Factors affecting customer satisfaction in Credit card industry: With special Focus on American Express
Keywords:
Credit cards, customer satisfaction, American ExpressAbstract
Customer satisfaction in the credit card industry is crucial for customer retention and profitability. This research paper explores the factors influencing customer satisfaction with a specific focus on American Express. Key factors include customer service quality, rewards programs, fees and charges, technological innovations, and brand reputation. The study utilizes a combination of secondary data from industry reports and academic literature to analyze these factors. The findings highlight the importance of a customer-centric approach and continuous innovation in enhancing customer satisfaction in the credit card industry.
References
Amex. (2023). Membership Rewards Program. Retrieved from [https://www.americanexpress.com](https://www.americanexpress.com)
Ching, A., & Hayashi, F. (2010). Payment card rewards programs and consumer payment choice. *Journal of Banking & Finance, 34*(8), 1773-1787. doi:10.1016/j.jbankfin.2010.03.015
Dahlberg, T., Guo, J., & Ondrus, J. (2015). A critical review of mobile payment research. *Electronic Commerce Research and Applications, 14*(5), 265-284. doi:10.1016/j.elerap.2015.07.006
J.D. Power. (2020). 2020 U.S. Credit Card Satisfaction Study. Retrieved from [https://www.jdpower.com](https://www.jdpower.com)
Keller, K. L. (1993). Conceptualizing, measuring, and managing customer-based brand equity. *Journal of Marketing, 57*(1), 1-22. doi:10.2307/1252054
Matzler, K., Renzl, B., & Rothenberger, S. (2006). Measuring the relative importance of service dimensions in the formation of price satisfaction and service satisfaction: A case study in the hotel industry. *Scandinavian Journal of Hospitality and Tourism, 6*(3), 179-196. doi:10.1080/15022250600720242
Oliver, R. L. (2010). *Satisfaction: A Behavioral Perspective on the Consumer*. M.E. Sharpe.
Parasuraman, A., Zeithaml, V. A., & Berry, L. L. (1988). SERVQUAL: A multiple-item scale for measuring consumer perceptions of service quality. *Journal of Retailing, 64*(1), 12-40.