When I signed up for a DJ AMEX card last year I can redeem my points for credit at the rates
$50 8,000
$100 14,500
$250 36,000
$500 69,000
$1000 130,000
But now when I tried to redeem it's flat 10k points for $50, which is a lot less. Can they just devalue your points like this without telling you?
It was mentioned on both the January and February statements that the points redemption rate was changing but only that the value of $100 would increase to 20K points for everything except DJs gift cards (and redeeming Membership Rewards while shopping on DJs Online); nothing about the other denominations
Source: my January and February DJs Amex statements
Maybe the sent you an email stating change to ters & conditions?
But yes they can