American Express Making Changes to Rewards Program

American

Express Making Changes to Rewards Program

The Wall

Street Journal is reporting that American Express is making

changes to its Membership Rewards program, including the end

of double points on "everyday" purchases such as gas

and groceries. In addition, some cards will be raising their

annual fees. On the plus side, American Express will offer double

points for online purchases at certain merchant partners.

The

report says that American Express will inform cardholders of

the change in their August bills.

Published 08/01/06 (Modified 05/07/12)