Buenos dias everyone. A few months ago, I purchased some items from HP.com using my American Express Business Platinum Charge Card, which offers the choice between 5% cash back or 2 bonus Membership Reward Points per dollar spent on purchases from HP and other select merchants through the American Express OPEN Small Business Savings program. All American Express issued business cards are part of OPEN – Membership Rewards-earning cards offer a choice between the two, while others like the American Express Starwood Preferred Guest Business Credit Card only offer the 5% cash back option.
5% cash back is clearly worth more than 2x Membership Reward Points, so I was disappointed when I realized that the card defaulted to 2x Membership Reward Points and I had never changed my savings preferences. I chalked it up to experience and switched the settings in my OPEN preferences so I wouldn’t make that mistake again.