All Entries in the "American Express" Category
Amex and Visa Waive Fees for Haiti Donations Thanks to Huffington Post
The recent tragedy in Haiti has brought to light a real concern to charities and non-profit agencies. People have been flooding charities such as the Red Cross and Wycliffe Jean’s Yule Foundation with donations to help those in need, with a large percentage of those donations being made by credit card.
But donations made by credit [...]
American Express and MBNA Team Up with Mileage Plus
American Express and MBNA have teamed up with Mileage Plus to offer a great deal on a new credit card. You can get 0% on your first three months of purchases and 0% p.a. on balance transfers for your first 12 months (3% handling fee does apply). After the initial freebies a 15.9% APR is [...]
Delta SkyMiles Joins with WorldPerks
Two frequent flier programs will merge sometime late in 2009; Northwest’s WorldPerks and Delta’s SkyMiles. Delta SkyMiles program will carry the banner for the two companies and eventually all points towards the program will be earned via American Express® credit cards.
These changes come about after the acquisition of Northwest by Delta Air Lines this [...]
American Express Shares Up, but Profits Down
While American Express shares recently rose by around 5.5 percent (to about $1.44) to end at $27.50, for the year they are down by close to 50 percent. In their quarterly filing with the Securities and Exchange Commission, American Express indicated that it expects write-offs to continue to rise in the credit card portfolio [...]
American Express Plans to Reduce Costs by Two Billion Dollars
American Express® has a big plan to reduce costs by close to two billion dollars in 2009. They will be cutting 7,000 jobs, deferring management level salary hikes and instituting a hiring freeze for open positions. The statement released by American Express indicated that their plans include “reducing staffing levels and compensation expenses, cutting [...]