“We still think that is the right way to think about card fees.”

In context

“It will -- what we're doing here is we're investing for the medium and the longer term and it will acquire cardholders that will spend for us, for us next year. So I think the takeaway from the point that Christoph made and the point that I made is the business is so -- we feel the business is strong right now that we're able to invest more and we have line of sight into those opportunities without compromising on credit. Christophe Le Caillec: The only thing I will add to that, Don, is that the revenue growth was exactly as we were expecting it to be. And as we talked about it under Q1 call, we talked about stable billings, which is exactly what we got. We talked about card fee remaining in terms of growth where it was in Q1 before picking up a bit of momentum in the balance of the year. We still think that is the right way to think about card fees. And we talked about NII growth rate moderating a little bit. So that revenue growth is where we thought it would be. Operator: Thank you. The next question is coming from Sanjay Sakhrani of KBW. Please go ahead. Sanjay Sakhrani: Thanks. Good morning. Steve, I think I heard you say a gold cart refresh will probably be announced shortly. I guess, just can we contextualize what that means? I assume it probably helps card fees next year. And then just the spend trends intra-quarter, were those pretty stable? It sounds like they were, but just clarifying. Stephen Squeri: Yeah. So, not going to get into the details of the card. But what I would say is, one of the big advantages of the refreshes is it makes the marketing dollars work a lot harder, right. So what happens is, when you do a product”