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A recurring theme among traders and analysts has been the caution surrounding the Buy Now, Pay Later (BNPL) consumer base, which has become overlevered amid easy credit conditions. On the flip side, entrenched financial institutions like American Express are capitalizing on this trend by enhancing their premium card benefits. This strategic move is aimed at attracting affluent clients seeking exclusive rewards and sophisticated financial products, ultimately positioning Amex as a resilient player in an evolving financial landscape.