credit cards News & Analysis
2 articles
Market Mood
American Express (AXP) Revenue Up 8.8% Over Last Decade
American Express (AXP) reported a net revenue growth of 8.8% over the last decade, driven by a 5.4% annual increase in billed business. In the first quarter, billed business accelerated by 10%, marking the fastest pace in three years. The average spend per card member increased by 62% between Q1 2016 and the most recent quarter. Despite economic headwinds, American Express maintains a competitive edge with a focus on affluent consumers, suggesting potential for continued growth.
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Credit Card Points: Timing for Travel Rewards Usage Explained
Limited data available — there are considerations for how soon one should use travel rewards after accumulating points. The article mentions that using points far in advance might not always be optimal, as award flight prices can vary based on demand. U.S.-based airlines generally have low or no change fees, which can impact travelers' decisions. It highlights the risk of potential devaluation of points over time, reinforcing the idea of booking early to maximize value.
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