American Express Launches New Platinum Business Premium Cash Rebate Credit Card
Written by CardRatings.com
Posted On: May 17, 2005
American Express is a CardRatings.com advertiser.
EDITOR'S NOTE: THIS OFFER EXPIRED AND IS NO LONGER AVAILABLE. The success of cash rebate cards continues to help fuel American Express' growth in the US as they unveiled another business cash rebate card for high-spending small business owners. The new "Platinum Business Premium Cash Rebate Card" carries no annual fee and offers up to 5% cash back on purchases. There is no limit to the amount of cash back customers can earn each year, and the rebate will appear as an annual credit on a cardmember's 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 double cash back, totaling up to 5%, on purchases made through merchants that participate in the OPEN Savings(SM) program. OPEN Savings 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.
With the Platinum Business Credit Card, you can also enroll in the Membership Rewards Options program and earn points toward rewards from 20 major airlines, 150 hotel properties, shopping and entertainment. In addition, points have no expiration date and there's no limit to the number of points you can earn.
"Businesses, particularly the highest-spending firms, are demanding more value in an increasingly competitive marketplace," said Raymond Joabar, senior vice president and general manager, OPEN from American Express. "The Platinum Business Premium Cash Rebate Card delivers terrific value for customers who spend heavily on their card."
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, the Platinum Business Premium Cash Rebate Card offers other benefits, including:
No annual fee
0% introductory APR on purchases for the first six months
Available credit line of up to $100,000
Purchase Protection Plan: Protects eligible purchases against accidental damage or theft for up to 90 days from date of purchase.
Buyer's Assurance Plan: Matches the original manufacturer's guarantee up to one additional year.
Car Rental Loss and Damage Insurance Plan: Covers excess damage or theft expenses not covered by a Cardmember's other insurance plans.
Savings: Save at AT&T;, Fed Ex, Hertz, Staples, 1-800-FLOWERS.COM and more by using your business card and see the savings on your statement. No coupons or codes are needed and the savings are in addition to other discounts your business may already receive.
Online Management: Manage your account with the Small Business Dashboard and track charges in Expense Management Reports.
Community: Chat, pose questions, get insights from other small business owners, and attract new business.
Advice: Ask an expert a question, use an online tool, and read articles by other business owners.
Access to Cash: Access to cash at over 500,000 ATMs.
Emergency Services: Assists you with emergency card replacement, check-cashing, and hotel check-in.
Customer Service: Provides help 24 hours a day, 7 days a week.
More information about American Express Business Cards, including card reviews by our staff members and application info., can be found here: