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Fortune

Marco Quiroz-Gutierrez

The secret to securing an elusive reservation at some of the most in-demand restaurants may just be applying for an American Express card

American Express United States AMEX Tock Fortune Resy

(Credit: Angus Mordant—Bloomberg/Getty Images)

Known for being the card of choice for business types, American Express is delving deeper into the competitive reservation space with a $400 million deal that could benefit its cardholders.

The company, which bought reservation app Resy in 2019, struck an all-cash deal to acquire Tock, another reservation app, previously owned by Squarespace. The latest acquisition will give Amex influence over a portfolio of 7,000 restaurants and other bookable entertainment experiences listed on Tock.

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