Consumer Payment Card News

PPC Fees

Feeling the breath of federal lawmakers, American Express says it is eliminating monthly fees on all of its gift cards, including those now in stores, those headed to market for the coming holidays, and those already purchased that are in consumers’ wallets and purses. With this announcement, American Express is the only major issuer of universal, or “general purpose,” gift cards to eliminate all fees after purchase. Unlike other gift cards, AmEx Gift Cards have no fees after purchase — no fees for activation, no fees for checking a balance, no fees for monthly servicing, no fees for card replacement, and the funds on the cards never expire. In addition, AmEx and Simon Property announced a new, expanded relationship that makes AmEx the primary provider of Simon gift cards, unseating Visa. AmEx Gift Cards are available at more than 70,000 outlets. For more information visit: “http://www.americanexpress.com/gift”:http://www.americanexpress.com/gift

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