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Then that’s not the explanation, since the current LP system only rewards “loyalty” given since the first season at the AMEX...

Have they held their ST for less time than you? If so, that’s probably your answer, as the delta in points between one year and the next is greater at the lower end of the scale. Yr 0 to 1 = 50 LP; yr 6 to 7 = 10 LP