Reports on r/churning have been surfacing of multiple people’s American Express accounts being shut down. Apparently it’s some of those who took advantage of no-lifetime-limit offers to bypass the Amex once-in-a-lifetime limitation on signup bonuses. The affected had all of their Amex accounts closed out.
Truth be told, those using the offers simply applied for an Amex card that was being offered by the bank. Amex does have themselves covered, though, since the terms state: “if you applied for one or more cards to obtain a welcome offer(s) that we did not intend for you” they can close out your accounts.
We’ve only heard a handful of people getting shut down, perhaps those who did multiples of these offers. Hopefully this shut down spree doesn’t expand to more people.
