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Thomson ReutersAmerican Express and American Express corporate cards are pictured in Encinitas (Reuters) - American Express Co is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. 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 If you're pulling out your personal American Express card to pay for business expenses, you may want to reconsider. Bloomberg reported this morning that rates are jumping to 12.99 for many cardholders because American Express found out it was charging too including some of its proprietary and co-brand credit cards, Bloomberg quoted an American Express spokeswoman as saying. American Express could not be reached for a comment outside regular business hours. Earlier this month, American Express said its Today, American Express Middle East employs more than 500 staff in the region, covering its consumer card, corporate payments and merchant businesses across all the Middle East and North Africa region. Before MagnifyMoney, Nick spent nearly 15 years in banking. Most recently, he ran the largest credit card business in the UK (Barclaycard). He also spent 6 years in Risk Management with Citibank, working in New York, London and Moscow. A graduate of .
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 but at the same also raise revenue when the company is losing one of its biggest business deals. 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 including some of its proprietary and co-brand credit cards, Bloomberg quoted an American Express spokeswoman as saying. American Express could not be reached for a comment outside regular business hours. PWP is powered by Orbitz – and the value of your Membership Rewards points is fixed at 1 cent per point (1.25 cents for the The Business Platinum Card® from American Express OPEN). As for loyalty programs: Your purchase will earn you airline frequent .
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