I don't know if I'm going to be traveling in the next two months, and I'm not particularly interested in staying in a local hotel just to burn the $300.
I did buy a $100 eGift Card as a test, and it did reimburse me within a few business days, though I know this is not officially supported by the T&Cs.

That said, the T&C's also seem to suggest that merely dining in a hotel restaurant does not qualify unless it is charged to my room folio. Even though I thought this was an intended use case. I've called around to a few properties and it seems difficult to get a physical gift card too, unless they special order it. So now I'm running out of time to use what has traditionally been the easiest credit to use in my Amex card lineup. In any other year, it would be gone within 1-2 months of renewal.

For those people who have had credits clawed back, what does that look like? Is it usually just in the case where someone is engaging in other routine "abuse" of the system? Or are they catching these in routine audits? Or are these clawbacks merely theoretical?