We’ve seen a wave of shutdowns for heavy hitters from both Chase and American Express since Friday. The two banks shutting down at around the same time seems coincidental, but it’s a double whammy for a few manufactured spenders. We can talk about the reasons behind the shutdowns later, but there’s an important lesson that it’s time to reiterate:
Burn your points early and often. When you’re shutdown, you may lose them altogether.
I can only assume that you don’t want to be the guy stuck with 80 million Membership Rewards that were just confiscated, but you know what they say about when you assume.
Good luck out there!
I guess it could always be worse.