American Express Is Getting Serious About Its High-End Credit Cards
American Express (NYSE: AXP) has been known as the leader in high-end credit card products for many years now, and recent news indicates a renewed effort from the company to maintain that position. Here's why the recent enhancement of American Express' co-branding relationship with Hilton (NYSE: HLT) is such a significant news item for the company's investors.
Earlier in 2017, American Express announced that it had been selected to become the exclusive issuer for Hilton co-branded credit cards in the U.S., starting Jan. 1. As part of the agreement, American Express is also acquiring Citigroup's existing Hilton credit card portfolio.
Source: Fool.com
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