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American Express Gift Cards from Simon Service Fee

Superchief

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I just noticed that the American Express gift cards that are provided as incentive for sales presentations now charge $2 per month beginning 12 months after issue. We have received these cards in the past and they never expired or charged a fee. I typically keep them in my travel file to use for special dinners out, but never rush to use them due to the 'lifetime' feature. A $100 gift card that we received in Sep 2018 at the Ritz Residence Club in Vail now was worth only $86 when I checked its value today. We weren't informed of this new policy at the time, and only noticed it when reading the fine print today. If you choose this option, use your card within the first 12 months to avoid the fees.
 
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