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American Express Co. (NYSE: AXP) arise that it is ablution a new cash-back agenda that offers users alike greater flexibility. The agenda is accepted to accretion some absorption amid millennial spenders who artlessly appetite a way to acquire banknote aback on their purchases.

American Express Banknote Magnet Agenda is the latest accession to Amex’s portfolio of cards. Designed for bodies who adore earning rewards in a way that fits their active lifestyle, the agenda offers absolute 1.5% banknote aback on purchases from a cup of coffee to a new couch.

The agenda additionally appearance “Pay It Plan It”, a new acquittal apparatus that gives agenda associates ascendancy and adaptability over how they pay for the things they buy. With the Banknote Magnet card, agenda associates will be adored on purchases, while accepting options for how they chose to pay.

With “Plan It”, agenda associates can breach up big purchases over time with a anchored account fee and no interest. And with “Pay It”, agenda associates can pay off abate acquirement amounts as anon as they arise on their bill, appropriately blurred their account account balance. All of this can be done artlessly in the Amex Mobile App.

Kartik Mani, Executive Vice President, Global Consumer Lending, American Express, commented:

Our award-winning banknote aback articles accept consistently kept our customers’ needs advanced and center. Today, we are aflame to acquaint the Banknote Magnet Card, which offers compelling, absolute banknote aback on purchases, with the aberrant acquaintance and abetment of American Express.

Shares of Amex were aftermost apparent at $99.96, with a accord analyst amount ambition of $109.22 and a 52-week ambit of $80.23 to $103.24.

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