Amex 50% back in points going away

[ChaimMoskowitz]

Isn't this bait and switch? They got thousands of applicants to sign up expecting this benefit, and now they are pulling it so soon.

Grounds for class action?

If that was their intent then I would say you have a good case. Problem is "intent" works both ways. 

[as2]

Isn't this bait and switch? They got thousands of applicants to sign up expecting this benefit, and now they are pulling it so soon.

Grounds for class action?

I can see them allowing these benefits to continue for current cardholders, through their card member year, to avoid any suits.

[mmgfarb]

If that was their intent then I would say you have a good case. Problem is "intent" works both ways. 

Most people weren't trying to game the system though....

[mmgfarb]

I can see them allowing these benefits to continue for current cardholders, through their card member year, to avoid any suits.

I can't.

[as2]

If that was their intent then I would say you have a good case. Problem is "intent" works both ways. 

Point is I paid $450 for a card with theses benefits, either refund me, or allow me to finish the year I paid for, on the term I agreed to.

[chayal101]

+1 I don't need to have the extra point in my account before booking with CSR. This was the main reason I picked this card as a keeper over CSR...oh well

If they actually cut out the 50% back. Wouldn't we all have good reason for a refund on the $450/$550 annual fee??

[ChaimMoskowitz]

If they actually cut out the 50% back. Wouldn't we all have good reason for a refund on the $450/$550 annual fee??

Sounds fair to me.

[as2]

If they actually cut out the 50% back. Wouldn't we all have good reason for a refund on the $450/$550 annual fee??

Nobody paid $550 for the 50% back.

[mmgfarb]

If they actually cut out the 50% back. Wouldn't we all have good reason for a refund on the $450/$550 annual fee??

I would think so but you never know with amex.

[12HRS]

Nobody paid $550 for the 50% back.

people paid based on the expectation of a sign up bonus worth a certain amount

[yelped]

Isn't this bait and switch? They got thousands of applicants to sign up expecting this benefit, and now they are pulling it so soon.

Grounds for class action?

Well, they just sent out thousands of targeted offers for the 150k biz.

[as2]

people paid based on the expectation of a sign up bonus worth a certain amount

Hmmmm good point, but I don't see that working as well as those who actually signed up for the BP

[ChaimMoskowitz]

How about the important stuff now. What will MR BP be worth?

[as2]

I can't.

You think they will leave it as planned? No refunds either? That would be a damn sure way to lose some business

[mmgfarb]

You think they will leave it as planned? No refunds either? That would be a damn sure way to lose some business

What do you mean no refunds?

[as2]

How about the important stuff now. What will MR BP be worth?

A heck of a lot less than they are now

They may be more valuable as miles instead of MR...

[as2]

What do you mean no refunds?

Of AF

[mmgfarb]

Of AF

Oh, I thought you were talking about the points, I can see them giving some sort of retention but not refunding everyone's AF who asks, I'd love to be proven wrong though.

[ChaimMoskowitz]

A heck of a lot less than they are now

So the bright side is WF will bring a higher price. 

[as2]

Oh, I thought you were talking about the points, I can see them giving some sort of retention but not refunding everyone's AF who asks, I'd love to be proven wrong though.

Of course. It would most definitely not be labeled as a "AF refund" but maybe a statement credit or points. I can see this becoming a lawsuit though... Time will tell.