American Express Financial Direct offers rewards for investing.NEW YORK--(BUSINESS WIRE)--Oct. 30, 1996-- Double Points For Deposits Made Before December 31, 1996 American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Financial Direct today announced the launch of Investment Rewards -- a program that allows investors to earn points redeemable for airline travel, hotel accommodations, car rentals, golf instruction and retail purchases. Under the program, customers will earn one point for every $10.00 invested through Financial Direct. Points are earned on deposits made in a Financial Direct investment account, which can then be used to invest in more than 200 no-load mutual funds No-load mutual fund An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee. , money market accounts, brokerage services and InvestDirect, the new online investing service.(1) As an introductory offer, investors will earn double points, or one point for every $5.00 deposited before December 31, 1996. A minimum $5,000 deposit is required to begin accruing points, which are then awarded on the entire amount in the account. "Rewards bring a whole new dimension to investing," said William J. Heron, president of American Express Financial Direct. "Our Investment Rewards offer is, without question, the most comprehensive program in the financial marketplace today. Our program allows investors to earn points more quickly, and gives them more opportunities for redeeming points, than any other investment rewards program." Through Investment Rewards, Financial Direct customers will be able to redeem points for airline travel on Continental, stays at Hilton Hotels
ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Sheraton hotels, car rentals at Hertz, purchases at The Sharper Image and instruction at The Golf Academy of Hilton Head Island Hilton Head Island An island off the southern coast of South Carolina in the Sea Islands of the Atlantic Ocean. It is a popular tourist resort. The town of Hilton Head Island, on the northeast coast, has a population of 35,200. at Sea Pines. Financial Direct customers who are enrolled in American Express' award-winning Membership Rewards program will be able to apply points to their existing account and redeem them at one of more than 40 partners, including 12 major airlines, six hotels, three rental car companies, nine gourmet shops and 14 retailers. The following are Membership Rewards partners. Airlines: Delta Air Lines, USAir, Continental, Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest. Southwest Airlines Co. , Hawaiian Airlines Hawaiian Airlines is the 11th largest commercial airline in the United States. It is the largest airline based in the State of Hawai'i and is commonly referred to by the acronym "HAL". , Swissair, Austrian Airlines Austrian Airlines AG is the flag carrier airline of Austria, headquartered in Vienna. It operates scheduled sevices to over 130 destinations. Its main base is Vienna International Airport, with a hub at Innsbruck Airport.[1] In 2006 Austrian had 10 million passengers. , Sabena, EL AL Israel Airlines  El Al Israel Airlines (Hebrew: אל על , Korean Air, Aeromexico, Mexicana. Lodging: Marriott, ITT Sheraton, Hilton Hotels and Resorts, Best Western, Westin, Renaissance. Car Rental: Hertz, Budget Rent a Car, National Car Rental. Retail: Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New , Tower Records, Caswell-Massey, Nobody Beats the Wiz, One Step Ahead, Tourneau, NordicTrack, Beverly Clark Collection, FTD FTD Financial Times Deutschland (German sister newspaper of the Financial Times) FTD Frontotemporal Dementia FTD Fitted FTD Federal Tax Deposit FTD Flight Training Device FTD Fastest Time of the Day Direct, Fortunoff, Sports Illustrated Insider Authentics, Filene's Basement, CompUSA, J. Crew, The Sharper Image, Time-Life Books. Gourmet: Pfaelzer Brothers, K-Paul's Louisiana Mail Order, H&H Bagels, Hale Indian River Groves, Executive Wine Seminars, Clambake Celebrations, California Sunshine Foods, Taste of Vail Food & Wine Festival, Windsor Vineyards. Membership Rewards also offers more than 150 Land & Sea Vacations, including accommodations at select hotels and resorts, cruises and vacation packages. Points can also be redeemed for a variety of merchandise, including sports equipment, memorabilia and home appliances. Points are earned on deposits of $5,000 or more and are tabulated based on net new deposits. Deposits must be held for a minimum of 90 days to earn points, with January 31, 1997 being the earliest redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. . Points will be granted at that time to all current Financial Direct customers with investments of more than $5,000. Participation in the program is free and qualifying customers are automatically enrolled. American Express Financial Advisors, the Company's financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and asset management business, plans to add a rewards program tied to financial planning in early 1997. American Express Company provides consumers with two financial services options in the U.S., American Express Financial Direct and American Express Financial Advisors. Financial Direct was launched in May to offer consumers a range of carefully selected, high-quality, competitively-positioned financial products directly by calling 1-800-AXP-8800 or accessing http://www.americanexpress.com /direct. With nearly $140 billion in owned or managed assets, American Express Financial Advisors (http://www.americanexpress.co m/advisors) provides in-depth advice and financial planning services through a field force of more than 8,000 financial advisors. American Express Financial Direct makes investments available through American Express Service Corporation. American Express Financial Advisors makes investments available through American Express Financial Advisors Inc. -0- (1) Retirement accounts, CDs, insurance, mortgages and annuities are not eligible for points. A transaction fee will be charged on each redemption of mutual fund shares held for less than 90 days. -0- For more complete information on American Express Financial Direct products, including fees and expenses, consumers may obtain prospectuses at http://www.americanexpress.com/direct or 1-800-AXP-8800. Consumers should read before investing. -0- Corporate and institutional accounts are not eligible for points. If customers withdraw or remove assets that have already earned points from their account, the dollar value of those assets must be replaced before additional points can be earned. Others terms and conditions may apply. American Express Service Corporation, Distribution. Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. and NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . CONTACT: Susan Miller American Express 212/640-4953 or Sammie Becker/Padilla Speer Beardsley 212/752-8338 |
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