American Express Credit


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(Reuters) - American Express Co (>> American Express Company) is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. (Reuters) - American Express Co (>> American Express Company) is raising 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 “American Express might have to bring their fees down and that could when it ran into trouble after an ill-timed expansion into credit-card lending, and has long been one of the top-paid executives on Wall Street. His compensation totaled $24.4 NEW YORK — 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 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 American Express is increasing annual rates on more than one 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 .

American Express Company (NYSE:AXP) violated U.S. antitrust law by preventing merchants from encouraging customers to use other forms of payment, including lower-cost credit cards, a federal judge ruled Thursday. The ruling is the second major setback American Express Co., the lender that lost one of its biggest retailer partnerships and suffered a defeat in an antitrust lawsuit this month, is raising interest rates on a swath of credit cards for the first time in more than five years. AmEx told more (CNN) Interest rates on some american express credit cards will be increasing. The rate hikes will affect a small percentage of the company's 55 million U.S. cardholders, who will see an average increase of 2.5 percentage points. That number could be well .





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