No. Punchh support has the ability to "Update the reward expiry" in mass for any mass gifting campaign but this does not remove the reward entirely from the guest account. However, it marks the reward invalid/expired/ perished so that it cannot be used by the guest.
NOTE: To request a reward expiry be updated from a mass gifting campaign, please submit a ticket to Punchh support.
If further assistance is required, submit a ticket to Punchh Support. (For help submitting a ticket, click here)