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Good morning everyone. I was reviewing my American Express credit card statements last night and I noticed an update to the program terms printed on my American Express Everyday Credit Card statement. Effective November 1, American Express has the ability to temporarily suspend your ability to earn and redeem American Express Membership Reward Points if they suspect that you are abusing, misusing, or gaming their rewards program. Further down on the program terms update, American Express also lists possible actions they may take to your credit cards:
- Take away any points in your program account
- Temporarily suspend your ability to redeem points
- Temporarily suspend your ability to earn points
- Cancel your program account
- Cancel any of your American Express Cards
I am not sure if this is much different than getting an American Express Financial Review, but it sounds serious. Who knows how American Express will enforce these new program terms, but here is the complete program terms update for you to read:
In other less exciting account term news, American Express may tell merchants that you have set up for recurring billing about any updates to your expiration date or account status changes. The simplest example would be a recurring monthly purchase billed to your American Express credit card. If your current credit card is expiring, American Express may inform the merchant about the new expiration date so that your recurring purchase continue to go through unaffected. This is not a big deal to me, but it may be helpful for others.
If you have any questions about either of the program / term updates, please leave a comment below. Have a great day everyone!