Total Cardholder Amex offer savings in last 5 years – £85,000,000

[StanTheMan]

Popped up when in logged in to Amex desktop last night – total cardholders savings since 2018…. £85m and change. So now we know…..

[Carlos]

They say money doesnt on trees

[davefl]

https://ir.americanexpress.com/news/investor-relations-news/investor-relations-news-details/2023/American-Express-Reports-Record-Revenue-of-15.1-Billion-up-12-From-the-Prior-Year-With-Card-Member-Spending-Reaching-a-Quarterly-High/default.aspx

Drop in the ocean with 2Bn+ revenue per quarter.

[can2]

Well, it is a drop in the ocean but for a different reason. Otherwise it amounts to 5%.

Obviously it is a drop as we “assume” very very few people truly take advantage of the offers.

[davefl]

Sorry, reported by mistake.

It’s not 5%, it’s less than 0.25% based on revenues since 2018.