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American Express Company (NYSE:AXP) is once again increasing annual rates on more than one million credit cards, reported Bloomberg. The company had about 42.6 million of its basic cards in circulation at the end of 2014 and hence the recent announcement to appeal the court ruling and argued that its merchant rules protect card members from anti-consumer practices American Express Company (NYSE:AXP) lost its legal battle against the United States Department of Justice (DOJ) related to its merchant rules. NEW YORK, N.Y. - 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 NEW YORK (AP) — 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 American Express Company (NYSE:AXP) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Tuesday. They currently have a $86.24 price target on the stock. Vetr‘s price target points to a JPMorgan’s Vivek Juneja and team think Citigroup (C) might make a play for Costco’s (COST) card business now that American Express (AXP) is out of the picture: Potential aggressive bidder for Costco deal? We expect Citi to bid aggressively for Costco .
American Express told customers this month that their annual rates will rise an average of 2.5 percentage points to at least 12.99 percent following a review last year, Bloomberg reported, citing people briefed on the move. The company sent letters to its When it comes to tracking flights, travel managers have historically had to resort to manually searching for status updates using a variety of external resources. When a company has many travelers in the air at different times and on varying routes American Express refused to settle, and the issue went to trial last summer. The company argued at trial that merchants could discriminate against AmEx cardholders due to the higher fees and also argued that, as the third-largest payment network But analysts see plenty of avenues for growth. Like the American Express gladiator, the charge-card company’s leaders could use a good helmet these days. AmEx recently announced that its exclusive partnership with Costco Wholesale won’t be renewed when .
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