Amex Ends OPEN Savings Program (June 1, 2018)

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UPDATE: Amex has now launched a new business program called Do More Business, check out the details here.

American Express is discontinuing its OPEN Savings program, a program where you can receive statement credits/rebates or additional bonus points with Amex business credit cards, as of June 1, 2018. The move was confirmed by a reader of Doctor of Credit when they opened a SimplyCash® Plus Business Credit Card from American Express and found the following note included:

OPEN Savings Program Termination

Cards Affected

The cancelation of the program impacts Amex's small business line of cards including:

Our Take

The businesses that knew of and actively used the OPEN Savings program are the ones hardest hit. In all likelihood, most businesses probably never paid attention to this benefit and were merely beneficiaries of the occasional bonus points or statement credits.

If you've got a small business and have been leveraging the program, you might want to consider checking out the Mastercard Easy Savings program, or Visa SavingsEdge.

Source: Doctor of Credit

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    I need to find another card for shipping expenses.

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    Hadn’t heard of this and there were probably some valuable advantages with it.

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    I saved a few cents with the program, but didnt find much value in it.

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    Alice Chen says:

    If they refocus their efforts on a program that impacts more people, this could be positive!

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    this was really good on Hertz rentals

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    too bad to lose this perk, not sure what will make up for it

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    Howie, how do you do it? Keep getting all these trips, especially hotels, while we we mere mortals scrape by for crumbs?

    I REALLY appreciate your daily updates. They are very useful. I refer friends to your service regularly.

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    I’ve held AmEx biz cards off & on, but never made use of this program. Ah well, easy come, easy go…

    And on an unrelated note, 2 comments posted over the weekend on other articles have not been approved, yet it seems there are comments from others dated later than mine, that have been posted??

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      That seems like most people — I think a vast majority of cardholders didn’t even think about this benefit.

      As for comments, they are not automatically approved, however, all comments have been reviewed.

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    Lee Ann Bixler says:

    I don’t have the business cards, but useful information for small business owners.

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    hmm…interesting. Never knew it was there. Oh well.

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    too bad – good while it lasted

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    the discounts were great for those who could use them… RIP

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    I always felt guilty when I saw these available discounts on the last page of my hardcopy statement. Felt guilty because I kept forgetting that they were available, and therefore have used a different credit card a few times for an appropriate purchase. It’s getting too hard to keep all the discounts in mind. Therefore, eliminating this one sort of gives me some piece of mind. However, sorry for those of you who regularly took advantage of them.

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    deerseason says:

    I will go nuts if they get rid of Visa Savings Edge, though

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    This was one of those things that I never even knew about.

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    Although I didn’t use this much, it was always nice when I bought something to later see a small discount. I’m sure many people will miss the program a lot.