American Express is on fire! Despite economic uncertainties, the financial giant just blew past expectations, fueled by a surge in demand for its revamped Platinum card. This is a big win for Amex, but what does it really mean for you?
On October 17, 2025, the company announced stellar earnings, exceeding forecasts, which came on the heels of the highly anticipated refresh of their Platinum credit card last month. The company, celebrated for its premium credit cards, revealed a staggering $421 billion in billed business. This figure represents the total transaction volume across all credit cards and other products issued by Amex during the third quarter. To put this in perspective, analysts had predicted a billed business total of only $415.2 billion.
This performance indicates robust consumer spending and a strong appetite for premium credit card benefits. But here's where it gets interesting: the success of the Platinum card refresh suggests that even in a challenging economic climate, consumers are willing to pay for luxury and exclusive perks.
Could this be a sign of a two-tiered economy? Where those with higher incomes continue to thrive, while others struggle? What are your thoughts?
