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March 25, 2015

AmEx blues: Many leave home without it

  • Changing consumer habits, extremely aggressive competition and increased pushback from merchants are putting heavy pressure on American Express.
  • By KEN SWEET
    AP Business Writer

    NEW YORK — For decades, American Express was the undisputed credit card of choice among corporate road warriors, the wealthy and the well-traveled, who lived by the company's slogan, “Don't leave home without it.”

    But changing consumer habits, extremely aggressive competition and increased pushback from its merchants are putting heavy pressure on AmEx.


     
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