The American Express® Corporate Card Program
now includes a custom solution for founders – the Corporate Program
for Startups
American Express (NYSE: AXP) today announced a reimagined
Corporate Program with new offerings to meet the needs of companies
and their employees. The American Express Corporate Program – the
suite of products that includes the American Express Corporate
Green, Gold, and Platinum Cards® – will roll out a set of flexible
tools and solutions that are designed to make business travel more
efficient and enjoyable, help ease the task of expense management,
and provide benefits that can extend to Card Members’ personal
lives.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191017005513/en/
American Express Corporate Green Card
(Photo: Business Wire)
American Express is also unveiling a custom offering under the
Corporate Program for startups as they continue to rapidly scale
and grow their businesses. The Corporate Program for Startups will
offer the option of full corporate liability, as well as offering
dynamic spending capacity that flexes with the startup’s linked
business bank account. For startups, this means big spending power
that is not fixed, with no personal credit score impact, no
personal guarantee, and no security deposit, along with the premium
access, rewards, security and the world-class service that American
Express is known for.
“Listening to our customers and evolving our offerings to fit
their changing needs is a key reason we’ve been able to maintain
our leadership position in the Corporate Card space,” said Anna
Marrs, President, Global Commercial Services at American Express.
“This reinvention of our Corporate Cards, coupled with the
introduction of the Corporate Program for Startups, will provide
our customers the powerful backing and world-class service they
need to compete in an ever-changing business environment.”
INTRODUCING AN EVOLVING SET OF NEW AND ENHANCED BENEFITS FOR
CORPORATE CARD MEMBERS
Starting today and going forward, the enhanced Corporate Card
Program will roll out a set of flexible tools and solutions that
provide employees with added benefits and efficiencies, helping
companies and their employees thrive in the modern working
world.
New Corporate Card benefits:
Today, the American Express Corporate Program is unveiling new
partnerships with Uber and CLEAR® and an expanded partnership with
Hilton:
- Uber1: In December, new Uber benefits will be rolled out
on all three Corporate Cards (Green, Gold and Platinum). When Amex
Card Members book a ride through their Uber business profile and
charge it to their Corporate Card, they’ll earn double reward
points with Uber Rewards that they can redeem for things like
discounts on personal rides or Uber Eats orders. Corporate Platinum
and Corporate Gold Card Members will also have access to priority
pickups at most U.S. airports, and Corporate Platinum Card Members
can request to ride with highly rated drivers where available.
- CLEAR2: Through the Corporate Program’s new partnership
with CLEAR, Corporate Platinum Card Members can enjoy up to $179 in
statement credits towards CLEAR membership, which unlocks
frictionless experiences at 60+ locations nationwide, including
airports, arenas, stadiums, and Hertz rental car locations. This
benefit, the equivalent value of an annual CLEAR membership, will
be available starting in November.
- Hilton Honors: Today, Corporate Platinum Card Members
receive complimentary Hilton Honors Gold Status providing them with
additional upgrades and higher points earning when they enroll in
the Hilton benefit. Beginning in November, as part of the Corporate
Program’s expanded partnership with Hilton, Corporate Green and
Corporate Gold Card Members will receive complimentary Hilton
Honors Silver Status. When Card Members enroll in the Amex-Hilton
benefit and stay at Hilton, they’ll enjoy instant perks and an
additional bonus on all Hilton Honors Base Points earned, getting
them to free nights for personal travel faster.
Additional benefits include:
- Added Peace of Mind Benefits
Corporate Card Members can leave for business
trips with the knowledge that they are backed by the American
Express Corporate Program and its world-class, peace-of-mind
benefits, including 24-hour customer service and Global Assist®
Hotline (24/7 emergency and assistance services for medical, legal,
financial, or other select emergencies when Card Members are more
than 100 miles from home). In addition, coming soon are several new
business travel insurance benefits, including Trip Delay Insurance
and Trip Cancellation & Interruption Insurance on Corporate
Platinum.
- Valuable Business Traveler Benefits
In addition to the new partner benefits with
Uber, CLEAR and Hilton, Gold and Platinum Corporate Card Members
can take advantage of enhanced benefits that can make business
travel easier, such as annual airline fee credits (new, $100 for
Corporate Gold, and enhanced, $200 for Corporate Platinum) for use
on things like Wi-Fi, meals on planes, and baggage fees on their
selected qualifying airline. This is in addition to existing
benefits like Fee Credit for Global Entry or TSA Pre✓® (Corporate
Gold and Corporate Platinum) and access to both Fine Hotels &
Resorts® and the Global Lounge Collection® (Corporate
Platinum).
- Flexible Membership Rewards®3 program
American Express is also introducing enhanced
flexibility, choice, and control to help companies tailor their
Membership Rewards program in a way that allows them to offer this
benefit to more of their employees giving companies one more way to
boost employee satisfaction and management of program expenses. As
always, employees earning Membership Rewards points on their
American Express Corporate Cards can link those points to their
personal American Express Card earning account, so their points can
go a long way.
- Employee Focused Benefits
Corporate Card Members also receive benefits
that they can use personally. Eligible Corporate Card Members who
apply through the Corporate Advantage Program and are approved for
select personal American Express Cards can be eligible to receive a
fee credit on their personal Card annually, as long as they
continue to have that American Express Corporate Card from their
employer. Corporate Platinum Card Members can also access exclusive
experiences through the Global Dining Collection and By Invitation
Only® programs, respectively.
- Digital Experience Benefits
An updated American Express® Business App
will help Corporate Card Members view and manage their business
transactions, statements and account, as well as organize their
expenses via enhanced expense reports that can be created within
the app instantly. New expense reports capabilities include
categorizing transactions, attaching receipt images to reports, and
exporting reports into PDF form.
The improved Amex® Business App now supports
American Express Maps giving Card Members visibility into nearby
merchants where they can use their Card, with icons that indicate
Card Member favorites and small businesses nearby. The app also
includes a Benefits Dashboard, which provides insight into benefits
associated with the Card.
- Updated Look and Form Factor
The look and feel of each Corporate Card has
also been refreshed. Corporate Green, Gold and Platinum Cards have
a new design, are enabled for contactless payments, and are being
made with new materials. The Corporate Green Card will be made
primarily with reclaimed plastic collected from beaches, islands
and coastal communities from Parley for the Oceans, and the
Corporate Gold and Corporate Platinum Cards will be metal.
OPPORTUNITIES FOR STARTUPS
As part of the reimagined American Express Corporate Program,
this Fall, qualified startups will be invited to apply to the
Corporate Program for Startups, making their business eligible for
the powerful backing, security and world-class service that
American Express provides. The American Express Corporate Program
offers startups rewards to reinvest in their employees, efficiency
for business operations, and smart insights to scale and grow.
Under the Corporate Program for Startups, companies will have
access to:
- Dynamic spending capacity to back their big ideas
- The option of full corporate liability with no personal credit
score impact, no personal guarantee, and no security deposit
- Exclusive access to our merchant offers curated for
startups
Plus, they will have access to all of the benefits and rewards
of the Corporate Card Program including:
- The widest range of redemption options through the American
Express Membership Rewards® program
- The ability to pool Membership Rewards points earned through
business and personal spending, so rewards can flex to accommodate
both bucket lists and business goals
- Convenient, comfortable spaces like The Centurion Lounges, as
well as early access to events, experiences and restaurants for
Corporate Platinum Card Members
American Express will continue to roll out new Corporate Program
benefits and offerings in 2020. Further details about new business
travel and added peace of mind benefits will be announced in the
coming months.
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. Learn
more at americanexpress.com and connect with us on
facebook.com/americanexpress,
instagram.com/americanexpress,linkedin.com/company/american-express,
twitter.com/americanexpress, and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: charge and credit cards, business credit cards, travel
services, gift cards, prepaid cards, merchant services, Accertify,
InAuth, corporate card, business travel, and corporate
responsibility.
1 The standard U.S. Uber Rewards rate is one point per eligible
dollar for Pool and Express Pool; two points per eligible dollar
for Uber X, Uber XL, WAV/Assist, Comfort and Select; and three
points per eligible dollar for Uber Black and Black SUV rides. Uber
Taxi and JUMP rides do not earn points. If users do not earn reward
points on a ride, they will not earn extra reward points through
the American Express benefit. Uber Eats orders do not earn extra
reward points through the Amex benefit. The extra reward points
earned through the Amex benefit are Uber reward points only, meaning that they count toward redemption
awards earned every 500 reward points but, unlike “level points,”
do not count toward Uber Rewards membership levels (Blue, Gold,
Platinum, and Diamond). See U.S. Uber Rewards Program Terms for
details.
2 CLEAR memberships automatically renew each year unless
canceled. This means that CLEAR will collect the then-applicable
membership fee by charging a credit card CLEAR has on record for
you without notifying you, unless notification is required by
applicable law.
3 Terms and Conditions for the Membership Rewards program apply.
Visit membershiprewards.com/terms for more information.
Participating partners and available rewards are subject to change
without notice. The value of Membership Rewards points varies
according to how you choose to use them. To learn more, go to
www.membershiprewards.com/pointsinfo.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191017005513/en/
AMERICAN EXPRESS Patrick Jones 212-225-4706
Patrick.Jones@aexp.com
M BOOTH Mike Loughran 212-388-7680 Mikel@mbooth.com
American Express (NYSE:AXP)
Historical Stock Chart
From Mar 2024 to Apr 2024
American Express (NYSE:AXP)
Historical Stock Chart
From Apr 2023 to Apr 2024