NEW YORK—A coronavirus-spurred slowdown in travel and restaurant spending has credit card issuers reworking their offerings.
American Express told its Platinum cardholders, who have complained they won’t be able to use their monthly Uber credits for rides, that they can instead use them on Uber’s food-delivery service, reported Bloomberg.
Brex Inc., the corporate credit card company focused on startups, is allowing customers to shift rewards toward food delivery and remote collaboration tools and away from ride-sharing, travel and restaurants.
Since March 16, spending in travel categories is down as much as 63%, while remote collaboration and delivery spending are up 63%, noted Bloomberg.