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Interesting 2018 AMEX Annual Report Findings

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Valued Contributor

Interesting 2018 AMEX Annual Report Findings

I was combing through the latest Annual Report (2018) by American Express and saw some interesting tidbits of information.

 

Average consumer basic Card Member spending (US): $20,840.00 (by contrast average commercial spend was $14,161.00)

Average consumer basic Card Member spending (outside US): $15,757.00

Other Revenue (which includes the lonely and forgotten Traveler's Cheque): $1,360MM (down from $1,678MM in 2016) Smiley Sad

 

I can say I beat that consumer average spending on my cards by a mile. I've nearly spent that much just in the 1st quarter of this year. (yeah, I'm a fanboy) Smiley Happy

 

I may purchase some traveler's cheques and put them up somewhere as they will soon be extinct and may have value to collector's and historians one day. Hard to believe that only 20 years ago the AMEX Traveler's Cheque was once a virtual global currency.

 

 

Message 1 of 8
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Moderator Emeritus

Re: Interesting 2018 AMEX Annual Report Findings

Yeah when it comes to things like spending I'd like to know the median too since a couple heavy spenders can skew that (like income distribution).

 

My expenses are a little high because I'm stuck travelling to SF more frequently than I thought (oh well, SW A-List gimme!), though wound up spending more than usual last month 5k through the credit cards but it's probably around 4k on average currently x 12 so ballpark 50k for the year.  Admittedly almost all with Chase rather than Amex Smiley Happy.

 




        
Message 2 of 8
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Senior Contributor

Re: Interesting 2018 AMEX Annual Report Findings


@RicHowe wrote:

 

I may purchase some traveler's cheques and put them up somewhere as they will soon be extinct and may have value to collector's and historians one day. Hard to believe that only 20 years ago the AMEX Traveler's Cheque was once a virtual global currency.

 

 


I remember my Grandma getting traveler's checques before her trips when I was a kiddo - I thought they were the height of sophistication.




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Message 3 of 8
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Moderator Emeritus

Re: Interesting 2018 AMEX Annual Report Findings

Revelate "Don't Leave Home WIthout It" ... time for you to help American Express with a little spend!!! Smiley LOL

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Moderator Emeritus

Re: Interesting 2018 AMEX Annual Report Findings


@Dinosaur wrote:

Revelate "Don't Leave Home WIthout It" ... time for you to help American Express with a little spend!!! Smiley LOL


Hehe well I did make a tax payment on my Marriot Amex last month, so they got something!




        
Message 5 of 8
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Super Contributor

Re: Interesting 2018 AMEX Annual Report Findings

When I joined the Army, in Basic Training, they paid us in AmEx Traveler's Checks.


Message 6 of 8
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Moderator Emeritus

Re: Interesting 2018 AMEX Annual Report Findings


@kilroy8 wrote:

When I joined the Army, in Basic Training, they paid us in AmEx Traveler's Checks.


WOW! Now that is a first. Did not know they did something like that! We got cold hard cash.

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Valued Contributor

Re: Interesting 2018 AMEX Annual Report Findings


@Revelate wrote:

Yeah when it comes to things like spending I'd like to know the median too since a couple heavy spenders can skew that (like income distribution).

 

My expenses are a little high because I'm stuck travelling to SF more frequently than I thought (oh well, SW A-List gimme!), though wound up spending more than usual last month 5k through the credit cards but it's probably around 4k on average currently x 12 so ballpark 50k for the year.  Admittedly almost all with Chase rather than Amex Smiley Happy.

 


It's good to know I'm not the only one that ended up working in the Bay Area. I put $60K through my Chase twins last year alone, and thankfully more than half was reimbursible expenses. Driving I-5 back and forth from LA/OC means my Amex Simply Cash spends more time in Exxon/Mobil pumps than in my wallet.

Amex PRG (NPSL), Amex Blue Cash ($24K), Amex Simply Cash+ ($4K), Amex Business Cash ($22.5K), Discover ($22.7K), Cap 1 Union Plus MC ($2500), Chase FU Visa Sig ($12K), Chase F Visa Sig ($8.3K), Chase CSP Visa Sig($6.5K), FCB/Elan Rewards Visa Sig($15K), Buckle ($1.3K), BofA AAA Rewards ($84.5K), Paypal credit ($10K), BBVA Clearpoints ($7.5K), Cap 1 Savor ($10K), PenFed PCR ($3500), Bank of the West CB MC ($3K)
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