Costco recently ended its long monogamous relationship with credit card partner American Express, leaving to only accept Visa cards and partner with Citibank for a store-branded card. AmEx could lose up to 10% of its customers over the switch, since the number of people who had cards with them just for Costco is huge. The switch went badly for some Costco customers who didn’t get their cards, couldn’t activate them, or had other problems with the switch. Citi’s CEO promises that he’s going to fix this. [More]
costco anywhere visa
Sam’s Club Takes Advantage Of Costco Credit Card Problems, Invites Members To Visit
By 6.28.16
Hey, are you a Costco member? Are you annoyed with their switch to only accepting Visa cards, and the problematic transition to the Costco Anywhere Visa? Competitor Sam’s Club has a solution for you: come check out their warehouse club, where all major credit cards are welcome. Even if that’s a pretty recent development. Sam’s is welcoming Costco card holders to enter the store and browse (but not to shop without buying their own membership) through July 4. [More]
Costco’s AmEx To Visa Transition Isn’t Going Great For Some Customers
By 6.22.16
Costco’s decision to switch from only accepting American Express credit cards to only accepting Visa cards is a big deal for their customers (and for American Express) and has been in the works for a long time. That should have given Costco and Citi plenty of time to make sure the transition was smooth and everyone would have their cards working and on time, right? No, of course not. [More]
