Author Topic: Costco to stop accepting AmEx cards in US from next April (Read 12846 times)

benjie1305 · « **Reply #40 on:** February 15, 2015, 11:30:57 AM »

Quote from: noturbizniss on February 15, 2015, 10:59:04 AM

We were looking for the source that they are accepting credit cards besides American Express today. The article I posted indicates that until next year it's business as I. E. no credit cards other than American Express until at least next year

Thats what I got from the article as well. Was the only thing. No way anyone thought they would simply stop accepting CC's. Lets see if they go with the same as in Canada or can get something a bit "better" in regards to the CC's total program.

noturbizniss · « **Reply #41 on:** February 15, 2015, 11:36:51 AM »

Quote from: benjie1305 on February 15, 2015, 11:30:57 AM

Thats what I got from the article as well. Was the only thing. No way anyone thought they would simply stop accepting CC's. Lets see if they go with the same as in Canada or can get something a bit "better" in regards to the CC's total program.

You got that you can go to costco today and use Visa or Mc?

benjie1305 · « **Reply #42 on:** February 15, 2015, 11:39:19 AM »

Quote from: noturbizniss on February 15, 2015, 11:36:51 AM

You got that you can go to costco today and use Visa or Mc?

Quote from: noturbizniss on February 15, 2015, 10:59:04 AM

We were looking for the source that they are accepting credit cards besides American Express today. The article I posted indicates that until next year it's business as I. E. no credit cards other than American Express until at least next year

That.

Did I misunderstand something?

noturbizniss · « **Reply #43 on:** February 15, 2015, 12:04:03 PM »

Quote from: benjie1305 on February 15, 2015, 11:39:19 AM

That.

Did I misunderstand something?

Nope. I misunderstood your post

eAge · « **Reply #44 on:** February 15, 2015, 06:51:07 PM »

"Costco cards made up one in 10 American Express cards"
Wow.
http://money.cnn.com/2015/02/13/news/companies/costco-amex/index.html

Achas Veachas · « **Reply #45 on:** February 15, 2015, 08:06:02 PM »

Quote from: eAge on February 15, 2015, 06:51:07 PM

"Costco cards made up one in 10 American Express cards"
Wow.
http://money.cnn.com/2015/02/13/news/companies/costco-amex/index.html

In a way that makes sense. If I wasn't on DDF the only reason I would get an Amex would be to shop at Costco so it stands to reason that I would apply for a Costco card.

etech0 · « **Reply #46 on:** February 15, 2015, 08:20:42 PM »

Quote from: Achas Veachas on February 15, 2015, 08:06:02 PM

In a way that makes sense. If I wasn't on DDF the only reason I would get an Amex would be to shop at Costco so it stands to reason that I would apply for a Costco card.

I know someone who has a macy's amex to shop at costco, and also to get macy's coupons.

benjie1305 · « **Reply #47 on:** February 16, 2015, 04:08:36 PM »

http://www.bloomberg.com/news/videos/2015-02-12/why-amex-is-losing-its-grip-on-the-wealthy

Einstein · « **Reply #48 on:** February 17, 2015, 09:20:46 PM »

Quote from: Achas Veachas on February 15, 2015, 08:06:02 PM

In a way that makes sense. If I wasn't on DDF the only reason I would get an Amex would be to shop at Costco so it stands to reason that I would apply for a Costco card.

I also know someone that specifically got an AMEX to buy at Costco...this is gonna be interesting to see the results of this split

12HRS · « **Reply #49 on:** May 28, 2015, 03:36:19 PM »

what does this mean?

Quote

Responding to speculation in the card industry that Citigroup gave too much to Costco in negotiations earlier, Corbat said the deal is "without a doubt accretive" to shareholders and would be even if Citigroup did not have deferred tax assets it can use to shelter income from taxes.