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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 had been charging a lower interest rate Also credit card delinquencies have remained stable or have fallen. A report from credit agency TransUnion showed U.S. credit card delinquency rates were 1.47 percent in the fourth quarter American Express, Discover, MasterCard and Visa generated $4.442 trillion in purchase volume in 2014. This Nilson Report charts 2014 results for the major U.S. general purpose credit/debit cards.  On Thursday, a report from Bloomberg News said that American Express violated antitrust laws by barring businesses from asking customers to use lower-cost credit cards. Following this report, shares of the credit card company were down about 1.8%. NEW YORK (TheStreet) -- American Express Co. (AXP - Get Report) stock is up 1.13% to $83.10 in early Deutsche Bank lowered its growth expectations for the credit card company. "We believe the company will be able to restore its earnings power sooner If you’ve got an American Express card, you may see an uptick on your bill pretty soon. The credit card company is raising rates on more than 1 million cards, Bloomberg reports. Annual rates for some customers will climb by an average of 2.5 percentage .
American Express had been charging a lower interest rate Also credit card delinquencies have remained stable or have fallen. A report from credit agency TransUnion showed U.S. credit card delinquency rates were 1.47 per cent in the fourth quarter American Express has sent letters to affected customers, noting that they pay less than cardholders with “similar” credit reports at other companies. The AmEx cardholders will now be required to pay a minimum of 12.99% in annual rates, suggesting an Average rates on new card offers fell Wednesday for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report. The national to spokeswoman Elizabeth Crosta, American Express recently notified "a small Still, as American Express has just shown, issuers can increase your APR Know Your Score Before You ApplyGet your FREE Credit Score and see what the banks will see before you apply. Learn ways to improve it with your personalized Action Plan. .
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An American Express spending tracker from March 2013 shows that nearly
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