American Express Converts Card Rewards Into Bank Deposits
By PYMNTS
AI summary of the source article
American Express introduced new options allowing U.S. consumer and business cardholders to redeem rewards as deposits into eligible American Express bank accounts. Specifically, U.S. Consumer Cash Back Card members can redeem Reward Dollars for bank deposits.
Key facts
- American Express introduced rewards redemption into eligible American Express bank accounts for U.S. consumer and business cardholders.
- The announcement was made in a press release on Thursday, Oct. 29.
- U.S. Consumer Cash Back Card members can redeem Reward Dollars for account deposits.
Source excerpt · PYMNTS
American Express has introduced new ways for consumer and business cardholders in the United States to redeem rewards for a deposit into eligible American Express bank accounts, the company said in a Thursday (Oct. 29) press release. For consumers, U.S. Consumer Cash Back Card members can redeem Reward Dollars for a deposit into an American […] The post American Express Converts Card Rewards Into…