Per this FlyerTalk thread, multiple people have reported receiving emails indicating their old Blue Cash credit card accounts are being closed today without any warning. They did not receive a Financial Review – simply an email notifying them their account was closed.
Most of the people that had their accounts closed seem to be heavy MSers, but it’s still unknown how much qualifies as “heavy” enough for Amex to close your account. I have a card with a measly $2K limit, so I’ve done very little with the card (although spent 2x-3x my limit per month) and my account is still intact as of this writing.
A few things to note:
- Hold off on heavy MS with this card for a bit. You can’t do anything about previous purchases obviously.
- You will likely NOT be able to receive the cash back that was pending. My Wells Fargo account was shut down and I didn’t receive a few thousand dollars in cash back. It’s part of the game and a risk we assume. It’s worse for Blue Cash because of the 60 day lag in receiving cash back.
- If you have unredeemed cash back, REDEEM IT NOW!
I would monitor that FlyerTalk thread carefully and spend accordingly.