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NEW YORK – American Express is increasing the annual fees on some of its most popular charge cards. The fee on the Gold Card will go to $160 a year, from the current $125 a year. The Premier Rewards Gold Card will now have an annual fee of $195 Effective June 1, 2015, American Express (NYSE: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 NEW YORK--(BUSINESS WIRE)--Effective June 1, 2015, American Express (NYSE: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 which means American Express will have to lower its fees or lose transactions as merchants ask customers to put that purchase on another card. Lower fees will mean fewer rewards for customers. Unless it can get the decision reversed on appeal, the company MARTINSVILLE, N.J., Feb. 24, 2015 (GLOBE NEWSWIRE) -- American Express, the second-largest credit card network in terms of payment volume, has endured a difficult stretch this month, but has a new rewards program that has the ability to change its fortunes. The credit cards that gave consumers things such as reward points, cash back or airline miles, which are the cards American Express offers, were among the most expensive for merchants to process. Consumers never directly pay for these fees, but do so .
American Express Co. said the fee on its Gold Card will go to $160 a year, from the current $125 a year. The Premier Rewards Gold Card will have an annual fee of $195, up from $175. The increases are effective June 1. At the same time, American Express is Interest rates on some American Express credit cards will be increasing AmEx cards are popular for their rewards, and aren't traditionally among the cards with the lowest rates, said Detweiler. "The biggest risk is probably with cardholders who .
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