For the last 15 years, AmEx has been the only credit card accepted at Costco, a membership-only business with 50 million discount-minded customers. The store otherwise accepts only cash or debit cards. Under the exclusive deal, Costco also heavily marketed headlines for rate hikes — it was rampant before and during the recession — but the CARD Act of 2009 restricted the practice. Still, as American Express has just shown, issuers can increase your APR under a handful of circumstances. If you but at the same also raise revenue when the company is losing one of its biggest business deals. American Express Co. said the fee on its Gold Card will go to $160 a year, from the current $125 a year. The Premier Rewards Gold Card will have an annual fee 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 The regular gold card is going up to $160 from $125. The move on Amex’ part to shore up their core business comes with the firm eliminating 4,000 jobs, or about 6 percent of its work force. Between that, Costco, JetBlue and the court loss, Amex stock The U.S. is moving to a technology standard called EMV that will improve the security of in-store card a new American Express survey show that while 67 percent of small merchants said that fraud prevention is very important to their business, 38 .
American Express waves the white flag of surrender after losing an antitrust lawsuit this week. News broke Thursday that the credit-card company lost an antitrust lawsuit over whether it could stop merchants from asking customers to use other credit cards. 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 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 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. .
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