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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 roughly 42 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 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 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. 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 American Express Co., the lender that lost one The industry’s average rate on variable credit cards was 15.76% last week, according to data from Bankrate.com. AmEx, whose business was built on charge cards that didn’t allow consumers to carry .
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