[REVISION HISTORY]

American Express offers, earnings, and benefit updates

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2026-08-26 09:31 UTC → 2026-08-31 20:19 UTC · added ~~removed~~

American Express offers, earnings, and ~~investor shifts~~ benefit updates

In mid‑May 2026 American Express rolled out a suite of consumer promotions, raised fees on select personal cards and reaffirmed its full‑year earnings outlook after reporting Q1 net profit of about $16.5 billion. Early June data showed billed card spending up 10 % YoY, driven by affluent consumers and a surge in luxury‑segment spend. Institutional investors increased holdings, while Capital Wealth Planning trimmed a small portion of its stake. August 2026 saw a new Amazon discount for cash‑back cardholders (up to 50 % off, max $80) and an Accor hotel promotion offering up to $100 savings on qualifying stays. The following weeks added further offers: on 18 July, a limited‑time Amazon Membership Rewards bonus of up to 3,600 points for a $150 spend and a $100 statement credit for Relais & Châteaux hotel bookings in the U.S., Canada and Europe (valid through 15 Nov 2026). On 3 August, the Amazon 50 % discount was re‑announced with a redemption cap of 52,608 customers, alongside an Accor luxury‑brand stay discount of $100 (up to 20 % back) for bookings of $500 or more. A 30 % transfer bonus for Membership Rewards points to Avios programs (British Airways, Iberia, Aer Lingus) was re‑introduced on 4 August, running through 27 Sept 2026. On 7 August, the company clarified that Resy restaurant credits on Gold and Platinum cards will apply only to venues flagged as eligible at purchase. In mid-August, the company expanded its premium travel ecosystem. On 12 August, American Express added 351 new properties to its Fine Hotels + Resorts and The Hotel Collection programs, bringing the total portfolio to over 3,400 properties across 116 countries. This expansion, curated to reflect consumer demand for experiences, allows Platinum Cardmembers to utilize statement credits for prepaid bookings.

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