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American Express, credit card provider to the wealthy, wants even more high spenders
CNBC· 2026-01-30 19:09
American Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers.The company recently shifted marketing dollars to its refreshed Platinum card, which carries an $895 annual fee, and away from no-fee cash back cards, CEO Stephen Squeri told analysts Friday after the company reported fourth-quarter results.Doing that helps to boost overall spending levels as high-end consumers continue to thrive, a tactic that leads to both rising fee revenu ...