Posted by William Charles on March 4, 2015
Recaps

Published on March 4th, 2015 | by William Charles

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Redcard Shutdowns, Cheapest Ways To Get To India/Middle East, Evolve Money Updates & More



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Gary Leff

There are a bunch of people out there who feed misinformation about deals, to confuse people into not taking advantage of them. I find it shameful.

And it’s entirely possible that’s the case here. It does seem strange that the letters are so specific, and name specific amounts, that doesn’t seem like what American Express would do.

But if it’s a hoax, it’s an elaborate one, with several different emails being produced and sent from multiple email accounts and multiple names being used to comment from to bolster the claim this is happening.

I’m not sure it should change anyone’s behavior, even if it is (other than perhaps to load and unload in different amounts, and certainly as a reminder never to put more money on cards like this than you can afford to have held for 2-3 months before you recover it).

Russ
Russ

The trend on several boards is toward deal preservation. With all the big shutdowns over the last year people are scared that hyping the gravy train is bad for longevity.

How much you wanna bet this is a group from a non-public board trying to put the brakes on Redbird abuse to make it last longer?

(commenting here cause FM already has too many 😉

Barb
Barb

no one can say with certainty atm that the email is a hoax BUT from what I’ve been reading, it has the same effect on people when amex OBC Blue Wednesday occured. Lots of OBC customers quit using their CCs for fear of triggering a closure of their account based on ‘rumors’ that turned out to be real. All that is history now with a lot of shutdowns that went on till end of December 2014 just before amex started sending out the changes to cardmember’s agreement indicating the cap. I survived the shutdowns and I admit that I ‘lost’ some opportunities since I didn’t max out my CL during the confusion on what caused the shutdowns except for those they deemed as heavy hitters, although some of them also survived according to some posts. I’m glad my account is still active but I I’m walking on eggshells when using my card.

RB is an amex product and we will see in the next few days if this turns out everyone’s nightmare.

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