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American Express Enriches Platinum Card With Premium Perks
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American Express Company’s (AXP - Free Report) subsidiary, American Express India, unveiled an upgraded suite of benefits for its Consumer Platinum Card in a bid to widen the range of premium, travel and lifestyle perks available to Card Members. The new perks relate to infusing lucrative benefits such as elite-tier memberships, enriched rewards and exclusive experiences across essential categories such as travel, dining and daily conveniences.
For existing Platinum Card Members who opened their accounts before Oct. 8, 2024, the updated fee will apply starting from their next annual renewal date.
Regarding the upgraded benefits, the welcome gift value has been significantly increased. Card Members will receive three new elite memberships — Accor Plus Traveller, The Postcard Sunshine Club Platinum and I Prefer Titanium — alongside existing elite memberships with Marriott Bonvoy Gold Elite, Hilton Honors Gold, Radisson Rewards Premium and Taj Epicure Plus, granting exclusive hotel stays, dining perks and personalized services.
Complimentary digital subscriptions to The Wall Street Journal, Mint, Vogue, Conde Nast Traveler, SonyLiv Premium and Disney+ Hotstar deliver premium lifestyle and entertainment benefits. Members also enjoy instant savings on Apple products and a third night complimentary at The LaLiT. In addition to this, Card Members will continue to enjoy unlimited access to 1,300+ airport lounges worldwide, complimentary memberships on dining apps like Zomato and EazyDiner and flexible rewards points with no expiry. They also receive access to premier golf courses and comprehensive insurance coverage.
Benefits of Recent Move to American Express
The latest initiative bears testament to American Express’ sincere efforts to enhance its card offerings and cater to the evolving needs of the Card Members, which are likely to attract new clients or retain existing ones. It also denotes AXP’s endeavor to further strengthen its presence across India.
With the card-issuing business remaining an important source of revenues for AXP, initiatives to upgrade card offerings are expected to drive its top line in the days ahead. Management anticipates revenue growth to be in the range of 9-11% in 2024. The company also leverages acquisitions and partnerships to enrich its card offerings and expand its global footprint.
Other Industry Peers
Virtu Financial, Inc.’s (VIRT - Free Report) earnings surpassed estimates in three of the trailing four quarters and missed the mark once, the average surprise being 9.87%. A diversified revenue stream in the Execution Services segment, driven by the ITG acquisition, has bolstered VIRT’s global presence and enhanced offerings in liquidity, execution and analytics. The company’s strong balance sheet, with reduced debt and robust liquidity, supports its financial flexibility. Cost-cutting measures, including shedding non-core operations, also contribute to efficiency and profitability.
Blue Owl Capital Corporation’s (OBDC - Free Report) bottom line outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 2.64%. It has demonstrated strong investment income growth, driven by rising interest income and a growing portfolio of 212 companies. Its inorganic growth has been bolstered by key acquisitions. The company’s prudent capital deployment, including share buybacks and dividends, and its diversified portfolio with senior secured investments position it well to navigate market volatility and sustain growth.
Synchrony Financial’s (SYF - Free Report) earnings outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 2.75%. SYF has strategically pursued acquisitions, partnerships, and alliances to enhance digital capabilities and diversify its offerings. Key moves include acquiring Allegro Credit and expanding partnerships with LG Electronics, PayPal and Mastercard. The CareCredit platform is growing through expanded acceptance in Walgreens, Duane Reade and global pharmacies, with partnerships in pet care and healthcare fueling further expansion. Synchrony's balance sheet remains strong, enabling it to return value to shareholders.
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American Express Enriches Platinum Card With Premium Perks
American Express Company’s (AXP - Free Report) subsidiary, American Express India, unveiled an upgraded suite of benefits for its Consumer Platinum Card in a bid to widen the range of premium, travel and lifestyle perks available to Card Members. The new perks relate to infusing lucrative benefits such as elite-tier memberships, enriched rewards and exclusive experiences across essential categories such as travel, dining and daily conveniences.
For existing Platinum Card Members who opened their accounts before Oct. 8, 2024, the updated fee will apply starting from their next annual renewal date.
Regarding the upgraded benefits, the welcome gift value has been significantly increased. Card Members will receive three new elite memberships — Accor Plus Traveller, The Postcard Sunshine Club Platinum and I Prefer Titanium — alongside existing elite memberships with Marriott Bonvoy Gold Elite, Hilton Honors Gold, Radisson Rewards Premium and Taj Epicure Plus, granting exclusive hotel stays, dining perks and personalized services.
Complimentary digital subscriptions to The Wall Street Journal, Mint, Vogue, Conde Nast Traveler, SonyLiv Premium and Disney+ Hotstar deliver premium lifestyle and entertainment benefits. Members also enjoy instant savings on Apple products and a third night complimentary at The LaLiT. In addition to this, Card Members will continue to enjoy unlimited access to 1,300+ airport lounges worldwide, complimentary memberships on dining apps like Zomato and EazyDiner and flexible rewards points with no expiry. They also receive access to premier golf courses and comprehensive insurance coverage.
Benefits of Recent Move to American Express
The latest initiative bears testament to American Express’ sincere efforts to enhance its card offerings and cater to the evolving needs of the Card Members, which are likely to attract new clients or retain existing ones. It also denotes AXP’s endeavor to further strengthen its presence across India.
With the card-issuing business remaining an important source of revenues for AXP, initiatives to upgrade card offerings are expected to drive its top line in the days ahead. Management anticipates revenue growth to be in the range of 9-11% in 2024. The company also leverages acquisitions and partnerships to enrich its card offerings and expand its global footprint.
Other Industry Peers
Virtu Financial, Inc.’s (VIRT - Free Report) earnings surpassed estimates in three of the trailing four quarters and missed the mark once, the average surprise being 9.87%. A diversified revenue stream in the Execution Services segment, driven by the ITG acquisition, has bolstered VIRT’s global presence and enhanced offerings in liquidity, execution and analytics. The company’s strong balance sheet, with reduced debt and robust liquidity, supports its financial flexibility. Cost-cutting measures, including shedding non-core operations, also contribute to efficiency and profitability.
Blue Owl Capital Corporation’s (OBDC - Free Report) bottom line outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 2.64%. It has demonstrated strong investment income growth, driven by rising interest income and a growing portfolio of 212 companies. Its inorganic growth has been bolstered by key acquisitions. The company’s prudent capital deployment, including share buybacks and dividends, and its diversified portfolio with senior secured investments position it well to navigate market volatility and sustain growth.
Synchrony Financial’s (SYF - Free Report) earnings outpaced estimates in three of the last four quarters and missed the mark once, the average surprise being 2.75%. SYF has strategically pursued acquisitions, partnerships, and alliances to enhance digital capabilities and diversify its offerings. Key moves include acquiring Allegro Credit and expanding partnerships with LG Electronics, PayPal and Mastercard. The CareCredit platform is growing through expanded acceptance in Walgreens, Duane Reade and global pharmacies, with partnerships in pet care and healthcare fueling further expansion. Synchrony's balance sheet remains strong, enabling it to return value to shareholders.