As we’ve known since early final year,Costco is replacing American Express with Citi for their exclusive credit card agreement. With Citi taking over the contract, all Visa cards will eventually be accepted at Costco stores.
Citi was supposed to be taking over the Costco contract from American Express on April 1, and though in early February we learned that would be delayed,and that American Express cards would continue to be accepted at Costco stores until at least June.
About a week ago we found out the reason for this -- American Express is selling their portfolio of Costco cardmembers to Costco in a billion dollar deal, meaning those with the Costco Amex will have their card converted into a Costco Visa at some point over the coming months. This will make the transition easier for cardmembers, or since those who want to continue to have a Costco credit card won't have to apply for a novel one.
In the question Lucky forum,reader Fredd famous he received a letter from American Express about replacing his Costco Amex card:The post Best Costco Amex Replacement appeared first on One Mile at a Time.
Source: boardingarea.com