American Express, More Clawbacks for Self Referral Bonuses

A while back, American Express introduced universal referrals, where you could refer anyone for any Amex card, even if you didn’t have that card yourself. That also opened the door to self referrals. I warned back then that it could be risky to refer yourself. Back in July, the first clawbacks started happening. (Update: More bad news… People That Have Used Amex Self Referrals Can No Longer Generate Referral Links?)

amex self referrals

Now it looks like there’s another wave of clawbacks for those with self referral bonuses as per reddit. Last time they also sent notices explaining their actions to those affected. I’m not sure if that’s happening again this time around. Check your Membership rewards balances if you’ve had any self referrals this year.

Going forward, you should not refer yourself. Try getting a family member or friend to send you a referral. There’s even some referrals that bypass the lifetime restriction now.


SoFi Money - Easy $50 Bonus + $50 For Each Referral

Sign up here for SoFi Money. The process is quick and easy, it takes about two minutes. You just need to deposit $100 to get a $50 bonus. Plus take advantage of the 1.6% APY on your account balance and reimbursed ATM fees worldwide. There's no monthly fees to worry about and no foreign transaction fees. A great card to have for frequent travelers. You can read full details here. Now there's also a $100 signup bonus and $100 referrals for SoFi Invest. This account has no fees either.

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