American Express letter received in mail today

[-Cain-]

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@dmFICO8 wrote:

It didn't mention what Amex will replace the card with, some people say it implies that the card is done.

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Yes that's what I'm getting out of it. But why encourage people to use it until the last minute? Wouldn't Citi reap the benefits?

[woodyman100]

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@Anonymous wrote:

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@-Cain- wrote:

What's BJs? And why/ how was it a Visa?

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You don't know what BJ's is? 

(Mod edit - For the purpose of this thread, BJ's refers specificaly to a regional warehouse store --SE)

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"That depends on what your definition of is is" -William Jefferson Clinton

Sunrise, you're my hero😄

[Anonymous]

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@Anonymous wrote:

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@-Cain- wrote:

What's BJs? And why/ how was it a Visa?

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You don't know what BJ's is? 

(Mod edit - For the purpose of this thread, BJ's refers specificaly to a regional warehouse store --SE)

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Oh, okay. Thanks for the clarification. 

[SunriseEarth]

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@Anonymous wrote:

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@Anonymous wrote:

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@-Cain- wrote:

What's BJs? And why/ how was it a Visa?

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You don't know what BJ's is? 

(Mod edit - For the purpose of this thread, BJ's refers specificaly to a regional warehouse store --SE)

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Oh, okay. Thanks for the clarification. 

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Yeah...so how about that AMEX letter with the circular discussion?

[Anonymous]

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@dmFICO8 wrote:

It didn't mention what Amex will replace the card with, some people say it implies that the card is done.

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What I want to know is whether we will qualify for a CITI card and other AMEX card regardless of credit profile as long as Costco AMEX is in good standing.  (No, my profile is great but CITI doesn't like me due to a long, long time ago chargeoff that is probably resting in credit heaven right now).

[Anonymous]

I just want to keep my 1987 dating SOMEWHERE. I don't care where. (Got the letter today too.)

[LuckyBird]

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@-Cain- wrote:

"As you may have learned from recent news coverage, our partnership with Costco will end on March 31st, 2016.

While it's not easy to see a longstanding partnership end, we remain as committed as ever to providing you with world class service and products that deliver excellent value, rewards and benefits.

What You Can Expect Now

Between now and March 31st, 2016 you can continue to use your Card as you do today, including at Costco stores in the U.S., on Costco.com, and everywhere American Express Cards are accepted and you will continue to earn cash back on your eligible purchases.

What's Next

We have many rewarding products and are committed to earning your business now and in the future. As always, no matter which American Express Card you carry in your wallet, you can count on American Express' award winning service and our brand's 165 year promise of trust and security.

Our Customer Care Professionals are here to serve you, 24/7. We encourage you to call 1-888-246-1076, or the number on the back of your Card, should you have any questions regarding your account.

We appreciate your business with American Express and thank you for being a loyal Card Member.

Sincerely,

Josh Silverman

President, Consumer Products & Services"

So do we get a PC and keep our trade lines or what? 😁

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It almost looks like a thinly-veiled offer of a product change (possibly even to the card of your choice...?) 

Maybe they're prohibited by the terms of the agreement from openly soliciting card-holders to stay with them...so they need you to call & ask about your options.

[Anonymous]

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@LuckyBird wrote:

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@-Cain- wrote:

"As you may have learned from recent news coverage, our partnership with Costco will end on March 31st, 2016.

While it's not easy to see a longstanding partnership end, we remain as committed as ever to providing you with world class service and products that deliver excellent value, rewards and benefits.

What You Can Expect Now

Between now and March 31st, 2016 you can continue to use your Card as you do today, including at Costco stores in the U.S., on Costco.com, and everywhere American Express Cards are accepted and you will continue to earn cash back on your eligible purchases.

What's Next

We have many rewarding products and are committed to earning your business now and in the future. As always, no matter which American Express Card you carry in your wallet, you can count on American Express' award winning service and our brand's 165 year promise of trust and security.

Our Customer Care Professionals are here to serve you, 24/7. We encourage you to call 1-888-246-1076, or the number on the back of your Card, should you have any questions regarding your account.

We appreciate your business with American Express and thank you for being a loyal Card Member.

Sincerely,

Josh Silverman

President, Consumer Products & Services"

So do we get a PC and keep our trade lines or what? 😁

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It almost looks like a thinly-veiled offer of a product change (possibly even to the card of your choice...?) 

Maybe they're prohibited by the terms of the agreement from openly soliciting card-holders to stay with them...so they need you to call & ask about your options.

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So they gave the phone number at the end of the letter to call them. Call them and find out if you can get another card with them with the same limit.

[celluloid17]

I wish they'd hurry up and release a better no-AF cash back card before the TE is phased out.  As much as I want to retain a relationship with Amex and more importantly, maintain the age of the account now that backdating is off the table, I want to end up with an Amex card I'll actually want to use.  The BCE is totally eclipsed by Sallie Mae (and other cards with similar or greater returns in those spend categories) and therefore isn't all that appealing.  

[ways2go]

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@-Cain- wrote:

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@dmFICO8 wrote:

It didn't mention what Amex will replace the card with, some people say it implies that the card is done.

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Yes that's what I'm getting out of it. But why encourage people to use it until the last minute? Wouldn't Citi reap the benefits?

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 Why encourage?  Amex will get all the swipe fee's of it.   Let people run up the balances, sell the portfolio to citi and let citi deal with all those balances.