American Express has sent out an e-mail to some existing business cardholders informing them they will be enrolled in paperless statements and will no longer receive a paper statement. American Express states in the e-mail that this was done because they have noticed “your business has been getting a lot of use out of your online account lately”. Users that receive this e-mail will still receive paper billing statements with closing dates in February 2021, March 2021 & April 2021.
This is obviously a cost cutting exercise and I can imagine some business cardholders will be unhappy with this change as they often like to keep both physical and electronic records.
Hat tip to Help Me Build Credit