Bluebird Shutdowns
Mar 4, 2016, 5:38 pm
#646
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
Looks like AMEX is really trying to get out of the BB / Serve / prepaid area. Shutting down accounts that are only 1 month old and have only loaded $1K and paid out to other individuals is, IMHO, a very strong sign relative what their path forward is.
Mar 4, 2016, 5:51 pm
#649
Join Date: Mar 2016
Posts: 72
They are only shutting down accounts that load from prepaid VGC and from cc.
Mar 4, 2016, 7:30 pm
#650
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
not hard coded at wmt?
Mar 5, 2016, 11:51 am
#654
Join Date: Mar 2016
Posts: 72
Mar 5, 2016, 11:57 am
#655
Join Date: Jul 2014
Posts: 3,688
at this point, I still don't see rhyme or reason for the shutdowns. that is why I
don't alter any activity on one that remains open for me. Looks to me like they're killing their prepaids s-l-o-w-l-y.
Mar 5, 2016, 12:18 pm
#656
Join Date: Mar 2016
Posts: 72
If not, then my guess is that her account was just unprofitable. Did she do anything with the card that would earn AMEX a fee or make them a profit?
Mar 5, 2016, 12:19 pm
#657
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
mom's card only had DD as fund source, re-opened from RB (no history of CC or VGC load) in November to switch to oneV. her card survived 1st wave but not 2nd.
at this point, I still don't see rhyme or reason for the shutdowns. that is why I
don't alter any activity on one that remains open for me. Looks to me like they're killing their prepaids s-l-o-w-l-y.
at this point, I still don't see rhyme or reason for the shutdowns. that is why I
don't alter any activity on one that remains open for me. Looks to me like they're killing their prepaids s-l-o-w-l-y.
Mar 5, 2016, 12:22 pm
#658
Join Date: Mar 2016
Posts: 72
Unprofitability of the account seems to be the trigger and I am sure if people are doing large amounts of cash transactions, that would trigger money laundering concerns.
VGC and cc loads are unprofitable for AMEX, indeed they are money losing. And if you aren't doing anything with the card to offset those losses, well, why should AMEX keep you as a customer?
VGC and cc loads are unprofitable for AMEX, indeed they are money losing. And if you aren't doing anything with the card to offset those losses, well, why should AMEX keep you as a customer?
Mar 5, 2016, 12:23 pm
#659
Join Date: Jul 2014
Posts: 3,688
Mar 5, 2016, 12:27 pm
#660
Join Date: Jul 2014
Posts: 3,688
Hold on....so your mother only had direct deposit as funding source? When AMEX sends these shutdown notices they quote a paragraph in the terms that you're supposedly violating, and I'm pretty sure they're referring to the manufactured spending part. How the heck is direct deposit related to MS?
She is not doing any related MS activity, the funds are kept there as her EF.