Rewards credit cards can be 'inflation fighters' but only if used correctly, expert warns [FOX Business Network]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: FOX Business Network
Credit card holders can take advantage of cards that offer rewards to earn cash, points or airline miles. But if those cards aren't used correctly, the rewards won't be worth it, one expert cautions. Some cards will even pay you a few hundred dollars just to sign up, which can come in handy especially with credit card debt piling up in part from painfully high inflation . However, unpaid debt can cripple you with high interest charges if you don't pay off the balances on time. According to a recent report from the Federal Reserve Bank of New York's Center for Microeconomic Data, credit card balances have already increased 26% since the first quarter and total credit card debt has already surpassed the $1 trillion mark. WHY YOU SHOULD NOT PUT CHARGES ON YOUR CREDIT CARD AMID TODAY'S HIGH INFLATION "The second quarter of 2022 showed robust increases in mortgage, auto loan, and credit card balances, driven in part by rising prices ," Joelle Scally, administrator of the Center fo
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News
- Why American Express (AXP) Might Surprise This Earnings Season [Yahoo! Finance]Yahoo! Finance
- American Express poised for strong earnings growth in Q1 [Seeking Alpha]Seeking Alpha
- American Express Stock Is Up 17% YTD, What To Expect From Q1? [Forbes]Forbes
- United jumps on earnings, stocks look to snap losing streak: Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Markets Mixed as Q1 Earnings, Powell Control News Headlines [Yahoo! Finance]Yahoo! Finance
AXP
Earnings
- 1/26/24 - Miss
AXP
Sec Filings
- 4/15/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- AXP's page on the SEC website