AMEX is clawing back refunds if you made a Dell purchase of $111 or less on an AMEX Business Platinum card registered for both $100 and 10% back at Dell.
In other words if you made a $100 purchase you would have gotten back $100 and $10, making for a $10 profit. AMEX is now looking back to purchases like this since the beginning of 2019 and taking back the profit, in this case $10.
I can understand making a rule going forward, but I’m not a fan of clawbacks like this that erode trust in a company.
Going forward you’ll want to make sure that you charge more than $111 with Dell if you’re registered for both $100 back and 10% back to avoid making a profit and having it clawed back.
Did you get a clawback charge on your Business Platinum card today?