Company Overview Visit americanexpress.com website
The American Express Company, or Amex, is a financial services corporation founded in 1850. Originally formed as an express mail business to quickly move packages between merchants and banks, this company has grown into one of the largest credit card issuers in the world.
Amex cards are popular with consumers who wish to build up Membership Rewards points that can be redeemed for expensive items like travel. However, recently they have faced stiff competition from other companies. Rivals such as the Chase Sapphire Reserve card offer similar rewards at lower costs to consumers. To stay competitive, American Express has begun diversifying its services by offering loans directly to consumers through their subsidiaries.
These days, most people know about Amex mainly because of their charge cards, which represent a significant share of their revenue. They offer cards like the Platinum Card, which come with benefits such as travel insurance and airport lounge access. However, they also offer business credit cards that can be used for employee rewards or company expenses.