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American Express (AXP) Increases Offers on Platinum Cards

EFX AXP MA

Trades from $3

American Express Company (AXP - Free Report) recently expanded the choice of offers for both the American Express Platinum card members and Business Platinum card members. American Express’s Platinum Card has established itself as the category leader for more than 30 years.

The new offers will enable American Express Platinum Card members to receive five times the Membership Rewards points earned on their airfare booking through American Express Travel or directly with the airline.

Business Platinum card members will now be rewarded 50% points back if they use Membership Rewards Pay with Points through American Express Travel to book a flight with the airline of their choice. The card members will gain the same benefit on their first or any business class booking. Moreover, the Business Platinum card members will also be able to earn 1.5 times their Membership Rewards points per dollar spent on purchases of $5,000 or more.

Apart from these benefits, both American Express Platinum card members and the Business Platinum card members will gain access to American Express’ Global Lounge Collection. The Global Lounge Collection comprises American Express’ award winning Centurion lounge network, International American Express lounges, Delta Sky Clubs, Priority Pass Select, and Airspace Lounges. Hence, the eligible members will now have easy access to most of the airport lounges across the globe.

American Express has always undertaken strategic initiatives to retain its leadership in the money market. , The company has customized its offers in keeping with consumers’ interest in travel. Along with the main advantages, the card members will also be offered a $200 Airline Fee Credit for incidental benefits like baggage. Members can easily upgrade their travel status to Starwood Preferred Guest Gold Status and Hilton HHonors Gold Status according to their choice. Complementary benefits like ease of hotel bookings, access to WiFi network and many more will be past of the extended travel benefits.

Zacks Rank

American Express has a Zacks Rank #3 (Hold).

Some better-ranked stocks from the finance sector include Equifax Inc. (EFX - Free Report) , MasterCard Incorporated (MA - Free Report) and National Interstate Corporation .

National Interstate, a specialty property and casualty insurer, saw the Zacks Consensus Estimate increasing 7.6% and 7.3% for 2016 and 2017, respectively, over the last 60 days. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Equifax, a financial transaction services provider, witnessed the Zacks Consensus Estimate inch up 0.4% and 0.2% for 2016 and 2017, respectively, over the last 60 days. The company holds a Zacks Rank #2 (Buy).

MasterCard, another financial transaction services provider, saw the Zacks Consensus Estimate inch up 0.8% and 0.9% for 2016 and 2017, respectively, over the last 60 days. The insurer has a Zacks Rank #2.

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