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American Express Company Message Board

  • kored35 kored35 Oct 7, 2013 3:30 PM Flag

    Credit card use FALLS for THIRD STRAIGHT MONTH !

    This can't be good news for AXP can it ?

    U.S. consumer credit up, but credit card usage down
    ReutersReuters – 21 minutes ago

    WASHINGTON (Reuters) - U.S. consumer credit rose more than expected in August, but a third straight month of decline in credit card usage was consistent with recent tepid consumer spending.
    Revolving credit, which mostly measures credit-card use, fell $883.41 million, declining for a third straight month.

66.93+0.13(+0.19%)Oct 27 4:00 PMEDT