American Express is Giving Cardholders Hundreds in Unexpected Rewards
American Express is usually generous when it comes to welcome offers for its credit cards. But now some cardholders are seeing even more generosity in the form of unexpected cash.
I noticed this in my American Express Cash Magnet® Card account. I haven’t used the card in months and had around $40 in Reward Dollars Balance. All of a sudden in the last couple of days that balance jumped close to $565.
This was around the same time that American Express introduced the new promotion for referral, where you can earn an extra 3% or 3X points on all spend for three months. I received several referral bonuses on this card which total to around $525. That is about the same amount that I received in unexpected Reward Dollars.
I also tried applying some of the cashback to my balance, expecting a possible error. But it was applied as normal after a couple of days.
Similar data points were also reported on reddit. Some are suggesting that American Express is retroactively applying the extra 3% from referrals to recent charges. But in my case, I haven’t spend enough on my card since I first got it, to earn $525 in rewards.
Conclusion
Check your accounts, especially those where you might have received recent referrals. Let us know if you see any additional rewards or cashback. These seem to be issued in error and I expect American Express to fix this sooner or later.
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So weird how they’re giving out these rewards like nothing, but then they get all bent out of shape over how people use their $200 airline credit.
So right!!! I’d rather they dropped the credits and cut the cost of the damned cards!
IT’s mostly because people don’t maximize their point redemption. They want you to redeem them for toasters, cashback and amazon purchases. Credits are cash out of the door. They gotta make money somehow.