American Express Announces New Co-Brand Relationship with Charles Schwab
March 19 2015 - 9:00AM
Business Wire
Two new co-branded cards are expected to be
available by early 2016
American Express (NYSE: AXP) today announced a new exclusive
multi-year agreement with Charles Schwab & Co., Inc. to create
two new premium co-branded cards. With the agreement recently
finalized, the cards are expected to be available in early
2016.
“We look forward to working closely with Charles Schwab to
develop a strong value proposition for the new cards,” said Josh
Silverman, president of Consumer Products & Services for
American Express. “The partnership is designed to generate positive
economics over time for our shareholders, and allow our mutual
customers to benefit from a relationship with two leading financial
services brands.”
Additional details for the co-branded cards will be announced at
a time closer to the products’ availability.
The Charles Schwab Corporation (NYSE: SCHW) provides a full
range of securities brokerage, banking, money management and
financial advisory services to individual investors and independent
investment advisors. Its broker-dealer subsidiary, Charles Schwab
& Co., Inc., and affiliates offer a complete range of
investment services and products.
About American Express
American Express is a global services company, providing
customers with access to products, insights and experiences that
enrich lives and build business success. Learn more
at americanexpress.com and connect with us
on facebook.com/americanexpress,
foursquare.com/americanexpress, linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products and services: charge and credit cards,
business credit cards, travel services, gift cards, prepaid cards,
merchant services, business travel, and corporate card.
American Express:Melanie Backs,
212-640-2164melanie.l.backs@aexp.com
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