Travel Insider 🔵 YOUR UPDATES TODAY 🔵 Total spending volume on American Express corporate cards increased to $119.9 billion during the second quarter, up from $104 billion during the previous quarter and 45 percent higher than the Covid-19-ravaged second quarter of 2020, the payment giant reported on Friday.
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Average quarterly cardmember spending for Amex’s Global Commercial Services division also showed strong growth, reaching $8,180 in the second quarter, an increase of more than $1,000 from the first quarter, and 45 percent higher year over year. Meanwhile, the number of cards in force ticked up 1 percent year-over-year, to 14.8 million.
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