Good evening everyone, the hits keep coming from American Express. Earlier today, I reported that American Express is no longer awarding Membership Rewards points for cash equivalents & person-to-person payments. And just now, I looked at my American Express Business Platinum Charge Card and saw that the OPEN Savings Program is ending June 1, 2018. I’m not why the program is ending, but I guess the program costs American Express more money than the program brings in.
I went to the OPEN Savings Program homepage and looked around for any notice of the June 1, 2018 closing date. Nope, nothing there. I think the downfall is that the OPEN Featured Partners include FedEx, Hertz, HP, and 1-800-Flowers. Those are not the most exciting companies to shop at. I did like earning free Membership Reward Points when I bought HP.com gift cards. As the program stands now, you can earn 2 bonus Membership Reward Points or an extra 5% cash back if you shop at select merchants and pay with your OPEN-enrolled American Express business credit or charge card.
Will this change negatively affect you or have you never earned any bonus points / cash back from the OPEN Savings Program? With such bad news from American Express lately, I wonder if they have any good news coming out soon. We will have to wait and see. If you have any questions, please leave a comment below. Have a great evening everyone!