Tuesday, June 28, 2011

AmEx lets small businesses trade points for Facebook ads

t's one thing to get free airline miles or hotel stays for credit card points, but here's an industry first: free Facebook ads.


Today, American Express and Facebook will roll out a program that allows the credit card giant's Membership Rewards customers to redeem points for ads on the social-media giant's site. The program is primarily targeted at small-business owners via American Express OPEN, but it's also open to millions of other AmEx card holders, says Ed Gilligan, vice chairman at American Express.


"When we ask small-business owners to name their biggest challenge, the answer is always finding new customers," Gilligan says.


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