I got mine for 2021. What a pain. I got two for a total of $650.
Until I read this thread, I thought it was a no-brainer to just revalue it at the redemption value easy to provide support from Amex's website on the valuation. I'd lower the value by 40%, by $260. So I'd normally bother to save the tax on $260 but I saw concerns about it being a "red flag with a rocket in it" to the IRS.
Have other folks done this and gotten extra hassles about it ?