The issuer said that The Platinum Card® from American Express and The Business Platinum Card® from American Express will be receiving a full revamp later this year. Chase and Capital One are also updating their premium cards, so the competitive landscape may shift quickly.

Powered by positive growth for shares of American Express and Goldman Sachs, the Dow Jones Industrial Average is rallying Monday morning. Shares of American Express and Goldman Sachs are contributing around a third of the blue-chip gauge's intraday rally,

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

American Express is offering limited-time welcome bonuses of up to 175,000 Hilton Honors points on three Hilton co-branded credit cards. Learn which card is best for your travel style and how to qualify before the Aug.

American Express is a financial giant, acting largely as a payment processor. The company's logo adorns credit cards that get used in retail establishments and online. Each transaction generates fee income for American Express. It issues its own cards, too, so it generates card/membership fees directly from customers there, as well.

American Express Co.’s bet on Gen Z customers is paying off, with the segment accounting for around 5% of all US spending on the firm’s cards and other products, Chief Financial Officer Christophe Le Caillec said.