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JPMorgan Chase is cutting the annual fee of its top-tier card while American Express is raising the fee of its own premium card. Both banks hope to win consumers' travel dollars by finding the sweet spot between cost and rewards.
July 8 -
Walmart has hired a veteran of American Express to run Walmart+, the membership program it unveiled less than a year ago to counter Amazon.com’s Prime plan.
July 6 -
The fee for the Platinum account increased 25% to $695, making it the most expensive luxury travel card.
July 1 -
American Express is planning to allow employees to work from home for at least part of the week on a permanent basis as the finance industry continues to unveil plans to bring staff back to the office.
June 15 -
The card network is connecting its Enhanced Authorization system with products from Accertify, Microsoft and Riskified, providing Amex with more data at the time of the transaction.
June 2 -
American Express has created a path for PayPal to immediately accept digital versions of consumer credit cards as soon as the cards are approved.
May 17 -
Cardholders can now opt for installment loans at the point of sale on Amex's travel platform.
May 13 -
American Express is trying to differentiate itself from other card networks by making loans through its bank and incorporating accounts payable services and lending technology it inherited with its acquisitions of Acompay and Kabbage.
May 10 -
American Express is trying to differentiate itself from other card networks by making loans through its bank and incorporating accounts payable services and lending technology it inherited with its acquisitions of Acompay and Kabbage.
May 10 -
American Express Global Business Travel, a joint venture partially owned by the credit card giant, is planning to acquire Egencia, Expedia's corporate-travel arm.
May 4