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American Express offers the OPEN Savings program, which is a benefit available on many American Express business cards. This program offers bonus points or savings at select retailers, including FedEx, Hertz, HP, and 1800Flowers.com.
Specifically, if you have an eligible card, you receive either 5% off or two bonus Membership Rewards points for purchases at those retailers. There are plenty of cards not enrolled in Membership Rewards that belong to the OPEN Savings program, so in these cases you just automatically receive a 5% discount. Regardless, I’d always choose the 5% discount over two bonus Membership Rewards points, since I don’t quite value Membership Rewards points at 2.5 cents each.
Cards that were eligible for the OPEN Savings program include the following:
- The Business Gold Rewards Card from American Express OPEN
- The Business Platinum® Card from American Express OPEN
- The Blue Business℠ Plus Credit Card from American Express
- Starwood Preferred Guest® Business Credit Card from American Express
- Gold Delta SkyMiles® Business Credit Card from American Express
- Platinum Delta SkyMiles® Business Credit Card from American Express
- Hilton Honors American Express Business Card
Unfortunately it looks like Amex is discontinuing the OPEN Savings program on small business cards as of June 1, 2018. Eligible business cards with a statement closing in March have the following note on the billing statement:
Important changes to the OPEN Savings Program
Effective June 1, 2018, the OPEN Savings program will no longer be available on your Business Card. You can view savings and rewards opportunities for business purchases, including offers from FedEx, in Amex Offers, which you can access by logging into your American Express online account at americanexpress.com.
It looks like there may still be some savings offers for these retailers, but they’ll be transitioned into the Amex Offers program, which I consider to be one of the best benefits of holding onto an Amex card anyway.
While this is a negative change, I can’t say I took advantage of the program all that much. However, I know plenty of other people who frequently took advantage of this, especially for shipping with FedEx and car rentals with Hertz.
Are you sad to see the Amex OPEN Savings program discontinued?
(Tip of the hat to Doctor Of Credit)