AmEx is an American multinational company that provides financial services t its customers. The company has its headquarters in New York, United States. The company was founded in 1950. The company is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its traveler’s services and credit cards. Approximately 24% of the total dollar volume of company’s credit card transactions is in the US. American express is ranked to be 22nd most valuable product in the world.
On May 6, 2014 American Express launched the new Propel 365 and Propel World credit cards. According to American Express Stock news, these cards have ability to maximize daily earning rewards faster. They also provide benefits of advance protections, while one is shopping or travelling. The company expects to earn a reward of 10, 25 or 50 % from their new project. According to American Express Stock Quote, cardholders will benefit an annual $100 fee. The company reports that this new project would be supported by 24/7 premium concierge services.
In addition, AXP Stock reports that these cardholders have the ability to earn additional 10 to 50 percent on their saving accounts or PMA package. Wells Forgo and American Express combined are providing with a strong value proposition with the help of these cards. Both companies believe that together they can defeat their competitors with the help of this new combined project and the project will provide them with best market value.