American Express

Citi charges US$595 for ‘Strata Elite’ credit card to rival Amex, Chase

In addition to American Express and JPMorgan, Citigroup will be competing with other banks trying to break into the premium space, including Capital One Financial

Access to Amex’s global lounges is one of the benefits linked to the Platinum card.

American Express plans ‘largest investment ever’ in platinum credit card

The New York-based company has faced intensifying competition for premium credit card customers

The credit card giant’s profit was US$2.58 billion, or US$3.64 per share, for the three months ended March 31, compared with US$2.44 billion, or US$3.33 per share, a year earlier.

AmEx profit rises on resilient card spending

Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier

The Platinum Card by American Express ensures seamless transitions between business and leisure.
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From 2018 to 2021, Amex misled customers in sales pitches about the tax benefits of wire transfer products known as Payroll Rewards and Premium Wire.

American Express to pay US$230 million to settle US charges over deceptive sales practices

AMERICAN Express said on Thursday (Jan 16) it will pay about US$230 million to settle US criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products to...

The credit card giant has been relatively insulated from economic shocks as it caters to affluent customers, but some analysts see limited room for its market value to grow further given that the stock is already trading at a record high.

AmEx profit beats estimate on robust customer spending

Profit rose 2% to US$2.51 billion for the three months ended Sept 30

AmEx’s profit was US$3.02 billion, or US$4.15 per share, for the three months ended Jun 30, 39 per cent higher than a year earlier.

AmEx’s quarterly profit beats estimates on robust spending

CREDIT card giant American Express raised its full-year profit forecast on Friday (Jul 19), as its wealthy customers persisted in splurging on travel, dining and entertainment.

The court found that American Express Australia distributed two credit cards primarily to customers in stores of luxury brand David Jones between late May and early July in 2022 without appropriately determining the target market.

Australian court fines AmEx A$8 million over breach of credit card rules

THE Federal Court of Australia fined a local unit of American Express (AmEx) A$8 million (S$7.2 million) for breaching design and distribution rules for two of its co-branded credit cards, the Austral...

The deal underscores AmEx’s push to build its prowess in the travel and entertainment market, which is one of the biggest spending categories on its cards.

American Express to buy restaurant booking platform Tock for US$400 million

AMERICAN Express is buying Squarespace-owned restaurant booking platform Tock for US$400 million to expand its foothold in the dining industry, one of the biggest spending categories on its cards.

eBay has lost significant market share to other e-commerce giants in recent years.

eBay to stop taking American Express cards after fee dispute

Online marketplace calls Amex fees ‘unacceptably high’