November has already started and the year will be over before we know it. For some customers indulging in a certain type of behavior, things are going sour with Amex shutting down accounts for apparent misuse. That and more as we recap stories from the week gone by.
Amex isn’t in a mood to play games. With Amex shutting down accounts of customers it deems as indulging in abusive behavior, one needs to proceed with caution.
American Express shutting down accounts for apparent ‘misuse’
However, I still think that this particular wave of shutdown is restricted is a very small fraction of customers and most of us should not be worried.
What’s behind the latest wave of Amex account shutdowns?
These shutdowns seem to be restricted to people who had accounts opened in the US, but had done a ton of bulk buying out of China.
Another Citi Strata Elite shocker: Accounts shut down, points wiped out
While American Express and Chase have refreshed their premium credit cards quite seamlessly, Citi’s latest card has hit a massive snag. Firstly, we saw this Wall Street Journal article chronicling the terrible experiences of numerous customers who signed up for Citi’s newest premium card. Later, I wrote about how Citi is making amends. However, as of now, it seems like a lot of customers are still affected, with their accounts shut down and their points taken out.
Bonus points or statement credits? How to get a retention offer on your credit card
While nothing’s ever guaranteed, it never hurts to ask. Over the years, I’ve save a lot of money and earned bonus points by simply asking for retention offer when a card’s annual fee comes up for renewal. With this template, you can try it out the next time an annual fee posts to your credit card.
Bonus points for a Chase Sapphire Reserve upgrade? Here’s what’s next…
Will you jump on to these offers when they come out? As per a Chase source on Reddit, Chase plans to send targeted offers to current Sapphire Preferred cardholders to upgrade to the Sapphire Reserve. While I love my Chase Sapphire Preferred card, I may consider a product upgrade if the offer is good enough.
Hotel Horror: Scalding shower boils 72 yr old Veteran to death
In a tragic turn of events, a 72 year old veteran was effectively ‘boiled to death’ as per the lawsuit filed against the hotel. He checked into his hotel in San Jose, took a shower, only to have his skin peeled off due to unusually hot water temperature, eventually resulting in his demise.
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