NEW YORK (American Express) - American Express announced today that its co-branded Corporate Card with American Airlines, the American Express® / Business ExtrAA® Corporate Card program, has been significantly enhanced. Mid-sized firms, which typically have not had the purchasing clout to negotiate corporate airfare discounts, will now have a new, more potent tool to improve their travel bottom line – and earn more reward points for company use with the airline's Business ExtrAA® corporate loyalty reward program.
The new Card program will offer companies a rebate of four percent on all published American Airlines fares, with the rebate paid quarterly. Participating companies will enjoy additional savings as they can directly accrue Business ExtrAA rewards points on all of their Card charges and apply these points to redeeming additional tickets on American Airlines, as well as other benefits.
With the enhanced American Express® / Business ExtrAA® Corporate Card, a mid-sized company that spends $500,000 annually on travel, office supplies and other expenses can expect to save about $6,500.
"The Business ExtrAA Corporate Card program provides a way for mid-sized companies to achieve significant savings," said Anré Williams, Executive Vice President, American Express Global Corporate Services. "What's more, these savings are automatic – earned simply by using the Corporate Card to pay for everyday business expenses and American Airlines business travel."
Expanded Opportunity to Earn Rebates With the enhanced American Express® / Business ExtrAA® Corporate Card, clients now will receive a four percent cash rebate on any(1) published American Airlines fare charged by Cardmembers. Previously, the rebate was 10% on a limited selection of American Airlines' business-type fares. Rebates will be paid quarterly for up to $1 million in American Airlines airfares charged annually. Firms with negotiated American Airlines discounts can earn a one-percent rebate.
"The American Express Business ExtrAA Corporate Card will provide tremendous value to mid-tier companies that can earn Business ExtrAA Points toward award travel on American and along with the program rebates, get more for their travel dollar," said David Cush, Vice President and General Manager Sales for American. "You don't have to be a Fortune 500 company to earn rewards like one".
Award Points for All Types of Spending Signing up for this Corporate Card includes automatic enrollment in American Airlines' Business ExtrAA corporate loyalty program, in which companies earn points toward round-trip flight certificates, one-way upgrades on domestic or international travel, Admirals Club memberships and many more rewards. Member companies choose when to redeem their points and how to distribute rewards.
In another expansion of benefits, American Express Business ExtrAA Corporate Card clients can now earn points in the airline's corporate loyalty program for all their employees' spending on the Card - including air, hotel, restaurants, computers, shipping, and any other business expense. Previously, reward points were accrued only for American Airlines-related charges. The expense management features of the American Express Business ExtrAA Corporate Card include flexible billing and payment options, robust reporting, and controls for monitoring employee spending. Clients can also access savings with a host of T&E vendors participating in American Express' Savings at Worksm program, launched in 2003.
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