American Express To Discontinue OPEN Savings Program (Savings On Business Cards)

American Express has announced that they will be discontinuing the OPEN savings program on June 1st, 2018. After opening a SimplyCash Plus Business card reader Andrew N was presented with the following note:

• Effective June 1, 2018, the OPEN Savings program will no longer be available on your Business Card. You can view savings and rewards opportunities for business purchases, including offers from FedEx, in Amex Offers, which you can access by logging into your American Express online account at americanexpress.com.

For those not familiar American Express’ Open Savings program is similar to Visa SavingsEdge & Mastercard Easy Savings, select merchants give you rewards in addition to what you’d normally earn on your card. If that still doesn’t make sense, it’s basically long term American Express sync offers. For example with FedEx you get a 5% discount as a statement credit and two American Express Membership Rewards points per $1 spent.