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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 NEW YORK (AP) — American Express is increasing the interest rate on some of its credit card accounts by an average of 2.5 percentage points. A spokeswoman for the company declined to say how many of its roughly 42 million cards would be affected. NEW YORK – American Express is increasing the interest rate on some of its credit card accounts by an average of 2.5 percentage points. A spokeswoman for the company declined to say how many of its roughly 42 million cards would be affected. But she said American Express Co., the lender that lost one of its biggest retailer partnerships and suffered a defeat in an antitrust lawsuit this month, is raising interest rates on a swath of credit cards for the first time in more than five years. AmEx told more .
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