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American Express Launches New Graphite™ Business Cash Unlimited Card, Kicking Off the Most Significant Year for Commercial Product Expansion in Company History

Business

American Express Launches New Graphite™ Business Cash Unlimited Card, Kicking Off the Most Significant Year for Commercial Product Expansion in Company History
Business

Business

American Express Launches New Graphite™ Business Cash Unlimited Card, Kicking Off the Most Significant Year for Commercial Product Expansion in Company History

2026-03-25 19:15 Last Updated At:03-27 15:26

NEW YORK--(BUSINESS WIRE)--Mar 25, 2026--

American Express (NYSE: AXP) today 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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Amex AI-Powered Expense App

Amex AI-Powered Expense App

Amex Expense Management Software

Amex Expense Management Software

American Express Graphite Business Cash Unlimited Card

American Express Graphite Business Cash Unlimited Card

Amex 2026 Commercial Product Expansion

Amex 2026 Commercial Product Expansion

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260324485642/en/

“Our expertise is unmatched. Regardless of a business’ size or stage of growth, they need trusted partners who deeply understand the complexities of their business. We provide solutions to address their needs that offer rich value and simplify operations so they can focus on running their business and what’s next,” said Raymond Joabar, Group President of Global Commercial Services at American Express. “Amex Business Membership brings together award-winning service, best-in-class card products, intelligent software and next-generation AI tools — a powerful combination that only Amex can offer.”

American Express backs businesses of all sizes. The company is the #1 issuer of small business cards in the U.S. based on spend, 3X larger than the next U.S. small business card issuer 1 and has over 4.3 million U.S. Small Business customers. 2 In addition, the majority of the 100 largest public U.S. Companies are American Express Corporate customers. 3 Customers can use their Card wherever their business takes them: American Express is accepted at over 170 million merchant locations worldwide. 4

Building on the company’s leadership in serving a broad range of businesses, this new suite of products and services will offer businesses simple ways to earn rewards, advanced spend management tools and platforms that can grow with them. Amex is also introducing new benefits and features that help businesses harness the power of AI to make operations easier to manage.

WHAT’S NEW IN 2026

Delivering value for businesses of all sizes

Following the successful refresh of the Business Platinum Card in 2025 that drove record levels of spending, American Express is offering customers more choice in how they earn rewards and confidence that they’re making the most of every dollar spent. The company will introduce two new Card products for business customers, offering simple cash back value:

These new Cards will continue to offer American Express Business and Corporate Card Members access to tools and services that can help them manage their business’ cash flow, such as Virtual Cards and No Preset Spending Limit. High spending American Express Business Card Members with No Preset Spending Limit spend more than 3X on their American Express Cards than they spend on their cards from competitor issuers. 6

Simplifying expense management and operations

As businesses grow, their needs become more complex. American Express provides dedicated expert service and spend management software, in addition to leading Corporate Cards, to help businesses simplify operations without losing oversight and reduce friction for their employees. This year, Amex plans to release:

Benefits and capabilities that harness the power of AI

American Express is a trusted financial partner to business customers and is working to integrate the latest technology into products and services to help them automate processes and operate more efficiently. This will include new AI benefits and capabilities like:

“AI will play a central role in how we deliver better payment and spend management experiences for our business customers, and businesses need financial software that simplifies their financial back office, backed by people who understand their distinct needs,” Joabar noted. “The future of Amex Business Membership will be enabled by cutting-edge technology and powered by our exceptional service and customer relationships.”

1 Source: Nilson Report, Issue #1285 from May 2025 for competitor card data, compared with 2024 U.S. small business Card Member spend.

2 Customers using a small business product.

3 Based on market cap, excluding clients with zero spend in 2025.

4 Locations in force (LIF) estimate as of December 2025, which reflects an estimated 37 million merchants that accept American Express in China (including through digital wallets). LIF represents proprietary and partner acquired merchant locations where the merchant is enabled to accept American Express. LIF estimates incorporate data provided to us by certain third parties and include merchants that accept American Express through payment facilitators and digital wallets.

5 Cash back is received in the form of Reward Dollars that can be redeemed for a statement credit and at Amazon.com checkout. Purchases eligible for multiple cash back rates will only receive the highest eligible cash back rate.

6 Based on analysis of AXP Business Card Members with No Preset Spending Limit and with >$100K in annual spend in 2025. Competitor spend based on benchmarking of external sources

7 With this benefit, Card Members can get up to $300 in statement credits per calendar year on U.S. purchases of ChatGPT Business subscriptions (subject to auto-renewal) on the Business Gold and Business Platinum Card. Enrollment is required.

8 This online survey was conducted by The Morning Consult LLC on behalf of American Express between December 12 - 16, 2025 among 1,144 decision makers at small businesses (i.e., fewer than 500 employees). The interviews were conducted online. Results from the full survey have a margin of error of plus or minus 3 percentage points.

ABOUT AMERICAN EXPRESS

American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services, and experiences that enrich lives and build business success.

Founded in 1850 and headquartered in New York, American Express’ brand is built on trust, security, service, and a rich history of delivering innovation and Membership value for our customers. We seek to provide the world’s best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations, and we build and manage relationships with millions of merchants across our global network.

For more information about American Express, visit americanexpress.com, americanexpress.com/en-us/newsroom/, and ir.americanexpress.com.

Cautionary Note Regarding Forward-Looking Statements

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The forward-looking statements, which include American Express’ plans for launching new and enhanced products, benefits and capabilities, among other matters, contain words such as “expect,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “continue,” and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express’ Annual Report on Form 10-K for the year ended December 31, 2025 and its other reports filed with the SEC. American Express undertakes no obligation to update or revise any forward-looking statements.

Location: U.S.

Amex AI-Powered Expense App

Amex AI-Powered Expense App

Amex Expense Management Software

Amex Expense Management Software

American Express Graphite Business Cash Unlimited Card

American Express Graphite Business Cash Unlimited Card

Amex 2026 Commercial Product Expansion

Amex 2026 Commercial Product Expansion

LONDON (AP) — Efforts to unseat British Prime Minister Keir Starmer from inside his own government broke out into open rebellion Thursday, with one potential rival resigning from the Cabinet and another clearing the way to enter any future leadership contest.

Health Secretary Wes Streeting became the first senior minister to quit Starmer ’s Cabinet on Thursday in what is expected to be a precursor to challenging his leadership.

Starmer is facing growing pressure from his own Labour Party to step down after disastrous results for Labour last week in local and regional elections. The election drubbing cemented doubts among many Labour lawmakers about Starmer’s judgment, vision and leadership ability –- a brutal indictment on a leader who returned the party to power in July 2024 after 14 years in opposition.

“You have shown courage and statesmanship on the world stage — not least in keeping Britain out of the war in Iran," Streeting wrote in an excoriating resignation letter. “But where we need vision, we have a vacuum. Where we need direction, we have drift.”

“It is now clear that you will not lead the Labour Party into the next general election," he added.

Streeting, whose political ambitions have long been known, is considered one of a handful of people who could try to unseat Starmer. Doing so would not automatically spark a national election. Labour was elected for a five-year term, and British political rules allow parties to change leader without going to the country.

Another likely challenger, former Deputy Prime Minister Angela Rayner, said Thursday that she had reached an agreement with tax authorities to clear up questions about her taxes that forced her to leave the Cabinet last September. Rayner told the Guardian newspaper that Starmer should “reflect on” his position, adding that she was ready to “play my part” in any leadership election if Streeting were to trigger a contest.

Pressure for Starmer to step aside has intensified since Labour suffered heavy losses in local and regional elections last week, underscoring voter frustration with a government that has failed to deliver on pledges to boost economic growth and improve living standards for working people.

A stagnant economy and stubbornly high consumer price inflation have made it difficult for Starmer’s government to deliver on its promises after winning a landslide election victory less than two years ago.

Starmer has vowed to remain in office, warning lawmakers that any leadership contest would plunge the government into “chaos” at a time it should be focused on issues like the cost of living crisis and war in the Middle East.

His effort to fight off a leadership challenge was bolstered Thursday morning by a rare bit of positive economic news.

Gross domestic product, a broad measure of economic activity, grew 0.6% in the first three months of the year, compared with 0.2% in the previous quarter, the Office for National Statistics said.

Treasury chief Rachel Reeves said the figures showed that her policies were working and that renewed economic growth would allow the government to put more money into public services and programs to support those hit by the high cost of living.

She said the party shouldn't put hard-won economic stability at risk "by plunging the country in chaos at a time when there is conflict in the world.”

There was also positive news from the National Health Service. Figures showed that waiting lines for NHS appointments — one of Streeting's signature priorities — fell for the fifth straight month, something Streeting is likely to point to if he runs for leader.

Streeting comes from a faction of the left-leaning Labour Party that sees itself as the modernizing wing, as does Starmer. Rayner is a favorite of members who think the party has strayed too far from its working-class roots and those who want the party to do more to boost the minimum wage and raise taxes on the rich.

Under Labour Party rules, any potential challenger to the prime minister would have to have the backing of 81 of the party’s 403 members in the House of Commons. More than that number have publicly called on Starmer to quit in recent days.

Other potential candidates may enter any race for the leadership.

Greater Manchester Mayor Andy Burnham is widely seen as a potential candidate, though he would have to find a way back into Parliament before he could run. Allies have suggested a sitting member of the House of Commons could resign to make way for Burnham to run in a special election.

While the opposition Conservative Party has a history of deposing prime ministers while in office, Labour does not, said Jonathan Tonge, a professor of politics at the University of Liverpool.

“They don’t do ruthless on their leader,’’ he said. “They don’t tend to depose their leader. The Conservatives, they readily do ruthless.’’

While there is a chance that the current efforts to unseat Starmer will fizzle out, that would probably just delay the crisis for a few months given the level of fragmentation in British politics, Tonge added.

If “a civil war opens up within a Labour Party that’s supposed to be governing us at present, it’s an extraordinary state of affairs given it’s less than two years since Keir Starmer won one of Labor’s greatest election victories ever,” Tonge said.

“He’s got a huge parliamentary majority, he’s got more than 400 MPs, and yet his prime ministership may be on the brink of disintegration," he added.

Larry the cat, Chief Mouser to the Cabinet Office walks at 10 Downing Street in London, Thursday, May 14, 2026 as efforts to unseat British Prime Minister Keir Starmer are likely to break out into open rebellion on Thursday.(AP Photo/Thomas Krych)

Larry the cat, Chief Mouser to the Cabinet Office walks at 10 Downing Street in London, Thursday, May 14, 2026 as efforts to unseat British Prime Minister Keir Starmer are likely to break out into open rebellion on Thursday.(AP Photo/Thomas Krych)

British Health Secretary Wes Streeting walks through the House of Commons to attend the State Opening of Parliament at the Palace of Westminster, London, Wednesday, May 13, 2026. (Toby Melville/Pool Photo via AP)

British Health Secretary Wes Streeting walks through the House of Commons to attend the State Opening of Parliament at the Palace of Westminster, London, Wednesday, May 13, 2026. (Toby Melville/Pool Photo via AP)

British Prime Minister Keir Starmer, center, walks through the House of Commons to attend the State Opening of Parliament at the Palace of Westminster, London, Wednesday, May 13, 2026. (Toby Melville/Pool Photo via AP)

British Prime Minister Keir Starmer, center, walks through the House of Commons to attend the State Opening of Parliament at the Palace of Westminster, London, Wednesday, May 13, 2026. (Toby Melville/Pool Photo via AP)

Members of the King's Body Guards of the Honourable Corps of Gentlemen at Arms arrive at the Sovereign's Entrance for the State Opening of Parliament in the House of Lords, in London, Wednesday May 13, 2026. (Aaron Chown/Pool Photo via AP)

Members of the King's Body Guards of the Honourable Corps of Gentlemen at Arms arrive at the Sovereign's Entrance for the State Opening of Parliament in the House of Lords, in London, Wednesday May 13, 2026. (Aaron Chown/Pool Photo via AP)

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