PYMNTS-MonitorEdge-May-2024

Amex Adds WeWork, Dell Benefits For Business Card Members

American Express (Amex) is introducing new features and benefits for its Business Platinum Card members, the company announced Monday (Dec. 3).

Among the most noteworthy of the enhancements is access to WeWork services, including one free year of entrance to WeWork locations around the world. Dubbed “Platinum Global Access from WeWork,” the benefit allows card members to access work space on demand from the company, which operates 335 workspaces across 24 countries.

In its announcement, Amex pointed to research it commissioned, conducted by Oxford Economics, which found that 49 percent of businesses plan to introduce the option to allow their employees to work remotely.

American Express is also enticing its business card members to shop with Dell via its “Shop Dell with Business Platinum” benefit, allowing payers up to $200 in statement credits a year when they make purchases from Dell. In its announcement, American Express said this is particularly useful for small businesses (SMBs) that need to update their technologies to remain competitive.

The addition of new benefits coincides with an increase in annual membership fees for the card, American Express said.

“The way people do business is changing, and there are still barriers to staying productive on the go, which is why we’re introducing solutions that support our customers’ agility and productivity anywhere they need them,” said American Express SVP and GM of Commercial Card Products and Consulting Courtney Kelso in a statement. “The Business Platinum Card is designed to give business owners an edge, and we’re thrilled to bring WeWork and Dell on as partners to give our customers the business tools, global office space and technology they need to take their business even further.”

Additional benefits rolling out next year include new ways to redeem rewards points for hotel credit and airport business lounges. Amex noted that the commercial card solution can also provide streamlined integration into existing expense management platforms, as well as access to Working Capital Terms for short-term cash flow financing.

PYMNTS-MonitorEdge-May-2024