American Express Tells Cardmembers Where to Go - Card Issuers News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Card Issuers » American Express Tells Cardmembers Where to Go

American Express Tells Cardmembers Where to Go

American Express Tells Cardmembers Where to Go
May
16
The content is accurate at the time of publication and is subject to change.
This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

Have you ever wondered whether you`re missing out on a great deal because you can`t keep up with all the daily deals offered by Twitter, Facebook, foursquare and American Express? Now there`s an app for that.

This week American Express launched the “My Offers” feature as part of their existing iPhone app, which Amex card holders already use to easily and securely manage their accounts. Now they will be able to go to the app and see all relevant offers for their area, from Twitter, Facebook, foursquare and American Express. The offers will be ranked according to each customer`s current location and spending history, so that they are as relevant to each individual card holder as possible.

On the My Offers dashboard, Amex members can sort offers based on expiration date or location, as well as see which offers they`ve redeemed and how much they`ve saved. Savings appear automatically as a statement credit three to five days after making a purchase.

Crowded Market

Josh Silverman, president of the U.S. Consumer Services Group at American Express says that, “In an increasingly crowded marketplace, where consumers are bombarded with daily deals, we saw an opportunity to help our Cardmembers save time as well as money by curating meaningful offers for them.”

Indeed, the daily deals market is crowded, with not only foursquare, Twitter, and Facebook offering discounts, but sites like LivingSocial, Groupon, Woot! and Bloomspot giving out coupons and discounts to members every day, sometimes multiple times a day. It`s enough to make anyone long for the days of just clipping coupons out of the Sunday newspaper and filing them in a pocket binder.

The program is only in its pilot stage, being offered in Los Angeles and New York City, as well as a few national merchants like Basin-Robbins and Dunkin` Donuts, but it`s expected to roll out in more cities by the end of the year.

Good for Members, Good for Merchants

The My Offers program won`t just be beneficial to consumers, but to businesses as well. By signing up to participate in American Express`s “Go Social” discount offer program, merchants can target their discounts to the demographic they most covet. By strategically offering deals, they can attract increased customer traffic and nurture customer loyalty and repeat business.

Amex`s Siverman says, “We can help our merchant partners build their business by helping them reach the right Cardmembers with the right offers at the right time. We developed our mobile offer engine with three key points of differentiation in mind: relevance, convenience and value.”

Everyone Wins

This new feature is part of American Express`s “Smart Offer” technology, which they use to power their partnerships with Facebook, Twitter, and foursquare. The Smart Offer technology makes it possible for American Express to bring consumers and merchants together and give both maximum value and service, at the same time building their own business by encouraging card holders to use their American Express cards. It`s a win-win for businesses and consumers.

The person widely credited with American Express`s domination of the social media scene is Leslie Berland, Amex`s Senior Vice President of digital partnerships and development. She said in a recent speech at the Mashable Connect 2012 conference that it took three weeks to craft Amex`s first tweet after they joined Twitter. Their promotion of “Small Business Saturday” which encourages people to shop locally the day after “Black Friday,” and also their presence at the SXSW festival in Austin, Texas over the past few years, were the seeds that Berman credits with helping Amex become the social media mavens they are today.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

New Priority Pass Restaurants in Los Angles and Salt Lake City

Posted: September 24, 2018

Travelers passing through Los Angeles International Airport (LAX) and Salt Lake City International Airport (SLC) now have two more restaurants to check out if they are Priority Pass members - Il Viaggio at SLC and P.F. Chang's at LAX. Continue reading
6.2 Billion Settles the Visa MasterCard Swipe Fee Class Action Lawsuit

Posted: September 21, 2018

Visa and MasterCard will be paying out $6.2 billion to settle a lawsuit brought by 12 million merchants located across the United States. In the case, the defendants claimed that both MasterCard and Visa inflated swipe fees so that the ... Continue reading
Brand New Categories for Chase Freedom Cardholders

Posted: September 20, 2018

Chase Freedom Cardholders have new categories to choose from this fall and just in time for the holiday season too. They will be able to earn 5% cash back when shopping at Wholesale Clubs, like Sam's Club and Costco, as well as Department ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!