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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 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 (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 [Gigaom] American Express Raises Interest Rates on Some Credit Cards American Express increased interest rates on some of its credit card accounts by an average of 2.5 percentage points in recent weeks, the company said. American Express had been charging 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 It's been a while since credit card issuers were in the headlines for rate hikes — it was rampant before and during the recession — but the CARD Act of 2009 restricted the practice. Still, as American Express has just shown, issuers can increase your .
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 .
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