Originally Posted by
MSPeconomist
Really? I've seen recent reports of advances, IIRC to Plat cardholders (not new ones) based on a month or two of average spend. If you don't repay the MR points quicky, they hit your account with a bill for the worth of those borrowed points.
If "advances" is actually "borrowing" points with the Membership Rewards program then it's correct you can no longing advance/borrow MR points. I have recently spoken to an AMEX rep that explained that AMEX has discontinued that benefit and is giving those people currently holding negative MR balances due to borrowing points an extra year to repay those points as a courtesy for the program going away.