Amex Cuts Employee Card Perks From Business Centurion Card
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
While the ever-exclusive Business Centurion Card from American Express charges an astronomical $2,500 annual fee, the perks that come with it make the invitation-only corporate card worth it for some high-budget businesses. Unfortunately, it seems as if Amex is cutting one of the primary benefits employers were able to give to their additional cardholders: the ability to earn points for their personal accounts.
Here is an excerpt from the letter TPG reader and Business Centurion cardholder received detailing the changes:
“Starting September 28th:
- Purchases with your Additional Business Card will earn points for your Basic Business Card Member’s Rewards program account
- Purchases with your Additional Business Card will no longer earn points for your Additional Membership Rewards program account, and your program account will be cancelled.”
Under the current benefits structure, primary cardholders can pay an additional annual fee to add more cardholders to the account; those cardholders have the opportunity to opt into an Additional Membership Rewards program. This program allowed additional cardholders to keep the points they earned with their card in a separate account and redeem them on their own terms.
For large businesses that pay for some of their top employees to carry company cards, this benefits program was a huge factor in why a business would choose to pay another $2,500 for an Additional Centurion Business Card rather than use a less-expensive option.
However, effective immediately, Amex will no longer offer the option for new additional cardholders to have their own Membership Rewards account. Effective September 28, all points earned with additional business cards will funnel into the primary cardholder’s program account. Additionally, those who are currently enrolled in an Additional Membership Rewards program will have until October 31, 2019, to redeem their points before they are forfeited and their Additional Membership Rewards program accounts are closed.
When we reached out to Amex to confirm these changes, this is the official statement they gave:
“We recently notified Business Card Members about upcoming changes to the Additional Membership Rewards program for Employee Cards. As of September 28, 2019, purchases charged on Additional Business Cards will earn points for the Basic Business Card Member’s (primary Card holder’s) program account. After the change takes effect on September 28, 2019, card members will only be able to redeem points by calling the number on the back of their Card. Enrolled Additional Business Card Members will have until October 31, 2019 to redeem accumulated points otherwise they will be forfeited. There will be no interruption to Additional Business Card usage.”
According to an Amex representative, the decision to “streamline” the benefit structure for additional business cards was made because most additional business cardholders never opted into the Additional Membership Rewards program — a justification that sounds similar to Citi’s reasoning for its recent benefits cut.
For employees who have racked up hundreds of thousands of points with their company cards, this means they have approximately four months to redeem those rewards before they’re gone forever. Because Amex doesn’t allow cardholders to move points between different accounts, there doesn’t seem to be a workaround to avoid losing any unredeemed points come October 31st.
The only good news is that it doesn’t look like any other perks are being cut at this time. While this is definitely a devaluation of additional business cards, the change doesn’t negatively affect primary account holders.
The premium perks Centurion cardholders enjoy — including the use of a personal concierge, unlimited earning potential and premium travel benefits you won’t find with any other credit card — are here to stay. However, it might be time to reevaluate whether paying thousands of dollars each year for additional business cards is worth it.
Welcome to The Points Guy!
Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees