American Express Co is raising interest rates for a large number of its credit cards following a review that began a year ago, a company spokeswoman said. The company's U.S. consumer credit cards, which have annual rates well below market rates Benefits at American Express. The newly added benefits can help Card Members accumulate points faster, and they can use those points easily for a wide variety of rewards that fit a diverse range of interests. There are a number of flexible and 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 Card® from American Express OPEN). As for loyalty programs: Your purchase will earn you airline frequent Tony Mecia is a business journalist who writes for a number of trade and general-interest publications. He writes "Cashing In," a weekly column about credit card rewards programs, for CreditCards.com It is true that American Express recently announced that American Express' move is unusual for the industry. Credit card rates have been going down, not up. Credit card companies decide what interest rate to charge their customers based a number of factors. Two big factors are the bank's cost of borrowing and Feb 25 (Reuters) - American Express Co is raising interest rates for a large number of its credit cards following a review that began a year ago, a company spokeswoman said. The company's U.S. consumer credit cards, which have annual rates well below .
[Gigaom] American Express Raises Interest Rates on Some Credit Cards American Express increased interest rates permanent information such as a consumer’s name, Social Security number and date of birth. 65% of victims surveyed said they paid more (CNN) – Interest rates on some American Express credit cards will be increasing. The rate hikes will affect "a small percentage" of the company's 55 million cardholders, who will see an average increase of 2.5 percentage points. That number could be well Elizabeth Crosta, American Express Company (NYSE:AXP) spokeswoman, said rate changes are a normal part of business and the recent increase will affect a number of variable-rate products, including some of the proprietary and co-brand credit cards. American Express, bruised by the recent loss of two major The company would not disclose any revenue numbers, but it said the gold cards were the prime engine of growth in its charge-card portfolio, which is at the core of the company's business. .
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