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(Reuters) - American Express Co (AXP.N) is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. American Express told customers this month that their annual rates will rise an average of 2.5 One and Discover - which are ranked 4th and 5th in size - have outperformed the three largest card companies Visa, MasterCard, and American Express. But before we get too excited over credit card companies' stellar performances over the past few years American Express is increasing annual rates on more than 1 million credit cards, according to a report form Bloomberg's Elizabeth Dexheimer. The company has sent letters to affected clients, saying they pay less than cardholders with similar credit reports Interest rates on some American Express credit cards will be increasing, according to letters sent out to customers this month. The rate hikes will affect "a small percentage" of the company's 55 million U.S. cardholders, who will see an average increase Taxpayers can now pay their income tax using Visa, MasterCard and American Express credit cards as well as debit cards issued by banking institutions in the country, said Deputy Finance Minister Datuk Ahmad Maslan. He said the new tax payment method can be PWP is powered by Orbitz – and the value of your Membership Rewards points is fixed at 1 cent per point (1.25 cents for the The Business Platinum Card® from American Express OPEN). As for loyalty programs: Your purchase will earn you airline frequent .
“American Express might have to bring their fees down and that could Further, the demise of the Costco deal will affect roughly one in 10 AmEx cards in circulation. AmEx’s contractual arrangements have prohibited merchants from steering customers NEW YORK — American Express increased interest rates on some of its credit card accounts by an average of 2.5 percentage points in recent weeks, a spokeswoman for the company said Wednesday. Spokeswoman Elizabeth Crosta declined to say how many of its American Express Co is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. American Express told customers this month that their annual rates will rise an average of 2.5 percentage points to Effective June 1, 2015, American Express (AXP) is enhancing its Premier Rewards Gold Card, adding more value with 2x Membership Rewards points for purchases at U.S. restaurants, a $100 airline fee credit for incidental charges such as baggage fees, and a .
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