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American Express Launches Premium Cash Rebate Credit Card for Small Businesses

Monday 9 May 2005 04:17 CET | News

OPEN from American Express has launched the Platinum Business Premium Cash Rebate Card, a fee-free credit card forhigh-spending small business owners.

The new Card allows customers to earn up to 5% cash back on purchases(1). There is no limit to the amount of cash back customers can earn each year, and the rebate will conveniently appear as an annual credit on a Cardmembers statement. The Platinum Business Premium Cash Rebate Card offers 2.5% cash back on annual spending between $20,000 and $120,000, and offers at least 0.5% cash back on all other spending. Cardmembers can earn even richer rewards -- double cash back, totaling up to 5% -- on purchases made through merchants that participate in the OPEN Savings program. OPEN Savings already provides automatic discounts on a variety of business necessities that include long distance calling, express shipping, car rental and business supply purchases with select merchants. OPEN from American Express also offers the Platinum Business Cash Rebate Card, which rewards customers with 0.5% cash back for annual purchases at or below $7,500; 2.5% cash back for annual purchases between $7,501 and $15,000; and 1% cash back for annual purchases above $15,000. Similar to the Platinum Business Premium Cash Rebate Card, there is no limit to the amount of cash back customers can earn each year with the Platinum Business Cash Rebate Card. In addition to a rich cash rebate and valuable savings, the Platinum Business Premium Cash Rebate Card offers a variety of benefits, including: * No annual fee * % introductory annual percentage rate on purchases for the first six months of Cardmembership * Available credit line of up to $100,000 * Purchase Protection Plan, which protects eligible purchases against accidental damage or theft for up to 90 days from date of purchase * Buyers Assurance Plan, which matches the original manufacturers guarantee up to one additional year * Car Rental Loss and Damage Insurance Plan, which covers excess damage or theft expenses not covered by a Cardmembers other insurance plans * Expense Management Reports, for customizable online reports that help customers track business spending on their Card


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce