Last year some readers had points clawed back due to self referring themselves to credit cards. This is despite the fact that American Express had already sent out 1099 forms for these referral bonuses. In the last few days we’ve see a number of people receive a points adjustment from American Express (1, 2, 3), these aren’t the full amounts that people lost from self referrals. My guess is that American Express is crediting back points were 1099 forms were issued, but I don’t know that for sure (Update: This doesn’t seem to be the case, as some people have received a points adjustment but received no 1099). It seems most people have not received a points adjustment of any type, so I suspect whatever is happening is being slowly rolled out. Feel free to share your own experienes in the comments below.
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