol.
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.
What if your income does support it?
haha if their income supported it they wouldn't need to MS, if the numbers i read are correct with people putting in an million dollars worth of MS every two months.
That's the only way to get real money out of the rewards system.
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:I knew better than to app this card, lol.
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.
What if your income does support it?
haha if their income supported it they wouldn't need to MS, if the numbers i read are correct with people putting in an million dollars worth of MS every two months.
That's the only way to get real money out of the rewards system.
well my point was if you are multi millionaire you probably don't need to ms lol
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:I knew better than to app this card, lol.
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.
What if your income does support it?
haha if their income supported it they wouldn't need to MS, if the numbers i read are correct with people putting in an million dollars worth of MS every two months.
That's the only way to get real money out of the rewards system.
well my point was if you are multi millionaire you probably don't need to ms lol
You do if you're a cheap millionaire.
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:I knew better than to app this card, lol.
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.
What if your income does support it?
haha if their income supported it they wouldn't need to MS, if the numbers i read are correct with people putting in an million dollars worth of MS every two months.
That's the only way to get real money out of the rewards system.
well my point was if you are multi millionaire you probably don't need to ms lol
You do if you're a cheap millionaire.
My experience is that the people with the most money are often the cheapest.
Quicksilver $10,000 | Better Balance Rewards $2000 | Sallie Mae $3500 | Freedom $3500
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:I knew better than to app this card, lol.
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.
What if your income does support it?
haha if their income supported it they wouldn't need to MS, if the numbers i read are correct with people putting in an million dollars worth of MS every two months.
That's the only way to get real money out of the rewards system.
well my point was if you are multi millionaire you probably don't need to ms lol
You do if you're a cheap millionaire.
+1.
And a millionaire isn't by any means "extraordinary" or a great feat by today's standards.
Many people are also millionaires due to the property they live in, which may have been inheritied or bought at a low price many decades ago. Their house may be worth million(s) now, but they're stuck in that house and they can't really cut out a piece of that lot and cash it in (in most cases). And no one really wants to sell their house and move to the ghettos just so they can have a few million dollars sitting in the bank.
@Callandra wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:
@mongstradamus wrote:
@Anonymous wrote:I knew better than to app this card, lol.
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.
What if your income does support it?
haha if their income supported it they wouldn't need to MS, if the numbers i read are correct with people putting in an million dollars worth of MS every two months.
That's the only way to get real money out of the rewards system.
well my point was if you are multi millionaire you probably don't need to ms lol
You do if you're a cheap millionaire.
My experience is that the people with the most money are often the cheapest.
+1.
People don't become rich by spending all the money they have