I’m probably the first person on here to notice points had stopped, daily referral point drops stopped on the 22[SUP]nd[/SUP] of last month.
Putting all my cards on the table (no pun intended) I’ve been running 3 cards for this promotion, trying to hit 10 referrals on each. I ended up racking up quite a few more than 10 on each card:
Card 1: 11 banked - 4 outstanding
Card 2: 11 banked - 3 outstanding
Card 3: 8 outstanding.
Banked is what has flowed through to a velocity account, outstanding is applications I know that have been made but have yet to show up on my AMEX account (or the other cards I’m working, on behalf of other people).
All of my referrals have been spread-sheeted with date of signup and link used – I noticed even before the 22[SUP]nd[/SUP] that some had not been captured so the referral system has been broken for quite a while. I decided not to inquire further because obviously I’d done quite well from the promotion so the 60,000 points that never got credited I simply wrote off.
As for the snowball effect:
I’ve banked 440,000 'referral points' (with 300,000 outstanding) & 330,000 'signup points' on my card and the two other cards i'm working.
My ~40 referrals over 3 cards have generated 4,400,000 points as 'signup points'.
Now I know at least half of them have also generated a referral - 2,200,000 additional 'signup points' (plus 370,000 'referral points')
So all said and done my one card has generated at least 60 cards, which put into velocity points: 1,200,000 'referral points' & 6,600,000 'signup points' - 7,800,000 points in total now in the system from my one card.
I'm amazed this promotion hasn't been pulled, the points that have been created are out of control!