American Express Announces New Co-Brand Relationship with Charles Schwab

NEW YORK--(BUSINESS WIRE)--

American Express AXP today announced a new exclusive multi-year agreement with Charles Schwab & Co., Inc. to create two new premium co-branded cards. With the agreement recently finalized, the cards are expected to be available in early 2016.

"We look forward to working closely with Charles Schwab to develop a strong value proposition for the new cards," said Josh Silverman, president of Consumer Products & Services for American Express. "The partnership is designed to generate positive economics over time for our shareholders, and allow our mutual customers to benefit from a relationship with two leading financial services brands."

Additional details for the co-branded cards will be announced at a time closer to the products' availability.

The Charles Schwab Corporation SCHW provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc., and affiliates offer a complete range of investment services and products.

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, foursquare.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

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