FlyerTalk Forums - View Single Post - Amex stock down over 13% in two days
Thread: Amex stock down over 13% in two days
View Single Post
Old Nov 30, 2021, 8:25 pm
  #7  
hhdl
 
Join Date: Oct 2019
Programs: Flying Blue, Hilton Honors, Amtrak Guest Rewards
Posts: 2,476
Originally Posted by sleepy3192
I think credit cards including Visa, Mastercard, and Amex will be impacted by BNPL (Buy now pay later). I honestly think this is good because it's quite messed up charging 20%+ for interest. When you can instead finance it for a much lower rate. This is huge and I think it will change the payments space in the future.
BNPL charges merchant fees that would make Amex blush.

That said, Amex is pushing Plan It as an alternative to BNPL.
hhdl is offline  
Reply