Conrad Barreto

Before anyone jumps to conclusions, let me be clear: I do believe what Amex has done is unethical. Clawing back points from closed cards by invoking a 30-day redemption clause that they had never really enforced until now is absolutely questionable. That said, there’s something rather amusing about the reactions. Many of the same people who spent years lecturing others about points selling and abusing Axis, claiming that such practices were responsible for devaluations, are now leading the charge against Amex. 😆 Let’s not pretend Amex’s ecosystem was never exploited either. The 150K referral cap? People would close cards and move to new ones just to keep earning referral points. And those 2.3 million points being discussed? They certainly didn’t come from regular card spends. You cannot spend years exploiting loopholes when they work in your favour, look the other way, and then suddenly take the moral high ground when the bank pushes back. Amex deserves to be called out for what it has done. But a little consistency and introspection from everyone wouldn’t hurt either.