In March we learned that American Express and Costco would be cutting ties,which was a pretty big loss for American Express. The loss of Costco threatens roughly 8% of the annual worldwide spending on American Express cards. But American Express was losing money on the agreement, and it just didn't develop sense to sustain it.
Instead, and as of April 2016,Costco's co-branded credit card will be a Visa issued by Citi.
It seems like American Express wasn't going to just take the loss without a fight, as they've now worked out an agreement with Costco's biggest competitor, and Sam's Club (which is the eighth largest retailer in the US).
As of October 1,2015 (nowadays), American Express cards are accepted at more than 650 Sam's Club locations in the US.
The post Sam’s Club Now Accepts American Express appeared first on One Mile at a Time.
Source: boardingarea.com