American Express OPEN Savings Review – Earn Extra Rewards On Your Business Cards

Yesterday we looked at the Visa Savings Edge program which lets you earn extra cash back as statement credit at a variety of different merchants. OPEN savings is AmEx’s version of the same program. The only difference is that you have the option of choosing membership reward points as a bonus or cash back as statement credit.

sign up now

amex open savings how it works

How To Enroll

Participating Merchants

Full list of participating merchants

featured partners

  • Park Hyatt – 5% or 2 membership rewards points
  • Andaz – 5% or 2 membership rewards points
  • Grand Hyatt – 5% or 2 membership rewards points
  • Hyatt – 5% or 2 membership rewards points
  • Hyatt regency – 5% or 2 membership rewards points
  • Hertz – 3-10% or 1-4 membership rewards points (based on how much you’re spending annually)
  • Carey – 5% or 2 membership rewards points
  • FedEx  – 5% or 2 membership rewards points
  • HP Home Office & Store – 3-10% or 1-4 membership rewards points (based on how much you spend annually)
  • 1-800 flowers – 5% or 2 membership rewards points
  • Barnes & Noble – 5% or 2 membership rewards points

Our Verdict

Personally I don’t find this program as attractive as the one offered by Visa, but that’s because I don’t use any of the merchants on a regular basis. For those staying at Hyatt locations regularly or who put a lot of spend through FedEx I can see why this program would be super attractive.

It’s free to sign up for, so I don’t really see the harm as AmEx already has all of this data on you anyway.

sign up now

What do you think of the AmEx program? Let us know in the comments. Tomorrow we will be looking at the MasterCard Open savings program. Do you know of any others? Let us know!

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bullmeister
bullmeister (@guest_1307920)
January 2, 2022 02:18

So this program is kaput?