American Express (AXP) announced the launch of the new Graphite Business Cash Unlimited Card, marking the start of a major rollout of integrated solutions for businesses of all sizes. This year, the company plans to release eight new or enhanced products, benefits and capabilities that deliver value, simplify financial operations and improve productivity for businesses. These updates will include new expense management software, a new Corporate Cash Back Card, a new ChatGPT Business statement credit for the U.S. Business Platinum and Business Gold Cards and new AI-powered capabilities. It is the most significant commercial product expansion in one year in recent Amex history, helping businesses do more business.
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