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To answer your question: yes. Just like airline and hotel points
SA1: so you enrolled and then waived the fee. So u get the benefits without paying for it??
I did. It costs 90 bucks and you only get one point per dollar so you have to spend at least 9000 dollars per year on the card to make it worthwhile (I managed to get them to waive this fee). It pools with my regular Amex points and I don't lose the points if I leave the firm as I have other Amex cards. If you only have the corp card and you leave the firm you lose all the points.
That's what happened in my case. I think they waived it accidentally tbh. Otherwise 9000 points (9000 dollars spent on the card) would be necessary to cover the same 90 dollars the following year