American Express Will Obliterate the AMEX OPEN Savings Program in a Few Months

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American Express Will Obliterate the AMEX OPEN Savings Program in a Few Months

Million Mile SecretsAmerican Express Will Obliterate the AMEX OPEN Savings Program in a Few MonthsMillion Mile Secrets Team

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Via Frequent Miler, the AMEX OPEN Savings program will end on June 1, 2018.

AMEX OPEN Savings is a program that earned many AMEX small business cards bonus cash back or AMEX Membership Rewards points for shopping at certain merchants.  I’m sad to see this go, but it’s not enough to make me cancel the AMEX small business cards I currently have.

American Express Will Obliterate The AMEX OPEN Savings Program In A Few Months
Do You Spend a Lot on Shipping With FedEx? You’ll Soon No Longer Benefit From the AMEX Open Savings Program

Here’s what you need to know!

American Express Discontinues AMEX OPEN Savings Program

Link:   AMEX OPEN

Link:   My Review of AMEX OPEN

One of the great benefits of American Express small business cards is the AMEX OPEN Savings program.

You can choose to earn either 5% back or 2 AMEX Membership Rewards points per $1 you spend with participating merchants, like Barnes & Noble, FedEx, Hertz, and HP.  There’s no registration required, you receive your bonus rewards when you use your eligible AMEX small business card at one of the AMEX OPEN merchants.

But on June 1, 2018, American Express will kill the program.  This likely won’t affect most of you too much.  But for small business owners that spend lots of money at participating stores, this could be a big deal!

Eligible cards are:

  • The Business Gold Rewards Card from American Express OPEN
  • The Business Platinum® Card from American Express
  • The Blue Business℠ Plus Credit Card from American Express
  • The Hilton Honors American Express Business Card
  • 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

So if you have any of these cards, take advantage of the AMEX OPEN savings program as much as you can in the next ~3 months!

Bottom Line

American Express is ending the AMEX OPEN Savings program on June 1, 2018.  So you’ll no longer earn 5% back or 2 AMEX Membership Rewards points per $1 at select merchants.

Is this devaluation enough to make you rethink which AMEX cards stay in your wallet?

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While the ease of using OPEN savings will be gone, I’m sure the savings will still be there in one form or another but s will merge into another area/department of American Express. Even for member that don’t use it everyday, the card company will probably have the saving attached to ‘partner’ ads and notices. I think this is just another way for them to downsize that department/area and move it to another member savings section.