AXP · News · 20261030N

Rewards and Deposit Integration

AMERICAN EXPRESS CO · 2026-10-30 · Importance 31 · Surprise 42

American Express introduced a feature for U.S. Cash Back Card Members to redeem Reward Dollars as deposits into American Express High Yield Savings Accounts or Business Checking accounts. The feature links card rewards with consumer and business deposit products and is intended to strengthen customer relationships. Online redemption is available now, with in-app functionality and automatic redemption planned for 2027.

Key facts

• American Express plans to add in-app rewards redemption functionality and automatic redemption in 2027. source
• American Express introduced a feature allowing US Cash Back Card Members to redeem Reward Dollars as deposits into American Express High Yield Savings Accounts (HYSA) or Business Checking accounts for business cardholders. source
• American Express rewards redemption is currently available online. source
• American Express's existing rewards redemption methods include statement credits. source