It could be known already, I get my statements snail mail, but for the people who enrolled in the Corporate MR earning programs, they are making changes to the enrollment fees and earnings.
Good news is the fees are being lowered. If you have a Corporate Gold card the fee will be $0 and Corporate Green card will be $55 starting March 6, 2020. If you are lucky enough to have a Corp Gold then it'll be automatically enrolled into the MR earning program.
For ever upside there's a down. Your company will have a choice on how many points you can earn, either 1 pt per $1 or 1 pt per $2. So your earn rate might be halved.
About the Program | We are changing the terms that concern the annual enrollment fee for
certain Corporate Card Members to participate in the program.
Effective March 6, 2020, the Membership Rewards annual enrollment
fee for American Express Corporate Gold Cards will be $0. If an
American Express Corporate Gold Card is enabled by your company to
participate in the Membership Rewards® program it will be automatically
enrolled in the program.
Effective March 6, 2020, the Membership Rewards annual enrollment
fee for American Express Corporate Green Cards will be reduced from
$90 to $55. If an American Express Corporate Green Card has been
enabled by your company to participate in the Membership Rewards®
program, you may choose to enroll in the Program and the annual fee will
be charged to your Card.
Effective March 6, 2020, the Membership Rewards annual enrollment
fee for Global Dollar Card - American Express ® Corporate Executive
Gold Card will be $0. If a Global Dollar Card - American Express ®
Corporate Executive Gold Card is enabled by your company to participate
in the Membership Rewards® program it will be automatically enrolled in
the program.
Effective March 6, 2020, the Membership Rewards annual enrollment
fee for Global Dollar Card - American Express® Corporate Card will be
reduced from $75 to $55. If a Global Dollar Card - American Express®
Corporate Card has been enabled by your company to participate in
the Membership Rewards® program, you may choose to enroll in the
Program and the annual fee will be charged to your Card. |
Getting Points | We are changing the terms that concern the number of points that a
Corporate Card Member earns per dollar of eligible spend (referred to in
this paragraph as the "earn rate"). If you are a Corporate Card Member,
effective March 6, 2020, your company will have the choice to determine
if you earn one Membership Reward® point per dollar or one Membership
Reward point per two dollars of eligible spend on your enrolled Card.
Initially, your company will be able to select the earn rate until March
31, 2020, which earn rate would be activated for you on May 1, 2020.
Beginning in the fall of 2020, your company will be able to select the
earn rate annually during the earn rate enrollment period in October and
November of each year, which would be activated for you on January 1 of
the following year. If your company does not make a selection during the
annual enrollment period, then the earn rate will remain unchanged. If you
are enrolled in the Membership Rewards Program you will be notified by
American Express if your company decides to change the earn rate for its
Corporate Card Program. |