Latest news with #AmericanExpress
Globe and Mail
12 hours ago
- Business
- Globe and Mail
American Express Declares Dividend on Series D Preferred Stock
The Board of Directors of American Express Company (NYSE: AXP) declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $9,072.22 per share (which is equivalent to $9.07222 per related Depositary Share). The dividend is payable on September 15, 2025, to shareholders of record on September 1, 2025. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With over a hundred million merchant locations across our global network, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and
Yahoo
16 hours ago
- Business
- Yahoo
Announcing the new Rakuten American Express Card: No annual fee and 4% cash back on Rakuten purchases
Rakuten, one of the most popular cash-back shopping platforms, has just announced the Rakuten American Express® Card, a cash-back credit card with no annual fee and an enticing rewards rate: 10% cash back on Rakuten Dining (this includes the 5% you receive as a Rakuten member) 4% cash back on Rakuten purchases on up to $7,000 each calendar year (this is on top of any other cash back you may receive by shopping through the Rakuten platform) 2% cash back on groceries and other restaurants 1% cash back on all other eligible purchases Is the Rakuten American Express Card any good? The Rakuten Amex Card has just barely been announced, so there are still some fine details to learn about and consider, such as how your cash-back rewards can be redeemed. However, at a glance, it seems like a decent credit card for Rakuten members (free to join). Let's break down some of the benefits that we know about, as well as some potential perks. Annual fee The Rakuten Amex credit card has no annual fee, making it an affordable option for people who regularly use rate The Rakuten Amex Card offers: 10% cash back on Rakuten Dining (this includes the 5% you receive as a Rakuten member) 4% cash back on Rakuten purchases on up to $7,000 each calendar year (this is on top of any other cash back you may receive by shopping through the Rakuten platform) 2% cash back on groceries and other restaurants 1% cash back on all other eligible purchases For most people, the most significant part of this rewards rate will be earning an additional 4% back on Rakuten purchases, up to the $7,000 calendar year spending limit. If you already use Rakuten, that's an extra 4% cash back ($280) you could be earning each year on your eligible purchases. Even better, that's all on top of what you may already earn through the platform itself. For example, if a retailer is offering 15% cash back through Rakuten, you could earn that 15% plus another 4% from this credit card, for a whopping 19% cash back. Credit card network The Rakuten Amex Card will run on the American Express credit card network, providing cardholders with access to Amex Offers, Amex Experiences, and some retail protections, such as purchase protection and extended warranty coverage. While these benefits aren't groundbreaking, they can certainly be useful. Redemption options It's not entirely certain yet how cardholders can redeem their cash-back rewards, but we can speculate. Rakuten currently offers these cash-back redemption options to its members: Check PayPal Gift cards American Express Membership Rewards The Amex Membership Rewards redemption option on Rakuten has long been a bit of a secret or an appealing way to earn Amex points without necessarily using American Express credit cards. If this is a redemption option for cash back earned with the Rakuten Amex Card, it would serve to make the card all the more attractive for many people. Rakuten American Express Card alternatives If the Rakuten Amex Card doesn't make sense to you, consider these cash-back card alternatives. What is Rakuten? Founded in 1999, Rakuten is a primarily online cash-back shopping platform. You can use Rakuten to earn cash back from your online and certain in-store shopping purchases. You don't need to change much about your shopping experience, just use the Rakuten platform to start your online shopping trip or link your credit cards for an in-store trip, and then earn cash back on eligible purchases. Rakuten is free to join. The company makes money by bringing customers to different retailers, so it's not like you're paying more to use Rakuten; it's the retailers who are footing the bill. Having personally used Rakuten for many years, I find it's an easy and convenient way to get a slight discount on many of my online purchases. In some cases, it's an excellent way to earn loads of cash back or American Express Membership Rewards points. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
CNBC
16 hours ago
- Business
- CNBC
Amex Gold vs. Blue Cash Preferred: One's better for travel, dining out while the other offers cash back
Both the American Express® Gold Card and the Blue Cash Preferred® Card from American Express are top Amex cards, but with different strengths. The Amex Gold excels at bringing you travel and dining value, while the lower-annual-fee Blue Cash Preferred (see rates and fees) offers cash back that you can use to pay your monthly bill. Below, we compare the two cards' fees, welcome bonuses, rewards, redemption options and benefits so you can know which is best for your wallet — or perhaps there's room for both. On the American Express site On the American Express site The Amex Gold Card offers over $400 in statement credits every year. Good to Excellent670–850 See Pay Over Time APR $325 You may be eligible for as high as 100,000 Membership Rewards® Points See rates and fees, terms apply. Read our American Express® Gold Card review. The American Express Gold Card is great for earning valuable Membership Rewards® points at restaurants worldwide and U.S. On the American Express site On the American Express site Good to Excellent670–850 20.24%-29.24% Variable $0 intro annual fee for the first year, then $95. Earn a $250 statement credit See rates and fees, terms apply. Read our Blue Cash Preferred® Card from American Express review. The Blue Cash Preferred® Card from American Express is a low-fee card with generous cash-back rewards and useful ongoing benefits, such as a monthly Disney Bundle credit. (Enrollment required for select benefits mentioned)Either $5 or 3% of the amount of each transfer, whichever is greater. 2.7% of each transaction after conversion to US dollars Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent Saint offers three packages for credit repair services and a 90-day money-back guarantee for services. It has received an A rating and is accredited by the Better Business Credit People's Credit Report Repair service is relatively affordable compared to other programs in the space. Even the most basic package (the standard package) includes unlimited challenges to all three credit bureaus. Upgrading to the premium package includes escalated disputes and monthly credit score reports and score refreshes. The Amex Gold charges a $325 annual fee (see rates and fees). The Blue Cash Preferred offers a $0 annual fee for the first year, then $95 each year after (see rates and fees). While the Gold Card carries a higher annual fee, it also comes with over $500 in annual value to offset it. If you don't want to worry about a high annual fee, regardless, though, the Blue Cash Preferred's $95 (see rates and fees) is easier to swallow — plus, you're off the hook the first year. With the Amex Gold, you could receive up to 100,000 Membership Rewards® points after spending $6,000 in eligible purchases on your card in the first six months. You'll find out just how many points you're eligible for after being approved for (and before accepting) the Amex Gold. The Blue Cash Preferred offers new cardholders a $250 statement credit after spending $3,000 on eligible purchases within the first six months. While you won't know exactly how many points you can earn as a welcome bonus until after you apply and get approved for the Amex Gold, a maximum amount of 100,000 points can certainly go a long way. With Membership Rewards points valued at approximately 2 cents each, the welcome bonus is worth around $2,000 in value. The Blue Cash Preferred's spending threshold ($3,000) is half the Amex Gold's ($6,000) in the same amount of time (first six months), but $250 is much lower than what you could likely earn with the Gold. If you'd naturally spend $6,000 within six months anyways, without spending above your means, then the Gold's welcome offer is excellent value. One of the biggest differences between the Amex Gold and Blue Cash Preferred is the type of rewards they earn. The Amex Gold earns points in the form of Membership Rewards, while the Blue Cash Preferred earns cash back in the form of Reward Dollars. Membership Rewards points can be more lucrative as you have the option to transfer them to one of Amex's 20 travel partners; Reward Dollars can only be redeemed for statement credits (that go toward paying off your credit card bill) or on Amazon purchases. The one rewards category the cards share is at U.S. supermarkets, with the Blue Cash Preferred earning 6% back, but only to a max of $6,000 per year, compared to the Amex Gold earning 4X on the first $25,000 each year. The Amex Gold is going to be a better option for those who like going to restaurants, as it earns 4X points at restaurants worldwide on the first $50,000 annually. The Blue Cash Preferred rewards cardholders in everyday categories they likely spend in often, such as supermarkets, gas, transit and streaming subscriptions. But for those who travel or dine out frequently, there's no doubt the Amex Gold is a better fit, as it lets you earn points on flights, hotels and restaurants. It's also hard to beat being able to redeem rewards multiple ways versus just simply as a statement credit or on Amazon — more on that below. The Amex Gold's Membership Rewards points are very flexible in their redemption options. While they can be redeemed for gift cards, statement credits or even while shopping with participating brands, you're almost always going to get the most value transferring them to one of Amex's travel partners. The Blue Cash Preferred's Reward Dollars are more restrictive and can only be used for statement credits and when shopping at For those who prefer a simpler credit card rewards program, this card is a great option. The Amex Gold comes with a long list of benefits focused on restaurants and travel. The Blue Cash Preferred offers only a handful of perks, which is to be expected with a significantly lower annual fee. Choosing the Amex Gold means having access to over $500 in value each year from the following perks: Since the Blue Cash Preferred has a much lower annual fee, it's typical that it'd come with fewer credits:If you travel and dine out often, the Amex Gold lets you maximize that spending and the card's benefits that you'll likely take advantage of will offset the $325 annual fee. Plus, you'll earn at supermarkets. If you prefer less of a premium credit card and more of an everyday one that gives you cash back on things like gas, groceries and streaming, the Blue Cash Preferred with its low $95 annual fee ($0 the first year) is a winner. You don't have to worry about figuring out how to best redeem your cash back and can simply just apply it to paying off your monthly bill. The Amex Gold typically requires having good to excellent credit, or a score ranging from 670 to 850. No, you can't upgrade the Blue Cash Preferred to the Amex Gold as they aren't in the same family of cards. You can apply for each card separately and own both should you be approved. The Amex Gold has no preset spending limit; instead, the amount you can spend adapts based on factors such as your purchase, payment and credit history. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card comparison is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
CNBC
18 hours ago
- Business
- CNBC
How's the consumer doing? Capital One will soon give the Street a fresh look
Club holding Capital One will unveil its second-quarter earnings report after the bell Tuesday, offering Wall Street a crucial look into the financial pulse of the U.S. consumer. Capital One's financials don't just give investors an understanding of the company's performance. As one of America's largest credit card issuers — with a more diverse client base than affluent-focused American Express — Capital One's release is also a barometer for assessing the impact of ongoing economic uncertainty on its customers' spending habits. Insights like these are especially important as the market continues to speculate over President Donald Trump's tariffs, the Federal Reserve's next monetary policy decision, persistent conflict overseas and the start of another quarterly earnings season. But a mixed bag of recent economic data has only complicated things further. On one hand, inflation picked up in June as tariffs begin to slowly work their way through the economy. Despite the Fed's best efforts, the rise in both headline and core CPI showed investors last week that inflation still isn't fully under control. Meanwhile, the labor market has proved to be more resilient as U.S. payrolls increased more than expected last month. There's also been a five-week decline in initial jobless claims, suggesting that layoffs aren't happening at a concerning pace. At the same time, continuing claims do remain elevated. That could indicate those who do lose their jobs are having difficulties landing new roles. The stock market has taken the murky backdrop in stride, though. The S & P 500 and tech-heavy Nasdaq Composite both registered record closes Monday. The S & P 500 was basically flat Tuesday, while the Nasdaq was slightly lower. Capital One's upcoming release, however, should give investors a chance to cut through all the noise. Here are four ways the second-quarter results can provide a snapshot of U.S. consumer health. COF YTD mountain Capital One (COF) year-to-date performance Late payments Each quarter, management shares delinquency rates for its credit card and consumer banking businesses. Capital One reports its 30-day delinquency rates – known as the percentage of total outstanding credit card balances that are at least 30 days past due. If this rate rises, it can be a sign of financial stress for the U.S. consumer. CEO Richard Fairbank said so himself during an April conference call. He described delinquencies as "the best leading indicator" for a customers' financial health. "Our delinquencies were stable on a seasonally adjusted basis throughout most of 2024," Fairbank said. "And ... they improved relative to our seasonal expectation over the last six months." In the first quarter of 2025, Capital One's 30-day delinquency rate for its credit card division came in at 4.27%, down from 4.54% the quarter prior. Delinquency rates are important for Capital One shareholders like us, too. That's because the credit card business is the company's biggest money maker – making up roughly 70% of its overall revenues last quarter – from interest-based income and various fees on their offerings. Some on Wall Street seem optimistic about Capital One's credit quality. Ahead of quarterly earnings, TD Cowen upgraded the financial stock to a buy rating from hold. "Delinquencies have continued to demonstrate stability, and card losses have been outperforming expectations," the analysts wrote in a July 8 research note. TD Cowen also praised Capital One's recently completed $35 billion acquisition of Discover — a key reason we first initiated a position in the stock. Potential losses Additionally, if Capital One is worried that more customers are going to struggle paying back their loans in the future, they will park more money away to cover those potential losses. The amount the company sets aside is called its credit loss provision, and they report the number reach quarter. If management raises these, it could serve as an early warning that consumers can't pay back their debts. Provision for credit losses came in lower than analysts expected at $2.3 billion last quarter, down from roughly $2.7 billion in the quarter prior. Car market Third, there's auto loan originations. If auto lending increases, it can suggest consumers feel confident enough in the economy to make larger purchases. This barometer for consumer health, however, has been complicated with tariffs. Some may have felt rushed to buy vehicles as the deadline for larger levies on top U.S. trading partners have loomed. In the case of Capital One, the company reported a 22% year over-year-increase in auto loan originations last quarter. Auto lending is a relatively small business for Capital One, though. It's one of several reported within Capital One's consumer banking division, which makes up roughly 20% of the company's overall revenues. Executive color Finally, it's more than just the raw numbers on press releases and financial supplements. Management's commentary during the conference call can also provide more insight into consumer behavior. CEO Fairbank, for example, talked about Capital One's revolve rates last quarter. That's the percentage of a customer's credit balance not paid off in full each month. The executive reassured investors when he said this rate has "stabilized over the past year" and remains "below pre-pandemic levels for our major products and segments." While higher revolve rates can benefit Capital One because it means more interest-based revenues, it can also mean customers are relying more on credit due to economic pressures like stagnant wages or inflation. Fairbank, a widely respect financial industry veteran, may also just share his thoughts on consumer health outright. He said the U.S. consumer "remains a source of strength in the economy" during the company's last earnings call. Although he acknowledges that "some pockets [of them] are feeling the pressure," on the whole he described U.S. customers as being in "good shape." In June, the executive struck a positive tone again. "Despite all the noise out there and the tariff news and everything, even when we look at the very latest daily data on things like spending data or anything related to consumer behavior, we just don't see an effect," Fairbank said during Morgan Stanley's U.S. financials conference on June 10. He added, "It's as if our consumers aren't really reading the same newspaper that we are. So, I'm cautiously optimistic about what I see." Let's just hope this trend continues into the rest of 2025. (Jim Cramer's Charitable Trust is long COF. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Travel Weekly
2 days ago
- Business
- Travel Weekly
American Express: 'Softer' airline, lodging Q2 spend by corporate customers
Travel and entertainment spending by American Express commercial customers slowed its growth rate in the second quarter, although total spending in the segment maintained a constant pace of growth, the company reported. T&E spending by Amex commercial customers increased 1% in Q2, compared with a 2% increase in the first quarter. Commercial customer spending on goods and services was up 3% in the quarter, and total spending was up 2% -- the same rate as the first quarter, although that quarter also was skewed by about a percentage point due to the extra day in the 2024 leap year. In its earnings call, American Express CFO Christophe Le Caillec said the slower T&E growth was "driven by softer airline and lodging spend, while restaurant spending continued to be very strong, up 8%." Spending by U.S. large and global corporate clients, inclusive of T&E and goods and services, increased 4% year in the second quarter. Spending by small and midsized clients increased 2%, Amex reported. Total spending, inclusive of T&E and goods and services, by Amex business clients outside of the U.S. increased 12% in the second quarter. Total international T&E spending, which includes both consumer and commercial clients, was up 8%. This report originally appeared in Business Travel News, a sister publication to Travel Weekly. American Express reported total revenue of $17.9 billion in the second quarter, up 9%. Net income for the quarter was $2.9 billion, down slightly from $3 billion in Q2 2024. American Express' consolidated expenses increased 14%.
