Wave of American Express Shutdowns
In recent days, there have been reports of a wave of American Express (Amex) shutdowns. These reports suggest that Amex has been taking a proactive stance in enforcing its terms of service, resulting in the closure of accounts deemed to be in violation. Here’s one of these reports on reddit.
While specific reasons behind these shutdowns are not clear yet, common factors include violations of Amex’s policies, such as engaging in practices that exploit its Membership Rewards program, unauthorized use of benefits, or suspicious activities.
This series of shutdowns underscores the importance of responsible card usage and serves as a reminder for users to stay informed about their card issuer’s policies, especially if you value that specific financial relationship.
Let me know if your accounts have been affected, or if you have any guesses regarding the reasons behind this latest wave of American Express shutdowns.
