Earlier this week, some people found some unbelievable Amex Offers for things like “Spend $1,000, get $1,000 back up to 3 times” or in some cases it was even better, like spend $3,000 and get $5,500 back. When we first saw these offers, I wondered whether they were legitimate and even then I thought they were likely intended to be offers for extra points rather than dollars back. However, credits are posting from these offers. If you were lucky enough to be targeted with one of these, enjoy your bonanza….for now.
Danny the Deal Guru posted this deal a few days ago and updates today with some examples of Amex actually issuing these credits. It is truly unbelievable – imagine the spending spree you could do for free!
That said, I can see the point made by Mark Ostermann at Miles to Memories in that it can be tough to outrun the long claw of the American Express Rewards Abuse Team.
We have seen Amex exhibit a willingness to claw things back far down the road, even sometimes on cards that have been closed for months (Amex has sent some people bills for clawbacks on closed cards!).
That said, in this case, I imagine that those who were targeted have taken copious screen shots of the offer and the fact that it was added to their card along with the last few digits and those folks have likely also taken screen shots of the credits posting. While I’d be hesitant to go out and splurge on Super Bowl tickets or something else completely nonrefundable if this goes sideways, I feel like there is a decent leg upon which to stand if Amex tries to take this back.
Personally, I would be surprised if at the very least Amex doesn’t “fix” this for those who haven’t yet used the offer. While as I said above I think there’s a chance that this could stick for those who complete it quickly, it is far from guaranteed. I certainly could envision a scenario where Amex at least tries to take the money back here, so proceed with caution. Best of luck to those who were targeted and who are receiving the credits.