American Express Co.’s bet on Gen Z customers is paying off, with the segment accounting for around 5% of all US spending on the firm’s cards and other products, Chief Financial Officer Christophe Le Caillec said.

But younger American Express cardholders seem to be telling a different story. Amex CEO Stephen Squeri said Gen Z and millennial customers have better-than-average FICO scores and spend less.

Is American Express about to overhaul the Platinum Card? In their latest earnings call, Amex revealed plans to refresh 35-50 products in 2025, fueling speculation of a major Platinum Card revamp with possible new fees,

Younger customers are driving growth here too, with millennial and Gen Z members accounting for half of the high-yield savings accounts and a third of total balances. One way American Express ...

American Express is in great shape even ... on Amex cards jumped 7.5% year over year and new-card growth was fueled by Gen Z and millennials, who made up the bulk of new customers.

April 30, 2025 00:00 AM UTC - Updated May 13, 2025 15:41 PM UTC American Express is winning over Gen-Z by offering curated experiences and personalized rewards that resonate with younger audiences.

Spending growth remains robust, particularly among millennial and Gen Z cardholders. The company's valuation still commands a premium despite the recent pullback. American Express wrapped up 2024 ...