American Express is clawing back points from some people who ‘abused’ the 4x home improvement offer. That deal offered 4x points on up to $25,000 at home improvement stores if you referred a friend to AmEx, and some people bought gift cards at stores like Lowe’s to max it out. AmEx apparently was not happy with that and is now clawing back points from some of those people.
Hat tip to downvotesucks
Source: doctorofcredit.com