Amex Corp. Card Spending Continues Resurgence in Q2

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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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https://www.businesstravelnews.com/Procurement/Amex-Corp-Card-Spending-Continues-Resurgence-in-Q2?utm_source=dlvr.it&utm_medium=wordpress


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By MSc(Econ) Lassi Pensikkala - International Travel and Business Expert

Lassi Pensikkala is the creator of AmerExperience.com. He writes regularly providing thought leadership on topics related to Travel, Golf, Business, Health, and Lifestyle. You can follow him on Twitter @amerexperience or connect on Linkedin. You can read his travel and golf news in Google News, and business and travel magazines on Flipboard @amerexperience Expertise: International Travel And Business Expert Creator of AmerExperience.com - Education: Studied International Business in Business School of Turku Finland, and Economy, Psychology and Sociology at the University of Hamburg graduated as MSc(Econ) - Language skills: Multilingual - English, German, Spanish, Swedish and Finnish - Life philosophy: 1959 and the 60’s were the golden times of Rock’n Roll, student movements, and first flight to moon. The nordic people were free to travel in the Scandinavian countries including Finland. No passports or travel documents were needed. The freedom still today is the most important for the Scandinavians from that epoch. Freedom is to travel, learn to know new countries and other languages, and meet different people and cultures. He wishes the new generations would have the same possibilities experiencing all that what makes you feel free, and building a strong personality. -

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