What are the new eligibility criteria for the American Express Platinum Card?

Applicants who have held any American Express consumer card, including supplementary cards, within the past 12 months are excluded from applying for the Platinum Card.

Why did American Express change its eligibility criteria?

The changes aim to reduce bonus abuse by preventing individuals from opening and closing cards repeatedly to exploit bonus offers, thereby maintaining the integrity of the rewards program.

How has AXP's stock been performing recently?

AXP's stock price is currently $325.31, experiencing a decline of 1.21%. The stock has a year-to-date change of -17.27%, but a year-over-year gain of 13.44%.

What is the current market perception of American Express?

Analysts are mixed, with a 'Buy' sentiment from 9 analysts and a 'Hold' from 5. The median price target is $290, indicating room for growth as the company continues its strategic initiatives.

How can Meyka help investors?

Meyka offers AI-powered financial insights and real-time market analysis, allowing investors to make data-driven decisions in the dynamic stock market.

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AXP News Today: American Express Tightens Eligibility for Platinum Card

ByHuzaifa Zahoor September 15, 2025

Today, we explore the recent changes American Express has made to the eligibility criteria for its Platinum Card, specifically in Singapore. These changes, targeting previous cardholders, aim to curb bonus abuse. This news is significant for AXP investors as it might impact American Express’s growth strategy and market perception. Let’s delve into the details and what it means for the company’s future.