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Amex OPEN Savings: Membership Rewards, Discounts, and More

by on August 6, 2014 · 10 comments

in American Express, Hertz, Hyatt, Membership Rewards

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It’s been a little over a year since I last wrote about the Amex OPEN Savings program, so I thought it would be useful to give an update on the current partners and benefits involved.

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Amex OPEN Savings is a benefit of Amex business credit cards and a good reason to consider getting one, because you can earn up to either a 10% discount or 4 bonus Membership Rewards points per dollar (although sometimes a lower 3% discount and 2 bonus points) automatically at certain merchants. You can earn additional points or receive discounts in the form of statements credits for different categories like lodging, transportation, shipping, technology, services and gifts.

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Current featured partners include:

Hyatt: Get a 5% discount or 2 additional Membership Rewards points for each eligible dollar spent up to $10,000 per calendar year with Hyatt Hotels & Resorts including Park Hyatt, Andaz, Grand Hyatt, HYATT and Hyatt Regency Hotels.

Hertz: Get a 3% discount credited to your American Express statement OR 1 additional Membership Rewards point for every eligible dollar spent up to $500, 5% discount OR 2 additional points for every eligible dollar spent above $500 and up to $2,000, and 10% discount OR 4 additional points for every eligible dollar spent above $2,000 per calendar year, per Card Account.

Carey: Get a 5% discount credited to your American Express statement or 2 additional Membership Rewards points for each eligible dollar spent.

FedEx: Get a 5% discount credited or 2 additional Membership Rewards points on each eligible dollar spent on qualifying services up to $20,000 per calendar year, per card account with FedEx Express, FedEx Ground and FedEx Freight shipping.

FedEx Office: Get a 5% discount or 2 additional Membership Rewards points on every dollar spent up to $20,000 per calendar year, per card account.

HP Home and Home Office Store: Get a 3% discount credited to your American Express statement or 1 additional Membership Rewards point on every eligible dollar spent up to $500, 5% discount or 2 additional points for every eligible dollar spent above $500 and up to $1,500, and 10% discount or 4 additional points on every eligible dollar spent above $1,500 and up to $30,000, per calendar year, per card account.

1-800-Flowers: Get a 5% discount credited to your American Express statement or 2 additional Membership Rewards points for each dollar spent.

Barnes & Noble (BN.com): Get a 5% discount or 2 additional Membership Rewards points for each dollar spent.

Amex Open Savings Benefits

Depending on how many Amex OPEN cards you have, you can log in and choose to receive discounts or earn points for each card. If you were to spend $1,000 on a stay at the Andaz West Hollywood, you would receive $50 cash back or 2,000 additional points.  I value Membership Rewards points at 1.8 cents apiece, so 2,000 points would only be equivalent to $36, and you’d be better off choosing the discount in that case. Luckily, you can change your preference once per calendar month, though changes can take up to 72 hours to take effect.

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I personally have the Starwood Business Amex and the Business Platinum Card. While my Starwood Business card is part of the OPEN Savings program, it’s only eligible for the discounts. I was able to choose between the two benefits for my Business Platinum card and decided to go with the extra Membership Rewards points for now, since I prefer to boost my point balance when I can.

As with all points-related decisions, before you put your strategy in place, think about where you’re going to spend your money and what amount you’re going to spend. Then compare the potential discount with the value you could get out of the extra points you’d earn instead, and choose whichever will serve you better.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • http://alliedpassport.com/ Steve Gempeler

    My business ships about a dozen FedEx packages a day. Amex Open is amazing!

  • Shana

    I get 5 points per dollar spent on my Hertz rentals each week with the business platinum card! I used to get the cash back but changed to points once I found out that rebates for businesses are taxable. I love the extra points anyway, and together with the 3 points per dollar spent on airfare on the gold card, I earn about 100,000 points each year just from car rentals and flights!

  • Santastico

    If you enroll a SPG Business card on this promo do you still get SPG points for using the card or it is either discounts or SPG points?

  • John Hill

    We use the FedEx 5% and it really adds up!

  • Ven

    One note. The hertz discounts are not available at Hertz franchisee locations. The hertz at the airport I most frequently travel too is a franchisee so I rent with avis.

  • Cruz

    Use FedEx 5% everyday for business

  • stvr

    FIRST YOU SAY:

    “I value Membership Rewards points at 1.8 cents apiece, so 2,000 points would only be equivalent to $36, and you’d be better off choosing the discount in that case.”

    THEN YOU SAY:

    “I was able to choose between the two benefits for my Business Platinum card and decided to go with the extra Membership Rewards points for now, since I prefer to boost my point balance when I can.”

    TPG, this makes NO sense! How do you reconcile two completely contradictory statements in one post?

    SMH… SMH…

  • thepointsguy

    I should clarify. That “value” is an estimate- not a solid figure. Even though based on that number, I would come out ahead with a discount, there’s still extra value to be had for accruing points when you’re short of an award and trying to get to a critical mass where you can redeem (which is where I’m at right now w my Amex points after a bunch of recent redemptions). Does that make sense at all?

  • thepointsguy

    Yes- you still get SPG points plus the discount

  • Tran

    I have a big question about amex MR redemption. This week I tried to redeem points for a big gift card and long story short it was a huge fiasco (4 calls totaling 1.5 hours and multiple different answers from customer service reps) Is it acceptable or common to ask for some kind of compensation in the form of points for my time or should I just let it go? I wouldn’t cause a ruckus but maybe an email to Amex is in order?

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