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Spokeswoman Elizabeth Crosta declined to say how many of its roughly 42 million cards would be affected. But she said Wednesday that it was a “small percentage” of its customers. American Express had been charging a lower interest rate, as much as 3.25 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 The company is big in small business. It promotes the annual Small Business from it splitting with Costco Wholesale Corp. For 16 years, American Express had the only credit card accept by Costco, which is another business magnet. Patrick O'Grady 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 "As a normal part of business, we looked at our portfolio," said Crosta. 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 .
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