American Express has launched Plenti, a loyalty program with a big twist: It allows U.S. shoppers to earn points at major retailers without being restricted to a credit card issuer or a single brand.
American Express and Jawbone are partnering in the smartwatch mobile payments space, allowing AmEx card customers to pay on the go, quite literally, with their new Jawbone UP4 fitness tracker.
Consumers can earn points and discounts using any form of payment accepted by the participating brands, including cash, prepaid and any debit, charge or credit card.
Costco, the nation’s 2nd-largest retailer, will start accepting Visa — instead of American Express — at its U.S. stores on April 1, 2016.
AmEx sent letters regarding the rate adjustments after finding that some rates were below those for rival cards held by borrowers “with similar credit profiles.”
A longstanding practice by American Express “results in higher costs to all consumers who purchase goods and services from these merchants,” the federal judge ruled.
For 16 years, American Express has been the only credit card accepted in Costco’s stores, but that exclusive arrangement will come to an end on March 31, 2016, AmEx announced Thursday.
AmEx members will get a $10 statement credit when they register their eligible American Express Card, and then use the registered card to spend $10 or more on a single in-store transaction at a qualifying small business location on Small Business Saturday.
Only 11 percent of customers report a problem with their credit card, but the most common issue is unauthorized or fraudulent activity, which accounts for 21 percent of all problems.
It’s also been rumored that “iWallet” will use near-field communication (NFC) technology in conjunction with the fingerprint security system that launched on last year’s iPhone 5S.