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It may have been through the balance sheet reconciliation process, performed by the accounting department, that this issue was bubbled up to "Corporate".
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Originally Posted by MahiMahi524
(Post 36924972)
I asked the rep and she was not sure. She said she was just notified to take care of this issue. Apparently her Leadership is handling the error and liaising with AMEX at the Director level. They still don't know exactly how long this will take to resolve.
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In other news . . . .
https://www.nytimes.com/2025/02/28/n...ion-error.html
("Citigroup Makes (and Then Fixes) an $81 Trillion Mistake. The bank temporarily credited a customer’s account with trillions of dollars, adding to scrutiny of risk management systems after a series of errors.") |
Not quite $81T, but today AMEX charged me almost $30M (yes US$30 million) during their attempt to "fix." Now that kind of error I'd be concerned about reaching my credit report and having all my accounts at all banks shut down. Reaching back out to AA...
ETA: Screenshot https://cimg9.ibsrv.net/gimg/www.fly...96b2c0f65f.jpg |
Originally Posted by MahiMahi524
(Post 36927157)
Not quite $81T, but today AMEX charged me $30M (yes US$30 million) during their attempt to "fix." Now that kind of error I'd be concerned about reaching my credit report and having all my accounts at all banks shut down. Reaching back out to AA...
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Originally Posted by MahiMahi524
(Post 36927157)
Not quite $81T, but today AMEX charged me almost $30M (yes US$30 million) during their attempt to "fix." Now that kind of error I'd be concerned about reaching my credit report and having all my accounts at all banks shut down. Reaching back out to AA...
ETA: Screenshot https://cimg9.ibsrv.net/gimg/www.fly...96b2c0f65f.jpg |
Originally Posted by MahiMahi524
(Post 36927157)
Not quite $81T, but today AMEX charged me almost $30M (yes US$30 million) during their attempt to "fix." Now that kind of error I'd be concerned about reaching my credit report and having all my accounts at all banks shut down. Reaching back out to AA...
ETA: Screenshot |
Originally Posted by MahiMahi524
(Post 36927157)
Not quite $81T, but today AMEX charged me almost $30M (yes US$30 million) during their attempt to "fix." Now that kind of error I'd be concerned about reaching my credit report and having all my accounts at all banks shut down. Reaching back out to AA...
ETA: Screenshot https://cimg9.ibsrv.net/gimg/www.fly...96b2c0f65f.jpg Or do you need to write them a check first? |
At 5× for airline charges that’s 140 Mr points! A steal!
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Originally Posted by notquiteaff
(Post 36927510)
Did you also receive 30M MRs?
Or do you need to write them a check first? |
This keeps getting better...
Are you still able to use the card with that new mistake balance? Also, is your closing date within the next few days? It really could show up by accident on your credit report as you mentioned. |
Disputed transactions get credited/removed while being investigated right? So I guess no credit impact, although obviously I’ve never disputed anything at this scale
How does AMEX accept a charge this large, even for a no-limit card. I’m assuming the card is a routine personal or business card and not one for a large purchasing group |
Originally Posted by MahiMahi524
(Post 36927157)
Not quite $81T, but today AMEX charged me almost $30M (yes US$30 million) during their attempt to "fix." Now that kind of error I'd be concerned about reaching my credit report and having all my accounts at all banks shut down. Reaching back out to AA...
ETA: Screenshot https://cimg9.ibsrv.net/gimg/www.fly...96b2c0f65f.jpg |
Originally Posted by MahiMahi524
(Post 36927157)
Not quite $81T, but today AMEX charged me almost $30M (yes US$30 million) during their attempt to "fix." Now that kind of error I'd be concerned about reaching my credit report and having all my accounts at all banks shut down. Reaching back out to AA...
ETA: Screenshot https://cimg9.ibsrv.net/gimg/www.fly...96b2c0f65f.jpg I just showed my SO this and we are both mindboggled. |
Looks like I'm semi-famous. VFTW has now posted about this. Someone at CNN also sent me a PM. The last update I got on Friday from both AA and AMEX was that they think it will be fixed on Monday, and would coordinate with the various AMEX depts to make sure my account isn't frozen/flagged/reported/audited. The fingerpointing has also begun between AA and AMEX.
Originally Posted by caliform
(Post 36929607)
At 5× for airline charges that’s 140 Mr points! A steal!
Originally Posted by HofstraJet
(Post 36929664)
5X MRs. :D
Originally Posted by rhwbullhead
(Post 36930494)
Are you still able to use the card with that new mistake balance?
Also, is your closing date within the next few days? It really could show up by accident on your credit report as you mentioned.
Originally Posted by lrdpenn
(Post 36930661)
Disputed transactions get credited/removed while being investigated right? So I guess no credit impact, although obviously I’ve never disputed anything at this scale
How does AMEX accept a charge this large, even for a no-limit card. I’m assuming the card is a routine personal or business card and not one for a large purchasing group Supposedly one part of the investigation on AMEX's side is how such large transactions were allowed to post. |
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