AmEx deepens push into small and mid-market businesses with new cards

Business customers tend to spend heavily, giving companies a strong ​incentive to bring them into their fold. While AmEx is a ​dominant player, the new cards could help it reinforce its ⁠lead.
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For an annual fee of $295, the company’s Graphite Business card will offer ​a 2% cashback on eligible purchases and 5% on flights and prepaid hotel ​bookings made through its travel platform.
AmEx also plans to introduce a new corporate cashback card this fall and will disclose fee details closer to the launch.