Effective 6/1 AMEX is ending OPEN Savings.
The program gives 5% cash back at Fedex, Hertz, HP, and 1800Flowers on top of regular points for spending on all AMEX business cards.
It’s not the biggest loss, but it still hurts to keep seeing benefits being chipped away. I’m still mourning the loss of the 50% points rebate on the Business Platinum AMEX.
Other credit card companies are chopping benefits as well. For example, effective 3/1 Discover has eliminated rental car insurance, extended warranty, return protection, purchase protection, and more. Will other banks follow their lead in ending generous credit card protections?
Last year Citibank neutered their $450/year Prestige card by eliminating AA club access, increased points values for paid AA flights, free rounds of golf, and more. I just hope that Chase Sapphire Reserve stays exactly as it is now.
For now, Mastercard still operates Easy Savings and Visa operates Savings Edge for business cards. For example Mastercard offers 5% back at Avis/Budget, 2% at Rakuten, and 1% on select gas stations. Visa offers 5% off at B&H, Lenovo, and Wyndham, 4% off at Alamo/National, 3% at Newegg, and 2% at Chevron. Hopefully those offer stick around…
What credit card benefit do you think will the next to be eliminated?