Latest news with #BusinessPlatinumCard
Yahoo
18-07-2025
- Business
- Yahoo
American Express Increases Value Available to Business Platinum Card Members to More Than $2,000 – More to Come Later This Year
NEW YORK, July 16, 2025--(BUSINESS WIRE)--American Express (NYSE: AXP) announced that Business Platinum Card® Members in the U.S. have the opportunity to unlock over $2,000 in value in statement credits, including updated credits with Dell Technologies and Adobe that launched July 1, with more new benefits to come later this year. The changes come in advance of major updates to the company's U.S. Consumer and Business Platinum Cards, which will mark American Express' largest investment ever in a Card refresh. "American Express was a pioneer of the premium card experience and is excited to bring updates to the Business Platinum Card later this year. Every dollar a business spends should work harder — toward growth, efficiency, and opportunity," said Raymond Joabar, Group President, Global Commercial Services. "The Business Platinum Card is already a strategic asset that helps Card Members manage their business. It offers features from Virtual and Employee Cards to exceptional airport lounge experiences when traveling for business, and there is much more to come." Expanded Value from Key Partners The newly announced updates for Business Platinum Card Members consist of statement credits for Dell Technologies and Adobe purchases‡, adding to the Card's existing benefits like a wireless credit and valuable benefits with partners Hilton and Indeed‡. These benefits support critical business functions to help business owners operate more efficiently and effectively. Travel Benefits Designed for Business Leaders With travel playing a key role in many business strategies, the Business Platinum Card offers rich benefits for those on the move. With more airport lounge options than any other credit card issuer1, the American Express Global Lounge Collection® is available to Business Platinum Card Members. This includes access to more than 1,550 lounges worldwide – including The Centurion® Lounge network, with new locations expected to open at Haneda Airport (HND) in Tokyo and Salt Lake City International Airport (SLC) in Salt Lake City in 2025, and Newark Liberty International Airport (EWR) in New Jersey in 2026. Additional travel benefits‡ include 10 annual visits to a Delta Sky Club when flying on qualifying flights, Airline Fee Credit, a CLEAR® Plus Credit, and a fee credit for Global Entry or TSA PreCheck®. Business Platinum Card Members have exclusive benefits at over 2,600 Fine Hotels + Resorts® and The Hotel Collection properties globally. Card Members are also guaranteed 4:00 p.m. late checkout, daily breakfast, room upgrades when available, and on-property credits at 1,600 Fine Hotels + Resorts locations‡. Card Options to Support Employees Card Members can also request an Employee Business Platinum Card for an additional $350 annually per Card, which comes with access to The Centurion Lounge, 10 annual visits to a Delta Sky Club when flying on qualifying flights, and status with Marriott Bonvoy® Gold Elite Status and Hilton Honors Gold Status‡. There is also an Employee Business Expense Card option with no annual fee‡ with limited benefits. Flexible Card Features for Cash Flow Management The Business Platinum Card offers several features to help Card Members' companies grow, including Virtual Cards which add an extra layer of security and control, making it easier to manage vendor-specific or one-time purchases. The Card also comes with Pay Over Time‡, giving Card Members the option to either carry a balance with interest on eligible charges or pay the balance in full each month. Award-Winning Service for Card Members American Express offers award-winning global service, including for dispute handling, emergency assistance and fraud protection. The team can also help Card Members with providing custom itineraries and tailored recommendations, booking hotels, flights and other travel experiences so Card Members can stay focused on running their businesses. Please visit American Express Business Platinum Card for more details. Terms and conditions apply. [‡] Benefit Terms [1] Based on comparison with other U.S. credit card programs, as of 10/2024. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global, premium payments and 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 a hundred million merchant locations on our global network in around 200 countries and territories, 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 Cautionary Note Regarding Forward-Looking Statements This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements, which are subject to risks and uncertainties, contain words such as "expect," "intend," "plan," "aim," "will," "may," "should," "could," "would," "continue" and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express' Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the SEC. The company undertakes no obligation to update or revise any forward-looking statements. View source version on Contacts MEDIA CONTACT Ojas 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Newsweek
18-07-2025
- Business
- Newsweek
American Express Launches New Style of Airport Lounge
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. American Express is launching a new style of airport lounge for travelers who are short on time. The new Sidecar by The Centurion Lounge, opening at Harry Reid International in Las Vegas (LAS) next year, will be open to customers from 90 minutes before their flight departs. Why It Matters The new lounge is designed as an alternative to American Express' The Centurion Lounge, and is aimed at travelers looking for quick access to quality food and drink. By limiting entry to those with flights departing within a short time frame, it could help ease crowding and manage demand across lounge spaces. American Express is launching a new style of lounge at Harry Reid International in Las Vegas next year. American Express is launching a new style of lounge at Harry Reid International in Las Vegas next American Express What To Know The Sidecar by The Centurion Lounge will cater to eligible card members who have limited time before their flights. The new lounge will be part of The Centurion Lounge Network, and will complement the main Centurion Lounge at LAS. The lounge will be complimentary for members who have access to the network, including those who hold an American Express' Platinum Card, Business Platinum Card, Centurion Card or the Business Centurion Card. The speakeasy-inspired space will offer gourmet small plates and signature cocktails curated by The Culinary Collective by The Centurion Lounge. American Express has also announced that it is partnering with award-winning chefs including Mashama Bailey, Sarah Grueneberg, Kwame Onwuachi, and Mike Solomonov, to create the Culinary Collective menu. Bar Director Harrison Ginsberg will also join the team. Dishes from the Culinary Collective menu will change seasonally and will make up around half of the Centurion Lounges' items, while the other half will be cuisine inspired by the city in which the lounge is located. The introduction of the Sidecar lounge will make American Express the only credit card issuer with two lounges at the Las Vegas airport. What People Are Saying Audrey Hendley, the president of American Express Travel, said in a statement: "Many of our visitors spend less than an hour in our lounges, and we've created Sidecar specifically for them. "The first Centurion Lounge opened in Las Vegas in 2013, so it's fitting that we're launching this new lounge concept at LAS as we continue to innovate to meet our card members' needs." What Happens Next Sidecar by The Centurion Lounge is expected to open at Harry Reid International in Las Vegas in 2026. American Express has not yet confirmed whether this concept will expand to other airports.
Yahoo
16-07-2025
- Business
- Yahoo
American Express (AXP) Unveils Over US$2,000 in New Business Platinum Card Benefits
American Express recently introduced enhanced benefits for its Business Platinum Card, aiming to deliver substantial value to its members. These updates, alongside the potential travel and hotel perks, highlight the company's focus on enhancing customer experiences. During the last quarter, while broader market activities—such as volatile stock trading amid economic uncertainties—played a backdrop, AmEx demonstrated resilience with a 23% price increase. This move could be attributed to strategic moves, like the card enhancements and stable earnings growth, which helped maintain investor confidence amid fluctuating market dynamics. We've identified 1 possible red flag with American Express and understanding the impact should be part of your investment process. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The recently enhanced benefits for American Express's Business Platinum Card may act as a stabilizing factor amidst broader market volatility, like the deceleration in airline spending and rising reward expenses discussed in the narrative. Over the past five years, American Express's total shareholder return, combining share price and dividends, was 243.60%, underscoring its longer-term performance. In contrast, during the past year, American Express underperformed the US Consumer Finance industry, which returned 27%, though it outpaced the broader US Market return of 10%. These card enhancements could potentially impact revenue and earnings forecasts by bolstering customer loyalty and spending, supporting the company's diversified revenue base. The share price movement, with a current price of US$310.65 compared to a price target of approximately US$318.02, reflects a modest discount of about 2.37%. This indicates a market recognition of the company's efforts to support stable earnings growth. However, the news may not fully offset the risks outlined in the bearish analyst expectations, which see revenue growth slowing and margins compressing due to external pressures. The market consensus shows varying valuations, highlighting the importance of evaluating American Express's potential within the broader economic context. Upon reviewing our latest valuation report, American Express' share price might be too pessimistic. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AXP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
New York Post
17-06-2025
- Business
- New York Post
American Express has ‘major' refresh in the pipeline for its exclusive platinum cardholders
American Express has significant updates in the pipeline for its Platinum credit cards. The company's U.S. consumer and business Platinum Cards are slated to get 'major' updates 'later this year,' American Express said. Advertisement American Express executive Howard Grosfield said Monday in a statement that the company is 'going to take these Cards to the next level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers.' American Express touted the airport lounge access as well as the dining and hotel benefits that the well-known credit card already provides its Platinum cardholders, while revealing its plans to make updates. The company has offered the Consumer Platinum Card in the U.S. since 1984 and has given it various refreshes over the years. The new updates in the pipeline for American Express Consumer and Business Platinum credit cards will mark the company's 'largest investment ever in a Card refresh,' per the company. Advertisement 4 GM Photography – Those who hold the Business Platinum Card can expect 'more benefits they can use to help their companies grow' from the upcoming refresh, American Express said. American Express American Express Business Platinum Card holders already have a 'flexible spending limit that adapts based on purchase, payment and credit history, business and travel benefits, rich rewards on business expenses, virtual cards and access to cashflow management tools,' as well as dining, lounge and hotel benefits, according to the company. American Express isn't the only credit card issuer that has updates in the works for its high-end card. Advertisement 4 American Express executive Howard Grosfield said in a statement that the company is 'going to take these Cards to the next level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers.' GC Images JPMorgan Chase-owned Chase said on social media last week that 'rewards are about to get more rewarding' for its Chase Sapphire Reserve credit card this summer. The Chase Sapphire Reserve card first made its debut in 2016. Another social media post from Chase last week hinted at the launch of a Chase Sapphire Reserve credit card for businesses. JPMorgan Chase Advertisement The American Express Platinum Card and the Chase Sapphire Reserve Card are popular among consumers. 4 JPMorgan Chase-owned Chase said on social media last week that 'rewards are about to get more rewarding' for its Chase Sapphire Reserve credit card this summer. Christopher Sadowski 4 The American Express Platinum Card and the Chase Sapphire Reserve Card are popular among consumers. SockaGPhoto – The latter received the No. 3 spot for customer satisfaction among U.S. bank rewards credit cards that carry annual fees in a J.D. Power study released in the fall of last year. Meanwhile, the American Express Platinum Card placed one spot behind it in that category, at No. 4, according to the study.
Newsweek
17-06-2025
- Business
- Newsweek
American Express Announces Major Update to Cards
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. American Express has announced it will make its "largest investment ever" in refreshing its Platinum credit cards for U.S. consumer and business customers. The upgrade is set to roll out later this year, focusing on enhancements to travel, dining and lifestyle benefits, and is aimed at attracting more millennial and Gen Z customers, which together accounted for a significant portion of total U.S. consumer spending last quarter. "Once we launch the updated cards in the fall, customers will get the full info about the new benefits and services," an American Express spokesperson told Newsweek. Why It Matters The investment underscores escalating competition in the U.S. premium credit card market, especially as rivals like JPMorgan Chase unveil similar new features. The updates are seen as a strategic move to appeal to a younger, high-spending demographic and to maintain American Express' competitive edge in the lucrative premium card sector. American Express has announced it will make its "largest investment ever" in refreshing its Platinum credit cards for U.S. consumer and business customers. American Express has announced it will make its "largest investment ever" in refreshing its Platinum credit cards for U.S. consumer and business customers. Mike Stewart/AP What To Know American Express said it would expand its global lounge network by opening new Centurion Lounges in Newark, Tokyo and Salt Lake City, increasing the total to 32 worldwide. The company is also securing new brand partnerships to enhance lifestyle and travel benefits for Platinum cardholders, including at restaurants, wineries, venues and hotels. The refresh will extend to the Business Platinum Card, with features such as enhanced business rewards, flexible spending limits, virtual cards and advanced cash flow management tools to support business growth. American Express' announcement comes days after JPMorgan Chase said it is revamping its Chase Sapphire Reserve Card, a major competitor to the Platinum Card. The cards are popular in the U.S., and American Express has 56.4 million cards in America alone. What People Are Saying An American Express spokesperson told Newsweek: "We are always looking for ways to make Platinum Membership even better for our Card Members and plan to refresh the Consumer and Business Platinum Cards later this year. We have no additional details to share. "Updating our Cards is part of our long-term strategy to regularly refresh our products to meet the changing needs of our Card Members. Our CEO has spoken about this strategy many times in our quarterly earnings. We last updated the Consumer Platinum Card in July 2021 and Business Platinum in October of that same year." Howard Grosfield, group president, U.S. Consumer Services: "More than 40 years ago, we introduced the Platinum Card, and we continue to offer Platinum Cards with global servicing, unique benefits and experiences that our card members love Platinum Card benefits and services resonate across generations, particularly with millennial and Gen Z who accounted for 35 percent of total U.S. consumer spending last quarter. We're going to take these cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers." What Happens Next American Express expects to roll out the new benefits and features on its consumer and business Platinum Cards later this year.
