0725 ET - American Express card members are using their cards more and putting more on their balances, the company says. Amex says card member spending increased by 9%, the highest rate in three years. Card balances also rose, driving up net interest income during the quarter. One of Amex's most expensive cards, the Platinum, is the company's fastest growing card in the U.S. The high spending among Amex's customers, who are generally wealthier, contrasts with lower-income cohorts, who Albertsons said earlier this week are feeling pressured and limiting spending on groceries. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 07:26 ET (11:26 GMT)

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