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AMERICAN EXPRESS INTRODUCES PRIVILEGED RATES CAR RENTAL PROGRAM FOR SMALL AND MID-SIZED COMPANIES

 AMERICAN EXPRESS INTRODUCES PRIVILEGED RATES CAR RENTAL PROGRAM
 FOR SMALL AND MID-SIZED COMPANIES
 NEW YORK, Nov. 9 /PRNewswire/ -- Beginning this month, small and mid-sized companies that use the American Express Corporate Card will save money on car rentals through the new Privileged Rates Car Rental Program.
 The program guarantees Corporate Cardmembers of small and mid-sized companies at least 15 percent off corporate car rental rates at participating Avis, Budget and National car rental agencies throughout the United States. This special rate is also available from Thrifty car rental for small business cardmembers.
 With this program, American Express Corporate Card is expanding its existing Privileged Rates plan that currently offers reduced rates at participating hotels.
 Reservations for the Privileged Rates Car Rental Program can be made through a travel agent or by directly calling the car rental agency's toll-free number:
 Avis Rent a Car System, Inc. 1-800-525-7540
 Budget Rent a Car Corporation 1-800-527-0700
 National Car Rental System, Inc. 1-800-CAR-RENT
 Thrifty Rent-A-Car System, Inc. 1-800-367-2277
 Corporate Cardmembers will be sent an identification number which must be used when making reservations. No enrollment is necessary.
 "Our research indicates that car rental costs account for nearly 10 percent of most companies' travel and entertainment expenses. And with car rental rates expected to increase, the Privileged Rates Car Rental Program will help growing companies save money," said James Firestone, executive vice president of American Express Corporate Card. "This program, along with our Privileged Rates Hotel Plan, gives the benefits of bargaining clout to the companies that need it the most -- small and mid-sized companies."
 Corporate Cardmembers will be notified about the Privileged Rates Car Rental Program through introductory letters to travel managers, monthly statement inserts and newsletters.
 American Express Travel Related Services, Inc. (TRS), provides companies of all sizes with a wide range of expense management, travel and financial services through the Corporate Card. American Express TRS is a wholly-owned subsidiary of the American Express Company (NYSE: AXP).
 -0- 11/9/92
 /CONTACT: Cory Shields of American Express, 212-640-4868/
 (AXP) CO: American Express Travel Related Services, Inc. ST: New York IN: LEI SU: PDT


GK -- NY061 -- 8685 11/09/92 11:50 EST
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Publication:PR Newswire
Date:Nov 9, 1992
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