Did you know that American Express companies have a vast and varied portfolio? In addition to offering its signature credit cards, they own multiple subsidiaries ranging from banking and finance to travel services.
From brick-and-mortar banks to online money transfer platforms, the wide variety of brands owned by American Express provides an enormous opportunity for customers and merchants alike.
Let’s examine some of the most popular acquisitions this iconic international financial corporation made, how these organisations transform today's economy, and what it means for consumers worldwide.
Introducing American Express
American Express is an iconic international financial services and technology company that has been in operation since 1850. Known for their signature credit card and travel rewards program, they are known worldwide as a reliable source of payment methods and banking solutions.
In addition to offering its signature credit cards, American Express owns multiple subsidiaries ranging from banking and finance to travel services. Whether it’s brick-and-mortar banks or online money transfer platforms, American Express owns a variety of brands that provide an enormous opportunity for customers and merchants alike.
Companies Owned by American Express
American Express has made numerous acquisitions, greatly expanding its services and capabilities. Some of the most popular companies owned by American Express are:
•American Express Global Business Travel
•American Express Bank
•Plenti
•Symphony Asset Management
•Membership Rewards
•Amex Assurance
•American Express Travel
These companies are transforming how we view financial services and technology today, providing a secure and efficient platform for customers to manage transactions and grow their wealth. American Express is also dedicated to creating innovative solutions which provide better experiences for merchants and customers alike.
Benefits of Being an American Express Member
- Access to exclusive deals and offers - American Express constantly runs great promotions for its customers so that you can get discounts on a wide range of products and services.
- A wide selection of travel partners - American Express is part of several global alliances with airlines, hotels, and rental car companies. You can save when booking travel using your American Express card or membership.
- Cash back rewards on everyday purchases - With American Express, you'll be able to earn cash back rewards on everyday purchases like groceries and dining.
- Flexible payment plans - American Express offers flexible payment options so that you can pay your bills on time without having to worry about large fees or interest charges.
- 24/7 customer service - American Express is known for its excellent customer service, and you can get help 24/7 whenever needed.
- Global acceptance - American Express cards are accepted in more than 200 countries worldwide, so that you can use your card almost anywhere.
- Access to exclusive events and experiences - American Express organises exclusive events for its members, allowing you to attend concerts, sports games, and much more.
- Security features - American Express offers robust security features to protect your account from fraud or identity theft.
A Look at AmEx’s Popular Travel Rewards Program
American Express’s travel rewards program has been widely popular and highly successful. With a wide range of partners across all different types of companies, customers can use their points to book flights and other travel arrangements with the highest quality brands.
This ability to combine various loyalty offers with great savings makes this one of the most convenient ways to traverse the world.
Overview of American Express Financial Services
American Express is a global financial services company known for its iconic credit cards and travel-related services. It also owns numerous subsidiaries, ranging from banking to travel companies. It’s these acquisitions that make up the American Express portfolio and which offer customers an incredibly wide variety of options to choose from.
Let’s look at some of the most notable companies owned by American Express to see how they’re contributing to a more efficient and equitable global economy.
Global Banking
American Express owns several global banks, including Amex Bank of Canada and American Express Centurion Bank. These institutions offer retail banking services in the United States and Canada and international locations.
The company also owns foreign exchange broker Travelex Global Business Payments, which offers innovative payment solutions to businesses and consumers.
Exploring AmEx’s Other Companies and Subsidiaries
American Express, known as AmEx, is the world’s preeminent financial services provider. American Express offers various services through its vast portfolio of subsidiaries and partners, including credit cards, banking, and insurance.
Some of the companies owned by American Express include:
- Financial Services Company – This company is responsible for developing and delivering a range of financial products, services, and solutions.
- American Express Travel – This subsidiary offers travel-related products and services, including airfare, car rentals, and hotel reservations.
- Global Business Services – This business is focused on leveraging data to deliver insights to help improve customer experiences, enhance decision-making, and optimise operations.
- American Express Bank – This branch provides various banking services, including credit card deposit accounts, investment management, and international payments.
How to Make the Most of Your Membership with American Express
American Express companies have a vast portfolio of services and products designed to extend their offerings' reach. From banking, payments, and travel services to credit cards, rewards programs, and loyalty points, American Express is widely recognised as a leader in the financial service industry.
Membership with American Express provides access to an extensive network of companies and services, offering customers a wide range of benefits.
American Express' banking arm includes multiple subsidiaries such as American Express Global Business Travel, Bluebird by American Express, Centurion Bank, Fidelity Investment Services, and more. These banks provide various solutions, including online banking, credit cards, merchant processing services, and more.
FAQs
Does Amex own Mastercard?
No. Amex and Mastercard are separate companies, though both offer customers financial products such as credit cards and payment services.
Which companies does American Express own?
American Express owns various brands, including AXP Financial, Business Travel Services (BTS), Hilton Hotels & Resorts, American Express Global Business Travel, and American Express Centurion Bank.
Who is American Express's biggest competitor?
American Express's biggest competitors are Visa, Mastercard, and Discover. These companies offer similar products and services to American Express but with different fees, reward structures, and credit limits.
Conclusion
In conclusion, American Express is a leading global services company with an expansive portfolio. Through their distinguished rewards program, innovative credit cards, and an assortment of banking products, Americans can finally achieve the financial freedom they have been striving for.
Amex also owns many other companies that offer additional benefits, such as insurance services and travel advice. American Express offers an array of comprehensive benefits designed to meet all your needs in one convenient place.
