AmEx rewards loyalty

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American Express Wednesday announced details of an expanded new credit card loyalty program for its members. Membership Rewards replaces the Membership Miles program it launched in 1991. Cardholders can earn one point for every dollar charged, with points redeemable for travel, dining and products such as household appliances and golf equipment. Fees range from $25 to $50 for most cardholders; there is no fee for holders of AmEx's Gold and Platinum Cards.

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