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Home›US Markets›Sectors›American Express Platinum card spending grows at faste…

American Express Platinum card spending grows at fastest pace in years

An Amex executive said the company is seeing stronger spending momentum as premium cardholders respond to perks tied to access.

Reported · Written up by our desk · Sectors

American Express is reporting its strongest spending growth in years tied to Platinum card usage, according to MarketWatch.

The outlet said Amex executives attribute the momentum to cardmember perks that resonate with consumers, framing the appeal as providing greater access.

MarketWatch also highlighted the idea that premium benefits are driving engagement, with an Amex executive describing it as being “really about access.”

Latest closePlatinum $1,602.00 ▼2.5%

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Sources

MarketWatchAmerican Express rides a boom in Platinum cards to its strongest spending growth in years
MarketWatchAmerican Express rides a boom in Platinum cards to its strongest spending growth in years

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