On one hand, Amex is offering lucrative points transfer bonuses. On the other hand, Amex sent letters to customers about recent points clawbacks. In a meanwhile, a scandal is unfolding at JP Morgan Chase. Here’s a quick recap of the stories covered this week.
Amex is currently running two lucrative points transfer bonuses, one with Marriott Bonvoy and another with Hilton Honors. However, in the current scenario, is it worth transferring points to these currencies with these limited time bonuses?
While my pre-approved offer wasn’t exciting enough, your case may be different. However, it’s still great that Amex is showing these pre-approved sign-up bonuses in our accounts after logging in.
Many readers have received letters indicating that Amex clawed back points awarded during a recent promotion. The letter cites the violation of program terms and conditions as the primary reason why Amex took the points back. While the terms and conditions look pretty boilerplate, Amex seems to be quite active in looking out for possible violation of program terms and conditions. As we’ve seen before, Amex often tends to do these sweeps in waves.
Ever since the Covid-19 pandemic wrecked travel, getting a refund seemed to be a real pain for many frequent travelers. Now, Expedia is facing a class action lawsuit from customers who allege that it refused customers a full refund, offering a voucher instead.
This has the potential to turn into a major scandal. As per Chase’s own revelations, a few employees pocketed funds meant for small businesses into their personal accounts. In an internal memo, Chase’s execs sounded the alarm about these actions and assured a thorough investigation into the matter. These actions have already prompted the Small Business Administration (SBA) to take notice of the matter and could result into broader investigations into the administration of these programs by financial institutions.
This travel credit card is one of my favorite hotel credit cards. You can earn a welcome bonus of 50,000 points when you apply for this card using the link below!
With this card, you’ll not only earn a free night each year when you renew the card, but If you pair it with this limited time offer, you’ll also earn 25% points back when you redeem your points until October 8, 2020.
Disclosure: The Points Pundit receives NO compensation from credit card affiliate partnerships. Support the blog by applying for a card through my personal referral links. This article is meant for information purposes only and doesn’t constitute personal finance, health or investment advice. Please consult a licensed professional for advice pertaining to your situation.