American Express Profit Gets Boost From Holiday Shopping
Billed business, or the transaction volume on credit cards and other products issued by the firm, rose 8% to $408.4 billion in the fourth quarter. Fourth-quarter net income of $2.17 billion, or $3.04 a share, slightly missed estimates.
We exited the year with increased momentum, with billings growth accelerating to 8% in the fourth quarter, driven by stronger spending from our consumer and commercial customers during the holiday season,” Chief Executive Officer Steve Squeri said in a statement Friday. “We maintained our best-in-class credit performance and disciplined expense management throughout the year.
Is American Express Worth It?
Of course, the bottom line is just your own financial position and how much you spend on a monthly basis. If you travel frequently or like dining out, for instance, or place importance on excellent service, an American Express card would be well worth the expense for you. In many cases, the rewards and other exclusive experiences that accompany such cards will be incredibly valuable to you.
What Makes American Express Unique?
Premium Rewards Program One of the most important reasons people are attracted to American Express is its rewards program. AmEx allows cardholders to earn points for every purchase made with the card. Such points can be redeemed for travel, cash back, gift cards, and even exclusive experiences.
These American Express cards-the Platinum Card and the Gold Card are, in fact, most especially used by people who travel regularly. There’s extensive travel reward with access to exclusive airport lounges that a lot of these frequent travelers consider well worth paying for. End.
Exceptional Customer Service American Express is known for its customer service. The support is available 24/7, and a cardholder can easily get in touch with a representative to solve any problem or answer any questions. The company is known to go the extra mile to ensure that its customers are satisfied and feel valued, which is why AmEx always ranks high in customer satisfaction surveys.
Exclusive Access and Perks One thing that makes AmEx different from a great many of the other companies involved in credit cards is the exclusive access it offers to special events and experiences. From concert tickets to movie premieres or private events, American Express often partners with brands to bring cardholders unique benefits. After all, AmEx’s Membership Rewards program allows members to use points for VIP experiences accessing major events and concerts, even culinary experiences.
Security and Fraud Protection When you’re carrying a credit card, security is always a concern. American Express takes security very seriously, offering some of the best fraud protection available. AmEx cardholders are protected against unauthorized charges, and if you’re ever a victim of fraud, the company quickly steps in to help resolve the situation and get your money