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AmEx Moves Ahead of MasterCard in U.S. Purchase Volume

Amex logo 140pxThe Nilson Report has announced that American Express overtook MasterCard to gain second place among credit card brands in the U.S., based on spending at merchants.

“This is the first time since MasterCard was known as MasterCharge back in the 1960s, that American Express has experienced more purchase volume,” said David Robertson, publisher of The Nilson Report. While purchase volume increased for all four card brands (Visa, Amex, MasterCard, and Discover), American Express credit cards had an increase of 13.4% to $540 billion dollars, vs. an increase 6.1% to $508 billion for MasterCard credit cards.

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