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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 (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 Interestingly, today's two credit card companies Capital 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 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 NEW YORK — American Express will increase the annual fee on some of its most popular charge cards, the company said Thursday, but the company also increased some of those cards' benefits as well. It's the latest move by American Express to strike a American Express (Amex) Middle East, a leading credit cards provider for the region, has launched the new American Express Platinum Credit Card - a Dirham denominated credit card, offering UAE travellers market leading rewards. The American Express .
(Reuters) - American Express Co (AXP.N) is raising interest rates for a large number of its credit cards following a review that began a year ago, a company spokeswoman said. The company's U.S. consumer credit cards, which have annual rates well below .
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