American Express Mall Promotion Offers Fee-Free Gift Cards: Buy Three or More Gift Cards at Participating Malls and Waive the Purchase Fee On the First Three

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Holiday shoppers can save money while making their gift shopping quick and simple. American Express today introduced a nationwide promotion with participating malls enabling shoppers to buy three or more mall-branded gift cards and pay no fee on the first three.

Shoppers are planning to buy an average of six gift cards this holiday season

    Shoppers can take advantage of this promotion by visiting one of more than 320 participating malls and purchasing three or more mall-logoed gift cards issued by American Express at the mall office, customer service desk or gift card center. The offer is valid from Nov. 19-Dec. 31, 2007 and limited to one transaction per person per day.

"Shoppers are planning to buy an average of six gift cards this holiday season," said Stefan Happ, general manager, American Express Gift Cards. "By purchasing American Express-issued gift cards at our mall partners, consumers not only get convenience and reliability, they now can save money too."

American Express issues gift cards in partnership with many mall owners and operators, including CBL & Associates Properties, Inc., Caruso Affiliated, General Growth Properties, Inland, Jones Lang Lasalle, Lerner Enterprises, NorthPark Center, Pennsylvania Real Estate Investment Trust (PREIT), Pyramid Management, Taubman, and Westfield. The mall gift cards are for use only at merchants that accept American Express and are located within the shopping centers of the shopping mall whose logo appears on the card.

American Express is the largest issuer of "open" gift cards that can be used at many locations. The American Express Gift Card can be redeemed at U.S. retailers and restaurants that accept American Express Cards, and lets the recipient choose from millions of things and experiences, making it a popular gift choice.

American Express issues gift cards in denominations ranging from $20 to $500, and the gift cards can be refunded if lost or stolen. The American Express Gift Card is available at more than 65,000 locations, including supermarket, drug store and office supply retail chains, banks, shopping malls, and American Express Travel offices, as well as online at http://www.americanexpress.com/gift.

About American Express

American Express is a leader in prepaid products. In addition to the 116-year old American Express Travelers Cheque - the preeminent brand welcomed worldwide - the Company issues other prepaid products including Cheques for Two, Gift Cards, Gift Cheques, and a range of corporate incentive prepaid products through American Express Incentive Services, a joint venture with Maritz Inc.

American Express Company (http://www.americanexpress.com) is a diversified worldwide travel, financial and network services company founded in 1850.

Offer limited to one transaction per person a day. Valid from 11/19/07 through 12/31/07. Terms, conditions and purchase/replacement fees apply to Gift Cards. Subject to applicable law, a monthly service fee of $2.00-$2.50 is waived for the initial 12 months after purchase. A $5.95 replacement fee may apply if a Gift Card is lost or stolen. Not for use at car rental, cruise lines, casinos or ATMs. Usage restrictions and guidelines apply.

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Robert A. Sherman
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