American Express CEO Will Be Replaced

American Express’ CEO Kenneth Chenault will be replaced by Stephen Squeri who has been vice chairman since 2015 on February 1st, 2018. Squeri’s previous positions at American Express have been as follows:

  • July 2015-current: Vice chairman and led the Business-to-Business group
  • November 2011 to July 2015: President of Global Corporate Services at American Express
  • October 2009 – November 2011:  Group President of Global Services
  • October 2009 – November 2011  Chief Information Officer and
  • May 2005 to October 2009: Executive Vice President

Chenault stepping down shouldn’t come as a surprise due to American Express falling share price since the loss of the Costco portfolio.

American Express Makes Changes To Centurion Lounge Access (No day pass)

American Express is making changes to its Centurion Lounge access policy. Starting Monday, October 2, access to the Centurion Lounges will be an exclusive benefit for our premium customers – Platinum Card and Centurion Members. Other American Express Card Members will no longer be able to purchase day passes for the lounges.

The guest policy for Platinum Card and Centurion Members remains the same. Platinum Card Members can enter any Centurion Lounge with up to two guests, and Centurion Members may enter with up to two guests or immediate family at no additional charge. Platinum and Centurion Card Members can continue to purchase day passes for any additional guests.

Get free $10 Kohl’s Case with Discover Card

Discover cardholder can get $10 off $30 any Kohl’s purchase. The minimum spend requirement isn’t actually enforced since the $10 code is applied like Kohl’s cash. It’s therefore possible to get up to $10 of stuff for free. Get the offer with following steps:

  • Log into Discover
  • Click Redeem Rewards
  • Go to the Discover Deals tab
  • Search for Kohl’s
  • Pick “Kohl’s” (not “Kohl’s online”)
  • You’ll see your unique Kohl’s code for $10 off

Updated news on merge of Marriott and SPG. Will the SPG card discontinue?

Leeny Oberg, Marriott’s Executive Vice President and Chief Financial Officer, gave an update at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure conference yesterday, noting what challenges lay ahead for the two brands. Ultimately, Oberg said that they expect to bring the Marriott Rewards and Starwood Preferred Guest programs together by the end of 2018, however, she noted that it’s an ambitious timeline and the company’s “not promising” that it’ll be completed by then.

So far, neither Marriott nor Starwood has made any official statement on the future of Amex SPG card. We might take a look at the trade between Amex and Citibank again. Before Amex officially discontinued the card and Citi took over, the Amex Costco card actually stopped accepting new applications a few weeks before that. Will this happen again on SPG card?


AmEx Outduels Citigroup for Exclusive Rights to Hilton Cards

(Form Business Travel News)

American Express will become Hilton’s exclusive issuer for Hilton Honors co-branded credit cards in the U.S. Hilton has offered Amex and co-branded cards since 1995 and Citi co-branded cards since 2000. The deal is for a multi-year partnership, and a Hilton spokesperson said Hilton Honors members number 63 million. More information on the impact on U.S. co-branded Citi cardholders will follow later this year, but for now, they will continue to earn points from purchases.

Link: The AmEx® Hilton Honors™ Card