American Express is increasing annual rates on more than 1 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 reports Using American Express’ Pay With Points option is similar to using an online travel agency – in fact, PWP is powered by Orbitz – and the value of your Membership Rewards points is fixed at 1 cent per point (1.25 cents for the The Business Platinum American Express Company (NYSE:AXP) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $90.00 price target on the stock, up American Express will increase the annual fee on some of its most popular charge cards, the company said Thursday, but the company also increased some of those cards' benefits as well. It's the latest move by American Express to strike a balance between American Express Global Business Travel has launched several new functionalities for its flagship traveler care solution AX CONNECT. This tool, which is already being used by GBT customers (who represented over two million trips last year), lets companies NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE:AXP) plans to host its annual Investor Day on Wednesday, March 25, 2015 at 1:30 p.m. (ET). At the meeting, Kenneth I. Chenault, Chairman and Chief Executive Officer, and senior executives will .
Kenneth Chenault rolled the dice and lost. The longtime chief executive of American Express Co. refused for years to settle an antitrust case with the U.S. government, vowing to fight even as the company’s top rivals cut deals. On Thursday, a U.S 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 average increase American Express refused to settle, and the issue went to trial last summer. The company argued at trial that merchants could discriminate against AmEx cardholders due to the higher fees and also argued that, as the third-largest payment network to appeal the court ruling and argued that its merchant rules protect card members from anti-consumer practices American Express Company (NYSE:AXP) lost its legal battle against the United States Department of Justice (DOJ) related to its merchant rules. .
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