American Express introduces new rewards redemption option as stock rises 2.4%

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Aleksandra Chaikina

29.10.2026

American Express introduces new rewards redemption option as stock rises 2.4% — American Express stock rises 2.4% today

American Express introduced a new way for U.S. Consumer and Business Cash Back Card Members to redeem rewards as direct deposits to eligible company bank accounts, as the company looks to enhance its offerings in the credit services sector. The stock is up 2.4% on the day at $325.71.

AXP price prediction

24H -0.23%

$320.26

48H -0.55%

$319.24

7D -0.98%

$317.83

1M 5.41%

$338.37

3M 8.73%

$349.02

6M -12.06%

$282.28

12M -11.87%

$282.88

Current price: $320.99 -3.9800 1.22%

Closed 11/06

Daily range 319.20

326.78

Weekly range 319.20

342.99

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Highlights

American Express now allows U.S. Consumer and Business Cash Back Card Members to redeem rewards as deposits to eligible company bank accounts.
Shares of American Express are up 2.4% at $325.71, with a market value near $217.31 billion and $70.91 billion in trailing revenue.
60 of 119 analysts rate the stock a buy, with a median price target of $370, 13.5% above current levels.

American Express introduced a new way for eligible U.S. Consumer and Business Cash Back Card Members to redeem their rewards directly as deposits in eligible American Express bank accounts. The announcement came directly from the company. American Express operates in credit services, has 76,800 employees, and reports a market value near $217.31 billion and trailing revenue of $70.91 billion.

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Mixed momentum as MA-200 resistance limits further gains

Price is sitting right at resistance from the MA-200 at $326.44, reflecting a test of a key technical barrier. The stock remains below the MA-200 but above the MA-20 and MA-50, producing a split daily structure that points to mixed momentum. The daily move aligns with a broader bullish chart structure, as the recent activity is occurring within a contained band after several tightly ranged sessions.

Upside odds predominate as traders await a close above resistance

To see whether buyers are committing to this move, traders should watch for a close above $326.44. The session began with a gap up from the previous close of $317.94 to the open at $321, setting the tone for early strength. Even so, after a contained move within a narrow range over the past week, probabilities for the coming trading week are set at 75% to the upside and 25% to the downside, with an expected trading range of $321.58 to $329.83. A move above $326.44 would confirm acceptance by buyers, while a drop below $320.69 would indicate rejection. On the weekly chart the longer-term picture stays mixed.

Previously it was reported that American Express launched complimentary ZO Memberships for select business cardholders as part of an effort to enhance premium card benefits, with the stock navigating a period of technical uncertainty. The new cash-back redemption option for direct deposit adds another dimension to the company's offerings, and traders should monitor whether a decisive move above $326.44 signals broader acceptance of the recent bullish breakout.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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