Why Credit Card Companies Are Cutting Some Benefits [Forbes]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: Forbes
Bill Hardekopf Contributor i Opinions expressed by Forbes Contributors are their own. Personal Finance I recap the credit card industry. I’m the CEO of LowCards.com. It was once standard for credit card companies to offer perks such as extended warranties, price protection and complimentary car rental insurance to their cardholders. Many of these extras are now disappearing, which is leaving consumers wondering why these benefits are being eliminated. Consumers want to know why certain perks are being cut by their credit card company (Photographer: Daniel Acker/Bloomberg) Lack of Use One of the primary reasons card issuers are cutting perks is that cardholders aren't using them. Chase, Discover and Citi all cited lack of use as a reason to cut features. It costs creditors money to offer benefits, such as a best price guarantee, and if their card members aren't utilizing these se
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News
- American Express First-Quarter Revenue Increased 11% to $15.8 Billion and EPS Increased 39% to $3.33, Reflecting Continued Business Momentum [Yahoo! Finance]Yahoo! Finance
- American Express First-Quarter Revenue Increased 11% to $15.8 Billion and EPS Increased 39% to $3.33, Reflecting Continued Business MomentumBusiness Wire
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AXP
Earnings
- 4/19/24 - Beat
AXP
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form 8-K
- 4/2/24 - Form 4
- AXP's page on the SEC website