Originally Posted by
satellite779
Can you please give a TLDR of this method?
Book a refundable plane ticket on AMEX travel. Pay with points. Cancel ticket.
Since there is the 35% rebate you really need to book about 4 or 5 flights:
Flight 1: ~$17,000 flight
Flight 2: ~$5,950 flight
Flight 3: ~$2082 flight
Flight 4: ~$728 flight
Flight 5: ~$255 flight
Once you’ve booked them all, you can cancel them. You’ll end up with statement credits on your account as they don’t refund points. AMEX probably claws back the 35% rebate points, putting you into the negative, but since you’re nuking the account/relationship with AMEX there’s really no downside.