AMERICAN EXPRESS TO LAUNCH THE IN:CHICAGO(SM) CARD, A NEW REWARDS CREDIT CARD THAT CELEBRATES THE FUN AND FLAIR OF THE WINDY CITY

NEW YORK, August 09, 2005 -- American Express today announced that this fall the company will launch the must-have item for hip Chicagoans in-the-know – the IN:CHICAGO Card, a credit card offering a bevy of rewards tied to the city's hottest locales for social Chicago residents who see going out as an essential part of living in Chicago.

The IN:CHICAGO Card will target young adults living in Chicago who want to tap into the city's most happening clubs and concerts, swankiest restaurants, and in-demand events. The Card will be a first of its kind in the city of Chicago.

“There's no place like Chicago – with its renowned cultural institutions, cutting-edge cuisine, rich and varied music scene, and its sporting and active lifestyle,” said Beth Lacey, Senior Vice President and General Manager of Strategic Alliances at American Express. “The city's vibrant spirit is a perfect complement to the American Express brand, and IN:CHICAGO is an ideal new way to celebrate this great city.”

The Card will come with no annual fee, a 0% introductory APR, and a one-of-a-kind rewards program that offers Chicagoans the opportunity to experience the city in cool new ways by spending in a variety of lifestyle and entertainment categories. Specific details on Rewards Partners and the program will be announced when the Card is released this fall.

Consumers can sign up to receive more information about the IN:CHICAGO Card when it's available later this year by going to www.inchicago.com and providing their e-mail address.

The IN:CHICAGO Card is the second city-centric credit card from American Express. IN:CHICAGO builds on the successful launch of the unique IN:NYC® Card launched in the fall of 2004 for New Yorkers who want to be rewarded with access to New York City's most fashionable events, dining and nightlife establishments.

About American Express
American Express Company is a diversified worldwide travel, network and financial services provider founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning, investment products, insurance and international banking.



Contacts:
Rosa Alfonso
212.640.1712
Rosa.M.Alfonso@aexp.com