American Express Launches Corporate Cashback Card Program with Integrated Expense Software

American Express has rolled out its Corporate Cashback Card program, which combines card services with expense management software and mobile app. The card offers 1.5% cash back on eligible purchases up to $10 million per calendar year across all company cards, then 1% thereafter.

The program carries an annual membership fee of $2,950 for unlimited cards, waived for the first year for customers who apply and set up by March 31, 2027. The software integrates with enterprise resource planning systems for reconciliation.

Raymond Joabar, Group President, Global Commercial Services at American Express, said: 'Nearly 9 out of 10 businesses we surveyed told us their future growth depends on getting a better understanding of employee spending.'

The card program allows businesses to issue unlimited physical and virtual cards with customizable spending controls. Finance teams can set parameters on where, how, and when employee cards can be used.