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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:
Cards Affected
The cancelation of the program impacts Amex's small business line of cards including:
- The Business Platinum Card® from American Express
- American Express® Business Gold Card
- The Blue Business® Plus Credit Card from American Express
- Delta SkyMiles® Platinum Business American Express Card
- Delta SkyMiles® Gold Business American Express Card
- SimplyCash® Plus Business Credit Card from American Express
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
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
I need to find another card for shipping expenses.
Hadn’t heard of this and there were probably some valuable advantages with it.
I saved a few cents with the program, but didnt find much value in it.
If they refocus their efforts on a program that impacts more people, this could be positive!
this was really good on Hertz rentals
too bad to lose this perk, not sure what will make up for it
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.
Thanks 🙂 Expand your points gathering past your immediate family.
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??
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.
I don’t have the business cards, but useful information for small business owners.
hmm…interesting. Never knew it was there. Oh well.
too bad – good while it lasted
the discounts were great for those who could use them… RIP
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.
I will go nuts if they get rid of Visa Savings Edge, though
This was one of those things that I never even knew about.
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.