Credit cards are hiking rates but cutting fees [CBS News]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: CBS News
Credit cards are hiking rates, but cutting fees Although credit card interest rates are rising, not all the news about plastic is bad. That's because some credit card fees are disappearing -- particularly foreign transaction fees. In 2015, 77 out of 100 cards charged these fees, 3 percent to 5 percent nicks that hit your account each time you use a card to buy something outside of the U.S. But just 52 cards still charge these fees today, said Ted Rossman, analyst with CreditCards.com, which conducts annual credit card fee research . "Credit card companies are competing for affluent travelers," said Rossman. "Not only are issuers eliminating these fees, more of the new cards coming out don't have them." However, credit card interest rates have risen sharply over the past year, jumping to 17.01 percent on average from 16.15 percent a year ago and from 15.2 percent in 2016. Still, consumers who play their cards right don't need to pay a cent to use plastic in this environment, Rossman sa
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News
- Global Mobile Banking Market Analysis Report 2024-2031, Featuring JPMorgan Chase, Wells Fargo, BNP Paribas, American Express, HSBC, UBS, Capital One Financial, The Bank of America and Citigroup [Yahoo! Finance]Yahoo! Finance
- American Express (NYSE: AXP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Virtual Cards Market Projected to Reach $89.93 billion by 2030 - Exclusive Report by 360iResearch [Yahoo! Finance]Yahoo! Finance
- American Express (NYSE: AXP) had its price target raised by analysts at TD Cowen from $221.00 to $225.00. They now have a "hold" rating on the stock.MarketBeat
- American Express (NYSE: AXP) had its price target raised by analysts at Royal Bank of Canada from $250.00 to $253.00. They now have an "outperform" rating on the stock.MarketBeat
AXP
Earnings
- 4/19/24 - Beat
AXP
Sec Filings
- 4/23/24 - Form 424B2
- 4/23/24 - Form 424B2
- 4/23/24 - Form 144
- AXP's page on the SEC website