Consumer Payment Card News

Double Points

American Express launched its first-ever double points Membership Rewards promotion centered around the business-to-business category. Through July, AmEx is offering OPEN Small Business Network cardholders the option to earn double Membership Rewards points for both offline and online purchases made on an eligible, enrolled charge or credit card from the OPEN Network at participating merchants. The merchants include: FedEx Express and FedEx Ground, IKON Office Solutions, MSC Industrial Supply, Newark Electronics, and Mailboxes, Etc. The OPEN Network serves nearly three million customers and is dedicated to those companies with fewer than 100 employees. AmEx launched the OPEN Small Business Network in mid-January. In March, American Express added two card products to the OPEN program. The new Business Purchase Account card is a charge card that provides no pre-set spending limit with the flexibility to pay over time through a new product called the balance payment option. The Business Management Account is a no-fee credit card that provides cardholders with the option of paying over time. It offers a six month, 0% rate on new purchases; an annual percentage rate as low as prime + 2.99%, and 9.99% fixed rate on balance transfers for the life of the balance. For more information visit: www.open.americanexpress.com.

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