Interest rates on some American Express credit cards will be increasing she said. The changes will not apply to current balances -- just new purchases or transfers on the card. Cardholders will have two full billing cycles before the updated rates [Gigaom] American Express Raises Interest Rates on Some Credit Cards American Express increased interest rates on some of its credit card accounts by an average of 2.5 percentage points in recent weeks, the company said. American Express had been charging Interest rates on some American Express credit cards will be increasing found that Amex aprs were significantly lower than market rates. The changes will not apply to current balances just new purchases or transfers on the card. Cardholders will The planned increases will affect a variety of variable-rate products, 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 .
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