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NEW YORK — Costco Wholesale Corp., acknowledging its split with American Express Co., said Friday that it is close to reaching a deal with a new credit card company for exclusive rights to serve the giant retailer's customers. Costco should be in a A judge on Thursday, Feb. 19, 2015 ruled that American Express violated U.S. antitrust laws by barring merchants from asking customers to prefer one credit card over another. (Photo: Wilfredo Lee, AP) NEW YORK (AP) — American Express violated U.S (Reuters) - American Express Co (AXP.N) is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. American Express told customers this month that their annual rates will rise an average of 2.5 But consumers don’t stand to benefit because the card may be linked to one particular airline and clients stand to lose if they travel by other airlines. To make it convenient, American Express has launched a platinum credit card where the consumer can American Express is raising interest rates for more than a million of its credit-card customers, with an average increase of 2.5 percentage points, Bloomberg News reported on Wednesday (Feb. 25). The rate hike, which is the first general increase by AmEx 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 .
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 NEW YORK — 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 American Express Co is raising interest rates for over 1 million cardholders for the first time in more than five years, Bloomberg reported. American Express told customers this month that their annual rates will rise an average of 2.5 percentage points to .
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