We’ve seen these sort of sky is falling* discussions many times before, most infamously regarding dollar coins years ago. Whether or not AmEx (and Chase and other issuers) closes the loophole and when they do so and if they preannounce it is anyone’s guess.

Only certainty is that SOME people, without any evidence, will blame those people who “publicized” methods for exploiting the loophole. And of course many will claim “I told you so” which of course is as believable as the boy who cried wolf** and the once or twice a day a broken clock is accurate***.

Personally I’ll continue to take advantage of this method, it’s not illegal nor immoral nor corrupt, until (and if) they close it. THEN I’ll run the numbers and figure out how to proceed. I’m not going to waste time and energy NOW thinking about something that may never happen.

(* AI Overview: "The sky is falling" is an idiom describing a state of irrational panic, hysteria, or the unfounded belief that a catastrophe is imminent. It signifies overreacting to a minor issue or spreading fear about a disaster that has no basis in fact. It is used to describe alarmist, baseless, or panicked behavior. Origin: It stems from the English folk tale Chicken Little (or Henny Penny), where a chicken mistakenly believes a piece of the sky is falling after being hit on the head by an acorn.)

(** AI Overview: "The Boy Who Cried Wolf" is an Aesop's Fable about a shepherd boy who repeatedly lies about wolves attacking his flock, causing villagers to ignore him when a real wolf eventually arrives. The story teaches that chronic liars lose all credibility, meaning they will not be believed even when they tell the truth.)

(*** AI Overview: The idiom "even a broken clock is right twice a day" means that an unreliable person, source, or system can occasionally be correct by chance. It suggests that even faulty logic or consistently wrong people can, rarely, offer valuable insight or accuracy. Literal Meaning: An analog clock with stopped hands will show the exact correct time twice in a 24-hour period, inoperative digital clock might be correct twice a day.)