Is American Express Stock a Millionaire Maker? The world of credit cards is complex, full of risks and rewards. Amidst this noise, one name stands out: American Express.
Founded in 1850, Amex has weathered economic downturns and industry disruptions to emerge stronger than ever. Amex's enduring success can be attributed to its unique business model.
By controlling every aspect of the payment process – issuing cards, processing payments – it has created a closed loop system that gives it flexibility.